Ascent Solar Tec - ASTI STOCK NEWS

Ascent Solar Technologies (NASDAQ: ASTI) announced that its Director of Space Solutions, Julian Miller, will be conducting meetings and facility tours during the 40th Annual Space Symposium in Colorado Springs from April 7th-10th, 2025.

The company will showcase its thin-film photovoltaic (PV) solutions at its 5MW production facility in Thornton, Colorado, to symposium attendees and major defense contractors. The facility currently has capacity to fulfill orders exceeding 100kW by summer.

Discussions will focus on Hardware Developer Kit partnerships and potential collaborations across commercial, civil, and defense space sectors. Applications include in-space manufacturing, distributed space power grids, and Lunar surface operations. The company is working to provide comprehensive test data for buyers interested in integrating lightweight solar arrays.

Ascent Solar Technologies (ASTI) has successfully delivered spaceflight-ready photovoltaic (PV) blankets to a major European space systems provider in a record-breaking two-week timeframe. The delivery showcases Ascent's flexible CIGS PV technology, which enables rollable solar arrays within strict mass and volume constraints.

The PV blankets are scheduled for space deployment later this year, with qualification test and spaceflight operational data to be shared through Ascent's Hardware Developer Kit program. This program aims to help space mission managers implement Plug & Fly™ solar array hardware assemblies.

The rapid delivery was made possible by Ascent's 5 MW production facility and refined manufacturing processes, allowing for quick customization while reducing mission risk and cost for the European partner.

Ascent Solar Technologies (NASDAQ: ASTI) has received an order to revise its space solar products design following evaluation for beamed power capabilities. The company's CIGS photovoltaic products underwent performance testing by multiple third parties, leading to the development of a beamed-power optimized module prototype within one month.

Test results confirmed the superior thermal properties of Ascent's CIGS PV material and showed potential for increased performance. The company is now implementing design modifications based on recent testing outcomes. Operating from its 5MW manufacturing facility in Thornton, CO, Ascent demonstrates reliable Manufacturing Readiness Levels (MRLs) with the ability to quickly design and iterate space solar array products.

The company's CIGS manufacturing process offers advantages over traditional silicon-based PV products, allowing customization of design features and production processes for specific customer applications in the expanding space-based solar power market.

Ascent Solar Technologies (ASTI) has provided a business update highlighting its progress in establishing long-term revenue through space solar solutions. The company is currently collaborating with multiple strategic partners in the space market, including a major defense contractor, deployable technology companies, and a satellite company for integration testing of their thin-film CIGS solar technology.

CEO Paul Warley announced that the company's turnaround process has been completed, with their products now achieving higher device performance necessary for space-based power applications. The company's solar efficiency improvements are creating new revenue opportunities driven by increasing demand for space vehicle power and solar energy beaming. All products are manufactured domestically at their Thornton, CO facility.

Ascent Solar Technologies (Nasdaq: ASTI) reviewed its 2024 achievements and outlined its 2025 strategies. The company, renowned for its featherweight, flexible thin-film photovoltaic (PV) solutions, made significant strides in optimizing its PV offerings for space environments, addressing a high-growth market.

Key 2024 milestones include:

• Improvements in CIGS technology, enhancing material quality, radiation resistance, technology efficiency, and areal density.
• Financial health improvements through debt resolution, warrant reduction, and fundraising efforts.
• Strategic partnerships with Momentus and The University of Stuttgart IGTE, and the creation of a Strategic Advisory Board.
• Increased brand awareness via media strategy and participation in industry events.

For 2025, Ascent aims to:

• Create new private partnerships focused on space applications.
• Continue advancing CIGS technology efficiency and production volume.
• Maintain a focus on space solar solutions, identified as the highest opportunity for impact and financial success.
• Boost research and development through collaborations with higher education and private partnerships.

More information is available on their website.

Ascent Solar Technologies (ASTI) has announced its positioning within the solar industry following a reverse stock split effective August 15, 2024. CEO Paul Warley stated that this move has better positioned the company for success in both the near and long term. Ascent has secured enough liquidity to continue operations into Q1 2025, allowing them to pursue strategic partnerships and customer engagements in key verticals like space and aerospace.

The company believes its thin-film solar PV technologies offer a viable product for efficient application across multiple high-growth sectors. Ascent has expanded its new business pipeline and achieved significant technological advancements over the past year, which they view as positive factors for potential customers and investors.

Ascent Solar Technologies (ASTI) has announced a 1-for-100 reverse stock split of its common stock, effective August 15, 2024. This decision, approved by stockholders on August 7, 2024, aims to meet Nasdaq's continued listing standards, particularly the $1.00 minimum bid price requirement. The reverse split will reduce ASTI's outstanding shares from approximately 102 million to 1.02 million. No fractional shares will be issued, and stockholders with less than 100 shares will receive one share. The split will also apply to outstanding warrants, stock options, and restricted stock units, with proportionate adjustments to exercise prices. Existing stockholders will receive instructions from Computershare regarding the exchange of shares.

Ascent Solar Technologies (Nasdaq: ASTI) announced that CEO Paul Warley will attend two major events this summer: ASCEND 2024 in Las Vegas (July 30-August 1) and the H.C. Wainwright 26th Annual Global Investment Conference in New York City (September 9-11).

At ASCEND 2024, focusing on materials science and technology, Warley will meet potential customers and partners in civil, commercial, and national security space sectors. At the H.C. Wainwright conference, Warley will present to investors and meet with senior executives and potential investors.

Warley emphasized the company's progress in advancing CIGS technology and improving corporate structure, stating these events provide opportunities to highlight Ascent's differentiators and connect with potential partners who can benefit from their unique solar capabilities.

Ascent Solar Technologies (Nasdaq: ASTI) announced that it has fully paid off its outstanding balances under a Securities Purchase Contract with an institutional investor, originally disclosed on December 19, 2022.

As of June 21, 2024, the company confirmed that all notes payable and related liabilities have been settled, leaving no further obligations under the contract.

Ascent Solar Technologies specializes in the design and manufacture of lightweight, flexible, and durable CIGS thin-film photovoltaic solutions.