Ascent Solar’s Flexible Photovoltaic Modules Selected for The Volvo Pure Tension Pavilion Project

  Ascent Solar’s Flexible Photovoltaic Modules Selected for The Volvo Pure
  Tension Pavilion Project

Business Wire

THORNTON, Colo. -- December 4, 2013

Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a manufacturer of award winning
flexible CIGS thin-film photovoltaic modules as well as consumer and off-grid
products integrated with the flexible modules,announced the company's proud
involvement in the Volvo Pure Tension Pavilion project, where Ascent’s
revolutionary, flexible and lightweight CIGS solar modules were selected for
integration into the Pavilion’s tensioned mesh membrane structure.

The Volvo Pure Tension Pavilion integrated with Ascent's solar modules (Photo:
Business Wire)

The Volvo Pure Tension Pavilion integrated with Ascent's solar modules (Photo:
Business Wire)

The striking pavilion is a portable, solar-powered tensile membrane structure
made for the launch of the new Volvo V60 plug-in hybrid electric car which not
only charges the car but also flat-packs to fit in the trunk of the car and
assembles easily in less than one hour. The project aspires to reinvent the
typical pavilion through the combination of dynamic form, optical effects and
flexibility. The structure of the pavilion is highlighted by its unusual form
and mesh skin embedded with a total of 252 7” x 7” lightweight flexible
photovoltaic panels throughout. The pavilion is now embarked on a 9 month
multi-city promotional tour starting in Milan and the tour will end at The
Plan Magazine’s annual Perspective event in Venice next summer.

Ascent’s solar modules are able to be uniquely integrated into the pavilion’s
tensioned mesh skin due to their extremely lightweight and flexible
construction, allowing them to be deployed in ways never before possible when
using traditional crystalline solar, which is both rigid and heavy, or any
other non-flexible thin-film solar modules.

John Maslanik, Ascent's Manager of Business Development, said, "Ascent
constantly aims to provide innovative solar integrated solutions which bring
the incredible power generating capabilities of our technology closer to
consumers who can use them in their everyday lives. The Volvo Pavilion project
shares the goal of bringing solar into the realm of everyday use, making the
project a perfect partnership."

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.

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.

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Contact:

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
 
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