Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of state-of-the-art, flexible thin-film photovoltaic modules, announced today the initial sale of SOLab Basic and SOLab Premium products, as branded by Ascent’s joint development partner, CTC CarTech Company. SOLab is an autonomous solar charger meant for automotive battery cycling & trickle charging. The innovation of integrating Ascent’s industry leading thin-film CIGS solar modules into SOLab Basic and Solab Premium products is the first of its kind application for automotive battery charging solutions. Sebastian Hotz, CarTech’s Head of Sales Product Division, stated, “With Ascent we found the best partner for delivering innovative products into the field of autonomous solar chargers for automotive professionals.” Mr. Hotz continued, “The production of thin film solar is highly innovative for our product and ideal to manufacture. Not only the functionality but also the product design from Ascent makes the product very unique.” To view more product information of this pioneering application of Ascent’s solar technology please visit http://tinyurl.com/cartech-company . Victor Lee, Ascent Solar’s President & CEO, stated, “We are extremely pleased with these innovative products and are proud to be able to work closely with CarTech to bring them to market. These products are a good illustration of the multitude of applications that Ascent’s unique technology can be utilized in.” About Ascent Solar Technologies, Inc. Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible substrate materials that can transform the way solar power generation integrates into everyday life. Ascent Solar modules, which were named one of TIME Magazine's 50 best inventions for 2011, can be directly incorporated into standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. More information can be found at www.ascentsolar.com. About CTC Car Tech Company CTC Cartech Company is positioned as a development service provider for automotive electronics and manufacturer of accordingly complex systems as well. We help our clients to accomplish product development along the entire value chain. In doing so, we focus on mobility including efficient energy consumption and green mobility.
Forward Looking StatementsStatements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.