"We are thrilled to have completed this significant order," said Victor Lee, President and CEO of Ascent Solar. "This contract, which accounted for approximately 50% of our 2017 full-year revenue, will be booked as revenue in the first quarter and give the Company a strong head start into 2018. This is not only significant in value but also underscores the power of Ascent's proprietary technology to address these rapidly emerging and growing premium PV markets. We hope that this contract is only the 'tip of the iceberg' as the airship project, when successfully launched, is expected to be rolled out on a much larger scale in the near future. Our technical team has been working with our aerospace customer to identify the best solution for their needs while providing a product that takes full advantage of the key attributes of our monolithically-integrated flexible CIGS PV."ABOUT ASCENT SOLAR TECHNOLOGIES, INC.: Ascent Solar Technologies, Inc., an ISO 9001-2015 certified company, is a developer of thin-film photovoltaic modules using flexible substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules were named as one of the top 100 technologies in both 2010 and 2015 by R&D Magazine, and one of TIME Magazine's 50 best inventions for 2011. The technology described above represents the cutting edge of flexible power and can be directly integrated into consumer products and off-grid applications, as well as other aerospace applications. Ascent Solar is headquartered in Thornton, Colorado, where the company's quality management system has achieved ISO 9001:2015 certification. More information can be found at www.AscentSolar.com . Forward Looking Statements Statements 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.
Ascent Solar Technologies Investor Relations PCG Advisory Group Media Relations Adam Holdsworth firstname.lastname@example.org +1-646-862-4607