Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of flexible thin-film photovoltaic modules, today announced that they will be providing modules to FTL Solar for their research and development contract with the New York State Energy Research and Development Authority (NYSERDA). The parties will work on the development of light weight flexible structures that include energy production from solar electric modules produced by Ascent Solar.

Robert Lerner, Chief Technology Officer for FTL Solar stated, “We are pleased to announce our relationship with Ascent Solar. We are confident their light weight flexible high power modules will work well with our existing products as well as future products currently in our product development pipeline.”

NYSERDA President and CEO Francis J. Murray, Jr. said: “NYSERDA is enthused about this company’s potential and is pleased to invest $250,000 toward this $500,000 FTL project that is developing a unique product with so many real-world, right-now applications. Because of its physical attributes and application flexibility, shade and electricity can be realized just about anywhere. From a New York perspective, the potential for this firm to bring product development and manufacturing to the Empire State is very encouraging and supports Governor Paterson’s goal to attract clean energy efficiency manufacturing jobs to our state.”

The development work will be carried out under a $22,500 collaborative agreement between FTL Solar and the Center for Advanced Microelectronic Manufacturing in Endicott, and the Center for Autonomous Solar at Binghamton University.

Ascent Solar President and CEO Farhad Moghadam stated, “FTL Solar has developed a variety of multi-purpose solar integrated flexible tensile structures. These structures are ideally suited for the incorporation of Ascent Solar’s high energy, flexible and light weight photovoltaic modules. We are excited about our relationship with FTL Solar and NYSERDA and the opportunity to embed our modules into a wide range of structures serving various market segments. FTL Solar has the expertise and deep history in developing these unique products and Ascent Solar has the ability to power them with our unique modules.”

About FTL Solar:

FTL Solar’s unique patent-pending products are the first and only pre-fabricated, mass produced photovoltaic (PV) tensile structures in the world. FTL Solar’s structures are innovative and in this new “Green” age, are an expression of practical function and form. FTL Solar structures integrate thin film PV with super strength fabric to create architecturally refined solar canopies, arrays and enclosures that turn sunlight into electricity. Additional information for FTL Solar can be found at www.ftlsolar.com.

About Ascent Solar Technologies:

Ascent Solar Technologies, Inc. (NASDAQ:ASTI) 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 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.

SOURCE: Ascent Solar Technologies, Inc.

   For Ascent Solar Technologies, Inc.
   Brian Blackman, 832-515-0928 (Investor Relations)
   bblackman@ascentsolar.com
   or
   Brand Fortified Public Relations
   Kelly Brandner, 303-289-4303 (Media)
   kellybrandner@msn.com