Ascent Solar Announces the Retirement of Dr. Prem Nath
December 23 2009 - 1:15PM
Business Wire
Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of
state-of-the-art, flexible thin-film photovoltaic modules, today
announced that Senior Vice President of Production Operations, Dr.
Prem Nath will retire on January 15, 2010. Dr. Nath has led the
company’s manufacturing efforts since 2006 and helped establish the
company’s unique roll-to-roll commercial production capability.
Ascent Solar President and CEO Farhad Moghadam stated: “Dr.
Nath’s track record speaks for itself and he has laid a superb
foundation for this company to continue to scale its manufacturing
capability and capacity. We thank Dr. Nath for his extraordinary
service and innovative efforts while at Ascent Solar. Building on
this foundation, the team at Ascent Solar will now pursue high
volume commercial manufacturing, the next phase of growth for our
company.”
Dr. Nath has spent over 30 years in the thin-film industry.
While at Ascent Solar, Dr. Nath successfully led the company to
reach full end-to-end commercial production on FAB 1 in Littleton,
Colorado, which positions Ascent Solar to ramp to high volume
production on FAB 2 located in Thornton, Colorado. The company will
continue to have access to Dr. Nath’s knowledge and experience
through a consulting arrangement.
Commenting on his retirement, Dr. Nath said: “I am very proud of
our company’s accomplishments over the past several years. In 2006
the company was based on research and development tools. Today
Ascent Solar has reached commercial production and is now ready to
ramp to volume.”
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,
Colorado. For more information, go to 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.
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