Ascent Solar Technologies Inc., a Littleton, Colo.-headquartered developer of PV materials and modules, has announced plans to expand its current board of directors to seven members pursuant to an agreement signed with Norsk Hydro and approved by Ascent Solar's shareholders.
The company has appointed Amit Kumar and Einar Glomnes as new directors. Glomnes is head of Hydro's solar division and will represent Hydro on the Ascent Solar Board. Hydro also will select a non-voting individual to attend meetings of the Board of Directors, Ascent Solar adds.
Kumar is currently serving as president and chief executive officer of Combimatrix Corp., a position he has held since September 2001. Previously, he was vice president of life sciences of Acacia Research Corp.
‘Ascent Solar is pleased to welcome Dr. Kumar and Mr. Glomnes to our Board of Directors,’ says Matthew Foster, Ascent Solar president and chief executive officer. ‘Having Mr. Glomnes represent our partner, Hydro, on our Board will greatly facilitate the development of our joint vision and growth strategies for Ascent Solar and Hydro Solar.’