Ascent Solar Technologies Hires Paul Warley Jr. as CFO
December 12 2022 - 7:30AM
Business Wire
Ascent Solar Technologies, Inc. (NASDAQ: ASTI) – the leader in
designing and manufacturing state-of-the-art, lightweight, flexible
thin-film photovoltaic (PV) solutions – has hired Paul Warley Jr.
as its next chief financial officer (CFO). Warley comes to Ascent
Solar with significant experience in corporate turnarounds,
restructuring, cross-border trade and capital advisory.
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Ascent Solar CFO Paul Warley (Photo:
Business Wire)
Prior to Ascent, Warley was president of Warley & Company
LLC, a strategic advisory firm from 2015 to 2022 – providing
executive management services, capital advisory, and M&A to
middle-market companies in the service, construction, technology,
oil & gas, clean energy, food, retail and green-building
sectors. While at Warley & Company from 2018 to 2019, he was
engaged as chief executive officer and CFO of 360Imaging, a
provider of products and services for implant surgery and digital
dentistry. From 2011 to 2015, Warley served clients in the
alternative energy industry as a managing director and chief
compliance officer with Deloitte Corporate Finance. From 1997 to
2011, Warley was managing director and region manager for GE
Capital. From 1984 to 1997, Warley served as senior vice president
with Bank of America and Bankers Trust.
“We would like to thank our outgoing CFO, Mike Gilbreth, for his
efforts and the results achieved during his tenure,” said Ascent
Solar CEO Jeffrey Max. “As we continue transforming Ascent Solar,
Paul Warley’s 30-plus years of experience in financial management,
investment banking, corporate restructuring and M&A will be of
terrific value.”
Warley holds the Financial Industry Regulatory Authority Series
7, 24 and 63 licenses. He earned his bachelor’s in accounting from
The Citadel and served in the U.S. Army, attaining the rank of
Captain.
About Ascent Solar Technologies,
Inc.
With 40 years of R&D, 15 years of manufacturing, numerous
awards, and a comprehensive IP and patent portfolio, Ascent Solar
is a leading provider of CIGS solar technology and manufacturer of
innovative, high performance, flexible thin-film solar panels for
both existing and emerging agrivoltaic, space, and aerospace
applications. Ascent’s patented, monolithic integration process
enables remarkable levels of flexibility, efficiency, durability
and weight savings – revolutionizing the way solar power can be
used in everyday life. Ascent Solar’s research and development
center and 5-MW nameplate production facility are in Thornton,
Colorado. To learn more, visit https://www.ascentsolar.com
Forward-Looking Statements
Statements in this press release that are not statements of
historical or current fact constitute "forward-looking statements."
Such forward-looking statements involve known and unknown risks,
uncertainties and other unknown factors that could cause the
company's actual operating results to be materially different from
any historical results or from any future results expressed or
implied by such forward-looking statements. In addition to
statements that explicitly describe these risks and uncertainties,
readers are urged to consider statements that contain terms such as
"believes," "belief," "expects," "expect," "intends," "intend,"
"anticipate," "anticipates," "plans," "plan," to be uncertain and
forward-looking. No information in this press release should be
construed as any indication whatsoever of our future revenues,
stock price, or results of operations. The forward-looking
statements contained herein are also subject generally to other
risks and uncertainties that are described from time to time in the
company's filings with the Securities and Exchange Commission.
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IR@ascentsolar.com & jason@shermancm.com
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