Ascent Solar: Agreement to Redeem Convertible Secured Notes

Ascent Solar Technologies kauft eine Anleihe zurück, um die Schuldenlast zu verringern. Wir veröffentlichen die Mitteilung der Dünnschichtphotovoltaik-Spezialistin aus den USA dazu im Wortlaut.

Die untenstehende Meldung ist eine Original-Meldung des Unternehmens. Sie ist nicht von der bearbeitet. Die presserechtliche Verantwortlichkeit liegt bei dem meldenden Unternehmen.

THORNTON, Colorado - Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV) solutions, announced that the Company has entered into an agreement (the "Agreement") with its secured note holder ("Holder") to fully redeem the outstanding convertible secured notes ("Secured Notes").

Pursuant to the Agreement, the Company agrees to redeem for cash all outstanding Secured Notes of the Company held by the Holder no later than September 1, 2017. As of the date of the Agreement on May 5, 2017, the current balance of owed principal and accrued and unpaid interest to the Holder is $1,777,191.64. Other terms are detailed in the corresponding 8K.

The President and CEO of Ascent Solar, Mr. Victor Lee, said, "The purpose of the redemption is to strengthen our balance sheet and finance ongoing operations through equity rather than debt." Mr. Lee continued, "Referencing our press release made yesterday, pursuant to the Securities Purchase Agreement with the Hong Kong Boone Group dated February 8, 2017, we are very pleased with the Boone Group's current and continuing funding commitment to Ascent Solar, which we expect will be a primary source for enabling full redemption of the Secured Notes."

About Ascent Solar Technologies
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible plastic substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules, which were named one of TIME Magazine's 50 best inventions for 2011, can be directly integrated into consumer products and off-grid applications, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to
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