WestPark Capital Announces the Closing of $35,000,000 Financing For Ascent Solar Technologies, Inc.

LOS ANGELES, CA, United States, via ETELIGIS INC., 12/02/2014 – – WestPark Capital today announced it had closed a $35,000,000 financing for Ascent Solar Technologies. (NASDAQ: ASTI). WestPark Capital acted as sole Placement Agent for the Company in the transaction. Proceeds will be used to fund Ascent Solar’s continued operations and expansion of its retail channels for its EnerPlex products in the US, Europe and Asia, brand building, as well as the launch of additional EnerPlex products.

About Ascent Solar Technologies:

Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible substrate materials that can transform the way solar power generation integrates into everyday life. Ascent Solar modules, which were named one of TIME Magazine’s 50 best inventions for 2011, can be directly incorporated into standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. More information can be found at http://www.ascentsolar.com and www.goenerplex.com.

About WestPark Capital:

WestPark Capital is a full-service investment bank focused on emerging growth sectors such as healthcare, software, technology, biotechnology, financial services, manufacturing, consumer products, media and telecom, among other categories. WestPark provides a comprehensive range of corporate finance services, including initial public offerings, follow-on offerings, private placements, SIPOs and corporate finance advisory services. Additional information about WestPark Capital, Inc. is available at info .

CONTACT:

Richard Rappaport, CEO

(310) 843-9300

SOURCE: WestPark Capital, Inc.

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