Ascent Solar Technologies Inc
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Information Technology : Semiconductors & Semiconductor Equipment | Company profile

Ascent Solar Technologies, Inc. is engaged in commercializing flexible photovoltaic (PV) modules using its technology. The Company's manufacturing process deposits multiple layers of materials, including a thin film of copper-indium-gallium-diselenide (CIGS) semiconductor material, on a plastic substrate using a roll-to-roll manufacturing process and then laser patterns the layers to create interconnected PV cells or PV modules, in a process known as monolithic integration. The Company is producing consumer oriented products focusing on charging devices powered by its solar modules. It manufactures its products by affixing a thin CIGS layer to a flexible, plastic substrate using a roll-to-roll process. Its EnerPlex products are available on www.goenerplex.com and a range of third-party e-commerce sites, including www.amazon.com, www.bestbuy.com, www.walmart.com, www.newegg.com, www.frys.com, www.cabelas.com and several others.

Closing Price
$0.0038
Day's Change
-0.0004 (-9.52%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.0045
Day's Low
0.0036
Volume
(Average)
Volume:
4,476,467

10-day average volume:
4,716,984
4,476,467

Emerson Completes Acquisition of General Electric's Intelligent Platforms Business

7:00 am ET February 1, 2019 (BusinessWire) Print

Emerson (NYSE: EMR) today announced it has completed the purchase of Intelligent Platforms from General Electric (NYSE:GE). The addition of Intelligent Platforms programmable logic controller (PLC) technologies will enable Emerson, a global leader in automation for process and industrial customers, to expand its capabilities in machine control and discrete applications.

Intelligent Platforms, with its portfolio of cloud-connected controllers and devices for smart plants, will serve as a strong complement to Emerson's industry-leading Plantweb(TM) digital ecosystem. Through this expansion, Emerson is growing opportunities across process and discrete industries as well as hybrid markets such as metals and mining, life sciences, food and beverage, and packaging.

Intelligent Platforms is based in Charlottesville, Va. with approximately 650 employees worldwide and 2017 sales of $210 million.

Click here to view the original acquisitionannouncement and accompanyingpresentation or go to emerson.com/en-us/investors. Emerson plans to address the financial impact of this acquisition within its first quarter earnings release and conference call scheduled for February 5, 2019.

About Emerson

Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets. Our Emerson Automation Solutions business helps process, hybrid and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Emerson Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information visitEmerson.com.

Forward-Looking and Cautionary Statements

Statements in this press release that are not strictly historical may be "forward-looking" statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties include economic and currency conditions, market demand, pricing, protection of intellectual property, cybersecurity, tariffs, competitive and technological factors, and the impact of the Tax Cuts and Jobs Act, among others, as set forth in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the SEC.

https://cts.businesswire.com/ct/CT?id=bwnews&sty=20190201005226r1&sid=cmtx6&distro=nx&lang=en

View source version on businesswire.com: https://www.businesswire.com/news/home/20190201005226/en/

SOURCE: Emerson

EmersonInvestor Contact: Tim Reeves (314) 553-2197Media Contact: Casey Murphy (314) 982-6220

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