Ascent Solar Technologies announced several leadership appointments to advance the Company's strategic business goals and position it for sustained value creation. The Company announced the promotions of Bobby Gulati as Chief Operating Officer. These changes are effective April 8, 2023.

Bobby Gulati joined Ascent in 2010 as the Director of Equipment Engineering and Chief Information Officer. He possesses over 30 years of executive leadership experience in engineering and manufacturing roles. Prior to joining the Company, Mr. Gulati was the Director of Equipment Engineering for Twin Creeks Technologies, an amorphous silicon solar manufacturing company.

From 2001 to 2010, he was the founder and President of TriStar Systems, a producer of automated manufacturing and assembly equipment for the solar, aerospace and disk drive industries. From 1992 to 2000, he was the founder and Chief Operating Officer for NexStar Automation, an automated equipment manufacturer.