Ascent Solar Signs Distribution Agreement with Radiant Holding Ltd., of China

Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of flexible thin-film solar modules, announced today that Radiant Holding Limited will begin distribution of Ascent Solar’s lightweight, flexible, high-power thin-film CIGS modules for building integrated (BIPV), automotive and portable power solutions in China. The agreement with Radiant gives Ascent Solar access to multiple market segments in China’s emerging solar market including direct integration into Radiant’s line of building materials for residential and commercial solutions. Radiant plans to install Ascent modules on its metal roofing demonstration site immediately in order to demonstrate the unique characteristics of Ascent Solar’s flexible, lightweight CIGS modules to its customers.

Ascent Solar President and CEO Farhad Moghadam stated, “We are pleased to announce our agreement with Radiant. This relationship will give us access to a very large and rapidly growing market for BIPV applications in China. We also expect that other products in our lineup of flexible, lightweight CIGS modules will be marketed through this relationship. Radiant has a sound building materials business and is an excellent partner to have for distribution of our products in China.”

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.