Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  TFG Radiant Investment Group Ltd
 2. Date of Event Requiring Statement (Month/Day/Year)
08/12/2011		 3. Issuer Name and Ticker or Trading Symbol
Ascent Solar Technologies, Inc. [ASTI]
(Last)
(First)
(Middle)
BLOCK B, FOURTH FLOOR, BUILDING B, NO. 1 BINLANG ROAD, FUITAN FTZ		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SHENZHEN, F4 518038		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 7,965,452
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Options (Right to buy)   (1) 02/12/2014 Common Stock 9,500,000 $ 1.55 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
TFG Radiant Investment Group Ltd
BLOCK B, FOURTH FLOOR, BUILDING B
NO. 1 BINLANG ROAD, FUITAN FTZ
SHENZHEN, F4 518038		     X    

Signatures

/s/ Lee Kong Hian 08/22/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The optionee may not exercise the option unless and until (a) the stockholders of Ascent Solar Technologies, Inc. approve the issuance of the shares subject to the option and (b) optionee meets a specified milestone relating to the construction of facilities in an agreed-upon territory in East Asia. If a change-of-control transaction occurs after such stockholder approval and prior to the option's expiration date (February 12, 2014), then the option will become immediately exercisable and will terminate unless exercised in connection with such change-of-control transaction.

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