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Ascent Solar Announces Public Offering of Common Stock

Date Announced: 10 Nov 2010

New funds will be used to complete 30MW solar fab.

THORNTON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ:ASTI) today announced that it intends to commence an underwritten public offering of its common stock. The offering is being conducted pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission. Net proceeds from the offering are expected to be used for the completion of Ascent Solar's 30 megawatt FAB2 production plant and for general corporate purposes.

Cowen and Company, LLC is acting as the sole lead underwriter and Rodman & Renshaw, LLC and ThinkEquity LLC are acting as co-managers in this offering.

A preliminary prospectus supplement related to the offering has been filed with the SEC and is available on the SEC's website at http://www.sec.gov. Copies of the preliminary prospectus supplement, and, when available, the final prospectus supplement, as well as the accompanying base prospectus relating to this offering may be obtained on the SEC's website or from the offices of Cowen and Company, LLC (c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attn: Prospectus Department (631) 254-7106).

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, and there shall not be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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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