Ascent Solar Technologies Expands EnerPlex Distribution into United Kingdom
& Ireland with West Coast Limited
THORNTON, Colo. -- July 11, 2013
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 company’s new distribution partnership with West
Coast Limited, one of the leading electronics distributors in the United
Kingdom and Ireland represented by PowerIT-2-Channel Ltd.
Founded in 1984 West Coast has become one of the leading distributors recently
eclipsing €1 billion in annual revenue. Over the past decade West Coast has
come to be the largest UK distributor for companies such as Hewlett Packard,
Samsung and Toshiba; further cementing its position as a premier electronics
distributor. Ascent’s relationship with West Coast will allow EnerPlex
products to quickly reach every corner of the United Kingdom and Ireland and
every consumer therein, utilizing West Coast’s robust and mature distribution
channels, establishing Ascent’s EnerPlex brand throughout.
Nick Amer, Business Development Director at West Coast, announced,
“Alternative power has become ever more popular, especially with the huge
growth in portable devices like smartphones &tablets, but in the past many
solutions have been very bulky and ineffective. Therefore we are very excited
to be partnering with Ascent Solar to bring their superbproducts to the UK
market, and helping to make depleted batteries a thing of the past.”
John Maslanik, Ascent’s Manager of Business Development, said, “This agreement
enables Ascent to leverage West Coast's considerable distribution capabilities
to reach nearly every consumer in the United Kingdom and Ireland via both
e-commerce, retail and direct channels, bringing Ascent's EnerPlex products to
market in force in an incredibly short period of time. Consumers in the UK and
Ireland have shown great interest in renewable energy products, a trend which
the EnerPlex series of products is perfectly situated to immediately benefit
from. Furthermore, this agreement represents a blueprint for Ascent's
expansion into new international markets, taking advantage of entrenched
distribution channels and relationships which enable rapid deployment of
EnerPlex products to an attractive target market.”
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.
Surfr^TM, a line of solar and battery integrated phone cases, allows users to
charge their phone anywhere and in cases of emergency. Kickr^TM, 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^TMline of portable batteries, consumers now have a complete,
integrated, solar charging and storage solution for life on the go.
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 West Coast:
West Coast Ltd distributes leading IT brands to a broad range of Resellers,
Retailers and Office Product Dealers in the United Kingdom and Ireland. With
over 25 years of experience in the market, and revenue in excess of £1bn, West
Coast has a proven record of bringing new and innovative products to market.
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
Press spacebar to pause and continue. Press esc to stop.