Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of
state-of-the-art, flexible thin-film photovoltaic modules, announced
today it has launched a charger for the Apple® (NASDAQ:AAPL)
iPhone® * 4/4S smart phone featuring Ascent’s ultra light
CIGS technology. Branded under Ascent’s new EnerPlexTM
line of consumer products, the charger incorporates the company’s solar
cells into a sleek, protective iPhone 4/4S case, along with a thin
battery. The charger adds minimal weight and size to an iPhone smart
phone, yet provides significantly improved battery life by harnessing
sunlight for electric power.
The first product in a forthcoming line of smart phone chargers from
Ascent Solar, the EnerPlex product is designed specifically for
the Apple iPhone. Ascent plans to introduce similar chargers for other
smart phones, including the newly launched Samsung® Galaxy S®
III*, in the near future.
Ascent Solar’s President and CEO, Victor Lee, said “The EnerPlex
charger is the first protective iPhone case to leverage the lightweight
qualities and superior aesthetics of our CIGS solar technology. It will
extend the usage time of iPhone smart phones while preserving the high
level of design quality that consumers demand. Apple customers can now
incorporate green technology into their everyday life, improving the
performance of their smart phone without compromising style.”
Lee continued, “The growth of the smart phone market has been tremendous
and is expected to continue for several years to come. Apple has sold
over 175 million iPhone smart phones. Samsung is introducing new
products in a competitive market where the number of smart phones in use
globally is expected to reach 1 billion in the next 4 years. 144 million
smart phones were sold globally in the first quarter of this year alone.
Ascent’s EnerPlex line is focused on providing millions of smart
phone customers with a product that prolongs battery life, increases
mobility and allows them to be ‘green’, all without adding significant
size or weight to the phone.”
Working with strategic partners, including China-based TFG Radiant
Investment Group Ltd, the company plans to ship EnerPlex chargers
to customers and partners in Asia within weeks. Ascent’s partners have
already begun receiving purchase orders for this product for shipments
beginning in the third quarter. Global shipments will follow in the
fourth calendar quarter of this year.
The EnerPlex charger will be available for review at Intersolar
Europe 2012, the world’s largest solar technology trade show, from June
13 - June 15. Ascent Solar’s booth will be located in Hall A1, booth
556. EnerPlex product information can be found at: www.ascentsolar.com/enerplex.
About Ascent Solar Technologies, Inc.
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic
modules using flexible substrate materials that can transform the way
solar power generation integrates into everyday life. Ascent
Solar modules, which were named one of TIME Magazine's
50 best inventions for 2011, can be directly incorporated into standard
building materials, commercial transportation, automotive solutions,
space applications, consumer electronics for portable power and durable
off-grid solutions. More information can be found at www.ascentsolar.com.
About TFG Radiant Investment Group Ltd
TFG Radiant Group is a joint venture of Radiant Group (www.sradiant.com),
a Chinese conglomerate in construction and real estate, and Tertius
Financial Group, a private investment firm based in Singapore. The
Group, with more than 3,000 personnel, operates various businesses
across China, Indonesia, Singapore and Malaysia, including in metal
roofing and facades, import/export trading, real estate investment,
project management and consultation, new-energy development,
manufacturing and distribution and gold mining.
* Apple and iPhone are registered trademarks of Apple Inc.
Samsung and Galaxy S are registered trademarks of Samsung Electronics
Samsung Galaxy is a trademark of Samsung Electronics Co., Ltd.
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.