Ascent Solar Investor Presentation

8/14/2019 Ascent Solar Investor Presentation

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Ascent Solar Technologies, Inc.Matthew Foster

President and CEO

(NASDAQ Capital: ASTI)

(BSE: AKC)


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Safe Harbor:

Statements in this presentation that are not statements of historical

or current fact constitute "forward-looking statements." Suchforward-looking statements involve known and unknown risks,uncertainties and other unknown factors that could cause theCompany's actual operating results to be materially different fromany historical results or from any future results expresses or implied

by such forward-looking statements. In addition to statements thatexplicitly describe these risks and uncertainties, readers are urgedto 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 fromtime to time in the Company's filings with Securities and ExchangeCommission.


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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 itssemiconductor material -- about 1% of the total semiconductor material used intypical crystalline silicon solar modules.

Ascent Solar employs unique, roll-to-roll deposition manufacturing processesthat should allow rapid production of PV modules at significantly lowercost /wattpotentially two to three times lower than traditional silicon.

Monolithic integration eliminates entirely the labor intensive, back end assemblyof 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 buildingmaterials and consumer electronic packages.


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InnovationAscent Solar- a developer andmanufacturer of state of the art,

thin-film photovoltaic materialsand 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 crystallinesilicon solar modules


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Experience Thin film photovoltaicdevelopment began in 1994 at ITN

Energy Systems, Inc.

Over $60 million invested in R&D

Significant investment in capitalequipment and facilities

Unique roll-to-roll manufacturingwith intelligent process controls


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Solar Markets


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AST Market Applications


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World Energy Resources

Natural Gas, 22.6%

Renewables, 3.4%

Coal, 22.8%

Petroleum, 40.4%

Hydro, 2.7%Nuclear, 8.1%

Natural Gas, 23.0%

Renewables, 1.0%

Coal, 26.0%

Petroleum, 38.0%

Hydro, 6.0%Nuclear, 6.0%

US Energy Resources

Global Energy Resources

Source: Energy Information Administration


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Source: U.S. Department of Energy

Change is on the Way


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Industry GrowthAccording to Photon-consulting:

The overall PV market is expectedto grow at ~40% to 43% annuallythrough 2010 with growthaccelerating in 09 and 10 as thesilicon shortage subsides

Non Traditional PV technologiesare expected to grow even faster50%+ reaching ~20% market share

in 2010 from ~9% in 2005.

Key Drivers:

Clean energy

Global govt subsidy programs Energy independence

Rising global electricity costs

~ $15-20 billion global solar market

Source: Photon-consulting


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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 cellmechanical integrationNO 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


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Keep it Simple


Base metal feedstock

Plastic Roll (substrate)

Eliminate the wafer substrate manufacturing


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Roll-to-roll Simplicity

Module encapsulationand finishing

Continuous roll-to-roll processing

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

assembly and handling


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Pathway to Market


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Roof Installation

Architects

PV Products PV Systems Customers

Commercial

Builders

Consumer

Electronics

SpecialtyProducts

PV Modules

BIPV Products

Repair/Re-roof

Building Systems

PV Systems Integrators

ASCENT SOLAR

STRATEGIC RELATIONSHIPS

PV Systems

The Value Chain

PV Powered Electronics

EIPV Products

Portable Power Systems


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Norsk Hydro ASA (NYSE: NHY) is a Fortune 500 energy and aluminumcompany with 30,000 employees in nearly 40 countries. Hydro is a leadingoffshore 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 aftershareholder approval in June 07.

Call option to acquire additional 12% (up to 35% total) of common stock, Class AWarrants and Class B Warrants after 9 months from initial closing, subject toshareholder approval

Can acquire >35% of common stock via warrant exercise or open market purchaseafter 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

Norsk Hydro - Strategic Investor/Partner


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Hydro Building Systems

Major Players in the Building Systems Market


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Domal

Technal

Wicona

Hydro Building SystemsHYDRO BRANDS


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Enables Electronic Integrated PV (EIPV)products

Monolithic integration allows for high voltagesin 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

Electronics Module Integration


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The AST vision is to see the day when BIPVand EIPV will become pervasive in theeveryday lives of peoples throughout theworld by delivering affordable solutions for allto benefit from renewable low cost electricity.

Ascent Solar President and CEO

Matthew Foster

The Future


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Contact Information

ADDITIONAL INFORMATION(NASDAQ Capital: ASTI)

(BSE: AKC)

Jim Blackman (Investor Relations)

PR Financial Marketing(713) 256-0369

[email protected]

&

Kelly Brandner (Media Relations)(303) 289-4303

[email protected]

Ascent Solar Investor Presentation

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