Effective April 3, 2023, the Ascent Solar Technologies, Inc.'s board of directors appointed Gregory C. Thompson as a new director of the Company. Mr. Thompson fills the current board vacancy created by the resignation of Michael French from the board on March 18, 2023. Mr. Thompson is expected to stand for election by the stockholders at the Company's 2023 annual stockholder meeting.

Mr. Thompson will be an independent director within the meaning of the listing rules for the Nasdaq Capital Market. He will serve on the board's Audit Committee, Compensation Committee and Nominating and Governance Committee. Mr. Thompson will be the Nominating and Governance Committee chair.

Mr. Thompson, age 67, is a four-time public company CFO with extensive global experience across several industries including technology, manufacturing, chemicals, building products, medical equipment, software and services, and public accounting. From December 2018 through June 2021, Mr. Thompson was EVP and CFO of KEMET Corporation (NYSE: KEM), a manufacturer of a broad selection of capacitor technologies, and a variety of other passive electronic components. In June 2020, KEMET was acquired by Yageo Corporation for approximately $1.8 billion.

From 2008 to 2018, Mr. Thompson was EVP and CFO of Axiall Corporation, a manufacturer and marketer of chlorovinyls and aromatics (acetone, cumene, phenol). Axiall was sold to Westlake Chemical Corporation in late 2018. Prior to Axiall, Mr. Thompson was CFO of medical equipment manufacturer Invacare Corporation from 2002 to 2008, CFO of Sensormatic Electronics Corporation from 2000 to 2002, and Corporate Controller of Sensormatic from 1997 to 2000.

Previously at Wang Laboratories, Inc. Mr. Thompson served as Vice President and Corporate Controller from 1994 to 1997 and Assistant controller from 1990 to 1994. He began his career at Price Waterhouse and Coopers & Lybrand where he spent 13 years serving international clients in industries including chemicals, construction, distribution, manufacturing, metals, retail, and technology. Mr. Thompson earned a Bachelor of Science, Accounting from Virginia Tech in 1977.

He is a Certified Public Accountant, and a Member of the American Institute of Certified Public Accountants.