Ascent Solar to Present at RedChip Small-Cap Conference

Ascent Solar Technologies, Inc., (NASDAQ:ASTIU)
(BSX:AKC/U) announced today that CEO Matthew Foster will be presenting
at the RedChip Small-Cap Investor Conference at 10:00 am (ET) on
Wednesday August 16, 2006. The conference, sponsored by RedChip
Companies, Inc., will feature presentations from approximately 40
publicly traded small-cap growth companies. Executives from these
companies will discuss their businesses, products and services. The
conference is being held at the Hilton Hotel, 1335 Avenue of the
Americas, New York, NY.
   For additional information or to schedule a one-on-one meeting
with Ascent Solar Technologies, Inc. at this conference please contact
Jim Blackman at 713-256-0369 or [e-mail]
   Internet Access: You may access the live presentation by web-cast
at 10:00 a.m. (ET), Wednesday, August 16, 2006, at www.redchip.com.

   About RedChip

   RedChip has a long history of bringing research on selected
small-cap companies to analysts and portfolio managers. RedChip
Visibility(TM) provides small-cap companies access to both
professional and individual small-cap investors by holding conferences
throughout the United States, producing online corporate visibility
programs, and writing company sponsored research.

   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.