Ascent Solar Accepts Order for EnerPlex TM Charger for Apple’s iPhone
Product debut in Asia in early August
THORNTON, Colo.--(BUSINESS WIRE)-- Ascent Solar Technologies, Inc . (NASDAQ:ASTI), a developer of state-of-the-art, flexible thin-film photovoltaic modules, announced today that it has received a purchase order for 50,000 units of its EnerPlex solar charger for the Apple (AAPL) ® (NASDAQ:AAPL) iPhone ® *. The EnerPlex charger was launched in early June, and it was displayed at Ascents annual shareholders meeting. It was first publicly displayed to the industry at Intersolar in Europe last week. The product takes advantage of Ascents ultra-light, thin and flexible solar panels and enables iPhone users to provide supplementary charging of their iPhones with sunlight.
The order is from Ascents exclusive distributor in Asia, TFG Radiant, which has advance orders from its channel partners for retail distribution throughout the Asia region. Ascent plans to fulfill the channel orders, supporting the early August retail launch of EnerPlex chargers in Asia.
Ascent Solars President and CEO, Victor Lee, said Initial response to the EnerPlex solar charger has been excellent. We are very encouraged by the initial orders we have received from our distribution partners in Asia and we are receiving strong interest from potential distributors worldwide. We plan to work closely with our channel partners in Asia to support the retail launch of EnerPlex while continuing to pursue expansion opportunities for this revolutionary line of products around the world.
Lee continued, Ascent unveiled the EnerPlex charger at Intersolar Europe last week to a tremendous response. The market is clearly excited about our sleek design which provides consumers with a new and fashionable way to power their smartphone. With this launch of our first EnerPlex product, with many more to come, we are taking the first step toward driving a new revenue stream with significant growth opportunity for the company.
This charger is the first product under Ascents new EnerPlex line of consumer products. Ascent is developing future products for other leading smart phones and consumer devices, such as the Samsung ® Galaxy S ® III *.
Photos, a promotional video, and product information can be found at www.ascentsolar.com/enerplex.
About Ascent Solar Technologies:
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 can be directly integrated into standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Additional information can be found at www.ascentsolar.com.
* 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.
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 SEC.
Solar Technologies, Inc.
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Brad Kemp, 720-872-5148
Source: Ascent Solar TechnologiesCopyright Business Wire 2012