THORNTON, Colo.--(BUSINESS WIRE)--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, announced today the successful shipment of an over $750,000 order to Fry’s Electronics for their upcoming anniversary sale.
The shipment is made up of multiple EnerPlex flagship and accessory product lines, all of which will be available for sale in Fry’s stores beginning May 12th. The completion of this single large order surpasses not only the Company’s entire Q4 2013 revenue by 30%, but also exceeds its EnerPlex Q1 2014 product revenue.
Richard Hashim, GM of Ascent Solar’s EnerPlex Division, said, “EnerPlex is extremely pleased to be able to provide support for the demand we have seen for our EnerPlex products through our largest retailer, Fry’s Electronics. This order is yet another example of the continuing increase in demand for EnerPlex’s ultimate portable power solution, from solar chargers to rechargeable batteries and accessories.”
“Ascent is set to achieve yet another milestone this quarter in terms of product revenue,” said Victor Lee, President & CEO of Ascent Solar. “We are extremely pleased with the momentum and acceleration of our EnerPlex brand building and product acceptance; factors which hopefully will be the catalyst of Ascent’s rapid growth moving forward.”
For more information about the EnerPlex line of products, visit www.goenerplex.com.
Fry's Electronics, founded in 1985 in Silicon Valley, is one of the nation's oldest electronics retailers and is the go-to place for savvy and trend-setting technology consumers. With thirty-four (34) retail locations in nine states, Fry's provides a powerful and unique avenue for EnerPlex to connect with a highly knowledgeable, affluent and influential end-user customer base.
About Ascent Solar Technologies: Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules with substrate materials that are more flexible, versatile and rugged than traditional solar panels. Ascent Solar modules can be directly integrated into consumer products and off-grid applications, as well as aerospace and building integrated applications. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.ascentsolar.com.
About EnerPlex (and design)™: EnerPlex is a registered trademark in the USA, European Community, Australia, Japan and Hong Kong. The EnerPlex brand represents Ascent's line of consumer products. These products, many of which are integrated with Ascent's proprietary CIGS technology, provide consumers with the ability to integrate solar into their everyday lives, while enabling them to free themselves and their electronics from the outlet. For more information on the EnerPlex brand and to see the product line, please visit www.goenerplex.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.