Ascent Solar Technologies, Inc.

Ascent Solar Launches Solar Powered Charger for Apple iPhone

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Source: Ascent Solar Technologies, Inc.

Product will formally debut at the Intersolar Europe trade show next week

THORNTON, Colo.--(BUSINESS WIRE)-- Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of state-of-the-art, flexible thin-film photovoltaic modules, announced today it has launched a charger for the Apple® (NASDAQ:AAPL) iPhone® * 4/4S smart phone featuring Ascent’s ultra light CIGS technology. Branded under Ascent’s new EnerPlexTM line of consumer products, the charger incorporates the company’s solar cells into a sleek, protective iPhone 4/4S case, along with a thin battery. The charger adds minimal weight and size to an iPhone smart phone, yet provides significantly improved battery life by harnessing sunlight for electric power.

The first product in a forthcoming line of smart phone chargers from Ascent Solar, the EnerPlex product is designed specifically for the Apple iPhone. Ascent plans to introduce similar chargers for other smart phones, including the newly launched Samsung® Galaxy S® III*, in the near future.

Ascent Solar’s President and CEO, Victor Lee, said “The EnerPlex charger is the first protective iPhone case to leverage the lightweight qualities and superior aesthetics of our CIGS solar technology. It will extend the usage time of iPhone smart phones while preserving the high level of design quality that consumers demand. Apple customers can now incorporate green technology into their everyday life, improving the performance of their smart phone without compromising style.”

Lee continued, “The growth of the smart phone market has been tremendous and is expected to continue for several years to come. Apple has sold over 175 million iPhone smart phones. Samsung is introducing new products in a competitive market where the number of smart phones in use globally is expected to reach 1 billion in the next 4 years. 144 million smart phones were sold globally in the first quarter of this year alone. Ascent’s EnerPlex line is focused on providing millions of smart phone customers with a product that prolongs battery life, increases mobility and allows them to be ‘green’, all without adding significant size or weight to the phone.”

Working with strategic partners, including China-based TFG Radiant Investment Group Ltd, the company plans to ship EnerPlex chargers to customers and partners in Asia within weeks. Ascent’s partners have already begun receiving purchase orders for this product for shipments beginning in the third quarter. Global shipments will follow in the fourth calendar quarter of this year.

The EnerPlex charger will be available for review at Intersolar Europe 2012, the world’s largest solar technology trade show, from June 13 - June 15. Ascent Solar’s booth will be located in Hall A1, booth 556. EnerPlex product information can be found at: www.ascentsolar.com/enerplex.

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 TFG Radiant Investment Group Ltd

TFG Radiant Group is a joint venture of Radiant Group (www.sradiant.com), a Chinese conglomerate in construction and real estate, and Tertius Financial Group, a private investment firm based in Singapore. The Group, with more than 3,000 personnel, operates various businesses across China, Indonesia, Singapore and Malaysia, including in metal roofing and facades, import/export trading, real estate investment, project management and consultation, new-energy development, manufacturing and distribution and gold mining.

* Apple and iPhone are registered trademarks of Apple Inc.

Samsung and Galaxy S are registered trademarks of Samsung Electronics Co., Ltd.

Samsung Galaxy is a trademark of Samsung Electronics Co., Ltd.

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.

 

 

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