Industry First: Solar-Electric Silent Falcon™ Prepares for Initial Customer Orders

DENVER, Colorado - March 24, 2015 - Silent Falcon™ UAS Technologies (SFUAS), a former subsidiary of Bye Aerospace, Inc., working in close collaboration with Ascent Solar, has commenced initial low rate commercial production of the Silent Falcon™ unmanned aircraft system to fill its first commercial orders.

"Silent Falcon™ is the first solar-electric aircraft to enter commercial production.  Its solar-electric design gives it unmatched performance and value in its class.  Silent Falcon™ is taking and filling its initial customer orders," said John Brown, President of SFUAS.

The patent-pending Silent Falcon™ is a solar-electric, all composite, modular small Unmanned Aircraft System (sUAS) with an interchangeable wing configuration designed for commercial, public safety and defense applications. In 2010 Bye Aerospace created what is now SFUAS, capitalizing the company with a prototype electric unmanned aerial vehicle (UAV) and initial design work on solar electric hybrid propulsion. The combination of efficient aerodynamic design, lightweight composite construction and advanced solar energy collection gives the 30 lb. Silent Falcon™ UAS a remarkable 8+ hour flight endurance.   

In 2012 SFUAS selected Ascent Solar Technologies Inc. (NASDAQ:ASTI) to be a development partner and provide the solar cells on the Silent Falcon™ wings.

"We are extremely pleased with the Silent Falcon™ aircraft's capability," said Joe Armstrong, CTO of Ascent Solar. "Its solar wings, based on our in-production, flexible, monolithically integrated CIGS photovoltaic product, are performing well, giving the propulsion system a significant source of lightweight electric energy and enabling the aircraft's unprecedented endurance. We are honored to be the supplier chosen for the production vehicles."

"Customer flight demonstrations are underway today.  We believe Silent Falcon™ UAS has a large and growing military and international commercial market. Sales exceeding several hundred units per year are possible.  Customers now have access to the remarkable capability of the Silent Falcon™ UAS for the first time," said George Bye, Chairman of Silent Falcon UAS and CEO of Bye Aerospace.

ABOUT SILENT FALCON™ UAS TECHNOLOGIES

Silent Falcon™ UAS Technologies was established to develop patent-pending, state-of-the-art sUAS and sUAS sensors for the commercial, public safety and military ISR markets. The company is headquartered in Albuquerque, N.M. For more information, go to www.SilentFalconUAS.com.

ABOUT BYE AEROSPACE, INC.

Bye Aerospace, founded in 2007 and headquartered near Denver, is applying clean energy solutions to innovative aircraft designs for the general aviation and defense markets.  For more information, go to www.ByeAerospace.com.

ABOUT ASCENT SOLAR TECHNOLOGIES, INC.

Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible substrate materials that can transform the way solar power generation integrates into everyday life.  Ascent Solar modules were named as one of the top 100 technologies in 2010 by R&D Magazine, and one of TIME Magazine's 50 best inventions for 2011. This product can be directly integrated into consumer products and off-grid applications, as well as aerospace and building integrated applications. More information can be found at www.ascentsolar.com.

Forward Looking Statements

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 expressed 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 the Securities and Exchange Commission.