Ascent Solar Technologies, Inc. (NASDAQ:ASTI) announced today that it has been honored with the prestigious R&D 100 Award, presented annually by R&D Magazine to recognize the 100 most technologically significant new products and processes of the year, as judged by a panel of experts. The companys winning entry is its unique commercially manufactured monolithically integrated CIGS light weight and flexible thin-film modules using a plastic substrate for applications ranging from automotive, portable power and roof tops.

Farhad Moghadam, President and CEO of Ascent Solar stated, "Ascent Solar is the only module manufacturer to receive the accolade this year. The award is shared with ITN Energy Systems, the former parent company of Ascent Solar, and the originator of this technology. With our partners, we continue to develop innovative ways to use photovoltaics on a daily basis. Our modules enable the personal portability of solar power, applications for electrification of transportation and aesthetically pleasing integration of PV into building materials. Having our product selected as one of the top 100 innovations of the year by R&D Magazines panel of experts is both an honor and a confirmation of our ability to develop the next generation of solar products."

For 48 years, R&D 100 awards have been given by R&D Magazine to the top 100 technological achievements of the year. Previous award recipients have included anti-lock brakes, the fax machine, halogen lamps and liquid crystal displays.

"The R&D 100 Awards have always represented some of the most innovative concepts to reach the marketplace in the past year. 2010 is no exception, and we had a particularly strong field of entries for the judges to evaluate," said Rita Peters, editorial director of R&D Magazine.