Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of flexible thin-film solar modules, announced today the launch of its new WaveSol™ series of five meter long modules to complement its current portfolio of building integrated (BIPV) and building applied (BAPV) photovoltaic product portfolio.

WaveSol™ WSLB 3200-190 is the highest power 5 meter flexible and light-weight CIGS module available and another example of Ascent Solar’s dedication to and heritage of producing flexible light-weight high power CIGS modules with large format (5.0m X 0.6m), high power (320 Watts), high voltage (up to 190 Volts) and high specific power (50 Watts/kg). This new series of products is enabled by recent advances in our CIGS monolithic integration process resulting in our new 30 cm x 60 cm building blocks which are four times the size of the current building block sub-modules. The module family consists of fewer parts that reduce overall internal power losses and significantly reduces manufacturing and testing operations. This product is specifically designed to meet the needs of large commercial scale rooftop installations by providing unique attributes that reduce BOS costs and ease of integration into roofing components in a way this industry has yet to experience. Ascent Solar plans to showcase the product in October of this year during the Solar Power International conference to be held in Los Angeles, CA.

Ascent Solar President and CEO Farhad Moghadam added, “We are proud of our heritage and unwavering dedication to flexible CIGS solar module manufacturing. We intend to maintain our leading position as the pre-eminent manufacturer of flexible, light-weight CIGS modules for BIPV/BAPV solutions by translating advances in production into world-leading modules that will enable the proliferation of solar while making it a cost effective solution. We look forward to showcasing this module to the world during the Solar Power International convention next month, as well as planning several beta site installations with existing customers.”

About Ascent Solar Technologies:

Ascent Solar Technologies, Inc. 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 standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power or configured as stand-alone modules for large scale terrestrial deployment. Ascent Solar is headquartered in Thornton, Colo. Additional information can be found at 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 “may,” “will,” “should,” "believes," ”expect," "intend," "anticipate," "plan," “estimate” to be uncertain and forward-looking. The forward-looking statements contained herein are also subject to risks and uncertainties that are described in our most recent annual report on Form 10-K under the heading “Risk Factors” and our subsequent filings with the Securities and Exchange Commission. We do not undertake any obligation to update publicly any forward-looking statements whether as a result of the receipt of new information, future events, or otherwise.

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