Ascent Solar Technologies Announces Results of Annual Meeting of Shareholders

THORNTON, Colo.--(Business Wire)--
Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of state of the art
flexible thin-film solar modules, announced the results of its Annual
Shareholder Meeting held on June 30, 2009 in Golden, Colorado. Shareholders
elected Ron Eller to the Board to serve until the 2012 annual meeting of
stockholders.

Mr. Eller is chief executive officer of Monroe Street Capital LLC, a private
equity firm formed in 2009. From December 2008 until May 2009, Mr. Eller served
as a managing director of Capital Preservation, Inc., a private equity firm.
From 1994 until March 2008, Mr. Eller held various positions at Hewlett-Packard
Company, an integrated technology firm, including Vice President and General
Manager of the NetServer business from 2002 to 2003 and, more recently, Vice
President and General Manager of the software and system integrator channels of
the Technology Solutions Group. Mr. Eller holds a B.S. degree in Professional
Aviation from Purdue University, and an M.S. degree in Business from Colorado
State University.

Shareholders re-elected Dr. Amit Kumar and Richard Swanson also to serve until
the 2012 annual meeting, as well as re-electing Richard Erskine to serve until
the 2011 annual meeting.

Shareholders approved an amendment and restatement of the Company's 2005 Stock
Option Plan that increases the number of shares authorized for issuance under
that plan by 1,000,000 shares.

About Ascent Solar Technologies:

Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules
with substrate materials that can be more flexible and affordable than most
traditional solar panels. Ascent Solar modules can be directly integrated into
standard building materials, space applications, consumer electronics for
portable power or configured as stand alone modules for large scale terrestrial
deployment. Ascent Solar is headquartered in Thornton, Colo. Additional
information can be found at 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. 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.

Ascent Solar Technologies, Inc.
Investor Relations Contact:
Brian Blackman, 832-515-0928
bblackman@ascentsolar.com
or
Brand Fortified Public Relations
Media Contact:
Kelly Brandner, 303-289-4303
kellybrandner@msn.com

Copyright Business Wire 2009