SOURCE: Ascent Solar Technologies

Ascent Solar Technologies

Ascent Solar Technologies

Ascent Solar Technologies

April 13, 2016 06:00 ET

EnerPlex Reaches Exclusive Agreement With KOMSA Kommunikation Sachsen AG, One of Germany's Largest Distributors

THORNTON, CO--(Marketwired - Apr 13, 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 completed an agreement for the exclusive distribution of EnerPlex products within Germany with KOMSA, the Hartmannsdorf, Germany based distributor.

"The German market is a natural forward step for European growth, particularly considering the success of our presence in the United Kingdom. Germany presents an exciting opportunity for revenue growth; and our partnership with KOMSA, a well-known and entrenched distributor in the region, will help EnerPlex quickly penetrate both physical as well as e-tail channels." said Rafael Gutierrez, SVP & COO of Ascent Solar & EnerPlex.

EnerPlex and KOMSA discuss the opportunities afforded by the new partnership:

Bianca Brinker, representing EnerPlex in Europe, said, "EnerPlex is determined to further expand its presence in the German market and the brand's status as a technology leader. With KOMSA as a strong distribution partner, we are confident in achieving this goal. KOMSA is one of the leading distributors in the Mobile, Outdoor and Sporting markets-and attaches great importance to partner support and training. KOMSA's focus on offering a solutions-based product portfolio, their industry leading service and forward-looking alignment makes KOMSA a true value-added distributor for EnerPlex for our story of collect it -- store it -- use it.

Anja Kratzer, Unit Manager for KOMSA, speaking of the new partnership, "EnerPlex complements our portfolio with high-quality solutions in the field of 'Mobile Power Management'. Through their extensive product offering, we can provide our partners with unique and high performance products; whether a classic power bank, high-quality solar products or innovative accessories, EnerPlex's portfolio provides the most suitable products for our partner's customers."

Speaking of further European expansion, Mr. Gutierrez commented, "The signing of KOMSA is the first step in our strategy to capitalize on the opportunity presented in Central and Southern Europe, over half of Germans own smartphones, along with a similar percentage for the citizens of France, Italy and Spain. We see the European market as underserved in regards to Mobility Power across all three product verticals EnerPlex manufactures: Mobile, Outdoor and Emergency."

About Ascent Solar Technologies and EnerPlex:

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. EnerPlex is the Company's brand of consumer products and is a division of Ascent Solar. Ascent Solar and EnerPlex are headquartered in Thornton, Colorado. For more information, go to www.goenerplex.com and www.ascentsolar.com.

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About KOMSA (www.komsa.de)

KOMSA Kommunikation Sachsen AG is a leading provider of the ICT industry in Europe. KOMSA specializes in the core areas of distribution, integrated services and repair service and is business partner of all renowned manufacturers and network operators in this sector. For Trading partners the company provides products and solutions from a single source, and industry partners a channel-specific sales of their goods and the acquisition of related services. KOMSA is also a Value Added Distributor in the sector Outdoor & Sport. As KOMSA Group with our specialized subsidiaries, we serve more than 10,000 resellers, including more than 4,500 specialist dealers and system houses.

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.

EnerPlex has quickly changed the paradigm of consumer electronics, providing consumers with lightweight, powerful, solar integrated charging solutions for all their portable electronics. Surfr™, a line of solar and battery integrated phone cases, allows users to charge their phone anywhere and in cases of emergency. Kickr™, a line of portable solar chargers, provides a charging solution for most USB enabled devices enabling power to be generated almost anywhere and in nearly every situation, perfect for emergency preparedness. With the addition of the Jumpr™ line of portable batteries, consumers now have a complete, integrated, solar charging and storage solution for life on the go.

Contact Information

  • Ascent Solar Technologies Contacts

    Investor and Media Relations
    PCG Advisory Group

    Investor Relations:
    Adam Holdsworth
    adamh@pcgadvisory.com
    646-862-4607

    Media Relations:
    Sean Leous
    sleous@pcgadvisory.com
    646-863-8998