We will update our shareholders as we make continued progress.”Īscent Solar Technologies, Inc., is a developer of thin-film photovoltaic modules using flexible substrate materials that are more versatile and rugged than traditional solar panels. We are optimistic and certainly look forward to stronger years ahead, as we begin to execute our focused strategy in the high-value PV market. Lee concluded, “We will build on the strength of our 2021 and first quarter of 2022, and continue to deliver improved results going forward. Despite setbacks caused by various challenges including the lack of financial resources and the impact of COVID-19 in 20, we have demonstrated great resiliency in getting back to regular production mode and have been current in our SEC filing status since May 2021,” continued Mr. “After being dormant for the most part of 2020, the Ascent team has been working tirelessly to restart and ramp up our operations, as well as to get caught up with the required SEC filings in 2021. Victor Lee, President and CEO of Ascent Solar Technologies, Inc. “I am pleased with the results, both financially and operationally,” said Mr. Notably, the Company continues to reduce its total liabilities, seeing an improvement of $7.5M, down from $16.3M in the first quarter of 2021, to $8.8M at the close of this reporting period. ![]()
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