Ascent Solar Announces Certain Preliminary Q3 Financial Results – More Than Doubling of its EnerPlex™ Sales

  Ascent Solar Announces Certain Preliminary Q3 Financial Results – More Than
  Doubling of its EnerPlex™ Sales

Business Wire

THORNTON, Colo. -- October 28, 2013

Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a manufacturer of consumer and
off-grid products integrated with flexible thin-film photovoltaic modules
(CIGS), announced today certain preliminary financial results for the
Company’s third quarter ended September 30, 2013.

Based upon preliminary data, the Company expects to post third quarter revenue
of $275,000, an increase of approximately 22% over second quarter. More
significantly, sales of its EnerPlex™ branded consumer products more than
doubled quarter over quarter to $238,000. Q3 Government R&D contract revenue
declined more than 85% in large part due to delay in government funding. The
company signed a contract with the Department of Defense in June and expects
contract revenues in Q4 to be greater than they were in Q2.

Victor Lee, President & CEO of Ascent Solar said, “We believe the momentum in
our EnerPlex product sales quarter over quarter validates our strategy of
shifting towards a B2C business model, implemented nearly a year ago. We
continue to experience increasing recognition of the EnerPlex brand and our
sales distribution channels have continued to expand both domestically and
internationally, which has contributed to the sales growth in the third
quarter, and an even a stronger outlook for sales in the fourth quarter.”

For more information about the EnerPlex line of products, visit
www.goenerplex.com.

The Company believes the EnerPlex product line is changing the paradigm of
solar-integrated consumer electronics, providing consumers with lightweight,
powerful and extremely durable charging solutions for all their portable
electronics.

The Company also announced that it expects to report cash as of September 30,
2013 of approximately $3.9 million.

The preliminary, unaudited information provided above is based on the
Company’s current estimate of results from operations for the third quarter of
2013 and remains subject to change based on the Company’s quarterly closing
procedures including our execution of our internal controls over financial
reporting, or the subsequent occurrence or identification of events prior to
the formal issuance of the quarterly financial statement.

About Ascent Solar Technologies: Ascent Solar Technologies, Inc. is a
developer of thin-film photovoltaic modules with substrate materials that are
more flexible, versatile and rugged than traditional solar panels. Ascent
Solar modules can be directly integrated into consumer products and off-grid
applications, as well as aerospace and building integrated applications.
Ascent Solar is headquartered in Thornton, Colorado. For more information, go
to www.ascentsolar.com.

About EnerPlex (and design)™: EnerPlex is a registered trademark in the USA,
European Community, Australia, Japan and Hong Kong. The EnerPlex brand
represents Ascent's line of consumer products. These products, many of which
are integrated with Ascent's proprietary CIGS technology, provide consumers
with the ability to integrate solar into their everyday lives, while enabling
them to free themselves and their electronics from the outlet. For more
information on the EnerPlex brand and to see the product line, please visit
www.goenerplex.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
Investor Relations Contact:
CleanTech IR
Brion D. Tanous, 310-541-6824
Mobile: 424-634-8592
btanous@cleantech-ir.com
or
Ascent Solar Technologies
Justin R. Jacobs, 1-720-872-5194
jjacobs@ascentsolar.com