News Press Releases

Ascent Solar Technologies Appoints MKRAK Management Inc. as Canadian Distributor

ASTI | February 26, 2013

Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the new EnerPlex^TMline of consumer products, announced today the appointment of MKRAK Management Inc. as the company’s exclusive distributor to golf pro-shops and select retail stores in the Canadian market.

Surfr for the iPhone 4 (Photo: Business Wire)

The EnerPlex Surfr^TM product line is the first series of protective phone cases to leverage the lightweight qualities and superior aesthetics of Ascent Solar’s CIGS solar technology. It extends the battery life of either the Apple iPhone 4^® or Samsung Galaxy S III^® while preserving the high level of design quality that consumers demand. Consumers can now incorporate green technology into their everyday life, improving the performance of their smart phone without compromising style.

More information on the entire EnerPlex line can be found at www.goenerplex.com.

Mr. Rob Roche, Ascent’s Vice-President of Sales & Marketing said, “Golfers today use their smart phones for a wide range of applications such as GPS, Swing Analysis and filming; yet there is no convenient source of power on the golf course to charge their phones when their batteries run out. EnerPlex products provide that guaranteed power source at all times. Cementing EnerPlex’s position in the golf market was the inclusion of the EnerPlex Surfr in Golf Digest as one of the Top Ten items golfers need today.”

Mr. Roche went on to say, “The Canadian golf market is an important segment for Ascent Solar to pursue and we have found the perfect partner for this market entry with MKRAK Management. MKRAK Management has proven itself in bringing new and technologically advanced products into the Canadian golf market.” With its extensive experience with distribution in the golf industry, MKRAK Management will be responsible for growing Ascent’s presence in the Canadian marketplace and will focus on establishing the EnerPlex brand in various national retailers and pro shops.

Mr. Mark Krakower, President & CEO of MKRAK Management said, “We are very excited about working with Ascent. Ascent Solar’s line of products is revolutionary and will fill the void that golfers must fill today when they are on the golf course or on the range and their smart phones need power suddenly, but none is available. The EnerPlex line of products will become an integral part of the golfer’s equipment that they won’t go to the course or the practice range without.”

About Ascent Solar Technologies

Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible substrate materials that can transform the way solar power generation integrates into everyday life. Ascent Solar’s technology, which was named one of TIME Magazine's 50 best inventions for 2011, can be directly incorporated into standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. More information can be found at www.ascentsolar.com or www.goenenerplex.com.

About MKRAK Management Inc.

MKRAK Management Inc. was established with the vision of helping all golfers enjoy the game of golf by providing leading-edge equipment, training aids and accessories to the Canadian marketplace. Backed by a team of professionals with over 30 years experience in sales, marketing and distribution, MKRAK Management provides manufacturers who desire to distribute their products in Canada with a complete one-stop solution.

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. 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.