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05/19/2008 06:43 AM

Ascent Solar Prices Public Offering

SustainableBusiness.com News

Ascent Solar Technologies (Nasdaq: ASTI) has priced a public offering of 3,800,000 shares of its common stock for $14.00.

Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules and is located in Littleton, Colorado.

Ascent Solar intends to use the net proceeds from the offering for the design, purchase, installation, qualification and testing of production tools for approximately 30 megawatts (MW) of rated capacity for the production of thin-film photovoltaic modules, and for general corporate purposes.

J.P. Morgan Securities Inc. is serving as managing lead underwriter of the offering. Cowen and Company, LLC, Jefferies & Company, Inc. and Merriman Curhan Ford & Co. are serving as co-managers of the offering. The offering is being made solely by means of a prospectus.

Recent Coverage:

• Ascent Solar Partners With Another European Roofing Materials Company
• Norwegian Hydro Increases Stake in Ascent Solar

Website: http://www.ascentsolar.com/

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