AKC News Ascent Solar Announces Resignation of Director
LITTLETON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc., (NASDAQ:ASTI) (BSX:AKC) announced today
that Mark Waller resigned from its Board of Directors effective November
30, 2006. The company will immediately begin a search for a candidate to
fill the vacant Board position.
In his letter of resignation, Mark Waller stated, “It
has been a real pleasure to serve as a Director on the Ascent Solar
Board and I am certain the company will continue to make great strides
forward. Unfortunately, my position as a member of the Ascent Solar
Board has become too restrictive and potentially conflicting with my
principal business as a financial advisor to other companies
particularly within the energy sector. I feel it is appropriate for me
to depart at this time so that I can more freely pursue opportunities
within the exciting and growing field of energy.”
Ascent Solar plans to use Mr. Waller’s
services from time to time on a consulting basis.
Ascent Solar President and CEO Matthew Foster stated, “We
are saddened by Mark’s departure, but we also
understand his decision and commend his integrity and high standards of
business conduct. Mark has been an invaluable resource who has served
Ascent Solar in exceptional fashion from its very beginnings. He will be
greatly missed as a director, but we look forward to retaining him as a
consultant to the company.”
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of state-of-the-art,
thin-film photovoltaic materials and modules and is located in
Littleton, Colorado. Please visit our website for additional information
at www.ascentsolar.com.
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 expresses 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 Securities and Exchange Commission.
