Net Revenue of $6.54M Represents Approximately 23% Growth Over FY2014

THORNTON, CO -- ( d) -- 03/11/16 -- Ascent Solar Technologies, Inc. (NASDAQ: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the Company's EnerPlex™ series of consumer products, reported results for the fourth quarter and full year ended December 31, 2015.

Q4 2015 Highlights:

    Ascent Solar completed a debt restructuring exercise and successfully redeemed substantially all its outstanding Senior Secured Convertible Notes

    EnerPlex continued its rapid retail footprint expansion with The Cellular Connection (TCC), the nation's largest Verizon Premium Wireless retailer, from 300 TCC stores to approximately 500 stores nationwide

    Ascent Solar's MilPak™ E passed military standard testing and won the second "Oscars of Invention" award by R&D 100 in November 2015 in the IT/Electrical category

    Ascent Solar extended its partnership with Bye Aerospace, a pioneer in the field of clean energy propulsion for aviation, to develop a unique aircraft to fill the gap between mapping and surveillance of Mars from orbital satellites and ground-based rovers

    EnerPlex reached a significant milestone with products now available in over 1,000 retail locations globally

    EnerPlex launched with GovX.com, the premier online shopping destination for military, law enforcement and government agencies

    EnerPlex garnered 11 prestigious marketing awards in 2015, including awards from: the American Marketing Association, International MARCOM Awards & Hermes Creative Awards

    Ascent Solar secured a new equity investment of $2.8M Series EConvertible Preferred Stock and implemented a Committed Equity Line which will provide operating capital to the Company from time to time over the next 3 years

    Ascent Solar was added to the NYSE-Listed Ocean Tomo 300® Patent Index

    Ascent Solar was awarded GSA Schedule 56 in December 2015; products, including MilPak™ E, are now available for purchase by US government agencies

    Ascent Solar was awarded 2 new US Patents, covering the latest improvements in device construction

    Ascent Solar demonstrated further efficiency gains for space and near-space applications

 

11 Mar 2016