Ascent Solar Announces Leadership Team Promotions to Drive Strategic Growth
May 11 2023 - 04:00PM
GlobeNewswire Inc.
Ascent Solar Technologies, (Nasdaq: ASTI) (“ASTI” or the
“Company”), the leading U.S. innovator in the design and
manufacturing of featherweight, flexible, and durable CIGS
thin-film photovoltaic (PV) solutions, today announced several
leadership appointments to advance the Company’s strategic business
goals and position it for sustained value creation. The Company
announced the promotions of Jin Jo as Chief Financial Officer and
Bobby Gulati as Chief Operating Officer. These changes are
effective April 8, 2023.
“Ascent is fortunate to have a deep bench of
talented individuals that will help lead us forward as we
simultaneously pursue commercialization and R&D efforts,” said
Paul Warley, Chief Executive Officer. “These promotions support our
strategic goals and position the Company for sustainable growth
over the long-term. I have had the pleasure of working with Jin and
Bobby and have witnessed their talent and professionalism
firsthand. I want to congratulate them both on their promotions and
look forward to continuing to work with them closely to achieve
goals for the Company and its shareholders.”
Jin Jo joined Ascent in 2021 as the Finance
Controller. Ms. Jo has over 20 years of accounting experience,
including five years as the head of technical accounting and
accounting policies for Empower Retirement. She spent eight
years in public accounting with PwC and Deloitte serving large
global and middle market clients where she planned, executed, and
supervised audits. Ms. Jo also assisted with M&A transactions
as well as debt and equity offerings.
Bobby Gulati joined Ascent in 2010 as the
Director of Equipment Engineering and Chief Information Officer. He
possesses over 30 years of executive leadership experience in
engineering and manufacturing roles. Prior to joining the Company,
Mr. Gulati was the Director of Equipment Engineering for Twin
Creeks Technologies, an amorphous silicon solar manufacturing
company. From 2001 to 2010, he was the founder and President of
TriStar Systems, a producer of automated manufacturing and assembly
equipment for the solar, aerospace and disk drive industries. From
1992 to 2000, he was the founder and Chief Operating Officer for
NexStar Automation, an automated equipment manufacturer.
ABOUT ASCENT SOLAR TECHNOLOGIES, INC.
Backed by 20+ years of R&D, 17 years of
manufacturing experience, numerous awards, and a comprehensive IP
and patent portfolio, Ascent Solar Technologies, Inc. (ASTI) is a
leading provider of innovative, high-performance, flexible
thin-film solar panels for use in scenarios where traditional rigid
solar panels don’t work. Ascent’s photovoltaic (PV) modules have
been deployed on space missions, multiple airborne vehicles,
agrivoltaic installations, in industrial and commercial
construction, and in consumer goods, revolutionizing the use cases
and environments for solar power. Ascent Solar’s Headquarters &
Perovskite Manufacturing Center of Excellence are located in
Thornton, Colorado and Ascent’s 15MW manufacturing facility is
located in Zurich, Switzerland. To learn more, please
visit https://www.ascentsolar.com. Follow Ascent Solar on
Twitter and LinkedIn.
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. No information in this press release should be
construed as any indication whatsoever of our future revenues,
stock price, or results of operations. 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.
MEDIA CONTACTSpencer HerrmannFischTank
PRascent@fischtankpr.comINVESTOR CONTACTJames
MastersVallum Advisorsir@ascentsolar.com
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