Ascent Solar Technologies Announces EnerPlex Debut in China
THORNTON, Colo.--(BUSINESS WIRE)-- Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a manufacturer of consumer and off-grid products integrated with flexible thin-film photovoltaic modules (CIGS), announced today the official entry of the EnerPlexTM brand into the Chinese consumer market through Ascent's strategic partner, Shenzhen Radiant Enterprise Co., Ltd (www.sradiant.com), which has signed a distribution agreement with D.Phone (DiXinTong Inc.), one of China's largest retailers of mobile phones and accessories.
Founded in 1993, D.Phone is recognized as an industry leader in the mobile phones and accessories market. With over 1,300 stores across 25 provinces and municipalities in China, D.Phone has achieved superior market penetration throughout China, enabling EnerPlex products to quickly reach the hands of consumers throughout the country.
Victor Lee, Ascent Solar's President & CEO, announced, "D. Phone's proven history of bringing new and novel products to the Chinese market makes it the perfect company to introduce the revolutionary EnerPlex series of solar integrated products to a consumer base which has shown an endless appetite for innovative solutions."
Now available in China:
After receiving overwhelming interest in EnerPlex products at selected D.Phone pilot stores, the EnerPlex line will be available at D.Phone stores in four of the largest regions in China. This marks for another major milestone taking EnerPlex a step closer to a well recognized consumer brand globally. The EnerPlex product line has quickly changed the paradigm of solar-integrated consumer electronics, providing consumers with lightweight, powerful and extremely durable charging solutions for all their portable electronics.
Victor Lee, Ascent Solar's President & CEO, continued, "The expansion of our distribution network throughout China is an extremely exciting step in the continuing development of Ascent's consumer presence throughout the world. This partnership immediately brings EnerPlex products to storefronts across China, enabling several hundred millions of consumers to interact with our products for the first time."
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules with substrate materials that are more flexible, versatile and rugged than traditional solar panels. Ascent Solar modules can be directly integrated into consumer products and off-grid applications, as well as aerospace and building integrated applications. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.ascentsolar.com.
About D.Phone (DiXinTong Inc.):
D.Phone, headquartered in Zhenzhou, Henan Province, is the largest retailer of mobile phones and accessories in China. Founded in 1993, it currently has 1,300 stores, more than 800 directly owned and others franchise businesses, in 25 provinces and municipalities in China. For more information, go to www.dixintong.com.
About Shenzhen Radiant Enterprise Co., Ltd.:
Shenzhen Radiant Enterprise Co., Ltd. is a leader in developing, fabricating, and installing metal roofing and façade in China. Through several sister companies and subsidiaries, Shenzhen Radiant possess the infrastructure to all of China for distribution of many different goods including industrial products and consumer products. Shenzhen Radiant is headquartered in Shenzhen Free Trade Zone, China. For more information, go to www.sradiant.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 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.
Ascent Solar Technologies
Investor Relations Contact:
Brion D. Tanous, 310-541-6824
Ascent Solar Technologies
Justin R. Jacobs, 1-720-872-5194
KEYWORDS: United States Asia Pacific North America China Colorado
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