Ascent Solar Hires Vice President of Manufacturing
January 05 2010 - 6:00AM
Business Wire
Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of
state of the art flexible thin-film solar modules, announced today
that Zane Rakes has been hired to serve as the Company’s Vice
President of Manufacturing Operations. Mr. Rakes brings over 16
years of experience in high volume manufacturing systems, inventory
management, manufacturing automation systems and global supply
chain management.
Ascent Solar President and CEO Farhad Moghadam stated, “Zane has
a proven track record of leadership in establishing and scaling up
high volume production facilities. Most recently Zane led the
construction, installation, start up and production ramp up of two
solar module factories with a total capacity of 474 megawatts while
completing the project on time and on budget. Zane brings the
experience, skills and contacts necessary to ramp up our production
from Fab 2 and evaluate potential expansion possibilities going
forward.”
Immediately prior to joining Ascent Solar, Mr. Rakes was
Director of Operations for Concentrated Solar Power and
Photovoltaics at SCHOTT Solar, Inc. Prior to SCHOTT Solar, Mr.
Rakes worked at Intel Corporation for over 15 years holding various
manufacturing positions. Most recently Mr. Rakes served as a plant
manager for Intel’s Colorado Springs, Colo. operations. Mr. Rakes
holds a B.S. in Business Administration from the University of
Phoenix.
“This is an exciting time and opportunity to become a part of
the Ascent Solar team as it begins its expansion and ramp up of its
high volume Fab 2 facility. Ascent Solar has a truly light weight
flexible unique thin-film technology that can transform the way
solar is used in many ways. I look forward to leading the
manufacturing expansion and technological optimization going
forward,” stated Mr. Rakes.
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.
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