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Ascent Solar Announces Completion of Public Offering of Common Stock

Date Announced: 16 Nov 2010

Raises $20.25 million net proceeds.

THORNTON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ: ASTI) today announced that it has closed its previously announced public offering of 5.25 million shares of common stock at a price of $4.15 per share.

Ascent Solar received net proceeds, after offering expenses and underwriting discounts and commissions, of approximately $20.25 million. Ascent Solar expects to use the net proceeds from the offering for the completion of its FAB2 production plant and for general corporate purposes.

Cowen and Company, LLC acted as the sole book-running manager and Rodman & Renshaw, LLC and ThinkEquity LLC acted as co-managers in the offering. The offering was made pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission.

Source: Ascent Solar

Contact

Ascent Solar Technologies, Inc.
Investor Relations Contact:
Brian Blackman, 832-515-0928

E-mail: bblackman@ascentsolar.com

Web Site: www.ascentsolar.com

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