Ascent Solar Hires Vice President of Business Development.

LITTLETON, Colo. -- Ascent Solar Technologies, Inc. (NASDAQ:ASTI) (BSE:AKC) today announced Joseph McCabe has joined the company as Vice President of Business Development. Mr. McCabe brings over 15 years of photovoltaic (PV) industry experience to Ascent Solar and has expertise in the areas of building integrated photovoltaics, photovoltaic/thermal collectors, and zero energy homes. Mr. McCabe owns a U.S. patent integrating LED lighting directly into PV surfaces.

Prior to joining Ascent Solar, from 2000 until 2004, Joseph McCabe managed solar energy research for the State of California, at the Public Interest Energy Research office of the California Energy Commission. Most recently he has generated multiple contracts with the Sacramento Municipal Utility District and is a technical support contractor for the California Energy Commission. Mr. McCabe holds a bachelors of Mechanical Engineering degree from the University of Dayton, a masters degree in Nuclear and Energy Engineering from the University of Arizona, and a Masters of Business Administration from Regis University in Denver, Colorado. Mr. McCabe currently is a licensed Professional Engineer, and sits on the board of directors of the Northern California Solar Energy Association. Prior to these accomplishments, Mr. McCabe served as Chairperson of the Winters California Planning Commission, the board of directors for the American Solar Energy Society, Vice Chairperson for the Potomac Region Solar Energy Association and the board of directors for Solar Cookers International. Mr. McCabe is also a member of the management board for Solar Today magazine.

Ascent Solar CEO and President, Matthew Foster, stated, "We are pleased to welcome Joe to the Ascent Solar team. Filling our top business development position with an industry leader will provide invaluable customer contacts and recognition to the company. We are committed to hiring the solar industry's best talent. Our hiring of industry leaders like Joe McCabe and Dr. Prem Nath, our Sr. Vice President of Manufacturing, provides a strong foundation from which to grow our business and operations."

Mr. McCabe stated, "I feel so fortunate to be involved with Dr. Mohan Misra and the Ascent Solar Team, having followed their work and the work of their predecessors for the last decade. They have unique capabilities to bring the PV industry "beyond the silicon era." The Ascent Solar product is robust enough for space, and flexible in many ways for building integration, with opportunities for directly powering telecommunications, HVAC, lighting, refrigeration, cathodic protection and transportation solutions."

About Ascent Solar Technologies:

Ascent Solar Technologies, Inc. is a developer of state-of-the-art, thin-film photovoltaic materials and modules and is located in Littleton, Colorado. Please visit our website for additional information at www.ascentsolar.com.

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 Securities and Exchange Commission.