30 April 2010


Ascent Solar announces nomination of new board members

Ascent Solar Technologies Inc of Thornton, CO, USA, which manufactures flexible thin-film photovoltaic modules based on copper indium gallium diselenide (CIGS), says that Kim J. Huntley and G. Thomas Marsh have been nominated for election to its board of directors. Huntley and Marsh, together with president & CEO Farhad Moghadam, will stand for election at the firm's Annual Meeting in Westminster, CO on 16 June.

“Huntley and Marsh add invaluable experience and knowledge to Ascent Solar that support our strategy and enhance our ability to capture high-value defense, near-space and space market opportunities,” says Moghadam. Both have a critical understanding of procurement cycling and design integration in defense and space markets that should provide opportunities in these specialty market segments, he adds.

Huntley served in the Defense Logistics Agency (DLA) of the US Department of Defense (DOD) for more than 32 years in positions of increasing responsibility. Most recently, from July 2008 until his retirement this January, he was director of the Defense Energy Support Center (DESC) in Fort Belvoir, VI, which operates as part of the DLA and is responsible for providing energy solutions to the DOD and federal civilian agencies. As director, Huntley was the principal executive officer in charge of about 1100 staff and over $25bn in annual appropriations involving energy infrastructure and products.

From March 2006 and immediately prior to becoming director of the DESC, Huntley served in leadership roles involving supply chain management, including deputy commander for the Defense Supply Center in Richmond, VI and Columbus, OH, and as executive director of Customer Support and Readiness. From December 2003 to March 2006, Huntley was chief of the Customer Support Office in Fort Belvoir. From January 2009 to January 2010, he chaired the Inter Agency Working Group for Alternative Fuels and Renewable Energy, which included senior energy representatives from DOD, DOE, EPA, and other major Federal Agencies.

Huntley would bring to Ascent Solar’s board extensive supply chain, budget and defense industry experience, comments Moghadam.

Marsh retired in June 2006 as executive VP of Lockheed Martin Corp subsidiary Lockheed Martin Space Systems Company, which designs, develops, tests, manufactures and operates advanced-technology systems, including human space flight systems, satellites and instruments, space observatories and interplanetary spacecraft, laser radar, fleet ballistic missiles, and missile defense systems. From 1969 until its merger in 1995 to form Lockheed Martin Corp, Marsh worked at Martin Marietta Corp, most recently as president, Manned Space Systems. After 1995, he held positions at Lockheed Martin including president & general manager of the Missiles and Space Operations business unit from 2002 until his appointment as executive VP of Lockheed Martin Space Systems in 2003. Marsh was responsible for business operations and the activities of about 18,000 Space Systems staff. He has also served on the board of directors of ION Geophysical Corp since December 2008.

Marsh would bring to Ascent Solar's board a background in executive management and deep experience with the space and defense industries, comments Moghadam.

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