Ascent Solar to Supply Solar Modules to FTL Solar for NYSERDA Project

THORNTON, Colo.--(Business Wire)--
Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of flexible thin-film
photovoltaic modules, today announced that they will be providing modules to FTL
Solar for their research and development contract with the New York State Energy
Research and Development Authority (NYSERDA). The parties will work on the
development of light weight flexible structures that include energy production
from solar electric modules produced by Ascent Solar.

Robert Lerner, Chief Technology Officer for FTL Solar stated, "We are pleased to
announce our relationship with Ascent Solar. We are confident their light weight
flexible high power modules will work well with our existing products as well as
future products currently in our product development pipeline."

NYSERDA President and CEO Francis J. Murray, Jr. said: "NYSERDA is enthused
about this company`s potential and is pleased to invest $250,000 toward this
$500,000 FTL project that is developing a unique product with so many
real-world, right-now applications. Because of its physical attributes and
application flexibility, shade and electricity can be realized just about
anywhere. From a New York perspective, the potential for this firm to bring
product development and manufacturing to the Empire State is very encouraging
and supports Governor Paterson`s goal to attract clean energy efficiency
manufacturing jobs to our state."

The development work will be carried out under a $22,500 collaborative agreement
between FTL Solar and the Center for Advanced Microelectronic Manufacturing in
Endicott, and the Center for Autonomous Solar at Binghamton University.

Ascent Solar President and CEO Farhad Moghadam stated, "FTL Solar has developed
a variety of multi-purpose solar integrated flexible tensile structures. These
structures are ideally suited for the incorporation of Ascent Solar`s high
energy, flexible and light weight photovoltaic modules. We are excited about our
relationship with FTL Solar and NYSERDA and the opportunity to embed our modules
into a wide range of structures serving various market segments. FTL Solar has
the expertise and deep history in developing these unique products and Ascent
Solar has the ability to power them with our unique modules."

About FTL Solar:

FTL Solar`s unique patent-pending products are the first and only
pre-fabricated, mass produced photovoltaic (PV) tensile structures in the world.
FTL Solar`s structures are innovative and in this new "Green" age, are an
expression of practical function and form. FTL Solar structures integrate thin
film PV with super strength fabric to create architecturally refined solar
canopies, arrays and enclosures that turn sunlight into electricity. Additional
information for FTL Solar can be found at www.ftlsolar.com.

About Ascent Solar Technologies:

Ascent Solar Technologies, Inc. (NASDAQ:ASTI) 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 military and space applications, building integrated
applications, and consumer electronics for portable power or configured as stand
alone modules for large scale terrestrial deployment. Ascent Solar is located in
Thornton, Colorado. For more information about Ascent Solar, please visit
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.

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

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