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Ascent Solar Technologies Inc

(ASTI)
Power - Deals and Alliances Profile

Report Code: GDPE11490D


Published: May 2018
Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Company Snapshot

Company Overview Key Facts


Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin- Ascent Solar Technologies Inc, Power, Key Facts, 2017
film photovoltaic modules. It pioneered the thin-film copper-indium-gallium-diselenide
Web Address www.ascentsolar.com
(CIGS) photovoltaic technology. The company employs monolithic integration process, Revenue (US$ million) 0.64
which helps improve efficiency and durability; and results in weight savings, enhancing Number of Employees 71
the potential to transform the way solar power is used. The company’s product portfolio
GlobalData
includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare
modules.

Financial Deals Landscape


Ascent Solar Technologies Inc, Power, Deals by Type, 2012 to YTD 2018 Ascent Solar Technologies Inc, Power, Deals By Year, 2012 to YTD
2018

Note: Deals include all announced deals from 2012 onwards, GlobalData
Note: Deals include all announced deals from 2012 onwards,
GlobalData

Ascent Solar Technologies Inc, Power, Deals By Region, 2012 to YTD Ascent Solar Technologies Inc, Power, Deals By Sector, 2012 to YTD
2018 2018

Note: Deals include all announced deals from 2012 onwards,


Note: Deals include all announced deals from 2012 onwards, GlobalData
GlobalData

Ascent Solar Technologies Inc, Power, Deals Summary, 2012 to YTD 2018
Year No. of Deals Deal Value (US$ million)
2012 2 15.00
2013 2 6.00
2014 6 656.96
2015 5 39.80
2016 3 7.30
2017 5 22.50
YTD 2018 NA NA
Note: Deals include all announced power energy deals from 2012 onwards, deal values included wherever disclosed, GlobalData

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Table of Contents
Table of Contents ............................................................................................................................................................................... 3
List of Tables.................................................................................................................................................................................. 5
List of Figures ................................................................................................................................................................................ 5
Ascent Solar Technologies Inc, Power, Deals By Year, 2012 to YTD 2018 ......................................................................................... 6
Ascent Solar Technologies Inc, Power Deals By Type, 2012 to YTD 2018 .......................................................................................... 7
Ascent Solar Technologies Inc, Power, Deals By Region, 2012 to YTD 2018 ..................................................................................... 8
Ascent Solar Technologies Inc, Power, Deals By Sector, 2012 to YTD 2018 ...................................................................................... 9
Ascent Solar Technologies Inc, Power, Deals Summary, 2012 to YTD 2018 .................................................................................... 10
Ascent Solar Technologies Inc, Power, Deal Details ........................................................................................................................ 12
Partnerships ................................................................................................................................................................................ 12
Ascent Solar Technologies To Form Joint Venture With Suqian Government ....................................................................... 12
Equity Offering ............................................................................................................................................................................ 13
Ascent Solar Technologies to Raise USD20 Million in Private Placement of Preferred Shares .............................................. 13
Ascent Solar Technologies Raises USD0.1 Million in Private Placement of 10% Series J-1 Preferred Stock .......................... 14
Ascent Solar Raises USD0.2 Million in Private Placement of Preference Shares ................................................................... 15
Ascent Solar Technologies to Raise USD7 Million in Private Placement of Shares ................................................................ 16
Ascent Solar Technologies to Raise up to USD2.8 Million in Private Placement of 7% Series E Preferred Stock .................. 18
Ascent Solar Technologies to Raise USD32.2 Million in Private Placement of Shares ........................................................... 19
Ascent Solar Technologies to Raise USD2.8 Million in Private Placement of Convertible Preferred Stock ........................... 20
Ascent Solar Technologies Raises USD1 Million in Private Placement of Shares ................................................................... 21
Ascent Solar Technologies Raises USD1 Million in Private Placement of Shares ................................................................... 22
Ascent Solar Technologies Raises USD3 Million in Private Placement of Shares ................................................................... 23
Ascent Solar Technologies Raises USD8 Million in Private Placement of Shares ................................................................... 25
Ascent Solar Technologies Raises USD2.6 Million in Second Tranche of Private Placement of Shares ................................. 26
Ascent Solar Technologies Raises USD3 Million in Second Tranche of Private Placement of Preferred Shares .................... 27
Ascent Solar Technologies Completes Second Tranche Of Private Placement Of Preferred Stock For US$10 Million .......... 28
Ascent Solar Technologies Completes Third And Final Tranche Of Private Placement Of Preferred Shares For US$2 Million
................................................................................................................................................................................................ 29
Ascent Solar Completes Public Offering Of Shares For US$11 Million ................................................................................... 30
Debt Offering .............................................................................................................................................................................. 31
Ascent Solar Technologies Raises USD1.5 Million in Private Placement of Notes Due 2019 ................................................. 31
Ascent Solar Technologies Raises USD0.3 Million in Private Placement of 12% Note Due 2017 ........................................... 32
Ascent Solar Technologies Raises USD0.4 Million in Private Placement of 12% Note Due 2017 ........................................... 33
Ascent Solar Technologies Raises USD0.3 Million in Private Placement of 12% Note due 2017 ........................................... 34
Ascent Solar Technologies Raises USD32 Million in Private Placement of 7% Notes Due 2018 ............................................ 35
Acquisition................................................................................................................................................................................... 36
TFG Radiant Investment Completes Acquisition Of Additional 19.6% Stake In Ascent Solar Technologies For US$4 Million36
Ascent Solar Technologies Inc - Key Competitors ............................................................................................................................ 37
Ascent Solar Technologies Inc - Key Employees .............................................................................................................................. 38
Ascent Solar Technologies Inc - Locations And Subsidiaries ............................................................................................................ 39
Head Office.................................................................................................................................................................................. 39
Recent Developments ...................................................................................................................................................................... 40
Apr 02, 2018: Ascent Solar Completes Shipment of its First Ultralight Thin-Film Modules for High-Altitude Airship Applications 40
Mar 29, 2018: Ascent Solar Announces Improved FY2017 Results ................................................................................................. 41
Feb 20, 2018: Ascent Solar's Monolithically Integrated Thin-Film Solar Selected for Further Testing for Deep Space Exploration
by the German Aerospace Center.................................................................................................................................................... 42
Feb 09, 2018: Ascent Solar Launches New 48 Watt Portable Solar Charger ................................................................................... 43
Jan 08, 2018: Ascent Solar enters into distribution partnership with Raven Concealment Systems .............................................. 44
Nov 30, 2017: Ascent Solar Launches Newly Designed Ascent XD12 USB Solar Charger ................................................................ 45
Nov 14, 2017: Ascent Solar Announces Further Improvement in Third Quarter 2017 Financial Results ........................................ 46
Sep 13, 2017: Ascent Solar Selected by PowerKeep to Develop and Supply Solar Panels for the Energizer PowerKeep Line of
Solar Products .................................................................................................................................................................................. 47

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Aug 15, 2017: Ascent Solar Announces Further Improvement in Second Quarter 2017 Financial Results ..................................... 48
Jul 25, 2017: Ascent Solar Delivers First Shipment of A Major Contract to Supply High-Voltage Superlight Thin-Film Modules for
High Altitude Aerospace Application ............................................................................................................................................... 49
Jul 11, 2017: Ascent Solar Welcomes World Renowned Scientist Dr. Miguel Contreras as Director of Process Engineering......... 50
May 19, 2017: Ascent Solar Announces Improved First Quarter 2017 Results ............................................................................... 51
Apr 17, 2017: Ascent Solar Announces FY2016 Results ................................................................................................................... 52
Feb 27, 2017: Ascent Solar Signs Major Agreement with Hong Kong Based Consumer Goods Supplier ........................................ 53
Feb 23, 2017: Ascent Solar's Quality Management System Achieves ISO 9001:2015 Certification ................................................ 54
Jan 19, 2017: Ascent Solar Clinches Major Contract to Supply High-Voltage Superlight Thin-Film Modules for High Altitude
Aerospace Application ..................................................................................................................................................................... 55
Jan 17, 2017: Ascent Solar and EnerPlex Exhibit at the 2017 CES Trade Show ............................................................................... 56
Appendix .......................................................................................................................................................................................... 57
Methodology ............................................................................................................................................................................... 57
About GlobalData ........................................................................................................................................................................ 57
Contact Us ................................................................................................................................................................................... 57
Disclaimer.................................................................................................................................................................................... 57

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

List of Tables
Ascent Solar Technologies Inc, Power, Key Facts, 2017..................................................................................................................... 2
Ascent Solar Technologies Inc, Power, Deals Summary, 2012 to YTD 2018 ...................................................................................... 2
Ascent Solar Technologies Inc, Power, Deals By Year, 2012 to YTD 2018 ......................................................................................... 6
Ascent Solar Technologies Inc, Power Deals By Type, 2012 to YTD 2018 .......................................................................................... 7
Ascent Solar Technologies Inc, Power, Deals By Region, 2012 to YTD 2018 ..................................................................................... 8
Ascent Solar Technologies Inc, Deals By Sector, 2012 to YTD 2018 .................................................................................................. 9
Ascent Solar Technologies Inc, Power, Deals Summary, 2012 to YTD 2018 .................................................................................... 10
Ascent Solar Technologies To Form Joint Venture With Suqian Government................................................................................. 12
Ascent Solar Technologies to Raise USD20 Million in Private Placement of Preferred Shares ....................................................... 13
Ascent Solar Technologies Raises USD0.1 Million in Private Placement of 10% Series J-1 Preferred Stock.................................... 14
Ascent Solar Raises USD0.2 Million in Private Placement of Preference Shares ............................................................................. 15
Ascent Solar Technologies to Raise USD7 Million in Private Placement of Shares .......................................................................... 16
Ascent Solar Technologies to Raise up to USD2.8 Million in Private Placement of 7% Series E Preferred Stock ............................ 18
Ascent Solar Technologies to Raise USD32.2 Million in Private Placement of Shares ..................................................................... 19
Ascent Solar Technologies to Raise USD2.8 Million in Private Placement of Convertible Preferred Stock ..................................... 20
Ascent Solar Technologies Raises USD1 Million in Private Placement of Shares............................................................................. 21
Ascent Solar Technologies Raises USD1 Million in Private Placement of Shares............................................................................. 22
Ascent Solar Technologies Raises USD3 Million in Private Placement of Shares............................................................................. 23
Ascent Solar Technologies Raises USD8 Million in Private Placement of Shares............................................................................. 25
Ascent Solar Technologies Raises USD2.6 Million in Second Tranche of Private Placement of Shares ........................................... 26
Ascent Solar Technologies Raises USD3 Million in Second Tranche of Private Placement of Preferred Shares ............................. 27
Ascent Solar Technologies Completes Second Tranche Of Private Placement Of Preferred Stock For US$10 Million ................... 28
Ascent Solar Technologies Completes Third And Final Tranche Of Private Placement Of Preferred Shares For US$2 Million ....... 29
Ascent Solar Completes Public Offering Of Shares For US$11 Million ............................................................................................ 30
Ascent Solar Technologies Raises USD1.5 Million in Private Placement of Notes Due 2019 .......................................................... 31
Ascent Solar Technologies Raises USD0.3 Million in Private Placement of 12% Note Due 2017 .................................................... 32
Ascent Solar Technologies Raises USD0.4 Million in Private Placement of 12% Note Due 2017 .................................................... 33
Ascent Solar Technologies Raises USD0.3 Million in Private Placement of 12% Note due 2017..................................................... 34
Ascent Solar Technologies Raises USD32 Million in Private Placement of 7% Notes Due 2018 ...................................................... 35
TFG Radiant Investment Completes Acquisition Of Additional 19.6% Stake In Ascent Solar Technologies For US$4 Million ........ 36
Ascent Solar Technologies Inc, Key Competitors ............................................................................................................................. 37
Ascent Solar Technologies Inc, Key Employees ............................................................................................................................... 38

List of Figures
Ascent Solar Technologies Inc, Power, Deals by Type, 2012 to YTD 2018 ......................................................................................... 2
Ascent Solar Technologies Inc, Power, Deals By Year, 2012 to YTD 2018 ......................................................................................... 2
Ascent Solar Technologies Inc, Power, Deals By Region, 2012 to YTD 2018 ..................................................................................... 2
Ascent Solar Technologies Inc, Power, Deals By Sector, 2012 to YTD 2018 ...................................................................................... 2
Ascent Solar Technologies Inc, Power, Deals By Year, 2012 to YTD 2018 ......................................................................................... 6
Ascent Solar Technologies Inc, Power, Deals by Type, 2012 to YTD 2018 ......................................................................................... 7
Ascent Solar Technologies Inc, Power, Deals By Region, 2012 to YTD 2018 ..................................................................................... 8
Ascent Solar Technologies Inc, Power, Deals by Sector, 2012 to YTD 2018 ...................................................................................... 9

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Inc, Power, Deals By Year, 2012 to YTD 2018

Ascent Solar Technologies Inc, Power, Deals By Year, 2012 to YTD 2018

Note: Deals include all announced power energy deals from 2012 onwards, deal values included wherever disclosed.
GlobalData

Ascent Solar Technologies Inc's, deal volume increased from three power energy deals in 2016 to five power energy deals in 2017. No deals
were reported by the company in YTD 2018.

Ascent Solar Technologies Inc, Power, Deals By Year, 2012 to YTD 2018

Year No. of Deals Deal Value (US$ million)


2012 2 15.00
2013 2 6.00
2014 6 656.96
2015 5 39.80
2016 3 7.30
2017 5 22.50
YTD 2018 NA NA
Note: Deals include all announced power energy deals from 2012 onwards, deal values included wherever disclosed.
GlobalData
Above data is extracted from GlobalData’s Deals and Alliances Profile.

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Inc, Power Deals By Type, 2012 to YTD 2018

Ascent Solar Technologies Inc, Power, Deals by Type, 2012 to YTD 2018

Note: Deals include all announced deals from 2012 onwards


GlobalData

Ascent Solar Technologies Inc’s deals activity has been reportedly focusing on equity offerings with 16 power deals during the period 2012 to
YTD 2018.

Ascent Solar Technologies Inc, Power Deals By Type, 2012 to YTD 2018
Deal Type No. of Deals Deal Value (US$ million)
Equity Offerings 16 709.06
Debt Offerings 5 34.50
Acquisition 1 4.00
Partnerships 1 NA
Note: Deals include all announced power energy deals from 2012 onwards, deal values included wherever disclosed.
GlobalData

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Inc, Power, Deals By Region, 2012 to YTD 2018

Ascent Solar Technologies Inc, Power, Deals By Region, 2012 to YTD 2018

Note: Deals include all announced power energy deals from 2012 onwards, deal values included wherever disclosed.
GlobalData

Ascent Solar Technologies Inc’s, power, deals activity has been reportedly focusing on North America with 22 deals worth $747.56 million
during the period 2012 to YTD 2018.

Ascent Solar Technologies Inc, Power, Deals By Region, 2012 to YTD 2018
Region No. of Deals Deal Value (US$ million)
North America 22 747.56
Asia-Pacific 1 NA
Middle East and Africa NA NA
South and Central America NA NA
Note: Deals include all announced power energy deals from 2012 onwards, deal values included wherever disclosed.
GlobalData

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Inc, Power, Deals By Sector, 2012 to YTD 2018

Ascent Solar Technologies Inc, Power, Deals by Sector, 2012 to YTD 2018

Note: Deals include all announced deals from 2012 onwards, GlobalData

Ascent Solar Technologies Inc’s power deals activity has been focusing on power equipment and services sector with 23 deals during the
period 2012 to YTD 2018.

Ascent Solar Technologies Inc, Deals By Sector, 2012 to YTD 2018


Sector No. of Deals Deal Value (US$ million)
Power Equipment and Services 23 747.56
Note: Deals include all announced power energy deals from 2012 onwards, deal values included wherever disclosed.
GlobalData

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Inc, Power, Deals Summary, 2012 to YTD 2018

Ascent Solar Technologies Inc, Power, Deals Summary, 2012 to YTD 2018
Deal Date Deal Status Deal Type Sponsor/ Owner/ Target / Issuer / Vendor/ Debt Deal Value
Acquirer Partner (s) Provider / Grant (US$ m)
Provider /
Investor
12-Sep-2017 Completed Debt Offering St. George Ascent Solar 1.50
Investments LLC Technologies Inc
21-Apr-2017 Completed Debt Offering Undisclosed Ascent Solar 0.30
Investor Technologies Inc
24-Mar-2017 Completed Debt Offering Undisclosed Ascent Solar 0.40
Investor Technologies Inc
08-Feb-2017 Announced Equity Offering Hong Kong Boone Ascent Solar 20.00
Group Ltd Technologies Inc
07-Feb-2017 Completed Debt Offering Undisclosed Ascent Solar 0.30
Investor Technologies Inc
19-Oct-2016 Completed Equity Offering Undisclosed Ascent Solar 0.10
Investor(s) Technologies Inc
26-Sep-2016 Completed Equity Offering Undisclosed Ascent Solar 0.20
Investor(s) Technologies Inc
19-Jan-2016 Announced Equity Offering Redwood Ascent Solar 7.00
Management, LLC Technologies Inc
11-Nov-2015 Announced Equity Offering Undisclosed Ascent Solar 32.20
Investor(s) Technologies Inc
11-Nov-2015 Announced Equity Offering Undisclosed Ascent Solar 2.80
Investor(s) Technologies Inc
04-Nov-2015 Announced Equity Offering Undisclosed Ascent Solar 2.80
Investor(s) Technologies Inc
10-Jul-2015 Completed Equity Offering TFG Radiant Ascent Solar 1.00
Investment Group, Technologies Inc
Ltd.
17-Apr-2015 Completed Equity Offering TFG Radiant Ascent Solar 1.00
Investment Group, Technologies Inc
Ltd.
20-Nov-2014 Completed Debt Offering Undisclosed Ascent Solar 32.00
Investor(s) Technologies Inc
20-Nov-2014 Completed Equity Offering Undisclosed Ascent Solar 3.00
Investor(s) Technologies Inc
11-Nov-2014 Completed Equity Offering Seng Wei Seow, Ascent Solar 8.00
TFG Radiant Technologies Inc
Investment Group,
Ltd.
11-Aug-2014 Completed Equity Offering Shtard Enterprise Ascent Solar 3.96
Ltd Technologies Inc
29-May-2014 Completed Equity Offering Ironridge Ascent Solar 600.00
Technology Co. Technologies Inc
07-Feb-2014 Completed Equity Offering Ironridge Ascent Solar 10.00
Technology Co. Technologies Inc
28-Dec-2013 Announced Partnership Ascent Solar
Technologies Inc,
Government of
the Municipal City
of Suqian in
Jiangsu Province
15-Aug-2013 Completed Equity Offering Undisclosed Ascent Solar 6.00
Investor(s) Technologies Inc
25-Sep-2012 Completed Equity Offering Ascent Solar 11.00
Technologies Inc

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

02-Apr-2012 Completed Acquisition TFG Radiant Ascent Solar Hydroenergi AS 4.00


Investment Group, Technologies Inc
Ltd.
Note: Deals include all power energy deals from 2012 onwards, deal values included wherever disclosed.
GlobalData

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Inc, Power, Deal Details


Partnerships
Ascent Solar Technologies To Form Joint Venture With Suqian Government

Ascent Solar Technologies To Form Joint Venture With Suqian Government


Deal Type Partnerships Deal Sub Type Joint Venture
Deal in Brief
Ascent Solar Technologies, Inc., a manufacturer of thin-film photovoltaic modules, agreed to form a joint venture with the Government of the Municipal City
of Suqian in Jiangsu Province, China, to build a 100MW factory over six years to manufacture thin-film copper-indium-gallium-selenium (CIGS) photovoltaic
modules on flexible polyimide in addition to related consumer products. Under the terms of the agreement, Suqian Government will provide cash of
approximately US$32.5m as well as five year rent-free use of approximately 331,000 sq ft of factory and office space in the Suqian Economic and Industrial
Development Science Park. In the initial phase of the project, Ascent Solar Technologies and Suqian Government will form a JV in which Suqian Government
will invest approximately US$4.8m in cash and will own 75% interest, while Ascent Solar Technologies will invest approximately US$1.6m in cash and own
the remaining 25% interest. Subsequently, during 2014 Suqian will further invest the balance of the committed US$32.5m while Ascent Solar Technologies
will contribute its proprietary technology and intellectual property, as well as certain equipment from its Colorado facility, thereby increasing its
shareholdings progressively up to 80% ownership.In addition, Suqian will also provide a package of additional incentives including: (i) a five years corporate
tax holiday and a further 50% tax rebate over the next five years, (ii) full rebate of value-added tax for the first two years and 50% rebate for the subsequent
three years, (iv) free accommodations for up to three years for key scientists, engineers and management personnel of the JV, (iv) as phase two of this
program is implemented, Ascent Solar Technologies will have the option to purchase approximately 215,000 sq ft of land zoned for commercial usage at a
favorable price at 10% above the government's prevailing cost, which may generate income for Ascent Solar Technologies. The JV is expected to operate an
end-to-end manufacturing plant of 25 MW capacity and related consumer products by the first quarter of 2016. Further, Ascent Solar Technologies has a
right to purchase the factory within five years at the initial construction cost, and will also hold the right to purchase Suqian Government's interest in the JV
after 5 years at 1.5 times of Suqian Government's cash cost. The new agreement replaces and supersedes the previous framework agreement between
Ascent Solar Technologies and Suqian announced on July 9, 2013.Victor Lee, president and CEO of Ascent Solar Technologies, said, “The signing of this
definitive agreement is a strong endorsement of Ascent's industry leading flexible CIGS technology. This partnership enables us to accelerate our
transformational consumer-centric strategy with the EnerPlex consumer brand and specialty off-grid applications given China's huge and growing consumer
base and readily available contract manufacturers." Mr. Lan Shao Min, top leader and governor of the Municipal City of Suqian, said, "We are very excited
and honored to be partnering with Ascent Solar. The Suqian Government is fully committed to this partnership and shall provide the utmost support and
incentives to Ascent. We are convinced that CIGS, and more specifically Ascent's proprietary CIGS technology utilizing a flexible plastic substrate, is the next
breakthrough in photovoltaics. The aim of our alliance with Ascent is to build a state of the art industrial park in Suqian for solar and solar-related products,
anchored by Ascent's manufacturing presence, as well as equipment suppliers, contract manufacturers and other supporting industries." Dr. Amit Kumar,
chairman of Ascent Solar Technologies, said, "We are pleased with progressing our alliance with Suqian. The funding and other subsidies will enable Ascent
to develop the scale of manufacturing needed to bring the cost of CIGS down substantially, and provide product for the large demand we expect to see in
the next few years. The combination of cost reduction and high margin EnerPlex products along with other specialty market applications will enable Ascent
to transition to its next stage as a high-growth company. The alliance with Suqian will provide a means for Ascent to build positive cash flow from numerous
sources."
Deal Information
Deal Status Announced
Announced Date 28-Dec-2013
Companies Information
Partner Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group, Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-film copper-indium-
gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps improve efficiency and durability; and
results in weight savings, enhancing the potential to transform the way solar power is used. The company’s product portfolio includes Ascent XD-12 and XD-
48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar offers its products to building integrated photovoltaic (BIPV), consumer
electronics and off-grid applications electronic integrated photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial
vehicles, government, military and public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
Company Name Government of the Municipal City of
Suqian in Jiangsu Province
GlobalData

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Equity Offering
Ascent Solar Technologies to Raise USD20 Million in Private Placement of Preferred Shares

Ascent Solar Technologies to Raise USD20 Million in Private Placement of Preferred Shares
Deal Type Equity Offering Deal Sub Type PIPE
Deal in Brief
Ascent Solar Technologies, Inc., a developer and manufacturer of thin-film photovoltaic modules using substrate materials, has announced a private
placement of 20,000 series K convertible preferred shares at a price of USD1,000 per share, for gross proceeds of USD20 million. The placement will be
subscribed to by Hong Kong Boone Group Limited.Pursuant to the transaction, the company intends to complete the first tranche of the placement by
issuing a total of 1,000 shares of series K preferred, for gross proceeds of USD1 million. The company will issue 4,000 additional shares of series K preferred
stock for aggregate gross proceeds of USD4 million, in four closings scheduled to occur in March, April, May and June 2017. A final closing is expected to
occur in July 2017, when the company will issue 15,000 additional shares of series K preferred stock in exchange for gross proceeds of USD15 million. The
July 2017 closing will be conditioned on mutually satisfactory conditions regarding the use of such USD15 million proceeds. In the event the investor defaults
in closing on any tranche of the series K preferred stock, the company would be entitled to redeem 50% of the then outstanding shares of series K preferred
stock at a price per preferred share equal to the USD0.01.Under the terms of offering, the shares will be convertible at the option of Hong Kong Boone into
restricted common stock of the company at a fixed conversion price of USD0.004 per share, representing a premium of approximately 74% to the company's
per share closing bid price on the day prior to the signing of the agreement. The company is required to redeem for cash any outstanding shares of the
series K preferred shares at a price per share equal to USD1,000 plus any accrued but unpaid dividends (if any) thereon on the fifth anniversary of the date
of the original issue of such shares. There are no dividends currently payable on this preferred stock, and will only incur dividends if the company pays
dividends to its common stock holders.The company intends to use the proceeds for ongoing working capital to continue to focus on the specialty PV
market.
Deal Rationale
The company intends to use the proceeds for ongoing working capital to continue to focus on the specialty PV market.
Deal Information
Deal Status Announced
Announced Date 08-Feb-2017
Deal Financials
Deal Value (US$ m) 20
Shares Issued 20,000
Offer Price (US$) 1,000
Offer Price (US$) 1,000
Companies Information
Acquirer Company Information
Company Name Hong Kong Boone Group Ltd
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group, Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-film copper-indium-
gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps improve efficiency and durability; and
results in weight savings, enhancing the potential to transform the way solar power is used. The company’s product portfolio includes Ascent XD-12 and XD-
48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar offers its products to building integrated photovoltaic (BIPV), consumer
electronics and off-grid applications electronic integrated photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial
vehicles, government, military and public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
Financial Information (Ascent Solar Technologies Inc)
(Trailing Twelve Months Ended 31-Dec-2015)
Number of Employees 119
Financial Ratios Information
EV/Revenues 0.84
EV/Total Assets 0.29
Cash Value Per Share (US$) 0
Net Assets Per Share Ratio (US$) 0
Book Value Per Share (US$) 0.13
GlobalData

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Raises USD0.1 Million in Private Placement of 10% Series J-1 Preferred Stock

Ascent Solar Technologies Raises USD0.1 Million in Private Placement of 10% Series J-1 Preferred Stock
Deal Type Equity Offering Deal Sub Type PIPE
Deal in Brief
Ascent Solar Technologies, Inc., a developer of thin-film photovoltaic modules, has completed the private placement of 100 10%series J-1
convertible preferred shares, for gross proceeds of USD0.1 million. The placement was subscribed to by accredited private investor.Earlier,
the company has entered into a securities purchase agreement with a new accredited investor for the private placement of USD1 million of
the newly designated series J-1 10% convertible preferred stock. The company will issue remaining 900 shares of series J-1 preferred stock
for gross proceeds of USD0.9 million in six subsequent tranches scheduled between November 2016 and February 2017.The company
intends to use the proceeds for working capital needs to focus on its solar PV market.
Deal Rationale
The company intends to use the proceeds for working capital needs to focus on its solar PV market.
Deal Information
Deal Status Completed
Completed Date 19-Oct-2016
Deal Financials
Deal Value (US$ m) 0.10
Companies Information
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
Share Price Information
Share Price Before 30 Days 0.01
(US$)
Share Price Before 1 Day (US$) 0.02
Financial Information (Ascent Solar Technologies Inc)
(Trailing Twelve Months Ended 31-Dec-2015)
Number of Employees 119
Financial Ratios Information
EV/Revenues 1.07
EV/Total Assets 0.37
Cash Value Per Share (US$) 0
Net Assets Per Share Ratio (US$) 0.03
Book Value Per Share (US$) 0.13
GlobalData

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Raises USD0.2 Million in Private Placement of Preference Shares

Ascent Solar Raises USD0.2 Million in Private Placement of Preference Shares


Deal Type Equity Offering Deal Sub Type PIPE
Deal in Brief
Ascent Solar Technologies, Inc., a developer of thin-film photovoltaic modules, has completed the private placement of 225 shares of series
J preferred stock, at a price of USD1,000 per share, for gross proceeds of USD0.22 million.Pursuant to the placement, shares of the series J
preferred stock, including the amount of any accrued and unpaid dividends thereon, will be convertible at the option of the investor into
common stock at a fixed conversion price of USD0.015 per share. There are no registration rights which are applicable to the series J
preferred stock. One year after issuance, the company is required to redeem for cash all or any portion of the outstanding shares of the
series J preferred stock at a price per share equal to USD1,000 plus any accrued but unpaid dividends thereon.The company intends to use
the proceeds from the offering for ongoing working capital needs.Deal History:Announced: On September 19, 2016, Ascent Solar has
announced private placement of 225 shares of the series J preferred stock, for gross proceeds of USD0.22 million.
Deal Rationale
The company intends to use the proceeds from the offering for ongoing working capital needs.
Deal Information
Deal Status Completed
Announced Date 19-Sep-2016
Completed Date 26-Sep-2016
Deal Financials
Deal Value (US$ m) 0.20
Shares Issued 225
Offer Price (US$) 1,000
Offer Price (US$) 1,000
Companies Information
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
Financial Information (Ascent Solar Technologies Inc)
(Trailing Twelve Months Ended 31-Dec-2015)
Number of Employees 119
Financial Ratios Information
EV/Revenues 0.84
EV/Total Assets 0.29
Cash Value Per Share (US$) 0
Net Assets Per Share Ratio (US$) 0.03
Book Value Per Share (US$) 0.13
GlobalData

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies to Raise USD7 Million in Private Placement of Shares

Ascent Solar Technologies to Raise USD7 Million in Private Placement of Shares


Deal Type Equity Offering Deal Sub Type PIPE
Deal in Brief
Ascent Solar Technologies, Inc., a developer and manufacturer of flexible thin-film photovoltaic modules, has agreed to issue 7,000 series F
preferred shares at a price USD1,000 per share to raise gross proceeds USD7 million in private placement. The offering was subscribed to
by an existing investor, Redwood Management LLC.Pursuant to the offering, up to 28,000,000 shares of common stock are issuable upon
conversion of the series F preferred shares at the fixed conversion price of USD0.25 per share. Also, additional shares of common stock
issuable upon conversion of the series F preferred shares at a variable alternate conversion price (if applicable). The series F preferred
shares are convertible into common stock at an initial fixed conversion price of USD0.25 per share of common stock. The series F preferred
shares may be converted into shares of common stock at any time at the option of the holder.Subject to the conditions, at the time of
closing, the buyer will pay USD0.5 million to the company, and remaining USD6.5 million will be paid by the buyer in 14 weekly increments
of USD0.5 million or USD0.25 million beginning from January 25, 2016 and ending April 25, 2016. The buyer is not required to continue to
make such weekly payments to us if (i) certain specified equity conditions are not met, (ii) we are in default of our obligations under the
purchase agreement or the certificate of designation for the series F preferred Shares, or (iii) the issuance of common stock upon
conversion or redemption of the series F preferred shares being funded would exceed the 19.99% issuance.Holders of the series F
preferred shares will be entitled to dividends in the amount of 7% per annum. Dividends are payable upon any conversion or redemption
of the series F preferred shares. Dividends are payable in shares of common stock or cash, at the option of the company.Ascent Solar will
make weekly redemption of series F preferred shares (including any accrued and unpaid dividends thereon) beginning February 15, 2016
and will redeem the greater of (i) 250 series F preferred shares or (ii) such number of series F preferred shares (including any accrued and
unpaid dividends) that would result upon redemption in the issuance of a number of shares of common stock equal to 12% of the
aggregate composite trading volume for our common stock during the preceding calendar week. The redemption price shall be payable in
cash at a price per share equal to USD1,250 plus any accrued but unpaid dividends thereon.The company intends to use the proceeds from
the offering for working capital, including the funding of continued operations, expansion of retail channels for products in the US, Europe
and Asia, the launch of additional EnerPlex products, and for other general corporate purposes.
Deal Rationale
The company intends to use the procceds from the offering for working capital, including the funding of continued operations, expansion
of retail channels for products in the US, Europe and Asia, the launch of additional EnerPlex products, and for other general corporate
purposes.
Deal Information
Deal Status Announced
Announced Date 19-Jan-2016
Deal Financials
Deal Value (US$ m) 7
Shares Issued 7,000
Offer Price (US$) 1,000
Offer Price (US$) 1,000
Companies Information
Acquirer Company Information
Company Name Redwood Management, LLC
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
Financial Information (Ascent Solar Technologies Inc)
(Trailing Twelve Months Ended 31-Dec-2014)
Number of Employees 119
Financial Ratios Information
EV/Revenues 2.75
EV/Total Assets 0.26

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Cash Value Per Share (US$) 0.03


Net Assets Per Share Ratio (US$) 0.06
Book Value Per Share (US$) 0.35
GlobalData

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies to Raise up to USD2.8 Million in Private Placement of 7% Series E Preferred Stock

Ascent Solar Technologies to Raise up to USD2.8 Million in Private Placement of 7% Series E Preferred Stock
Deal Type Equity Offering Deal Sub Type PIPE
Deal in Brief
Ascent Solar Technologies, Inc., a developer and manufacturer of flexible thin-film photovoltaic modules, has agreed to issue 7% series E
convertible preferred stock, for gross proceeds of up to USD2.8 million in a private placement. The placement will be subscribed to by
accredited private investor.Pursuant to the transaction, the company will issue an additional 500 shares of series E preferred stock to
investor in exchange for USD0.5 after the company's filing of a registration statement covering the re-sale of the common stock underlying
the series E preferred stock with the Securities Exchange Commission (SEC). The company will further issue an additional 1,300 shares of
series E preferred stock to investor in exchange for USD1.3 million upon the earlier of (i) December 19, 2015 or (ii) the effectiveness of the
company's registration statement.The shares (including the amount of any accrued and unpaid dividends thereon) will be convertible at
the option of the holder into common stock at a prevailing fixed conversion price equal to 80% of the average of the two lowest volume
weighted average prices (VWAP) of the company's common stock for the 10 consecutive trading day period prior to the conversion date.
There will not be any further adjustment of the conversion price on a forward looking basis or any true-up shares associated with each
conversion. Earlier, on November 4, 2015, the company issued 1,000 shares of series E preferred stock to investor in exchange for USD1
million Concurrently, the company agreed to raise USD32.2 million in a private placement of shares. The company intends to use the
proceeds for working capital purposes and also for its ongoing restructuring exercise of outstanding senior secured notes announced in
September and October of 2015.The placement is subject to stockholders approval.
Deal Rationale
The company intends to use the proceeds for working capital purposes and also for its ongoing restructuring exercise of outstanding senior
secured notes announced in September and October of 2015.
Deal Information
Deal Status Announced
Announced Date 11-Nov-2015
Deal Financials
Deal Value - Estimated
Maximum Value (US$ m) 2.80
Companies Information
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
Share Price Information
Share Price Before 30 Days 0.18
(US$)
Share Price Before 1 Day (US$) 0.12
Financial Information (Ascent Solar Technologies Inc)
(Trailing Twelve Months Ended 31-Dec-2015)
Number of Employees 119
Financial Ratios Information
EV/Revenues 2.25
EV/Total Assets 0.79
Cash Value Per Share (US$) 0
Net Assets Per Share Ratio (US$) 0.03
Book Value Per Share (US$) 0.13
GlobalData

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies to Raise USD32.2 Million in Private Placement of Shares

Ascent Solar Technologies to Raise USD32.2 Million in Private Placement of Shares


Deal Type Equity Offering Deal Sub Type PIPE
Deal in Brief
Ascent Solar Technologies, Inc., a developer and manufacturer of flexible thin-film photovoltaic modules, has agreed to raise USD32.2
million in a private placement of shares. The placement will be subscribed to by accredited private investor.Under the terms, the company
has the right to sell to investor, and investor is obligated to purchase of its common stock, subject to certain limitations, from time to time,
over the next 36 months.From time to time, the company may direct investor, at its sole discretion and subject to certain conditions, to
purchase an amount of shares of common stock up to the lesser of (i) USD1 million (calculated using the per share price) or (ii) 300% of the
average daily trading volume of the company's common stock over the preceding 10 trading day period. The per share purchase price for
shares of common stock to be sold by the company under the agreement at each draw down shall be fixed at 80% of the average of the
two lowest volume weighted average prices (VWAP) of the common stock for the 10 consecutive trading day period prior to the purchase
date.The company may not direct investor to purchase shares of common stock more frequently than once each 10 business days. The
company's sales of shares of common stock to investor under the agreement are limited to no more than the number of shares that would
result in the beneficial ownership by investor and its affiliates, at any single point in time, of more than 4.99% of the company's then
outstanding shares of common stock.Concurrently, the company agreed to issue series E 7% convertible preferred stock for gross proceeds
of USD2.8 million in a private placement.The company intends to use the proceeds for working capital purposes and also for its ongoing
restructuring exercise of outstanding senior secured notes which we announced in September and October of 2015.The placement is
subject to stockholders approval.
Deal Rationale
The company intends to use the proceeds for working capital purposes and also for its ongoing restructuring exercise of outstanding senior
secured notes which we announced in September and October of 2015.
Deal Information
Deal Status Announced
Announced Date 11-Nov-2015
Deal Financials
Deal Value (US$ m) 32.20
Companies Information
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
Financial Information (Ascent Solar Technologies Inc)
(Trailing Twelve Months Ended 31-Dec-2015)
Number of Employees 119
Financial Ratios Information
EV/Revenues 2.25
EV/Total Assets 0.78
Cash Value Per Share (US$) 0
Net Assets Per Share Ratio (US$) 0.03
Book Value Per Share (US$) 0.13
GlobalData

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies to Raise USD2.8 Million in Private Placement of Convertible Preferred Stock

Ascent Solar Technologies to Raise USD2.8 Million in Private Placement of Convertible Preferred Stock
Deal Type Equity Offering Deal Sub Type PIPE
Deal in Brief
Ascent Solar Technologies, Inc., a developer of thin-film photovoltaic modules, has entered into an agreement to issue series E 7%
convertible preferred stock for gross proceeds of USD2.8 million. The offering will be subscribed to by a private investor.Pursuant to the
transaction, on November 4, 2015, the company issued 1,000 shares of series E preferred stock to investor for USD1 million, will issue an
additional 500 shares of series E preferred stock to investor in exchange for USD0.5 million after the company's filing of a registration
statement covering the re-sale of the common stock underlying the series E preferred stock with the SEC. The company will further issue
an additional 1,300 shares of series E preferred stock to investor in exchange for USD1.3 million upon the earlier of (i) December 19, 2015
or (ii) the effectiveness of the company's registration statement mentioned above.The company intends to use its proceeds from the
offering to repay its debt.
Deal Rationale
The company intends to use its proceeds from the offering to repay its debt.
Deal Information
Deal Status Announced
Announced Date 04-Nov-2015
Deal Financials
Deal Value (US$ m) 2.80
Companies Information
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
Share Price Information
Share Price Before 30 Days 0.17
(US$)
Share Price Before 1 Day (US$) 0.15
Financial Information (Ascent Solar Technologies Inc)
(Trailing Twelve Months Ended 31-Dec-2014)
Number of Employees 119
Financial Ratios Information
EV/Revenues 3.40
EV/Total Assets 0.32
Cash Value Per Share (US$) 0.04
Net Assets Per Share Ratio (US$) 0.08
Book Value Per Share (US$) 0.35
GlobalData

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Raises USD1 Million in Private Placement of Shares

Ascent Solar Technologies Raises USD1 Million in Private Placement of Shares


Deal Type Equity Offering Deal Sub Type PIPE
Deal in Brief
Ascent Solar Technologies, Inc., a manufacturer of thin-film photovoltaic modules, has completed the private placement of 1,000,000
restricted shares, at a price of USD1 per share, for gross proceeds of USD1 million. The offering was subscribed to by TFG Radiant
Investment Group Ltd.The offer price represents a premium of 43% above the closing price on June 9, 2015. The shares will be subjected to
one year trading restriction from the closing date.Deal History:Announced: On June 10, 2015, Ascent Solar Technologies announced a
private placement of 1,000,000 restricted shares at a price of USD1 per share, for gross proceeds of USD1 million.
Deal Information
Deal Status Completed
Announced Date 10-Jun-2015
Completed Date 10-Jul-2015
Deal Financials
Deal Value (US$ m) 1
Shares Issued 1,000,000
Offer Price (US$) 1
Offer Price (US$) 1
Companies Information
Acquirer Company Information
Company Name TFG Radiant Investment Group,
Ltd.
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
Share Price Information
Share Price Before 30 Days 0.93
(US$)
Share Price Before 1 Day (US$) 0.70
Financial Information (Ascent Solar Technologies Inc)
(Trailing Twelve Months Ended 31-Dec-2014)
Number of Employees 119
Financial Ratios Information
EV/Revenues 7.87
EV/Total Assets 0.75
Cash Value Per Share (US$) 0.06
Net Assets Per Share Ratio (US$) 0.14
Book Value Per Share (US$) 0.35
GlobalData

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Raises USD1 Million in Private Placement of Shares

Ascent Solar Technologies Raises USD1 Million in Private Placement of Shares


Deal Type Equity Offering Deal Sub Type PIPE
Deal in Brief
Ascent Solar Technologies, Inc., a manufacturer of thin-film photovoltaic modules, has completed private placement of 1 million restricted
shares at a price of USD1 per share for gross proceeds of USD1 million. The offering was subscribed to by TFG Radiant Investment Group
Ltd.Following the subscription, TFG Radiant Investment owns approximately 17% of the outstanding common stock of the company.Deal
history:Announced: On April 9, 2015, Ascent Solar Technologies has agreed to issue 1 million restricted shares at a price of USD1 per share
for gross proceeds of USD1 million in a private placement.
Deal Information
Deal Status Completed
Announced Date 09-Apr-2015
Completed Date 17-Apr-2015
Deal Financials
Deal Value (US$ m) 1
Shares Issued 1,000,000
Offer Price (US$) 1
Offer Price (US$) 1
Companies Information
Acquirer Company Information
Company Name TFG Radiant Investment Group,
Ltd.
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
Share Price Information
Share Price Before 30 Days 1.39
(US$)
Share Price Before 1 Day (US$) 0.97
Financial Information (Ascent Solar Technologies Inc)
(Trailing Twelve Months Ended 31-Dec-2014)
Number of Employees 119
Financial Ratios Information
EV/Revenues 5.33
EV/Total Assets 0.51
Cash Value Per Share (US$) 0.13
GlobalData

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Raises USD3 Million in Private Placement of Shares

Ascent Solar Technologies Raises USD3 Million in Private Placement of Shares


Deal Type Equity Offering Deal Sub Type PIPE
Deal in Brief
Ascent Solar Technologies, Inc., a manufacturer of thin-film photovoltaic modules, has completed the private placement of 3,000 series D
convertible preferred stock, at a price of USD1,000 per share, for gross proceeds of USD3 million. The offering was subscribed to by single
institutional investor. In addition, the company also issued warrants to purchase up to 7,777,778 shares of its common stock, at an exercise
price of USD2.25 per share of common stock.Under the terms, the preferred shares will be convertible into 1,333,334 shares of its common
stock at a fixed conversion price of USD2.25 per share of common stock.Concurrent to the transaction, Ascent Solar completed the private
placement of senior secured convertible notes, for gross proceeds of USD32 million, bringing the total proceeds to USD35 million. The
company received unrestricted access to USD4.5 million, while the remaining USD30.5 million of gross proceeds have been deposited into
a restricted control account of the company. The company will receive an additional USD2.5 million of unrestricted gross proceeds from
the control account. The company will receive an additional USD6 million of unrestricted gross proceeds from the control account 75 days
after receiving the installment of USD2.5 million. Thereafter, the remaining gross proceeds of USD22 million will be released for the
company’s use in USD6 million installments every 90 days. WestPark Capital, Inc. acted as placement agent, while Faegre Baker Daniels LLP
acted as legal advisor to the company for the offering. The company intends to use the proceeds from the offering to fund the continued
operations and expansion of its retail channels for its EnerPlex products in the US, Europe and Asia, brand building, as well as the launch of
additional EnerPlex products. Deal History:Announced: On November 17, 2014, Ascent Solar Technologies agreed to issue 3,000 series D
convertible preferred stock, at a price of USD1,000 per share, for gross proceeds of USD3 million, in a private placement.Filed: On October
8, 2014, Ascent Solar Technologies filed a registration statement with the Securities and Exchange Commission (SEC) to issue common
stock, preferred stock, and warrants from time to time basis, for gross proceeds of up to USD25 million.
Deal Rationale
The company intends to use the proceeds from the offering to fund the continued operations and expansion of its retail channels for its
EnerPlex products in the US, Europe and Asia, brand building, as well as the launch of additional EnerPlex products.
Deal Information
Deal Status Completed
Announced Date 17-Nov-2014
Completed Date 20-Nov-2014
Deal Financials
Deal Value (US$ m) 3
Shares Issued 3,000
Offer Price (US$) 1,000
Offer Price (US$) 1,000
Companies Information
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
Advisor Information
Company Being Advised Legal Advisor
Ascent Solar Technologies Inc Faegre Baker Daniels LLP
Company Being Advised Placement Agent
Ascent Solar Technologies Inc WestPark Capital, Inc.
Share Price Information
Share Price Before 30 Days 1.53
(US$)
Share Price Before 1 Day (US$) 2
Financial Information (Ascent Solar Technologies Inc)
(Trailing Twelve Months Ended 30-Sep-2014)

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Number of Employees 114


Financial Ratios Information
EV/Revenues 8.61
EV/Total Assets 1.24
Cash Value Per Share (US$) 0.06
Net Assets Per Share Ratio (US$) 0.73
GlobalData

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Raises USD8 Million in Private Placement of Shares

Ascent Solar Technologies Raises USD8 Million in Private Placement of Shares


Deal Type Equity Offering Deal Sub Type PIPE
Deal in Brief
Ascent Solar Technologies, Inc., a manufacturer of thin photovoltaic modules, has completed private placement of 3,115,618 shares for
gross proceeds of USD8 million. The shares in the placement were subscribed to by TFG Radiant Investment Group and Ascent Solar's
series A investor, Seng Wei Seow.Earlier on August 29, 2014, the company has completed first tranche of the placement issuing 1,690,618
shares at a price of USD2.366 per share for gross proceeds of USD4 million. TFG Radiant Investment and Seng Wei Seow has subscribed
845,309 shares each. The per shares price representing a 30% premium to the closing price of USD1.82 per share on August 28, 2014.On
November 11, 2014, the company has completed second tranche of the placement issuing 1,425,000 common shares at a price of USD2.8
per share for gross proceeds of USD4 million. The shares were subscribed to by TFG Radiant Investment. The per share price represents a
54% premium to the closing price on August 28, 2014 and approximately 44% premium on November 11, 2014.The company intends to
use the proceeds from the placement for expanding its business operations. Deal history:Update: On August 29, 2014, the company has
completed first tranche private placement of 1,690,618 shares at a price of USD2.366 per share for gross proceeds of USD4
million.Announced: On August 29, 2014, Ascent Solar Technologies, has agreed to issue 3,115,618 common shares for gross proceeds of
USD8 million in a private placement. The shares will be issue in two tranches.
Deal Rationale
Ascent Solar Technologies intends to use the proceeds from the placement for expanding its business operations.
Deal Information
Deal Status Completed
Announced Date 29-Aug-2014
Completed Date 11-Nov-2014
Deal Financials
Deal Value (US$ m) 8
Shares Issued 3,115,618
Companies Information
Acquirer Company Information
Company Name TFG Radiant Investment Group,
Ltd.
Company Name Seng Wei Seow
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
Financial Information (Ascent Solar Technologies Inc)
(Trailing Twelve Months Ended 30-Jun-2014)
Number of Employees 114
Financial Ratios Information
EV/Revenues 21.65
EV/Total Assets 1
Cash Value Per Share (US$) 0.37
Net Assets Per Share Ratio (US$) 1.71
Book Value Per Share (US$) 2.36
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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Raises USD2.6 Million in Second Tranche of Private Placement of Shares

Ascent Solar Technologies Raises USD2.6 Million in Second Tranche of Private Placement of Shares
Deal Type Equity Offering Deal Sub Type PIPE
Deal in Brief
Ascent Solar Technologies, Inc., a manufacturer of thin-film photovoltaic modules, has completed the second tranche of 8,000,000 shares,
at a price of USD0.33 per share, for gross proceeds of USD2.64 million, bringing the total gross proceeds to USD3.96 million. In total the
company issued 12,000,000 shares. The common stock will be restricted for resale until 6 months after the closure of the transaction. The
shares issued in the offering were subscribed to by Shtard Enterprise Ltd.Deal History:First Tranche: On July 29, 2014, Ascent Solar
Technologies completed the first tranche of the private placement of 4,000,000 shares, at a price of USD0.33 per share, for gross proceeds
of USD1.32 million.
Deal Information
Deal Status Completed
Announced Date 29-Jul-2014
Completed Date 11-Aug-2014
Deal Financials
Deal Value (US$ m) 3.96
Shares Issued 12,000,000
Offer Price (US$) 0.33
Offer Price (US$) 0.33
Companies Information
Acquirer Company Information
Company Name Shtard Enterprise Ltd
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
Share Price Information
Share Price Before 30 Days 4.25
(US$)
Share Price Before 1 Day (US$) 3.65
Financial Information (Ascent Solar Technologies Inc)
(Trailing Twelve Months Ended 31-Mar-2014)
Number of Employees 114
Financial Ratios Information
EV/Revenues 159.79
Cash Value Per Share (US$) 0.02
Net Assets Per Share Ratio (US$) 0.16
Book Value Per Share (US$) 0.16
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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Raises USD3 Million in Second Tranche of Private Placement of Preferred Shares

Ascent Solar Technologies Raises USD3 Million in Second Tranche of Private Placement of Preferred Shares
Deal Type Equity Offering Deal Sub Type PIPE
Deal in Brief
Ascent Solar Technologies, Inc., a manufacturer of thin-film photovoltaic modules, has completed the second tranche of private placement
of 300 series C preferred stock, at a price of USD10,000 per preferred share, for gross proceeds of USD3 million, bringing the total proceeds
to USD6 million. In total, the company issued 600 series B convertible preferred stock in the offering, which were subscribed to by
Ironridge Technology Co., a division of Ironridge Global IV, Ltd. Earlier on April 1, 2014, Ascent Solar Technologies agreed to issue 600 series
C preferred stock, at a price of USD10,000 per preferred share, for gross proceeds of USD6 million. Subsequently on the same day, the
company completed the first tranche of 300 series C preferred stock, at a price of USD10,000 per preferred share, for gross proceeds of
USD3 million to Ironridge Technology Co.Under the terms, the shares issued in the offering are convertible into shares of common stock at
a fixed conversion price of USD1.15 per common share.
Deal Information
Deal Status Completed
Announced Date 01-Apr-2014
Completed Date 29-May-2014
Deal Financials
Deal Value (US$ m) 600
Shares Issued 600
Offer Price (US$) 10,000
Offer Price (US$) 10,000
Companies Information
Acquirer Company Information
Company Name Ironridge Technology Co.
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
Share Price Information
Share Price Before 30 Days 7.29
(US$)
Share Price Before 1 Day (US$) 6.10
Financial Information (Ascent Solar Technologies Inc)
(Trailing Twelve Months Ended 31-Dec-2013)
Number of Employees 119
Financial Ratios Information
EV/Revenues 33.94
EV/Total Assets 3.24
Cash Value Per Share (US$) 0.11
Net Assets Per Share Ratio (US$) 0.26
Book Value Per Share (US$) 0.35
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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Completes Second Tranche Of Private Placement Of Preferred Stock For US$10 Million

Ascent Solar Technologies Completes Second Tranche Of Private Placement Of Preferred Stock For US$10 Million
Deal Type Equity Offering Deal Sub Type PIPE
Deal in Brief
Ascent Solar Technologies, Inc., a manufacturer of thin-film photovoltaic modules, completed the second tranche of the private placement
of 500 series B convertible preferred stock, at a price of US$10,000 per preferred stock, for gross proceeds of US$5m, bringing the total
proceeds to US$10m. In total, the company issued 1,000 series B convertible preferred stock in the offering. The shares issued in the
offering were subscribed to by Ironridge Technology Co., a division of Ironridge Global IV Ltd.Under the terms, the preferred stock issued in
the first tranche and the second tranche are convertible into shares of common stock at a fixed conversion price of US$1.15 per common
share.Faegre Baker Daniels LLP acted as legal advisor to the company for the offering. The company intends to use the proceeds from the
offering to fund the continued operations and expansion of its retail channels for its EnerPlex products in the US, Europe and Asia, brand
building, as well as the launch of additional EnerPlex products. Deal historyCompleted: On February 7, 2014, Ascent Solar Technologies
completed the second tranche of the private placement of 500 series B convertible preferred stock, at a price of US$10,000 per preferred
stock, for gross proceeds of US$5m, bringing the total proceeds to US$10m. In total, the company issued 1,000 series B convertible
preferred stock in the offering.Update: On November 1, 2013, Ascent Solar Technologies completed the first tranche of the private
placement of 500 series B convertible preferred stock, at a price of US$10,000 per preferred stock, for gross proceeds of
US$5m.Announced: On October 30, 2013, Ascent Solar Technologies agreed to issue 1,000 series B convertible preferred stock, at a price
of US$10,000 per preferred stock, for gross proceeds of US$10m, in a private placement.
Deal Rationale
Ascent Solar Technologies intends to use the proceeds from the offering to fund the continued operations and expansion of its retail
channels for its EnerPlex products in the US, Europe and Asia, brand building, as well as the launch of additional EnerPlex products.
Deal Information
Deal Status Completed
Announced Date 30-Oct-2013
Completed Date 07-Feb-2014
Deal Financials
Deal Value (US$ m) 10
Shares Issued 1,000
Offer Price (US$) 10,000
Companies Information
Acquirer Company Information
Company Name Ironridge Technology Co.
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
Advisor Information
Company Being Advised Legal Advisor
Ascent Solar Technologies Inc Faegre Baker Daniels LLP
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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Completes Third And Final Tranche Of Private Placement Of Preferred Shares For US$2
Million

Ascent Solar Technologies Completes Third And Final Tranche Of Private Placement Of Preferred Shares For US$2 Million
Deal Type Equity Offering Deal Sub Type PIPE
Deal in Brief
Ascent Solar Technologies, Inc., a manufacturer of thin-film photovoltaic modules, completed the third and final tranche of the private
placement of 250,000 Series A convertible preferred shares, at a price of US$8 per preferred share, for gross proceeds of US$2m, bringing
the aggregate gross proceeds to US$6m. In total, the company issued 750,000 preferred shares. In addition, the company issued 875,000
warrants exercisable at US$0.9 per common share. The preferred shares issued in the offering are convertible into common shares at a
ration of one preferred share into 10 common shares.
The company intends to use the net proceeds from the offering to fund the continued expansion of its retail channels for its EnerPlex
products in the US, Europe and Asia, for brand building and for the launch of additional products for EnerPlex product line expansion.
Deal history
Completed: On August 15, 2013, Ascent Solar Technologies completed the third and final tranche of the private placement of 250,000
Series A convertible preferred shares, at a price of US$8 per preferred share, for gross proceeds of US$2m, bringing the aggregate gross
proceeds to US$6m.
Update 2: On August 7, 2013, Ascent Solar Technologies completed the second tranche of the private placement of 375,000 Series A
convertible preferred shares, at a price of US$8 per preferred share, for gross proceeds of US$3m, bringing the total proceeds to US$4m.
Update 1: On June 20, 2013, Ascent Solar Technologies completed the first tranche of private placement of 125,000 Series A convertible
preferred shares, at a price of US$8 per preferred share, for gross proceeds of US$1m.
Announced: On June 17, 2013, Ascent Solar Technologies agreed to issue Series A convertible preferred shares in a private placement, for
gross proceeds of US$6m.
Deal Rationale
Ascent Solar Technologies intends to use the net proceeds from the offering to fund the continued expansion of its retail channels for its
EnerPlex products in the US, Europe and Asia, for brand building and for the launch of additional products for EnerPlex product line
expansion.
Deal Information
Deal Status Completed
Announced Date 17-Jun-2013
Completed Date 15-Aug-2013
Deal Financials
Deal Value (US$ m) 6
Shares Issued 750,000
Offer Price (US$) 8
Companies Information
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Completes Public Offering Of Shares For US$11 Million

Ascent Solar Completes Public Offering Of Shares For US$11 Million


Deal Type Equity Offering Deal Sub Type Secondary Offering
Deal in Brief
Ascent Solar Technologies, Inc., a developer of flexible thin-film photovoltaic modules, completed the public offering of 9,166,700 common
shares, at a price of $1.2 per share, for gross proceeds of $11m. The company received net proceeds of approximately $10.1m, after
deducting the underwriting discount and estimated offering expenses. In addition, the company has granted the underwriters a 45-day
option to purchase up to an aggregate of 1,375,005 additional shares to cover over-allotments, if any.
Aegis Capital Corp. acted as book running manager, while Faegre Baker Daniels LLP acted as legal advisor to the company for the offering.
The company intends to use the net proceeds from the offering for working capital and general corporate purposes.
Deal history
Completed: On September 25, 2012, Ascent Solar completed the public offering of 9,166,700 common shares, at a price of $1.2 per share,
for gross proceeds of $11m.
Announced/Priced: On September 19, 2012, Ascent Solar priced the public offering of 9,166,700 common shares, at a price of $1.2 per
share, for gross proceeds of approximately $11m, before deducting the underwriting discount and estimated offering expenses.
Deal Rationale
Ascent Solar intends to use the net proceeds from the offering for working capital and general corporate purposes.
Deal Information
Deal Status Completed
Announced Date 19-Sep-2012
Completed Date 25-Sep-2012
Deal Financials
Deal Value (US$ m) 11
Shares Issued 9,166,700
Offer Price (US$) 1.20
Companies Information
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
Advisor Information
Company Being Advised Legal Advisor
Ascent Solar Technologies Inc Faegre Baker Daniels LLP
Company Being Advised Book Runner
Ascent Solar Technologies Inc Aegis Capital Corporation
Share Price Information
Share Price Before 30 Days 1.66
(US$)
Share Price Before 1 Day (US$) 1.67
Financial Information (Ascent Solar Technologies Inc)
(Trailing Twelve Months Ended 30-Jun-2012)
Financial Ratios Information
EV/Revenues 26.74
EV/Total Assets 1.25
Cash Value Per Share (US$) 0.33
Net Assets Per Share Ratio (US$) 0.98
Book Value Per Share (US$) 0.97
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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Debt Offering
Ascent Solar Technologies Raises USD1.5 Million in Private Placement of Notes Due 2019

Ascent Solar Technologies Raises USD1.5 Million in Private Placement of Notes Due 2019
Deal Type Debt Offering Deal Sub Type Private Placement
Deal in Brief
Ascent Solar Technologies Inc, a developer and manufacturer of flexible thin film photovoltaic solutions, has issued convertible promissory
notes due March 11, 2019, for gross proceeds of USD1.5 million. The offering was subscribed to by St. George Investments LLC. The notes
do not bear interest.For the first six months after the issuance of the Notes, the company will make monthly cash repayment on the Notes
of approximately USD0.096 million. Thereafter, the Investor may request that the Company make monthly partial redemptions of the Note
up to USD 0.15millilon per month. If the Investor does not request the full USD0.15 million redemption amount in any one month, the
unused portion of such monthly redemption amount can be added to future monthly redemption amounts. But in no event can the
amount requested by the Investor for any one month exceed USD0.27 million. Redemption amounts are payable by the company in cash.
Beginning 10 months after the issuance of the Notes, cash redemption payments by the company will be subject to a 15% redemption
premium.Beginning six months after the issuance of the Notes, the Company also has the option (subject to customary equity conditions)
to pay redemption amounts in the form of shares of common stock. Payments in the form of shares would be calculated using a variable
conversion price equal to the lower of (i) 85% of the average VWAP for the shares over the prior five trading days or (ii) the closing bid
price for the shares on the prior trading day. All principal and accrued interest on the Notes are convertible at any time, in whole or in part,
at the option of the Investor into shares of Common Stock at a fixed conversion price of USD0.004 per share.Deal History:Announced: On
September 8, 2017, Ascent Solar Technologies has agreed to issue convertible promissory notes for gross proceeds of USD1.725 million.
Deal Information
Deal Status Completed
Announced Date 08-Sep-2017
Completed Date 12-Sep-2017
Deal Financials
Deal Value (US$ m) 1.50
Securities Type Offered Other
Maturity Date 11-Mar-2019
Companies Information
Acquirer Company Information
Company Name St. George Investments LLC
Business Description
St. George Investments LLC is an investment company specializing in buyouts, late stage growth equity investments and PIPES.
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Raises USD0.3 Million in Private Placement of 12% Note Due 2017

Ascent Solar Technologies Raises USD0.3 Million in Private Placement of 12% Note Due 2017
Deal Type Debt Offering Deal Sub Type Private Placement
Deal in Brief
Ascent Solar Technologies, Inc., a developer and manufacturer of thin-film photovoltaic modules using substrate materials, has completed
the private placement of 12% unsecured note due October 23, 2017, for gross proceeds of USD0.3 million. The placement was subscribed
to by one accredited investor.The principal and interest on this note are payable at maturity.
Deal Information
Deal Status Completed
Completed Date 21-Apr-2017
Deal Financials
Deal Value (US$ m) 0.30
Securities Type Offered Other
Interest Rate (%) 12
Maturity Date 23-Oct-2017
Companies Information
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Raises USD0.4 Million in Private Placement of 12% Note Due 2017

Ascent Solar Technologies Raises USD0.4 Million in Private Placement of 12% Note Due 2017
Deal Type Debt Offering Deal Sub Type Private Placement
Deal in Brief
Ascent Solar Technologies, Inc., a developer and manufacturer of thin-film photovoltaic modules using substrate materials, has completed
the private placement of 12% unsecured note due September 24, 2017, for gross proceeds of USD0.4 million. The placement was
subscribed to by one accredited investor.The principal and interest on this note are payable at maturity.
Deal Information
Deal Status Completed
Completed Date 24-Mar-2017
Deal Financials
Deal Value (US$ m) 0.40
Securities Type Offered Other
Interest Rate (%) 12
Maturity Date 24-Sep-2017
Companies Information
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Raises USD0.3 Million in Private Placement of 12% Note due 2017

Ascent Solar Technologies Raises USD0.3 Million in Private Placement of 12% Note due 2017
Deal Type Debt Offering Deal Sub Type Private Placement
Deal in Brief
Ascent Solar Technologies, Inc., a developer and manufacturer of thin-film photovoltaic modules using substrate materials, has completed
private placement of 12% unsecured note due August 7, 2017, for gross proceeds of USD0.3 million.
Deal Information
Deal Status Completed
Completed Date 07-Feb-2017
Deal Financials
Deal Value (US$ m) 0.30
Securities Type Offered Senior Notes
Interest Rate (%) 12
Maturity Date 07-Aug-2017
Companies Information
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Raises USD32 Million in Private Placement of 7% Notes Due 2018

Ascent Solar Technologies Raises USD32 Million in Private Placement of 7% Notes Due 2018
Deal Type Debt Offering Deal Sub Type Private Placement
Deal in Brief
Ascent Solar Technologies, Inc., a manufacturer of thin-film photovoltaic modules, has completed the private placement of 7% senior
secured convertible notes, due May 2018, for gross proceeds of USD32 million. The offering was subscribed to by single institutional
investor. Under the terms, the notes are convertible, in whole or in part, at the holder’s option, into shares of its common stock at a price
of USD2.25 per share, subject to certain adjustments.Concurrent to the transaction, the company completed private placement of series D
convertible preferred stock, for gross proceeds of USD3 million, bringing the total proceeds to USD35 million. The company received
unrestricted access to USD4.5 million, while the remaining USD30.5 million of gross proceeds have been deposited into a restricted control
account of the company. The company will receive an additional USD2.5 million of unrestricted gross proceeds from the control account.
The company will receive an additional USD6 million of unrestricted gross proceeds from the control account 75 days after receiving the
installment of USD2.5 million. Thereafter, the remaining gross proceeds of USD22 million will be released for the company’s use in USD6
million installments every 90 days. WestPark Capital, Inc. acted as sole placement agent, while Faegre Baker Daniels LLP acted as legal
advisor to the company for the offering. The company intends to use the proceeds from the offering to fund the continued operations and
expansion of its retail channels for its EnerPlex products in the US, Europe and Asia, brand building, as well as the launch of additional
EnerPlex products. Deal History:Announced: On November 17, 2014, Ascent Solar Technologies agreed to issue 7% senior secured
convertible notes, due May 2018, for gross proceeds of USD32 million, in a private placement.
Deal Rationale
The company intends to use the proceeds from the offering to fund the continued operations and expansion of its retail channels for its
EnerPlex products in the US, Europe and Asia, brand building, as well as the launch of additional EnerPlex products.
Deal Information
Deal Status Completed
Announced Date 17-Nov-2014
Completed Date 20-Nov-2014
Deal Financials
Deal Value (US$ m) 32
Securities Type Offered Senior Secured Notes
Interest Rate (%) 7
Maturity Date 20-May-2018
Companies Information
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
Advisor Information
Company Being Advised Legal Advisor
Ascent Solar Technologies Inc Faegre Baker Daniels LLP
Company Being Advised Placement Agent
Ascent Solar Technologies Inc WestPark Capital, Inc.
GlobalData

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Acquisition
TFG Radiant Investment Completes Acquisition Of Additional 19.6% Stake In Ascent Solar Technologies For US$4
Million

TFG Radiant Investment Completes Acquisition Of Additional 19.6% Stake In Ascent Solar Technologies For US$4 Million
Deal Type Acquisition Deal Sub Type Minority Acquisition
Deal in Brief
TFG Radiant Investment Group, Ltd., a joint venture between Radiant group and Tertius Financial Group, completed the acquisition of an
additional 19.6% stake in Ascent Solar Technologies, Inc., a developer of flexible thin-film photovoltaic modules, from Norsk Hydro
Produksjon AS, a subsidiary of Norsk Hydro ASA, for a purchase consideration of $4m, or $0.5 per Ascent Solar share.The acquisition
enables TFG Radiant to strengthen its position in the rooftop and portable power applications in East Asia.Earlier on August 12, 2011, TFG
Radiant acquired 20% stake in Ascent Solar. Following the acquisition, TFG Radiant holds 39% interest in Ascent Solar Technologies.Victor
Lee, president and CEO of Ascent and executive director of TFG Radiant, said, "TFG Radiant Investment Group is extremely pleased to
increase our investment in Ascent Solar as the company ramps its production and aggressively targets end-markets. We remain very
excited about Ascent Solar's revolutionary technology and look forward to partnering for the long-term, realizing the many opportunities
for this transformational product in Asia, North America and worldwide." Ron Eller, president and CEO of Ascent Solar, said, “Our most
recent strategic partner, and licensee for our technology in East Asia, is increasing its commitment to Ascent. We have the same vision for
our unique, high-performing flexible technology to bring solar power to everyday lives.”Deal historyCompleted: On April 2, 2012, TFG
Radiant Investment Group completed the acquisition of an additional 19.6% stake in Ascent Solar Technologies from Norsk Hydro
Produksjon for a purchase consideration of $4m or $0.5 per Ascent Solar share.Announced: On January 4, 2012, TFG Radiant Investment
Group agreed to acquire an additional 21% stake in Ascent Solar Technologies from Norsk Hydro Produksjon for a purchase consideration
of $4m or $0.5 per Ascent Solar share.
Deal Rationale
The acquisition enables TFG Radiant to strengthen its position in the rooftop and portable power applications in East Asia.
Deal Information
Deal Status Completed
Announced Date 04-Jan-2012
Completed Date 02-Apr-2012
% Acquired 19.60
Deal Financials
Deal Value (US$ m) 4
Companies Information
Acquirer Company Information
Company Name TFG Radiant Investment Group,
Ltd.
Vendor Company Information
Company Name Hydroenergi AS Parent Norsk Hydro ASA
Business Description
Hydroenergi AS (Hydroenergi) is a turbines manufacturing company. The company procures, engineers, produces and delivers turbines and
systems for hydroelectric power plants. It offers products that include Francis, Pelton and Kaplan turbines, hydraulic control systems,
penstock and intake structures, valves and piping systems, generators and transformers, and electrical and automation systems.
Hydroenergi offers services such as installation and commissioning, upgrading and refurbishment, and operation and maintenance. It also
delivers products ranging from individual turbine components to full turnkey electromechanical power plant outfitting along with the
electrical and control systems. Hydroenergi is headquartered in Hunndalen, Norway.
Target Company Information
Company Name Ascent Solar Technologies Inc Parent TFG Radiant Investment Group,
Ltd.
Business Description
Ascent Solar Technologies, Inc. (Ascent solar) designs, develops and manufactures thin-film photovoltaic modules. It pioneered the thin-
film copper-indium-gallium-diselenide (CIGS) photovoltaic technology. The company employs monolithic integration process, which helps
improve efficiency and durability; and results in weight savings, enhancing the potential to transform the way solar power is used. The
company’s product portfolio includes Ascent XD-12 and XD-48 solar chargers; Ascent WS 50 solar blanket and bare modules. Ascent Solar
offers its products to building integrated photovoltaic (BIPV), consumer electronics and off-grid applications electronic integrated
photovoltaic (EIPV), satellites, aerospace, near earth orbiting vehicles, fixed-wing unmanned aerial vehicles, government, military and
public sector markets. Ascent Solar is headquartered in Thornton, Colorado, the US.
GlobalData

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Inc - Key Competitors

Ascent Solar Technologies Inc, Key Competitors

Name Headquarters Revenue (US$ m)


Goal Zero, LLC United States
PowerFilm, Inc. United States 7
Voltaic Systems Inc. United States
Source: Annual Report, Company Website, Primary and Secondary Research GlobalData

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Inc - Key Employees


Ascent Solar Technologies Inc, Key Employees

Name Job Title Board Level Since Age

Dr. Amit Kumar Chairman Executive Board 2011 52


Victor Lee Chief Executive Officer, Director, Executive Board 2012 49
President
G. Thomas Marsh Director Non Executive Board 2010 72
Kim J Huntley Director Non Executive Board 2010
G. Thomas Marsh Director Non Executive Board
Joseph Armstrong Chief Technology Officer Senior Management
Sharon Oliver Chief Administrative Officer, Vice Senior Management
President
Todd Dunham Director Corporate Strategy Senior Management
Joseph Kigin Head Sales, Business Senior Management
Development and Operations
Carey Schroeder Director Financial Planning and Senior Management 2017
Reporting
Source: Annual Report, Company Website, Primary and Secondary Research GlobalData

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Ascent Solar Technologies Inc - Locations And Subsidiaries


Head Office
Ascent Solar Technologies Inc
12300 Grant St
Thornton
CO
80241-3120
United States
Tel: +1 720 8725000
Fax: +1 720 8725077

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Recent Developments
Apr 02, 2018: Ascent Solar Completes Shipment of its First Ultralight Thin-Film Modules for
High-Altitude Airship Applications
Ascent Solar Technologies, Inc., a developer and manufacturer of state-of-the-art, lightweight and flexible thin-film photovoltaic (PV)
solutions, announces that the company has successfully developed and shipped its next-generation laminated aerospace product, using
Ultralight technology.
The Ultralight PV module represents a major breakthrough over its industry-leading Superlight technology in terms of weight and
performance for ready-to-integrate PV modules for aerospace applications, such as high-altitude airships. The value proposition of Ultralight
has been validated in terms of a major contract from a European-based customer.

The shipment is valued over $300K and was delivered ahead of schedule before the end of the first quarter of 2018. This substantial sale
equates to approximately 50% of the Company's 2017 full-year revenue. The Ultralight PV module is the first of its kind for Ascent Solar to
introduce two major advances over previous products. First, Ultralight utilizes next-generation PV that was developed originally for Ascent's
space customers and is manufactured on a substantially thinner substrate than Ascent's standard bare PV module. Secondly, the product
utilizes asymmetric laminate packaging to reduce thickness and weight substantially from its predecessor, the Superlight product. These
changes have resulted in vastly-reduced areal density to nominally 330 grams per square meter, or approximately 50% less than ‘thin'
crystalline PV airship options. Nominal specific-power under terrestrial (AM1.5) lighting is 280 watts per kilogram and projected to exceed 330
watts per kilogram in near-space conditions (AM0). The PV modules that were provided to the customer in this shipment are designed for
easy integration to reduce assembly time of the power system and increase overall array reliability.

"We are proud to provide our new Ultralight flexible laminated solar blankets to our customer for their airship,stated Dr. Joseph Armstrong,
Chief Technology Officer and founding member of Ascent Solar. "Our company was created, in part, to address the emerging unmanned high-
altitude airship market through the use of our unique, extremely light and flexible photovoltaic product, and we have customizable solar
blankets that address multiple aspects of this unique market segment. The customer has ordered a custom version of one of our existing 25-
watt Superlight airship PV blankets with dimensions and electrical connections specific to their vehicle. By combining our space PV technology
with our new asymmetric laminate packaging, we were able to achieve the breakthrough in terms of substantially higher power-to-weight
ratio with Ultralight. Furthermore, our proficiency at rapid prototyping and concurrent design for manufacturability allowed us to accept this
custom order with a swift turnaround time to delivery. By proving out the Ultralight construction, we have opened the door for other
customers who wanted an even lighter version of our aerospace product that cover drones, tethered aerostats, and both fixed-wing and
lighter-than-air high-altitude long-endurance (HALE) applications.

"We are thrilled to have completed this significant order,said Victor Lee, President and CEO of Ascent Solar. "This contract, which accounted
for approximately 50% of our 2017 full-year revenue, will be booked as revenue in the first quarter and give the Company a strong head start
into 2018. This is not only significant in value but also underscores the power of Ascent's proprietary technology to address these rapidly
emerging and growing premium PV markets. We hope that this contract is only the ‘tip of the iceberg' as the airship project, when successfully
launched, is expected to be rolled out on a much larger scale in the near future. Our technical team has been working with our aerospace
customer to identify the best solution for their needs while providing a product that takes full advantage of the key attributes of our
monolithically-integrated flexible CIGS PV.

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Mar 29, 2018: Ascent Solar Announces Improved FY2017 Results


Ascent Solar Technologies, Inc., a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV)
solutions, reported results for the full year ended December 31, 2017.
FY2017 Financial Results:

The Company posted net revenue of $0.64M in 2017, a decline of approximately 63.2% from $1.75M in 2016. Loss from operations in 2017,
however, improved greatly by $10.48M, or 42.6% from -$24.6M in 2016 to -$14.15M. Ascent Solar attributes this to the disposal of the
EnerPlex brand and discontinuation of retail consumer business in early 2017, resulting in substantial reduction in SG&A Expenses of about
45.7% from $10.3M in 2016 to $5.6M in 2017. Lower depreciation and amortization, as well as progressive cost reduction initiatives in R&D
and manufacturing operations, also contributed to the improved operating results. These expenses are expected to remain stable or decline
marginally as the Company continues to restructure and streamline its operations in 2018.

The revenue decline is a direct result of (i) the Company's exit from brick and mortar retail customers due to a number of factors, including
the high cost of doing business especially with those who were overly battery centric which is no longer in line with Ascent's overall
roadmap(ii) and charged-back and revenue contras from prior commitments resulting from discontinuation of EnerPlex sales channels.

Net loss for the year 2017 was -$18.56M, which included approximately $4.4M in non-cash interest expense, changes in fair value of
derivatives, and extinguishment of liabilities associated with the outstanding convertible notes and convertible preferred stocks. Overall, net
loss improved substantially by $20.29M, or approximately 52.2% from -$38.9M in 2016 to -$18.56M in 2017.

Management Comments:

"We will continue to improve our results as we moved on from the brick and mortar consumer business in early 2017 to focus on our core
strength in the specialty PV markets,commented Victor Lee, President and CEO of Ascent Solar Technologies, Inc. "We have streamlined our
business model to better allocate our resources to the emerging high-value, specialty PV markets such as the space & near-space applications,
aviation (drones), military, 1st responders and emergency power with high entry barriers.

"The Company has made significant progress in these high-value markets and will continue to sharpen our focus in such areas where Ascent is
truly at the forefront of the competition. Notable milestones include string of announcements that the Company's superlight thin-film
modules were selected by JAXA (Japan Aerospace Exploration Agency) as well as the German Aerospace Center (DLR) for further testing and
evaluation for deep space mission. The Company has also recently completed a shipment of approximately $0.32M for our superlight thin-film
modules to a European based customer involving in the development of Lighter-than-air-vehicle (LTAV) for high-altitude application."Our
effort of being the first and only flexible CIGS manufacturer to have achieved ISO 9001:2015 certification, has enabled us to serve a larger
universe of premium market customers who prefer products manufactured under a superlative Quality Management System and must be as
robust and fail proof as possible.

Mr. Lee concluded, "Great progress was also made in the defense and emergency power market, which we believe will add to revenue growth
in 2018 and beyond."We are optimistic and certainly look forward to a stronger 2018 and beyond, as our high-value PV market focus begins to
take shape. We look forward to updating our shareholders as we make continued progress.

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Feb 20, 2018: Ascent Solar's Monolithically Integrated Thin-Film Solar Selected for Further
Testing for Deep Space Exploration by the German Aerospace Center
Ascent Solar Technologies, Inc., a developer and manufacturer of state-of-the-art, lightweight and flexible thin-film photovoltaic (PV)
solutions, announces that the company has been selected by the German Aerospace Center (Deutsches Zentrum fur Luft- und Raumfahrt;
DLR) for further testing to develop custom PV products designed specifically for DLR’s upcoming solar array deployment system.
DLR's new GOSOLAR project is aimed at testing the deployment technology needed for a large-scale solar power generation system that will
use a flexible photovoltaic membrane. Ascent's technology will allow DLR to address the very challenging current requirements that come
with this innovative approach to solar-sail deployment in a gossamer formation. The use of Ascent Solar's patented monolithically integrated
modules will allow DLR to implement their unique deployment design while maximizing the area generating electrical power.

"We are pleased that DLR has selected our material for testing of their applicability to large solar array deployment,stated Dr. Joseph
Armstrong, Chief Technology Officer and founding member of Ascent Solar Technologies, Inc. "We have been gaining traction in the deep
space community, in part because we have a unique, lightweight and flexible product, but also because our monolithic integration offers
greater design latitude that traditional crystalline products do not. We have demonstrated the ability to adjust the physical dimensions of our
modules to meet the need of customers, and with unique deployment schemes employed by DLR, correctly sizing our solution to
accommodate proper stowage and deployment is critical.

"We are honored to be selected by DLR for deployment of their solar sails in a gossamer formation meant for the extremely punishing space
environment,said Victor Lee, President and CEO of Ascent Solar. "Our design allows us to maximize the surface area of our award-winning
solar technology while keeping the thin and lightweight profile of the deployed solar sails. We look forward to further development and
testing with DLR in the coming years.

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Feb 09, 2018: Ascent Solar Launches New 48 Watt Portable Solar Charger
Ascent Solar Technologies, Inc., a developer and manufacturer of state-of-the-art, lightweight and flexible thin-film photovoltaic (PV)
solutions, announced the availability of its newest innovative product, the Ascent XD48 Solar Charger.
Delivering up to 48 Watts of solar power, the durable and compact Ascent XD48 Solar Charger is the ideal solution for charging many portable
electronics and off-grid power systems. The Ascent XD48's versatility allows it to charge both military and consumer electronics directly from
the sun wherever you are. Built in the United States with Ascent Solar's proprietary Extreme CIGS solar technology, the rugged, weather-
resistant construction withstands shocks, drops, damage and even minor punctures to power through the harshest conditions. This award
winning technology allows the solar charger to provide power from dawn to dusk, even in overcast or cloudy conditions. The Ascent XD48's
compact design conveniently fits in your bag or backpack, allowing you to carry unlimited solar power everywhere.

"We are excited to offer this tough and versatile solar charger to off-grid consumers and military personnel. The Ascent XD48 Solar Charger
provides users with an extremely durable and weather resistant portable power source to ensure batteries can be remotely recharged and
devices stay powered throughout the most challenging off-grid adventures and missions,said Todd Dunham, Senior Director of Marketing and
Product at Ascent Solar. "The XD48 adds a larger format solar charger to the XD Series, our most durable line of products, and fills a critical
need for off-grid power systems and warfighters. Look for more new product announcements in the coming months as we build out our
portfolio of Ascent Solar products.

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Jan 08, 2018: Ascent Solar enters into distribution partnership with Raven Concealment
Systems
Ascent Solar Technologies, a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic (PV) solutions, announced that the
Company has entered into distribution partnership with Raven Concealment Systems, a provider of discreet and efficient solutions to the
armed and prepared.
RCS will provide Ascent Solar with direct access to their extensive range of Channel and End-User customers, encompassing the thought
leaders and decision makers regarding military and law enforcement tactics and equipment worldwide.

Raven Concealment provides innovative, proven products carried daily by the prepared: civilian, soldier, and law enforcement. Ascent Solar
makes durable, compact, light and simple to use portable power solutions. Working together, Raven and Ascent Solar can provide reliable
portable power to those who need it most.

"Battery-powered devices like smart phones, tablets, and radios have become a crucial part of the typical daily-carry load-out for civilians and
armed professionals. These mobile devices have become such indispensable tools that we realized we needed to seek out products to help
our clients keep their electronics charged and functioning. Ascent's products allow us to offer our customers a variety of lightweight, portable
power sources that are easy to conceal when not in use. We are very excited to be partnering with a trailblazing company like Ascent Solar,
and proud to help supply their products to the US marketplace," said Michael Goerlich, owner, Raven Concealment Systems.

"We are extremely pleased to launch the XD12 as the first portable power product on Raven Concealment's e-commerce website. Our rugged,
durable, and shatterproof solar panels provide the ideal solution for soldiers, preppers, and plain-clothes defense personnel as this
partnership further solidifies our strategic shift in the government, military, and public sectors," commented Victor Lee, President and CEO of
Ascent Solar Technologies, Inc. "Furthermore, our agreed upon drop-ship model allows us to keep costs low where an "in-store," "brick and
mortar" presence would simply not allow such high margins. We are keen on continuing to grow our partnership that Raven Concealment, as
well as foster new relationships within the defense sector in the coming months."

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
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Nov 30, 2017: Ascent Solar Launches Newly Designed Ascent XD12 USB Solar Charger
Solar Technologies, Inc., a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV) solutions,
announced the availability of their newest innovative product, the Ascent XD12 USB Solar Charger.
With 12 Watts of solar power and a 2.0 Amp smart USB output, the durable, lightweight and compact Ascent XD12 USB Solar Charger can
charge most smartphones, tablets, and USB-enabled devices as fast as a wall outlet. The enhanced smart USB circuit determines the
maximum power the device is able to receive, and ensures the best possible charging performance directly from the sun. Specifically designed
to meet the needs of soldiers in harsh battlefield environments, the XD12 is built with Ascent Solar's Extreme CIGS solar technology to ensure
utmost durability in rugged environments. The rugged, shatterproof, and weather-resistant construction withstands shocks, drops, punctures,
and other damage like scrapes, cuts, and bullet hole damages and punctures including bullets shot to power through the most extreme
conditions. Whether you're on an expedition trip, backpacking, camping, or simply spending time in the great outdoors, its compact design
conveniently fits in your bag or backpack, allowing you to carry unlimited solar power everywhere.

"The Ascent XD12 USB Solar Charger achieves a unique combination of performance, durability, and flexibility when it comes to personal solar
chargers. Whether you are an outdoor adventurer, off-grid professional, or war fighter the Ascent XD12 USB Solar Charger will deliver
dependable high-speed charging in a variety of conditions," said Todd Dunham, Senior Director of Corporate Strategy at Ascent Solar. "This is
the first of many innovative solar products to launch under the Ascent Solar brand and we have more on the way. Look for upcoming
announcements about new product launches based on our award winning solar technology in the Defense, Space, UAV/Drone and consumer
products markets."

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Nov 14, 2017: Ascent Solar Announces Further Improvement in Third Quarter 2017
Financial Results
Ascent Solar Technologies, Inc., a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV)
solutions, reported results for the quarter ended September 30, 2017.
Q3 2017 Financial Results:

The Company posted net revenue of $242K for Q3 2017, a sharp increase of approximately 868%, or $217K, quarter-on-quarter growth. This is
largely due to the successful shipments to our newly established OEM client for the development of the Energizer PowerKeep line of solar
products (see announcement dated September 13, 2017). As noted in previous announcements, the Company has streamlined its consumer
business strategy to include only e-commerce, OEM, and private labelingfocusing more on the specialty PV markets such as defense, drones,
aerospace, and satellite markets.

In addition to reporting improved revenue, the loss from operations continued to maintain at about the same level as last quarter at ($3.26M)
but improved significantly, by about 41%, as compared to the loss during the same period last year of ($5.54M). The sharp improvement was
a result of continuous cost reduction initiatives in both R&D and manufacturing operations, reduction in expenses resulting from the
Company's exit from the brick and mortar consumer channels, as well as lower depreciation and amortization. The Company will continue to
seek improvement and streamline its operations further to achieve better operational efficiency and further cost reduction.

The net loss for the quarter also narrowed to approximately ($2.35M), another sharp improvement of about 80% from ($11.79M) in
corresponding quarter in 2016. The substantial reduction in net loss was due in part to improved operational loss indicated above, as well as a
positive swing of $6.65M to a non-cash gain of $2.2M, from a non-cash loss of ($4.5M) in the same period in 2016, on extinguishment of
liabilities associated with the outstanding convertible notes and convertible preferred stock.

Current liabilities were also reduced from $19.45M as of period ended December 31, 2016 to about $11.01M, as of the quarter ended
September 30, 2017, as the Company continues to improve its cash flow and the accounts payable and creditors are being paid down. Cash in
hand stood at about $1.08M as of September 30, 2017 as compared to $0.13M on December 31, 2017.

Management Comments:

"The switch in consumer strategy to an OEM and private labeling model has certainly yielded positive results, as reflected in the financial
statements. It allowed us to streamline our business model and to better allocate our resources to focus on our core strength in the
development of specialty PV markets with high entry barriers like the military, first responders, emergency power, aviation (drones), space
and near-space applications," commented Victor Lee, President and CEO of Ascent Solar Technologies, Inc. "The earlier announcements of the
successful delivery of the superlight and high-voltage modules, as well as our participation in the US Special Operations Command (SOCOM)
Exclusive TE 17-3 event in Washington, DC, just to name a few, are both strong testimonies to our progress in the focus market."

Mr. Lee concluded, "We believe our achievement, in January 2017, of being the first and only flexible CIGS manufacturer to achieve ISO
9001:2015 certification, will help to speed up our sales velocity and enable us to better serve those premium market customers who demand
highly robust and failure-proof products that are manufactured under a superlative Quality Management System. We are optimistically
looking forward to a stronger 2018, as our high-value PV market focus begins to take shape. We look forward to updating our shareholders as
we make continued progress."

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Sep 13, 2017: Ascent Solar Selected by PowerKeep to Develop and Supply Solar Panels for
the Energizer PowerKeep Line of Solar Products
Ascent Solar Technologies, Inc., a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules, announced that the
Company has been selected by PowerKeep, in partnership with Energizer, one of the world's largest manufacturers of primary batteries,
portable flashlights and lanterns, to develop and supply solar panels to the PowerKeep line of solar products.
"Today's consumers demand power for an ever-growing array of mobile devices, like smartphones and tablets, that are with them wherever
they go," said Kevin Magenis, chairman and CEO of PowerKeep. "Partnering with Ascent Solar allows us to develop leading-edge, solar-
integrated products that are lightweight, durable and keep consumers connected to their favorite mobile devices no matter where they are.
We are excited to launch our initial products and look forward to growing the Energizer®PowerKeep product line globally in the coming
months."

"The Energizer brand is immediately recognizable worldwide, and we are gratified to have earned the opportunity to be selected as the PV
developer," said Victor Lee, President & CEO of Ascent Solar. "Working with a company with such established brand equity will enable Ascent
to serve not the only consumer market for mobility power, but also the currently untapped potential of commercial mobility power markets
in North America."

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
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Aug 15, 2017: Ascent Solar Announces Further Improvement in Second Quarter 2017
Financial Results
Ascent Solar Technologies, Inc., a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV)
solutions, reported results for the quarter ended June 30, 2017.
Q2 2017 Financial Results:

The Company posted net revenue of $25K for Q2 2017 due to some contras and a $110K deferment of revenue recognition booked against
gross shipment of $205K. The deferment of revenue is mainly a timing issue relating to customer's inspection & testing of the product
shipped, and is confirmed to be added into the upcoming quarter's net revenue. The contras, which are mainly one-off items, are a direct
result of the Company's previous announcement with regards to the disposal of the EnerPlex branded consumer business, which was
primarily distributed through traditional brick and mortar retail outlets. We do not expect recurring contras going forward since the
discontinuation of the traditional retail channels are now completed. As noted in a previous announcement, the Company will be limiting its
consumer business going forward to only e-commerce platform, OEM and private labeling model, and instead focus more on the specialty PV
market such as defense, drones, aerospace and satellite markets.

Notwithstanding the marginal net revenue, the loss from operations narrowed significantly by about 54% from ($7.14M) in the second
quarter of 2016 to ($3.25M) this quarter. The sharp improvement was due to the corresponding reduction in expenses resulting from the
Company's exit from the brick and mortar consumer channels, lower depreciation and amortization as well as continuous cost reduction
initiatives in both R&D and manufacturing operations. The Company will continue to restructure and streamline its operations further to
achieve better operational efficiency and further cost reduction.

The net loss for the quarter also narrowed to ($4.72M), a sharp improvement of about 57% from ($11.17M) in corresponding quarter in 2016.
The substantial reduction in net loss was due in part to improved operational loss indicated earlier, as well as a positive swing of $3.58M from
a non-cash loss of $2.7M in the same period in 2016 to a non-cash gain of $0.93M on extinguishment of liabilities associated with the
outstanding convertible notes and convertible preferred stock.

Current liabilities were also reduced from $19.45M as of the period ended December 31, 2016 to $15.35M as of second quarter ended June
30, 2017 as the Company continues to improve its cash flow and the account payables and creditors are being paid down.

Management Comments:

"The disposal of the EnerPlex consumer brand is now completed, hence reducing the consumer business concentration. We will now be able
to streamline our business model and to better allocate our resources to focus on our core strengthdeveloping specialty PV markets with high
entry barriers like the military, first responders, emergency power, aviation (drones), and space and near-space applications" commented
Victor Lee, President and CEO of Ascent Solar Technologies, Inc. "The Company has made significant progress in these developing high-value
markets, and we will continue to sharpen our focus in such areas where Ascent is truly at the forefront of the competition."

"The most recent announcements of the successful delivery of the superlight and high-voltage modules, as well as our participation in the US
Special Operations Command (SOCOM) Exclusive TE 17-3 event in Washington DC, are strong testimonies to our progress in these focus
markets. We believe our earlier achievement in January 2017 of being the first and only flexible CIGS manufacturer to achieve ISO 9001:2015
certification, will help to speed up our sales velocity and enable us to better serve those premium market customers who demand highly
robust and failure-proof products that are manufactured under a superlative Quality Management System."

Mr. Lee concluded, "We have a good start in 3rd quarter and are optimistic to look forward to a stronger second half of 2017, as our high-
value PV market focus begins to take shape. We look forward to updating our shareholders as we make continued progress."

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Jul 25, 2017: Ascent Solar Delivers First Shipment of A Major Contract to Supply High-
Voltage Superlight Thin-Film Modules for High Altitude Aerospace Application
Ascent Solar Technologies, Inc., a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV)
solutions, announces that the Company has successfully delivered the first shipment of the major contract on June 26, 2017 pursuant to
announcement made on January 19, 2017.
The first shipment, represents approximately 21% of the total contract size, was delayed from the original scheduled shipment date at the
request of our customer due to delays in their project schedule. The shipment is now completed, successfully tested and accepted by
customer. We are now waiting for customer's revised shipment schedule for the remainder of the contract, which is expected to occur in first
quarter of 2018.

Dr. Joseph Armstrong, Founder and Chief Technology Officer of Ascent Solar said, "We have noted previously that Ascent's thin-film CIGS PV
technology produces modules with the highest power-to-weight ratio, and this characteristic is incredibly important especially for aerospace,
near-space, and space applications. We were able to provide the customer with a unique modular product that is designed to reduce part
count significantly over our competition, while providing the ability and flexibility to integrate the modules into different form factors for
different applications as their product evolves."

"This contract is by far the single largest PV sales contract in the corporate history of Ascent Solar, and the first ever large shipment of such
customized high-voltage superlight thin-film for high altitude application," said Victor Lee, CEO and President of Ascent Solar Technologies,
Inc. "The contract is not only significant in value but also underscores the power of Ascent's proprietary technology to address these rapidly
emerging and growing premium PV markets. We hope that this contract is only the 'tip of the iceberg' as the project, if successfully launched,
is expected to be rolled out on a much larger scale in the future."

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Jul 11, 2017: Ascent Solar Welcomes World Renowned Scientist Dr. Miguel Contreras as
Director of Process Engineering
Ascent Solar Technologies, Inc., a developer and manufacturer of state-of-the-art, lightweight and flexible thin-film photovoltaic (PV)
solutions, announced today that world-renowned scientist Dr. Miguel Contreras has joined the Ascent Solar team effective July 10, 2017 as
the Director of Process Engineering reporting directly to the Chief Technology Officer (CTO).
Dr. Contreras, formerly a Senior Scientist at the National Renewable Energy Laboratory (NREL), was a key member of the team that achieved
the world-record conversion efficiency of 20% with CIGS solar cells. Throughout his career with NREL, Dr. Contreras has produced several
world-record energy conversion efficiencies and holds 7 U.S. patents in this field. He has extensive experience in all facets of solar cell and PV
module fabrication, both front and back end, and has worked with nearly all types of CIGS (copper-indium-gallium-diselenide) technology,
manufacturers and researchers dating back to the early 1990's. Dr. Contreras holds a M.S. Degree in Electrical Engineering from University of
Wisconsin-Madison and Ph.D. in Materials Science from the Colorado School of Mines.

"We are very fortunate to bring Miguel into the Ascent family," stated Dr. Joseph Armstrong, CTO and Founder of Ascent Solar. "The PV world
is relatively small, and we have worked with Miguel for nearly three decades. He brings his expertise and world-record efficiency credentials
in CIGS technology to Ascent, which is the first company to have brought monolithically-integrated flexible CIGS to production. His extensive
background in deposition processes and equipment design and development further solidifies our existing team's prominence. His most
recent work, on high specific power PV solutions, is aligned well with the core technologies at ASTI. Miguel will oversee our outstanding
process engineering team, and brings his highly experienced perspective to many manufacturing challenges faced by CIGS companies. In
conjunction with ongoing activities in R&D, Miguel will also implement improvements in module performance for a wide range of commercial
applications, including the environments faced by military and aerospace applications. Ascent Solar now boasts well over 150 years of CIGS
and related thin film PV expertise."

Dr. Contreras said, "I am excited to be joining Ascent Solar, the undisputed leader in light-weight flexible and monolithically integrated CIGS
PV solutions. I look forward to using my expertise to advance Ascent's products, processes and business. Ascent's product line already is quite
remarkable and I'm encouraged that it is amenable to very large scale production. Lastly, I am looking forward to working with the team
which includes colleagues from past years. I am very excited about the possibilities and the future with Ascent Solar."

Mr. Victor Lee, President & CEO of Ascent Solar, said, "We are pleased and excited to have Miguel joining Ascent Solar. His addition to our
existing formidable technical and engineering teams comes at a perfect time as we have recently secured a significant funding commitment
from a strategic investor, enabling us to renew our emphasis on process improvement and cost reduction." Mr. Lee continued, "Miguel will
bring his extensive experience in CIGS and related thin film processes, as well as materials science technology, to further enhance Ascent
Solar's unparalleled technical expertise in the field of flexible CIGS technology. The addition of Miguel will enable our continued performance
improvement and provide added ability for Ascent Solar to expand into various new markets. Miguel will also be a key member of our team to
expand our manufacturing expertise overseas in partnership with our strategic investor."

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

May 19, 2017: Ascent Solar Announces Improved First Quarter 2017 Results
Ascent Solar Technologies, Inc., a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV)
solutions, reported results for the quarter ended March 31, 2017.
Q1 2017 Financial Results:

The Company posted net revenue of $281K for Q1 2017, a decline of approximately 60% from the corresponding quarter in 2016 of $710K.
The revenue decline is a direct result of the Company's exit from the EnerPlex branded consumer business, which was primarily distributed
through traditional brick and mortar retail outlets. As previously noted, the company has decided to limit its consumer business to e-
commerce platform and OEM model, and instead focus more on the specialty PV market such as defense, drones, aerospace and satellite
markets.

Notwithstanding the revenue decline, the loss from operations improved approximately 39% to $4.6M from $7.5M in the first quarter of
2016. This improvement was due mainly to the corresponding reduction in expenses resulting from the above-mentioned exit from the brick
and mortar consumer market. Lower depreciation and amortization as well as progressive cost reduction initiatives in R&D and manufacturing
operations also contributed to the improvement in operational loss. These expenses are expected to decline further as the Company
continues to restructure and streamline its operations.

The net loss for the quarter was $5.2M, which included approximately $540K, net in non-cash interest expense and losses on extinguishment
of liabilities associated with the outstanding convertible notes and convertible preferred stock, offset by non-cash gains related to changes in
the fair value of derivatives and to the sale of the EnerPlex brand. Overall, the net loss also improved sharply by about $5.3M, or
approximately 51% from $10.5M in Q1 2016.

Management Comments:

"Now that we have reduced the consumer business concentration, we will continue to streamline our business model to better allocate our
resources in order to focus on our core strengthdeveloping specialty PV markets with high entry barriers like the military, 1st responders,
emergency power, aviation (drones), space and near-space applications," commented Victor Lee, President and CEO of Ascent Solar
Technologies, Inc. "The Company has made significant progress in these developing high-value markets, and we will continue to sharpen our
focus in such areas where Ascent is truly at the forefront of the competition."

"We believe our recent achievement of being the first and only flexible CIGS manufacturer to achieve ISO 9001:2015 certification, will speed
up our sales velocity and enable us to better serve those premium market customers who demand highly robust and fail-proof products that
are manufactured under a superlative Quality Management System," Mr. Lee concluded. "We are optimistic and certainly look forward to a
stronger 2017 and beyond, as our high-value PV market focus begins to take shape. We look forward to updating our shareholders as we
make continued progress."

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Apr 17, 2017: Ascent Solar Announces FY2016 Results


Ascent Solar Technologies, Inc., reported results for the full year ended December 31, 2016.
FY2016 Financial Results:

The Company posted net revenue of $1.75M in 2016, a decline of approximately 73.2% from $6.54M in 2015. Loss from operations in 2016,
however, improved by $3.1M, or 11.2% from -$27.7M in 2015 to -$24.6M. Ascent Solar attributes this to a substantial reduction in SG&A
Expenses of 16.9% from $12.4M in 2015 to $10.3M in 2016, lower depreciation and amortization as well as progressive cost reduction
initiatives in R&D and manufacturing operations. These expenses are expected to decline further as the Company continues to restructure
and streamline its operations in 2017.

The revenue decline is a direct result of (i) the Company's exit from brick and mortar retail customers due to a number of factors, including
the high cost of doing business especially with those who were overly battery centric which is no longer in line with Ascent's overall
roadmap(ii) continuous price erosion witnessed in the portable battery market resulting from a huge influx of low cost products from Asia(iii)
very large charged-back and revenue contras from prior commitments resulting from discontinuation of EnerPlex&tradesales channels(iv)
bankruptcy of The Sports Authority, one of our large retail customers(v) an overall negative retail environment (especially for brick and mortar
retailers) during 2016(vi) changes in commercial terms from our largest EnerPlex customer that caused revenue recognition to be delayed to
later quartersand (vii) capital constraints and cost-cutting at the Company necessitated by the more difficult capital raising conditions
especially following its de-listing from the Nasdaq Capital Market in February 2016.

Net loss for the year 2016 was -$38.9M, that included approximately $14.3M in non-cash interest expense and change in fair value of
derivatives & extinguishment of liabilities that were associated with the outstanding convertible notes and convertible preferred stocks.
Overall, net loss improved by $6.9M, or approximately 15% from -$45.8M in 2015 to -$38.9M in 2016.

Management Comments:

"We are focused on improving our results as we moved on from the concentration in the consumer business," commented Victor Lee,
President and CEO of Ascent Solar Technologies, Inc. "Going forward, we will continue to streamline our business model in an effort to better
allocate our resources to be fully focused on our core strength in the developing specialty PV markets with high entry barriers like the military,
1st responders, emergency power, aviation (drones), and space & near-space applications.

"The Company has made significant progress in these developing high-value markets, and will continue to sharpen our focus in such areas
where Ascent is truly at the forefront of the competition. Notable milestones include the recent announcements that the Company's
superlight thin-film modules were selected by JAXA (Japan Aerospace Exploration Agency) for the second phase of evaluation for deep space
mission, as well as the securing of a major contract from an Asian-based customer. Additionally, our recent progress of being the first and only
flexible CIGS manufacturer to have achieved ISO 9001:2015 certification, will enable us to serve a larger universe of premium market
customers who prefer products manufactured under a superlative Quality Management System and must be as robust and fail proof as
possible."

Mr. Lee concluded, "Great progress was also made in the defense and emergency power market, particularly in the increasing interest shown
in our award winning, military-graded and GSA-listed MilPak&tradeE PV and battery-integrated blanket, which we believe will add to revenue
growth in 2017 and beyond. We are optimistic and certainly look forward to a stronger 2017 and beyond, as our high-value PV market focus
begins to take shape. We look forward to updating our shareholders as we make continued progress."

© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 52
Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Feb 27, 2017: Ascent Solar Signs Major Agreement with Hong Kong Based Consumer Goods
Supplier
Ascent Solar Technologies, Inc., a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV)
solutions, announces that the Company has signed an Intellectual Property Disposal Agreement and other collaboration agreement with its
existing battery product vendor, Sun Pleasure Co. Ltd ("SPCL") with regards to the transfer of Ascent's proprietary owned EnerPlex consumer
brand name, in an effort to better allocate its resources and to continue to focus on its core strength in the high-value specialty PV market.
Pursuant to the Agreements, Ascent will transfer its intellectual property related to the EnerPlex&tradebrand, which includes trademarks,
website domains, non-solar components of product designs and patents ("non-solar IP") to SPCL for a consideration of about $1.33M.
Following the transfer, Ascent will no longer produce or sell Enerplex-branded consumer products. Ascent will focus on its photovoltaic
business and will supply solar PV products to SPCL, supporting the continuous growth of EnerPlex&tradewith Ascent's proprietary and award-
winning thin-film solar technologies and products.

SPCL is a Hong Kong based, privately held company established in 2000 with consistent annual turnovers in excess of $100M within its group
of subsidiary companies over the last decade. The SPCL group has multiple factory operations across few cities in China and in Myanmar,
totaling 1.2 million sq. ft. of ISO 9002 certified manufacturing facilities and employing a staff of over 2,500 people. SPCL manufactures and
supplies wide range of consumer products, including consumer electronics, toys, and inflatable goods to major household retailers in the US,
Europe and Asia.

"The goal of the Agreements is to accelerate the growth of EnerPlex&tradeby leveraging on both parties' resources and expertise in our
respective fields. This will allow Ascent Solar to reduce our cash burn significantly, to better utilize our resources and better focus on our core
strength in PV," said Victor Lee, CEO and President of Ascent Solar Technologies, Inc. "We are pleased to have had the excellent support of
SPCL the last few years as a battery product supplier. We believe that having SPCL to take on the future development of EnerPlex&tradebrand
with Ascent playing a supporting role, will create a truly win-win solution for all and I am more than excited to execute the new elevated
partnership arrangement at a more strategic level."

Mr. Vincent Lau, Chairman and CEO of SPCL, said, "Since the establishment of the EnerPlex&tradebrand in late 2012, Ascent has done a
tremendous job in growing the brand, both in terms of distribution channels and revenues accounting for a significant share of the company's
total revenues. Over the years, EnerPlex&tradehas dramatically increased the number of retail locations where its products can be found in
the US, including Fry's Electronics, Verizon Wireless Premium Retail Stores, Cabela's, Micro Center and many others, offering a coast-to-coast
point-of-sales coverage. Internationally, EnerPlex&tradeproducts are also available in well-known retailers such as Maplin Electronics in the
UK and other locations in Europe and Australia. We are confident that with SPCL's decades of manufacturing expertise and presence in Asia,
plus the support of Ascent Solar with its flexible, lightweight thin-film solar products, EnerPlex&tradewill grow from strength to strength to be
a household name and consumers' choice of portable power solution provider."

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Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Feb 23, 2017: Ascent Solar's Quality Management System Achieves ISO 9001:2015
Certification
Ascent Solar Technologies, Inc., a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV)
solutions, announces that effective February 16, 2017, the Company is certified by Platinum Registration, Inc. as a company that has
developed, implemented and maintains a Quality Management System (QMS) that conforms to the requirements of the ISO 9001:2015
international standard.
The scope of this certification includes design, development and manufacturing of solar power systems, consumer electronic products and
accessories, solar and non-solar based.

"We are thrilled that we have met our goal for achieving ISO 9001:2015 certification of our QMS," stated Mr. Victor Lee, President and Chief
Executive Officer of Ascent Solar Technologies, Inc. "Ascent Solar has always maintained a high level of QMS to begin with. However, as we go
through the stringent certification process, we have further enhanced our system and processes, resulting in even greater synergy across all
departments and different aspects of the Company."

Mr. Lee continued, "As we focus on the highly specialized military and aerospace markets, we have had several inquiries regarding the status
of our QMS, and we are now proud to notify our potential customers that our management system has achieved the ISO 9001:2015
certification. We believe that achieving ISO 9001:2015 certification will enable Ascent to confidently address these markets, and opens up
more addressable markets going forward."

Dr. Amit Kumar, Chairman of the Board of Ascent Solar, added, "We are pleased to be the first and only flexible CIGS manufacturer who has
achieved ISO 9001:2015, enabling us to serve a large universe of customers who prefer products manufactured under a superlative Quality
Management System. Many of our premium products serve the military and space markets, and must be as robust and fail proof as possible.
Our QMS provides such customers with the assurance that our products are manufactured with the quality necessary for their applications."

© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 54
Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Jan 19, 2017: Ascent Solar Clinches Major Contract to Supply High-Voltage Superlight Thin-
Film Modules for High Altitude Aerospace Application
Ascent Solar Technologies, Inc., a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV)
solutions, announces that the Company has secured a major contract from an Asian customer to supply its high-voltage, superlight thin-film
module for an advanced aerospace application.
"Ascent Solar was asked to customize a fully encapsulated, large area thin-film module weighing no more than 420 grams per square meter
(1.38 ounces per square foot), which could withstand extreme operating temperature ranges from +100 to -75 Degree Celsius (approximately
+210 to -100 Fahrenheit)," said Dr. Joe Armstrong, founder and CTO of Ascent Solar. "Furthermore, the Ascent team designed the module to
easily integrate into the customer's application. Meeting these specific requirements demonstrates our ability to continuously achieve new
frontiers in the lightweight thin-film solar arena, and establish Ascent as the leader in high value-add PV markets."

After lengthy and vigorous testing and validation for over 2 years, the customer is now making commercial size orders. They are impressed
with Ascent's technology, the team and the unique offerings of monolithically-integrated thin-film modules. The total contract value is
approximately $516K, and product will be delivered throughout the year.

"This is by far the single largest PV sales contract in the corporate history of Ascent Solar," said Victor Lee, CEO and President of Ascent Solar
Technologies, Inc. "While the contract is significant in value, it underscores the power of Ascent's technology to address these rapidly
emerging and growing markets. We have noted previously that Ascent's thin-film technology produces modules with the highest power-to-
weight ratio. For aerospace and space applications, this characteristic is incredibly important. Additionally, the flexibility to integrate the
modules into different form factors and applications, makes our technology suitable for this growing market. This contract is only the 'tip of
the iceberg' as the project, if successfully launched, is expected to be rolled out on a much larger scale in the near future."

"Since pivoting away from the traditional and highly commoditized on-grid and rooftop solar markets in 2012, Ascent has been focusing on
developing high value-added commercial and consumer solar products, to ensure better margin protection," Mr. Lee continued. "The sales
process and cycle in such specialty PV market can be tedious and lengthy, but the progress has been very encouraging."

Mr. Lee concluded, "We believe there are a lot of great things happening at the Company in 2017, which should engender growth and
encourage confidence. We will gladly continue to update shareholders and investors on new developments and market opportunities."

© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 55
Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

Jan 17, 2017: Ascent Solar and EnerPlex Exhibit at the 2017 CES Trade Show
Ascent Solar Technologies, Inc., a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV)
solutions, announced that the Company's EnerPlex brand was once again, well received at the 2017 International Consumer Electronics Show
(CES) in Las Vegas.
"Much like last year, we wowed the 2017 CES trade show audience with what we believed is the best in mobile power," said Brad Brochocki,
Senior Manager of Brand Development and Marketing for Ascent Solar and EnerPlex. "Visitors to our booth got a glimpse of our expanded
suite of EnerPlex consumer products, as well as some of Ascent Solar's loftier endeavors -- such as the Aerospace and Military exhibit. Overall,
it was an amazing showing with Ascent Solar once again demonstrating our ability to push the boundaries of technological innovation in thin-
film solar."

For 50 years (since 1967), CES has been the launch pad for new innovations and technologies which have helped to shape the world.
Showcasing more than 3,800 exhibiting companies, CES is recognized as one of the largest technology conventions in the world.

The Company has come a long way since its initial debut at CES. Over the years, the Company has done exceptionally well with developing its
consumer based products for the EnerPlex brandall evolving around the eco system of COLLECT IT (Solar), STORE IT (Battery), USE IT
(Accessories), which include a comprehensive portable power solution like the EnerPlex Kickr, EnerPlex Commandr, EnerPlex Surfr, EnerPlex
Jumpr, the EnerPlex Generatr and the EnerPlex Packr.

Mr. Brochocki concluded, "CES is the perfect forum to display our products, technological advancements and innovative capabilities. We also
had the opportunity to sell our custom design services to future customers while demonstrating the progress we've made since our 2013 CES
exhibit. This 2017 CES exhibit was a great success, and we look forward to the many opportunities we anticipate will come from this event."

© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 56
Ascent Solar Technologies Inc (ASTI) - Power - Deals and Alliances Profile
Report Code: GDPE11490D
Published: May 2018

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