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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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Complexities of Silicon
Graphic source: Deutsche Bank, 3 October 2006
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Complexities of Silicon
Graphic source: Deutsche Bank, 3 October 2006
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Keep it Simple
Graphic source: Deutsche Bank, 3 October 2006
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
&
Kelly Brandner (Media Relations)(303) 289-4303
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