Ascent Solar Appoints New Board Member

Ascent Solar Technologies, Inc. has appointed Victor Lee as a member of its Board of Directors.

Lee is currently the managing director of Tertius Financial Group Pte Ltd, a boutique corporate advisory and private investment firm he founded in February 2009. He brings more than 17 years of experience in corporate banking, real estate finance and investment management, and corporate advisory services at leading worldwide financial institutions.

As a Class 3 director for Ascent Solar, Lee will stand for election at the company’s 2014 stockholder meeting. Lee was appointed to the Board as the designee of TFG Radiant Investment Group Ltd. pursuant to the Stockholders’ Agreement between the company and TFG Radiant Investment Group Ltd., dated Aug. 12, 2011.

Lee began his career at Citibank N.A. handling small- and medium-sized corporate finance and progressed to a vice president position in the International Personal Banking Division. In 1999 he became managing director and Singapore Market Head in the Private Wealth Management Division at Deutsche Bank AG. From 2007 until 2009 he was with Morgan Stanley Private Wealth Management, most recently as executive director and head of Singapore/Malaysia markets. Lee holds a bachelor’s degree in accounting from the University of Wisconsin and a master’s in wealth management from the Singapore Management University.

“We are pleased to welcome Victor to our Board and look forward to benefitting from his expertise and insights, as well as continued support from TFG Radiant,” stated Ron Eller, Ascent Solar president and CEO.