ASTIU Ascent Solar Technologies Unit (MM)

Ascent Solar Technologies, Inc., (NASDAQ:ASTIU) (BSX:AKC/U) announced today that CEO Matthew Foster will be presenting at the RedChip Small-Cap Investor Conference at 10:00 am (ET) on Wednesday August 16, 2006. The conference, sponsored by RedChip Companies, Inc., will feature presentations from approximately 40 publicly traded small-cap growth companies. Executives from these companies will discuss their businesses, products and services. The conference is being held at the Hilton Hotel, 1335 Avenue of the Americas, New York, NY. For additional information or to schedule a one-on-one meeting with Ascent Solar Technologies, Inc. at this conference please contact Jim Blackman at 713-256-0369 or jimblackman@prfinancialmarketing.com Internet Access: You may access the live presentation by web-cast at 10:00 a.m. (ET), Wednesday, August 16, 2006, at www.redchip.com. About RedChip RedChip has a long history of bringing research on selected small-cap companies to analysts and portfolio managers. RedChip Visibility(TM) provides small-cap companies access to both professional and individual small-cap investors by holding conferences throughout the United States, producing online corporate visibility programs, and writing company sponsored research. About Ascent Solar Technologies: Ascent Solar Technologies, Inc. is a developer of state of the art, thin-film photovoltaic materials and modules and is located in Littleton, Colorado. Please visit our website for additional information at www.ascentsolar.com. Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expresses or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.