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Tuesday, June 30, 2009
Ascent Solar Technologies Announces Results of Annual Meeting of Shareholders
Comtex
THORNTON, Colo., Jun 30, 2009 (BUSINESS WIRE) ----Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of state of the art flexible thin-film solar modules, announced the results of its Annual Shareholder Meeting held on June 30, 2009 in Golden, Colorado. Shareholders elected Ron Eller to the Board to serve until the 2012 annual meeting of stockholders.
Mr. Eller is chief executive officer of Monroe Street Capital LLC, a private equity firm formed in 2009. From December 2008 until May 2009, Mr. Eller served as a managing director of Capital Preservation, Inc., a private equity firm. From 1994 until March 2008, Mr. Eller held various positions at Hewlett-Packard Company, an integrated technology firm, including Vice President and General Manager of the NetServer business from 2002 to 2003 and, more recently, Vice President and General Manager of the software and system integrator channels of the Technology Solutions Group. Mr. Eller holds a B.S. degree in Professional Aviation from Purdue University, and an M.S. degree in Business from Colorado State University.
Shareholders re-elected Dr. Amit Kumar and Richard Swanson also to serve until the 2012 annual meeting, as well as re-electing Richard Erskine to serve until the 2011 annual meeting.
Shareholders approved an amendment and restatement of the Company's 2005 Stock Option Plan that increases the number of shares authorized for issuance under that plan by 1,000,000 shares.
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules with substrate materials that can be more flexible and affordable than most traditional solar panels. Ascent Solar modules can be directly integrated into standard building materials, space applications, consumer electronics for portable power or configured as stand alone modules for large scale terrestrial deployment. Ascent Solar is headquartered in Thornton, Colo. Additional 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.
SOURCE: Ascent Solar Technologies, Inc.
Ascent Solar Technologies, Inc. Investor Relations Contact: Brian Blackman, 832-515-0928 bblackman@ascentsolar.com or Brand Fortified Public Relations Media Contact: Kelly Brandner, 303-289-4303 kellybrandner@msn.com
Copyright Business Wire 2009
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