CST: 27/05/2016 16:56:05   

Ascent Solar Fully Retires Senior Secured Convertible Notes

120 Days ago

THORNTON, CO--(Marketwired - Jan 28, 2016) -  Ascent Solar Technologies, Inc. (NASDAQ: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the Company's EnerPlex™ series of consumer products, announced today that the Company has fully retired it's senior secured convertible notes ("Notes"). The Company had previously announced on December 22, 2015 that the remaining principal balance of the Notes then were approximately $52,000.

"We are pleased to have completed the debt restructuring exercise that was announced back in September 2015," commented Victor Lee, President and CEO of Ascent Solar Technologies, Inc. "All our assets will be officially released by the note holder, which will give the Company more financial flexibility going forward."

About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible plastic substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules, which were named one of TIME Magazine's 50 best inventions for 2011, can be directly integrated into consumer products and off-grid applications, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.goenerplex.com and www.ascentsolar.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.

Ascent Solar Technologies, Inc.
Investor and Media Relations
Adam Holdsworth
Investor Relations
PCG Advisory Group
adamh@pcgadvisory.com
+1-646-862-4607

Sean Leous
Media Relations
PCG Advisory Group
sleous@pcgadvisory.com
+1-646-863-8998