Monday August 20, 2012 0 comments
THORNTON - Ascent Solar Technologies Inc. (Nasdaq: ASTI) today announced it has regained compliance with Nasdaq stock market listing rules that require maintaining a minimum $1 bid price.
The company said it received notification from Nasdaq on Aug. 17 after maintaining a closing bid of at least $1 for a minimum of 10 consecutive days.
Ascent had been in noncompliance with the rules since Oct. 13, 2011.
"We are extremely pleased to be back in regulatory compliance with the Nasdaq listing rules," said Victor Lee, Ascent's president and CEO.
"This is the first and an important milestone for me to achieve as a new CEO of Ascent as we continue to work towards regaining the trust and confidence from our shareholders, employees and vendors.
"The launch of our EnerPlex chargers is gaining strong momentum," Lee said. "We shall continue to maximize our potential to unfold the true value of Ascent Solar for all our shareholders."
For more information, visit www.ascentsolar.com.