Friday, December 27, 2013:  Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of flexible CIGS solar panels integrated with consumer and off-grid products, announced today that Bill Gregorak has been appointed Chief Financial Officer at the Thornton, Colo., based solar panel manufacturer. <br /><br />Mr. Gregorak brings a strong background in public company financial reporting, internal controls as well as mergers and acquisitions to Ascent Solar. Prior to joining Ascent Solar, Mr. Gregorak served as Vice President and CFO of Thule Organized Solutions, a consumer products manufacturer of personal electronics cases sold under both the Case Logic® and Thule® brands, from 2008-2013, overseeing organizations in the United States, Europe and Hong Kong.<br /><br />Mr. Victor Lee, CEO of Ascent Solar, said, “We are delighted to welcome Bill to our executive team. He brings extensive experience in both technology and consumer products businesses with highly respected companies. His background in larger organizations, especially in the consumer oriented businesses, will be invaluable as Ascent Solar executes its B2C expansion strategies.”<br /><br />Mr. Gregorak said, "I am thrilled to be joining Ascent Solar as momentum is clearly building across the business. I look forward to working with the Ascent Solar team and continue that momentum.”<br /><br />Before Thule, Mr. Gregorak was the Vice President and corporate controller for Advanced Energy and Xilinx Corporations, both of which currently trade on the NASDAQ. Advanced Energy is a manufacturer of semiconductor equipment with operations in both the United States and China, while Xilinx is a manufacturer of semiconductors with operations spanning the United States, Ireland and Singapore. Prior to 2000, Mr. Gregorak spent 17 years with Hewlett-Packard in various financial and operational capacities. Mr. Gregorak holds a Bachelor’s degree in Economics from the University of Washington. 