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Ascent Solar Selects Teams for Innovative Design Competition

Student Teams from Six Top Engineering Universities to Begin Prototypes

THORNTON, Colo.--(BUSINESS WIRE)-- Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of lightweight, flexible, thin-film photovoltaic modules, announced today the seven selected teams that will begin designing prototypes for the Ascent Solar Innovative Design Competition.

Teams from Boston University, Rochester Institute of Technology, San Diego State, Texas A&M, University of California, Berkeley, and University of Oregon were selected by a committee that included members of Ascent's executive and product development staff. In the next week, students will receive flexible solar modules and project funding courtesy of Ascent Solar.

The Ascent Solar Innovative Design Competition will last throughout the 2011-2012 school year and allows participating students and their professors to explore the transformational applications and uses for Ascent's flexible solar modules. Teams will compete by developing working prototypes of ground-breaking portable power applications, which are uniquely enabled using Ascent's lightweight, flexible photovoltaic modules.

"We appreciate the opportunity to work with talented students, from engineering schools across the country, who recognize the transformational aspect of our technology," said Ascent Solar President and CEO, Ron Eller. "We are giving teams a chance to develop novel, real world applications for portable solar technology."

The teams with the top designs will receive up to $10,000 in cash prizes as well as potential future opportunities with Ascent. Find more information about the competition at www.ascentsolar.com/competition.

About Ascent Solar Technologies, Inc.

Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible substrate materials that can transform the way solar power generation integrates into everyday life. Ascent Solar modules can be directly integrated into standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. 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.

For any questions regarding the Innovative Design Competition please contact:

Ascent Solar Technologies, Inc.
Justin Jacobs
Marketing Coordinator
720-872-5194
jjacobs@ascentsolar.com

Media & Public Relations
Brand Fortified
Kelly Brandner
303-289-4303
kbrandner@brandfortified.com

Ascent Solar Technologies, Inc.
Justin Jacobs, 720-872-5194
Marketing Coordinator
jjacobs@ascentsolar.com
or
Media & Public Relations
Brand Fortified
Kelly Brandner, 303-289-4303
kbrandner@brandfortified.com

Source: Ascent Solar Technologies

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