Ascent Solar Technologies, Inc. (NASDAQ: ASTI), a developer of lightweight flexible thin-film photovoltaic modules, announced today that the company is sponsoring an Innovative Solar Design Competition for college students across the United States. The competition will last throughout the 2011-2012 school year and will allow both students and professors alike to explore the transformational applications or uses for Ascent’s innovative flexible solar modules. Teams are expected to develop working prototypes of innovative portable power applications, which are uniquely enabled using lightweight, flexible photovoltaic modules provided by Ascent. Ascent will also provide financial support for prototype development of approved designs. The teams with the top designs will receive up to $10,000 in cash prizes as well as potential internship and job opportunities with Ascent. Through this competition Ascent will help spearhead innovative uses for portable solar power across all markets. More information about this exciting competition can be found at www.ascentsolar.com/competition. About Ascent Solar Technologies, Inc. Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules with substrate materials that can be more flexible than most traditional solar panels. Ascent Solar modules can be directly integrated into military and space applications, building integrated applications, and consumer electronics for portable power or configured as stand alone modules for large scale terrestrial deployment. Ascent Solar is located in Thornton, Colorado. For more information about Ascent Solar, please visit www.ascentsolar.com. Ascent Solar encourages strategic relationships that are well positioned to integrate our materials into systems solutions. We envision that these systems will utilize our flexible, lightweight material and unique “plug-and-play” features that should eliminate a significant portion of the wires, cables, connectors, junction boxes and conduit required in current systems. 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 "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 the Securities and Exchange Commission.
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