Victor Lee, CEO of Ascent Solar Technologies, Inc. (ASTI), Interviews with The Wall Street Transcript

Wall Street Transcript

67 WALL STREET, New York - October 7, 2013 - The Wall Street Transcript has just published its Semiconductors Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Cloud Computing - Mobile Device Consumer Demand - Enterprise Data Storage Demand - Energy Efficiency, Cloud Computing and Telecommunications

Companies include: Ascent Solar Technologies Inc. (ASTI) and many more.

In the following excerpt from the Semiconductors Report, the CEO of Ascent Solar Technologies, Inc. (ASTI) discusses company strategy and the outlook for this vital industry:

TWST: You are building a manufacturing plant in China. What is the status of that project, and what will its completion mean for the company?

Mr. Lee: The project essentially is to allow us to move majority of our underutilized equipment to China. Our Thornton facility was originally designed for 30-megawatts of annual production capacity, and at this moment we are not fully utilizing this capacity. We plan to set up a new plant in China with the funding from the Chinese government in Suqian and have most of the underutilized equipment in Thornton shipped over to China.

That is significant to us for a variety of reasons, including lower product cost, lower labor cost, important funding support from the government and most significantly, logistics support. We will have access to a strong vendor network for our components. So it makes a lot of sense for us to manufacture our PV and integrate our PV into end products with abundantly available local contract manufacturers there. This will enable us to cut costs, shorten lead times and maximize overall operational efficiency. In addition, China is one of the world's largest consumer markets, and the spending power is ever-growing. So I think there is a huge opportunity in terms of the EnerPlex brand in China as well.

TWST: Which other geographic areas are you focusing on at the moment, and what is attractive to you about those regions?

Mr. Lee: At the moment we have a small presence in other parts of Asia, and we have already signed some contracts with distributors in Europe. For example, we have just signed a contract with West Coast, which is equivalent of a Best Buy in U.S. Our products should be in their stores in fourth quarter of this year. We will continue to develop the European market, as the awareness of PV products for a general consumer in Europe is considered high, which makes it easier for us to penetrate the market. So right now, we are in the U.S., Europe, China, Korea and few other Southeast Asian countries.

The next large regions we expect to develop are Japan and Australia. With ever-increasing demand and awareness of renewable energy in Japan, we will take the opportunity to...

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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