Brief: Ascent Solar Technologies Inc. Announces First Step Of Strategic Plan Executes Term Sheet For Acquisition Of Assets From Leading European Thin-Film Solar Manufacturer

Ascent Solar Technologies

07/03/2023 13:25

March 7 (Reuters) - Ascent Solar Technologies Inc
 ASTI.O :
    * ASCENT SOLAR TECHNOLOGIES, INC. ANNOUNCES FIRST STEP OF
STRATEGIC PLAN; EXECUTES TERM SHEET FOR ACQUISITION OF ASSETS
FROM LEADING EUROPEAN THIN-FILM SOLAR MANUFACTURER
    * ASCENT SOLAR TECHNOLOGIES, INC. ANNOUNCES FIRST STEP OF
STRATEGIC PLAN; EXECUTES TERM SHEET FOR ACQUISITION OF ASSETS
FROM LEADING EUROPEAN THIN-FILM SOLAR MANUFACTURER
    * ASCENT SOLAR TECHNOLOGIES INC - UNDER TERMS OF TERM SHEET,
WILL
PAY USD $5 MILLION CASH FOR THE ACQUIRED ASSETS AND THE IP
LICENSE
    * ASCENT SOLAR TECHNOLOGIES - UPON COMPLETION OF
TRANSACTION,
MANAGEMENT ANTICIPATES EBITDA-POSITIVE OPERATIONS OF ACQUIRED
ASSETS AS EARLY AS H2 2023

Source text for Eikon:  ID:nGNX1VjbNj 
Further company coverage:  ASTI.O 

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