Ascent Solar Makes Inducement Award to CEO

THORNTON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of state-of-the-art flexible thin-film solar modules, announced today that it has completed a grant of options to purchase 200,000 shares of common stock to Farhad Moghadam, Ph.D., the company's President and Chief Executive Officer. The grant was made on August 3, 2009, Dr. Moghadam's start date, as an inducement award pursuant to Nasdaq Rule 5635(c)(4). The planned grant was previously disclosed in a Form 8-K current report filed July 14, 2009. The options have an exercise price of $7.76 per share, and will vest in equal amounts over four years. In the event of a "Change of Control" (as defined in Dr. Moghadam's employment agreement), the stock options will be subject to accelerated vesting. The grant was approved by the Compensation Committee of the Company's Board of Directors.