Ascent Solar Technologies, Inc. (Nasdaq: ASTI) today announced that the two post-effective amendments it filed last week have been declared effective by the Securities and Exchange Commission. As a result, the exercise of Ascent Solar's outstanding Class B warrants may now resume. Matthew Foster, Ascent Solar's President and Chief Executive Officer, stated: "We are pleased that the post-effective amendments have been declared effective, and we expect that the conversion from 'long form' registrations on Form SB-2 into 'short form' registrations on Form S-3 will result in additional cost savings in the future." Ascent Solar had filed with the Securities and Exchange Commission post-effective amendments to two Form SB-2 registration statements that covered, among other things, the shares of common stock issuable upon exercise of outstanding Class B warrants. The filings did not register additional securities for sale by Ascent Solar, but were intended solely to convert existing registrations on Form SB-2 into less burdensome and less costly registrations on Form S-3.
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of state-of-the-art, thin-film photovoltaic 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.
Ascent Solar Technologies, Inc.
Investor Relations Contact:
Brian Blackman, 832-515-0928
bblackman@ascentsolar.com
or
Media Contact:
Brand Fortified Public Relations
Kelly Brandner, 303-289-4303
kellybrandner@msn.com