Ascent Solar Hires Chief Marketing Officer

LITTLETON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of state of the art flexible thin-film photovoltaic modules, today announced that Bruce Berkoff has been appointed Chief Marketing Officer of the company. Mr. Berkoff brings to Ascent Solar over 25 years of executive experience in engineering, product development and marketing for technology companies.

“We are delighted that Bruce has joined our senior management team in this newly created executive role. He brings extensive experience in growing a high tech company in a rapidly expanding and highly competitive environment. Bruce’s visionary insights and proven leadership in development of international business will further enable us to strengthen and develop additional strategic partnerships as we work to complete the installation of our initial 30 MW production facility and our subsequent planned expansions,” said Dr. Mohan Misra, Ascent Solar's Chairman.

Prior to joining Ascent Solar, Mr. Berkoff was Chief Marketing Officer of LG.Philips LCD (NYSE:LPL), one of the world’s largest TFT LCD suppliers. Mr. Berkoff currently serves on the boards of directors of LG Display (LPL) and Unipixel (UNXL.OB), and serves as Chairman of the LCD TV Association. Mr. Berkoff was CEO of Enuclia Semiconductor, CMO and EVP at LPL, vice president and general manager at Philips Components FDS, and has held various other executive positions. He holds undergraduate and graduate degrees from Princeton and UC Berkeley, respectively.

“I believe there are few problems currently facing our entire society that are more important than the creation of clean and affordable renewable energy, and I am delighted and honored to be joining such a talented team working in this field. Ascent Solar has what I believe to be the best technology and roadmap in the thin-film solar arena,” stated Mr. Berkoff.

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 located in Littleton, Colorado.

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.