[January 27, 2011]

Ascent Solar Signs Distribution Agreement with Green Earth Energy and Technology of Belgium

Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of flexible thin-film solar modules, announced today that Green Earth Energy and Technology will begin distribution of Ascent Solar's lightweight, flexible, high-power thin-film CIGS modules for building integrated (BIPV), and portable power solutions in Belgium, Netherlands, Luxembourg and Germany. The agreement with Green Earth Energy and Technology gives Ascent Solar access to multiple segments in Europe's solar market including direct integration into building materials for residential and commercial solutions.

Ascent Solar President and CEO Farhad Moghadam stated, "We are pleased to announce our agreement with Green Earth Energy and Technology. This relationship will give us access to new and emerging market opportunities in building applied photovoltaics that could provide significant opportunity in Europe over the coming years. We also expect that other products in our lineup of flexible, lightweight CIGS modules will be marketed through this relationship."

Green Earth Energy and Technology will participate in the Intersolution Solar Energy Expo in Ghent, Belgium, January 27-29, 2011.

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.

About Green Earth Energy and Technology

Green Earth Energy and Technology is a distributor of renewable energy technologies, solar modules and complete photovoltaic systems with a focus on construction and management of industrial solar parks and large-scale solar arrays. Green Earth Energy and Technology is based in Kortrijk, Belgium. Additional information can be found at www.green-earth-energy.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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