THORNTON, Colo.--(BUSINESS WIRE)--

Ascent Solar Technologies, Inc. (NASDAQ:ASTI - News), a developer of flexible CIGS solar panels, has been named a development partner for Bye Aerospace Inc.s innovative aircraft programs for the aerospace and defense markets.

George Bye, Chairman and CEO of Bye Aerospace, said solar energy is a key component to several of Bye Aerospaces programs. One concept currently in development, the Silent Guardian unmanned aerial vehicle (UAV), relies on thin film solar photovoltaics (PV), stored electric power and other technologies to enhance its potential for long endurance, quiet operations and low emissions, he said. With Ascent Solar as a development partner, our development time should improve drastically.

Victor Lee, President and CEO of Ascent Solar Technologies, said, We are pleased to partner with Bye Aerospace and look forward to furthering their development efforts with our lightweight, durable, flexible thin-film solar modules. Ascent Solars transformational technology enables renewable power generation in aircraft applications while adding minimal weight to the vehicle. We are excited to apply our technology in collaboration with Bye Aerospace to develop a new generation of UAVs.

AboutAscent Solar Technologies, Inc.

Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible substrate materials that can transform the way solar power generation integrates into everyday life. Ascent Solar modules, which were named one of TIME Magazines 50 best inventions for 2011, can be directly incorporated into standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. For more information, go to http://www.AscentSolar.com.

AboutBye Aerospace

Bye Aerospace, founded in 2007 and headquartered near Denver, is applying clean energy solutions to innovative aircraft designs for the aerospace and defense markets. For more information, go towww.ByeAerospace.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 theSecurities and Exchange Commission.

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Ascent Solar Named Bye Aerospace Development Partner