Ascent Solar Announces Winners of Innovative Design Competition

  Ascent Solar Announces Winners of Innovative Design Competition

Business Wire

THORNTON, Colo. -- April 10, 2012

Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of lightweight
flexible thin-film photovoltaic modules, announced today the winners of its
company sponsored Innovative Design Competition. The winning team of students
from Boston University, whose team developed a portable solar powered water
purification system, won first place as well as the Grand Prize of $10,000 and
a visit to Ascent’s world headquarters and manufacturing facility in Colorado.
Second place was awarded to the team from University of California Berkeley,
who developed a scalable system of solar panels with a unique, flexible
attachment method. Third place went to the team from Texas A&M University for
their development of a solar integrated beach umbrella.

The competition, which began in August, 2011, included teams from Boston
University, San Diego State University, Texas A&M University, University of
California Berkeley and two teams from the University of Oregon, in a
competition to develop the most innovative applications for Ascent’s
lightweight and flexible solar panels. The teams each developed working
prototypes of their designs, which were enabled using lightweight, flexible,
glass-free solar modules provided by Ascent Solar. In addition, Ascent
provided financial support to the teams allowing them to fully explore the
full potential of portable power.

Ascent would like to congratulate the winners of the Innovative Design
Competition and thank all of its participants for their inspiring work in
developing new applications for lightweight, flexible solar panels.

About Ascent Solar Technologies, Inc.

Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic
modules with substrate materials that can be more flexible 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.

Contact:

Ascent Solar Technologies, Inc.
Media & Public Relations
Brad Kemp, 720-872-5148
bkemp@ascentsolar.com
or
Investor Relations
ir@ascentsolar.com
 
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