SOURCE: Ascent Solar Technologies

Ascent Solar Technologies

May 02, 2016 06:00 ET

EnerPlex Doubles Retail Footprint in Verizon Wireless Premium Retail Stores, Adding Over 550 Stores via Partnership With GoWireless, One of the Largest Verizon Authorized Retailers - Expanding Total Presence Beyond 1000 Stores Nationwide

THORNTON, CO--(Marketwired - May 2, 2016) - Ascent Solar Technologies, Inc. (OTCQB: 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 today the Company has secured a new partnership with GoWireless Inc ("GoWireless"), one of the Nation's largest Verizon Authorized Retailers, to carry the EnerPlex line of mobility power products in the retailer's 553 stores.

EnerPlex partnership with GoWireless:

  • Secures EnerPlex product placement in 553 GoWireless stores

  • Expands EnerPlex penetration of the Verizon Authorized Retailer market beyond 1000 stores nationwide

Founded in 1995, GoWireless has rapidly expanded its nationwide presence; offering focused and dedicated service to its customers. With a diverse team made up of leaders in the wireless, telecommunications, financial and Internet industries, GoWireless has established themselves as a leading American telecom retailer.

Anthony Brewer, Telecom Channel Sales Manager for EnerPlex, said, "The telecommunications retail channel is one which holds tremendous opportunity for EnerPlex; partnering with a proven leader, like GoWireless, in the retail telecommunications industry reinforces the success of our strategy and performance in this channel."

Rafael Gutierrez, SVP & COO of Ascent Solar and EnerPlex, said, "Our progress with Verizon Authorized Retailers has quickly built a strong revenue baseline for our consumer business; and is a channel which we expect to see strong revenue acceleration in the second half of 2016 and beyond. Over the last 12 months we have validated success with Verizon Wireless Premium Retail Partners, growing from 300 original stores to nearly 500 by Q1 2016; the addition of GoWireless and their 553 stores is further proof of our growth acceleration, both in storefront and revenue."

About Ascent Solar Technologies:

Ascent Solar Technologies, Inc. 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.goenerplex.com, www.ascentsolar.com.

About GoWireless Inc

GoWireless Inc was founded in southern California in 1995. Headquartered in Las Vegas, Nevada GoWireless currently owns and operates over 550 Verizon Wireless Premium retail stores in 25 states. GoWireless has established itself as an industry leader by focusing on customer loyalty and offering an array of the most popular products and services. You can learn more about the company at www.gowireless.com.

Forward-Looking Statements:

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.

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