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| ASTI > SEC Filings for ASTI > Form 8-K on 14-Dec-2012 | All Recent SEC Filings |
14-Dec-2012
Entry into a Material Definitive Agreement, Financial Statements
On December 10, 2012, Ascent Solar Technologies, Inc. (the Company) and TFG
Radiant Investment Group Ltd. (TFGR) executed a services agreement. The
agreement covers product design, product development and manufacturing
coordination activities provided by TFGR to the Company in connection with the
Company's new line of consumer electronics products. The services agreement has
a one year term initially, and the services agreement may be terminated by
either party upon 10 days prior written notice.
Under the services agreement, the Company will make certain quarterly cash
payments of $200,000 to TFGR, for the services performed.
TFGR currently owns approximately 31% of the Company's outstanding common stock.
TFGR is a joint venture of Radiant Group (www.sradiant.com), a Chinese
conglomerate in construction and real estate, and Tertius Financial Group, a
private investment firm based in Singapore.
(d) Exhibits
99.1 Services Agreement dated December 10, 2012 between the Company and TFGR.
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