THORNTON, CO, Sept. 27, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Ascent Solar Technologies, Inc. (“Ascent Solar”, “Ascent” or the “Company”) (NASDAQ:ASTI), a developer and manufacturer of state-of-the-art, lightweight, flexible thin-film photovoltaic (PV) solutions, announced today that the Company has named Jeffrey Max as Ascent Solar’s new Chief Executive Officer.
As part of Ascent’s ongoing leadership transition, Jeffrey Max, a seasoned technology CEO with more than three decades of experience in scaling technology organizations, has succeeded Victor Lee as the Company’s CEO, effective immediately.
David Peterson, the newly appointed board chair of the Company stated, “It is a privilege to welcome Jeff as our new CEO. He is a proven business leader with a wealth of knowledge and experience in building technology companies and advancing their market positions internationally. As we continue our transition as a newly listed company on Nasdaq, Ascent will benefit greatly from Jeff’s leadership.
“In addition to his extensive background as a CEO, serial entrepreneur and technology investor, Jeff has been a disruptive innovator in today’s evolving space industry. While Jeff understands the space and near space opportunities in front of us, we expect he will also be able to develop other verticals for Ascent’s PV solutions, such as agrivoltaics and sustainably powered infrastructure.”
Mr. Max stated, “Ascent has an incredible group of engineers, led by an incredible innovator and thought leader in PV technologies — Dr. Joe Armstrong. This team, along with the committed dedication of Ascent’s previous leadership, has laid a strong foundation that allows me to integrate a mission-driven, industrial scale culture with the incredible experience and expertise of the Ascent team. This team has the innovation, execution and performance bona fides to ‘meet the moment’ with transformative solutions across a broad range of industries, from agriculture to deep-space missions.”
