Ascent Solar Technologies, Inc.

Matthew Foster
President and CEO

(NASDAQ Capital: ASTI)

(BSE: AKC)
Safe Harbor:
Statements in this presentation 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 expresses 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 Securities and Exchange
Commission.

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The Company

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 Company Overview
• Ascent Solar Technologies Inc., manufactures “thin film”, monolithically
integrated photovoltaic (PV) modules roll-to-roll on lightweight flexible plastic.

• Ascent Solar uses copper, indium, gallium, selenium (CIGS) as its

semiconductor material -- about 1% of the total semiconductor material used in
typical crystalline silicon solar modules.

• Ascent Solar employs unique, roll-to-roll deposition manufacturing processes

that should allow rapid production of PV modules at significantly lower
cost /watt…potentially two to three times lower than traditional silicon.

• Monolithic integration eliminates entirely the labor intensive, back end assembly
of discrete cells into modules and greatly simplifies PV system installation.

• Ascent Solar modules can be customized into very large modules or even mini-
modules and many possible applications in between.

• Ascent Solar thin film modules enable direct integration into standard building
materials and consumer electronic packages.
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 Innovation
Ascent Solar - a developer and
manufacturer of state of the art,
thin-film photovoltaic materials
and modules.
• High efficiency polycrystalline PV on Plastic
• First to take monolithically integrated PV on plastic into production
CIGS technology on
PLASTICS:
• cheaper
• lighter
• flexible and more
compact

Ascent Solar modules incorporate only micron-level amounts of semiconductor

material - about 1% of the semiconductor material used in typical crystalline 5
silicon solar modules
 Experience
• Thin film photovoltaic
development began in 1994 at ITN
Energy Systems, Inc.

• Over $60 million invested in R&D

• Significant investment in capital

equipment and facilities

•Unique roll-to-roll manufacturing

with intelligent process controls

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Solar Markets

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AST Market Applications

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 World Energy Resources
Nuclear, 6.0%
Hydro, 6.0% Natural Gas, 23.0%

Renewables, 1.0%

Petroleum, 38.0%
Coal, 26.0%

Global Energy Resources

US Energy Resources
Nuclear, 8.1%
Hydro, 2.7% Natural Gas, 22.6%

Renewables, 3.4%

Petroleum, 40.4%

Coal, 22.8%

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Source: Energy Information Administration
Change is on the Way

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Source: U.S. Department of Energy
 Industry Growth
According to Photon-consulting:
• The overall PV market is expected
to grow at ~40% to 43% annually
through 2010 with growth
accelerating in ’09 and ’10 as the ~ $15-20 billion global solar market
silicon shortage subsides
• Non Traditional PV technologies
are expected to grow even faster
50%+ reaching ~20% market share
in 2010 from ~9% in 2005.

Key Drivers:
• Clean energy
• Global gov’t subsidy programs
• Energy independence
• Rising global electricity costs

Source: Photon-consulting 11
Manufacturing Innovations

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 Keep it Simple

• Less Material
• Roll-to-roll Automated Manufacturing
• Laser Patterned Integration
– No cell manufacturing, no cell sorting, no cell
mechanical integration…NO CELLS PERIOD!
– Module level manufacturing
– Building Integrated Solutions
– Electronic Integrated Solutions

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 Complexities of Silicon

Graphic source: Deutsche Bank, 3 October 2006 14

 Complexities of Silicon

Graphic source: Deutsche Bank, 3 October 2006 15

 Complexities of Silicon

Graphic source: Deutsche Bank, 3 October 2006 16

 Keep it Simple

Base metal feedstock

Graphic source: Deutsche Bank, 3 October 2006

Eliminate the wafer substrate manufacturing

Plastic Roll (substrate) 17

 Roll-to-roll Simplicity

Eliminate cell manufacturing and sorting Eliminate cell-to-cell module

assembly and handling

Continuous roll-to-roll processing

Module encapsulation
and finishing

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Pathway to Market

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 The Value Chain
PV Products PV Systems Customers

• Roof Installation
• PV Modules Architects
• Repair/Re-roof
• BIPV Products Commercial
• Building Systems
Builders
• PV Systems Integrators
• EIPV Products
Consumer
• PV Powered Electronics Electronics
• PV Systems
• Portable Power Systems
Specialty
Products
ASCENT SOLAR

STRATEGIC RELATIONSHIPS
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 Norsk Hydro - Strategic Investor/Partner
Norsk Hydro ASA (NYSE: NHY) is a Fortune 500 energy and aluminum
company with 30,000 employees in nearly 40 countries. Hydro is a leading
offshore producer of oil and gas, a major aluminum and building systems
supplier and a leader in the development of renewable energy sources.

Highlights of Hydro financial investment in Ascent Solar

– March 2007 - acquired 23% of common stock at 25% premium
– Call option to acquire 23% of Class A Warrants and Class B Warrants after
shareholder approval in June 07.
– Call option to acquire additional 12% (up to 35% total) of common stock, Class A
Warrants and Class B Warrants after 9 months from initial closing, subject to
shareholder approval
– Can acquire >35% of common stock via warrant exercise or open market purchase
after 24 months from initial closing.

Highlights of Hydro strategic investment in Ascent Solar

– Immediately explore joint development of BIPV product solutions
– Explore integration of building integrated PV (BIPV) into Hydro product brands
– Future deployment of BIPV building solutions through Hydro market channels
– Further develop PV integration opportunities across Hydro aluminum businesses

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 Hydro Building Systems

• Major Players in the Building Systems Market

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 Hydro Building Systems
HYDRO BRANDS
• Domal

• Technal

• Wicona

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 Electronics Module Integration
• Enables Electronic Integrated PV (EIPV)
products

• Monolithic integration allows for high voltages

in very small packages

• Significant reduction in size and cost

• Readily available power

• “Made-to-order” capability enables

custom packaging and integration

OR

• Commodity portable power solutions

– Handheld pocket power
– One package, multiple applications
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 The Future

“The AST vision is to see the day when BIPV

and EIPV will become pervasive in the
everyday lives of peoples throughout the
world by delivering affordable solutions for all
to benefit from renewable low cost electricity.”
Ascent Solar President and CEO
Matthew Foster

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Contact Information
ADDITIONAL INFORMATION
(NASDAQ Capital: ASTI)
(BSE: AKC)
Jim Blackman (Investor Relations)
PR Financial Marketing
(713) 256-0369
jimblackman@prfinancialmarketing.com

&
Kelly Brandner (Media Relations)
(303) 289-4303
kellybrandner@msn.com

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