18 June 2010


Ascent Solar shareholders elect 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 at its Annual Shareholder Meeting on 16 June in Westminster, CO, shareholders elected G. Thomas Marsh and Kim Huntley as well as current president & CEO Farhad Moghadam to the board, to serve until the 2013 annual meeting of stockholders.

“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,” said Moghadam at the time of their nomination at the end of April. 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 added.

Shareholders also approved the amendment and restatement of the company’s 2005 Stock Option Plan and 2008 Restricted Stock Plan. Also approved was the proposal to ratify the Audit Committee's appointment of Hein & Associates as Ascent Solar’s independent registered public accounting firm.

See related item:

Ascent Solar announces nomination of new board members

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