Ascent Solar Enters into a Joint Development Agreement with GlobalWatt, Inc.

October 21, 2010

THORNTON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of flexible thin-film solar modules, announced today that it has partnered with GlobalWatt, Inc., a specialty solar applications company, to develop a new line of adaptable, retractable solar modules to quickly add an extra source of power to existing solar applications. The integration of an additional power unit without the weight and rigidity of a standard crystalline solar module will change the dynamics of existing and new specialty solar applications. In today’s world, DC based applications such as solar powered generators, water purifiers, and refrigeration systems are limited by how quickly the batteries can be recharged. In times of heavy usage or workload, these new solar modules will allow for faster charging and longer usage time, both without the need to add heavy solar modules.

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