Ascent Solar Hires Sr. Vice President of Manufacturing

Ascent Solar Technologies, Inc. (NASDAQ CAPITAL:ASTIU),
(BOSTON STOCK EXCHANGE:AKC/U) today announced Dr. Prem Nath has joined
the company as Sr. Vice President of Manufacturing. Dr. Nath brings
over 25 years of thin-film photovoltaic (PV) product development and
manufacturing experience to Ascent Solar. Dr. Nath is also a named
inventor on over fifty issued U.S. patents for PV processes, products,
and materials.
   Prior to joining Ascent Solar, Dr. Nath's entire professional
career was dedicated to the successful product development and
transition to manufacturing of thin-film amorphous silicon PV products
for United Solar Ovonic (Uni-Solar), a wholly owned subsidiary of
Energy Conversion Devices, Inc. Most recently he served as United
Solar Ovonic's Vice President, Product Manufacturing and Development.
   Ascent Solar CEO and President, Matthew Foster, stated, "Ascent
Solar is pleased to have Dr. Nath join our team. He is clearly one of
the industry's pioneers and we are extremely fortunate to have Dr.
Nath lead our manufacturing operations. His expertise will be
invaluable as we scale-up roll-to-roll manufacturing processes for the
next generation of thin-film PV on plastics."
   In addition to the opportunity to work on one of the latest PV
technologies, Dr. Nath stated, "The Ascent Solar thin-film technology
platform on plastics provides great versatility in product
applications and many manufacturing cost benefits. I am looking
forward to the new challenges and the opportunity to playing a part in
defining the future direction of the PV industry."
   Ascent Solar is currently building a 1.5 megawatt (500 kW per
shift) annual capacity production facility to primarily serve the
Space and High Altitude Airship (HAA) market. Dr. Nath will
immediately assume responsibilities for bringing this manufacturing
facility on-line.
   On July 25, 2006, Ascent Solar announced that it is leading an
industry and academia team in pursuit of a Solar America Initiative
program grant with the U.S. Department of Energy (DOE) to accelerate
the development of terrestrial PV systems. If Ascent Solar and its
team receive a grant, Dr. Nath will also lead the initial planning and
development of a new large-scale manufacturing facility targeting the
terrestrial market applications.

   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 expresses 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.