Ascent Solar: Senior Secured Convertible Notes Retired
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THORNTON, Colorado - 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 that the Company has fully retired it's senior secured convertible notes ("Notes"). The Company had previously announced on December 22, 2015 that the remaining principal balance of the Notes then were approximately $52,000.
"We are pleased to have completed the debt restructuring exercise that was announced back in September 2015," commented Victor Lee, President and CEO of Ascent Solar Technologies, Inc. "All our assets will be officially released by the note holder, which will give the Company more financial flexibility going forward."
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 www.goenerplex.com and www.ascentsolar.com.