Ascent Solar Technologies, Inc. (NASDAQ: ASTI), a manufacturer of consumer and off-grid products integrated with flexible thin-film photovoltaic modules (CIGS), announced today the company's off-grid development partner, The Solar Cloth Company, won the 2014 United Kingdom's Solar Industry Award for Building Integrated Photovoltaic solutions for their product utilizing Ascent Solar's panels in cloth membrane roofing structures for carports. John Maslanik, Ascent's Manager of Business Development said, "This award once again highlights the unique applications which can be pursued using Ascent's groundbreaking solar technology. With over 320 square miles of roof-space in the United Kingdom which could potentially be integrated with this innovative system; this award further cements the large scale viability and huge opportunity in this particular distribution channel." "Being the winner of the Solar Industry Awards' 2014 BIPV category is a tremendous honor and would not have been possible without Ascent Solar's photovoltaics, which forms a crucial part of the supply chain and enables TSCC to build the solutions and product we provide," said Perry Carroll, CEO and Founder of The Solar Cloth Company. "Solar PV adoption has typically been slow, but together we have created a truly elegant and lightweight solution which can add real value to sites where solar panels have been previously impossible to use." About Ascent Solar Technologies: Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules with substrate materials that are more flexible, versatile and rugged than traditional solar panels. Ascent Solar modules can be directly integrated into consumer products and off-grid applications, as well as aerospace and building integrated applications. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.ascentsolar.com. About The Solar Cloth Company: The Solar Cloth Company is a Cambridge-based start-up and systems integrator of Ascent Solar's flexible thin film photovoltaics, designed for commercial installation. Its lightweight, flexible solar panels are state-of-the-art solar cells that weigh less than 3.3kg/m2 - a tenth of the weight of traditional solar panels. They can be laid over all low-load bearing structures such as retail centres, distribution centres and datacentres. They can be bonded to all structural fabrics to allow application in tensile structures, stadia and agricultural land covers. www.thesolarclothcompany.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 "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.