Ascent Solar Technologies Inc of Thornton,CO,USA,which manufactures thin-film photovoltaic modules based on copper indium gallium diselenide(CIGS)using flexible substrate materials,has regained compliance with the Nasdaq Stock Market Listing Rules that require maintenance of a minimum$1 bid price.
On 17 August,the firm received notification from The Nasdaq Listing Qualifications department that it had regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1)after maintaining a closing bid price equal to or in excess of$1 for a minimum of 10 consecutive trading days and that its noncompliance with that rule,as announced on 13 October 2011,had been rectified.
"This is the first and an important milestone for me to achieve as a new CEO of Ascent as we continue to work towards regaining the trust and confidence from our shareholders,employees and vendors,"says president&CEO Victor Lee."The launch of our EnerPlex chargers is gaining strong momentum,"he adds.
