Ascent Solar Adds to Board [Professional Services Close - Up]
(Professional Services Close - Up Via Acquire Media NewsEdge) Ascent Solar Technologies, Inc., a developer of thin-film photovoltaic modules, announced it appointed Xu Biao as a member of its Board of Directors.
In a release on April 16, Ascent Solar said Xu (Winston Xu) is the founder and Chairman of Radiant Group, a metal roofing contractor and provider of building materials based in China. Xu is also the Chairman of TFG Radiant Investment Group, the single largest shareholder of Ascent Solar. Xu has more than 15 years of experience in various areas of business including investments, operations of business start-ups, developments, turnarounds, and private equity investments. As a Fellow member of Chartered Institute of Building (CIOB), Xu is an industry expert in the areas of metallic roofing design and construction, building materials, manufacturing, and international trading.
"We are pleased to welcome Winston to the Board of Directors and look forward to leveraging his rooftop construction expertise in East Asia. Winston brings a wealth of experience related to international trade, construction and renewable power generation," said Victor Lee, Ascent Solar President and CEO.
Along with the appointment of Xu to the Board of Directors, Ascent Solar will intensify its pursuit of market opportunities, including re-entrance into the BIPV and BAPV sectors which was delayed in March, 2011.
"Mr. Xu will play a key role in our immediate plan to re-enter the BIPV and BAPV sectors. As those sectors continue to develop, Mr. Xu's experience and relationships in the rapidly growing Chinese market will be invaluable," said Dr. Amit Kumar, Chairman of Ascent Solar.
"Ascent Solar's technology enables light and flexible PV products with applications in multiple markets, including BIPV, BAPV and consumer electronics. Near term, there are many opportunities to develop products in the consumer electronics market, especially in Asia. I am looking forward to helping guide Ascent into those markets as well as the BIPV and BAPV sectors," said Xu.
Xu has been appointed a Class 3 director for Ascent Solar, and he stands for election at the Company's 2012 annual meeting. Xu was appointed to the Board as the designee of TFG Radiant pursuant to the Stockholders' Agreement between the Company and TFG Radiant.
Ascent Solar is located in Thornton, Colo.
((Comments on this story may be sent to firstname.lastname@example.org))
(c) 2012 ProQuest Information and Learning Company; All Rights Reserved.
[ Back To TMCnet.com's Homepage ]