TFG Radiant Increases Ownership in Ascent Solar to 39% from 19.4%

Ascent Solar Technologies, Inc. ASTI announced today that TFG Radiant Investment Group Ltd. has completed the acquisition of the Ascent Solar common stock owned by Norsk Hydro Produksjon AS, previously announced on January 4, 2012. With the purchase, TFG Radiant's ownership interest increases from 19.4% to 39.0% of the outstanding common shares, making TFG Radiant the Company's largest shareholder. The shares were purchased for approximately $0.50 per share. 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.”