Ascent Solar and Giscosa Sign Cooperation Agreement

Ascent Solar Technologies, Inc., a developer of thin-film photovoltaic modules, announced today the entering into of a definitive cooperation agreement with Giscosa Sociedad Limitada of Spain (Giscosa), a distributor and manufacturer of rubber membranes for roofing, reservoirs, and canals.

Thursday April 10, 6:00 am ET


LITTLETON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of thin-film photovoltaic modules, announced today the entering into of a definitive cooperation agreement with Giscosa Sociedad Limitada of Spain (Giscosa), a distributor and manufacturer of rubber membranes for roofing, reservoirs, and canals. The agreement focuses on the development of building integrated photovoltaic (BIPV) roofing products intended to be distributed by Giscosa into the European marketplace.

The parties have agreed to collaborate in the development of BIPV roofing materials based on Giscosa's existing RubberSun roofing products. Ascent Solar intends to supply Giscosa with product from its existing 1.5 MW production line for the development, testing and certification of the BIPV products. The parties also envision subsequent demonstration scale projects to validate performance and develop market demand for the BIPV roofing products.

Joseph McCabe, Ascent Solar's Vice President of Business Development stated, "Ascent Solar is pleased to be working with BIPV innovators like Giscosa, particularly in European markets such as Spain, which we believe currently offer attractive incentives for PV solutions."

About Ascent Solar Technologies, Inc.:

Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules and is located in Littleton, Colorado. Please visit our website for additional information at

www.ascentsolar.com.

About Giscosa Sociedad Limitada of Spain:

Giscosa specializes in the distribution and manufacture of rubber membranes for roofing, reservoirs, and canals.

Safe Harbor Statement

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.

Source: Ascent Solar Technologies, Inc.





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