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Superlight Solar, Crowdex, the Parabolic Run on Ascent Solar Technologies, Inc. (OTCMKTS: ASTI)

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Ascent Solar Technologies, Inc. (OTCMKTS: ASTI) is making a powerful run up the charts in recent week as the Company completes a change of control with Bernd Förtsch’s Crowdex becoming majority shareholder of ASTI.  Since taking control Bernd Fortsch, a well-known German entrepreneur worth hundreds of millions of euros has brought on a top level management team of major international executives including Michael Gilbreth as CFO and Will Clarke as class 2 director. The Company is getting their filings in order looking to up list to fully reporting.

Microcapdaily has been reporting on ASTi for years noting back in 2016 shortly after the Company had been delisted by NASDAQ: ‘OTC speculators love ex big board stocks for their ready liquidity and proven ability to make spectacular moves once on the bb’s and ASTI certainly has potential; this is a company that manufactures battery and solar integrated phone cases designed for Apple and Samsung smartphones that recently announced record revenues as well as a major breakthrough in power-to-weight ratio for its superlight solar modules.”

Ascent Solar Technologies, Inc. (OTCMKTS: ASTI) operating out of Thornton, Ontario, an ISO 9001-2015 certified company is a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV) modules using flexible substrate materials that are more versatile and rugged than traditional solar panels.  Ascent Solar modules were named as one of the top 100 technologies in both 2010 and 2015 by R&D Magazine, and one of TIME Magazine’s 50 best inventions for 2011. The technology represents the cutting edge of flexible power and can be directly integrated into consumer products and off-grid applications, as well as other aerospace applications. Ascent Solar  owns a valuable patent portfolio including over 80 granted and pending patents.

The big story on ASTI is the recent change of control via the Crowdex transaction described in 8k’s filed 12/04 and 12/28 whereby Crowdex became majority owner of ASTI. Bernd Förtsch whose net worth is several hundred million Euros is 100% ownder of Crowdex making him the majority shareholder in ASTI. Bernd Förtsch is a German entrepreneur and publisher. He is the founder and owner of the Kulmbach- based Börsenmedien AG, which publishes, among other things, the stock exchange and financial magazines The Shareholder and The Investor. In addition, Bernd Förtsch is founder and owner of Aktionär TV AG and founder of the online broker flatex . Förtsch achieved notoriety above all in the context of the stock market euphoria of the Neuer Markt.  Mr. Förtsch is 60,3% owner of TubeSolar AG and he holds stakes in Companies such as BF Holding GmbH, Deposit Solutions GmbH, Flatex AG, the biggest online broker in Europe, valued at 1.2 billion Euros, Flatex Bank AG, Börsenmedien AG, Coreo AG, Fintech Group AG and many more.

ASTI’s award winning thin-film CIGS solar modulest are more flexible, versatile and rugged than traditional solar panels. They use plastic as their substrate rather than glass that’s used by tradition rooftop solar panels. The Company diversified into consumer goods as they could not compete with the low-cost Chinese solar panels in the traditional electricity generating segment.

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ASTI

Ascent SOLAR :::::::::Ascent has achieved a major breakthrough in power-to-weight ratio for its superlight solar module, delivering over 1700 watts of power per kilogram, operating at AM0, technically known as the space environment. At this performance, Ascent’s superlight module would weigh 66% less than a comparable PV system using the highest-quality crystalline silicon and with far less design complexity. The elimination of two-thirds of the weight is a critical improvement for satellites, space vehicles and space stations. For space and near-space applications, power-to-weight ratio is a key performance metric. In addition to simplicity, the Company’s modules could dramatically impact cost. Depending on the application, such as low earth orbit all the way to manned flights, including contemplated missions to Mars, the fully burdened cost can be anywhere from thousands of dollars to $1 Million per pound for a space launch. By creating this superior module with the best power-to-weight ratio of any available product, Ascent has enabled entrance into the rapidly growing space and near space markets.

On December 7 ASTI announced new Board of Directors composition and Chief Financial Officer. The Company appointed David Peterson as a Class 3 director to be effective as of December 10, 2020. Mr. Peterson is currently the Manager of Crowdex Investment. Crowdex is the Company’s controlling stockholder through its holdings of the recently issued shares of Series 1A Preferred Stock pursuant to Form 8-K filing on September 30, 2020. ASTI  also appointed high level executive Will Clarke as director. Previously, Will directed turnaround initiatives for Best Buy managing a team in procuring material to update 1400 stores and facilities which improved the customer experience and spun negative sales into growth. The whole Board of Directors going forward will have five members comprised of Dr. Amit Kumar, Chairman of the Board, Kim Huntley and Will Clarke as the independent directors, and Victor Lee and Dave Peterson serving as Class 3 directors.

ASTI CEO Victor Lee also brought Michael Gilbreth on board to serve as the Chief Financial Officer of the Company effective October 5, 2020. Mr. Lee continues to serve as Chief Executive Officer and a director of the Company.

ASTI CEO Victor Lee stated: “We will continue our reorganization effort and strengthen our balance sheet and streamline our business model to focus on our core strength in the Tier-1 specialty PV markets with high entry barriers like the space and near-space, aviation (drones), military, 1st Responders and emergency power markets. Great progress has been made in the space and near-space, defense and emergency power market in 2020 despite an extraordinarily difficult year. We are optimistic and look forward to stronger years ahead, as our high-value PV market focus begins to take shape. We look forward to updating our shareholders as we make continued progress.”

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ASTI is making a powerful run up the charts in recent week as the Company completes a change of control with Bernd Förtsch’s Crowdex becoming majority shareholder of ASTI.  Since taking control Bernd Fortsch, a well-known German entrepreneur and leader in the European solar space worth hundreds of millions of euros has brought on a top level management team of major international executives including Michael Gilbreth as CFO and Will Clarke as class 2 director. The Company is getting their filings in order looking to up list to fully reporting. Microcapdaily has been reporting on ASTi for years noting back in 2016 shortly after the Company had been delisted by NASDAQ: ‘OTC speculators love ex big board stocks for their ready liquidity and proven ability to make spectacular moves once on the bb’s and ASTI certainly has potential; this is a company that manufactures battery and solar integrated phone cases designed for Apple and Samsung smartphones that recently announced record revenues as well as a major breakthrough in power-to-weight ratio for its superlight solar modules.” Ascent Solar modules were named as one of the top 100 technologies in both 2010 and 2015 by R&D Magazine, and one of TIME Magazine’s 50 best inventions for 2011. The technology represents the cutting edge of flexible power and can be directly integrated into consumer products and off-grid applications, as well as other aerospace applications. Last year the US Department of Energy (DOE) used Ascent Solar modules for two exclusive development projects. Things are looking up for Ascent as Tesla looks to Solar to power its new gigafactory. We will be updating on ASTI as events unfold so make sure you are subscribed to Microcapdaily so you know what is going on with ASTI.

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Disclosure: we hold no position in ASTI either long or short and we have not been compensated for this article.

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