Ascent Solar Provides Clarification of SeekingAlpha Article

THORNTON, CO and WASHINGTON, DC--(Marketwired - Dec 30, 2015) - 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 the Company was incorrectly included in a SeekingAlpha post dated 12/29/15.

The SeekingAlpha article (http://seekingalpha.com/pr/15737566-acacia-subsidiary-enters-into-settlement-and-patent-license-agreement-with-reflectix-inc) incorrectly stated that Ascent Solar had entered into a legal settlement and patent license agreement with Reflectix Inc. The article has since been amended to correctly state that Acacia Research Corporation, not Ascent Solar, has entered into an agreement with Reflectix.

On December 29th, Ascent Solar did announce the Company was awarded its second patent of December 2015, pertaining to the Company's solar manufacturing process, and continued leadership in thin-film CIGS solar technology; this information is correctly presented on the company's website (http://investors.ascentsolar.com/releasedetail.cfm?ReleaseID=948228) and now on SeekingAlpha (http://seekingalpha.com/news/3005696-ascent-discloses-new-patent-shares-plus-24_4-percent).

About Ascent Solar Technologies and EnerPlex:

Ascent Solar Technologies, Inc. is a developer of award winning 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. EnerPlex is the Company's brand of consumer products and is a division of Ascent Solar. Ascent Solar and EnerPlex are 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.