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Ascent Solar Signs Distribution Agreement with SW Solarwatt LTD

SW Solarwatt to Market and Install Ascent Solar Modules in Greece and Cyprus

THORNTON, Colo.--(BUSINESS WIRE)-- Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of flexible thin-film solar modules, today announced that SW Solarwatt will act as a Distributor of Ascent Solar's lightweight, flexible, high-power thin-film CIGS modules for building integrated (BIPV) applications in Greece and Cyprus. The agreement with SW Solarwatt establishes Ascent Solar's presence within the Eastern Mediterranean's developing solar market and includes direct application of Ascent Solar's solar modules to building materials for both grid-connected and off-grid solutions.

Ascent Solar President and CEO Farhad Moghadam stated, "We are pleased to announce our agreement with SW Solarwatt. This relationship will enable integration of Ascent Solar's flexible, lightweight CIGS modules in a variety of applications, from grid-connected rooftop installations to portable power and other off-grid stand alone solutions. We look forward to working with our new partners in the growing Eastern Mediterranean market."

About SW Solarwatt LTD

SW Solarwatt designs and installs of solar arrays throughout Cyprus and Greece, specializing in grid-connected and off-grid photovoltaic systems for residential and commercial applications. They focus on providing unmatched technical support, from design to post-installation. SW Solarwatt is based in Nicosia, Cyprus. Additional information can be found at http://www.solarwatt.com.cy/

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, commercial transportation, automotive solutions, 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 "may," "will," "should," "believes," "expect," "intend," "anticipate," "plan," "estimate" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject to risks and uncertainties that are described in our most recent annual report on Form 10-K under the heading "Risk Factors" and our subsequent filings with the Securities and Exchange Commission. We do not undertake any obligation to update publicly any forward-looking statements whether as a result of the receipt of new information, future events, or otherwise.

Ascent Solar Technologies, Inc.
Investor Relations Contact:
Brian Blackman, 832-515-0928
bblackman@ascentsolar.com

Source: Ascent Solar Technologies, Inc.

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