Ascent Solar Technologies Establishes Rapid Thin-Film PV Delivery Process to Provide Customized Space Solar Products Ahead of Schedule on Mission Enabling Timelines
Rhea-AI Summary
Ascent Solar Technologies (NASDAQ: ASTI) has established a rapid delivery process for customized space solar products, successfully delivering mission-optimized solar array blanket spaceflight hardware assemblies to multiple customers in under three weeks from order.
The company's Plug & Fly™ integrated assemblies feature enhanced designs with lighter weight and thinner space-rated laminates, enabling higher power generation within spacecraft dimensional constraints. The manufacturing facility in Thornton can produce thousands of smallsat hardware units weekly, with capability to scale production for constellation-level demands.
ASTI demonstrated its efficiency by completing a recent order from critical design review to tested spaceflight hardware in just 20 days, showcasing its ability to accelerate hardware development cycles while reducing orbital deployment costs.
Positive
- Rapid delivery capability of under 3 weeks for custom space solar products
- Enhanced product design with lighter weight and improved power generation
- Manufacturing capacity for thousands of smallsat units weekly
- Vertical integration enabling constellation-scale production
- Demonstrated 20-day turnaround from design to finished hardware
Negative
- None.
News Market Reaction
On the day this news was published, ASTI gained 7.77%, reflecting a notable positive market reaction. Argus tracked a peak move of +13.5% during that session. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $406K to the company's valuation, bringing the market cap to $6M at that time.
Data tracked by StockTitan Argus on the day of publication.
THORNTON, Colo., Aug. 07, 2025 (GLOBE NEWSWIRE) -- Ascent Solar Technologies (“Ascent” or the “Company”) (Nasdaq: ASTI), the leading U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, continues to set precedence via its new standard for rapid delivery of space-mission enabling PV products. The Company has now delivered mission-optimized solar array blanket spaceflight hardware assemblies to multiple customers, each in under three weeks from order.
The Plug & Fly™ integrated and encapsulated solar array blanket assemblies delivered were custom-designed to conform to each customer’s requirements using Ascent’s commercial-off-the-shelf CIGS PV modules in conjunction with new spaceflight heritage derived CIGS PV module designs. Enhancements to the Company’s designs previously flown in space include lighter weight and thinner space-rated laminates that allow more power to be reliably produced on orbit by being able to roll and stow higher power solar arrays within each spacecraft’s dimensional constraints.
“Speed and affordability are key factors toward democratizing space power and ultimately access,” said Paul Warley, CEO of Ascent Solar Technologies. “By providing spacecraft with power levels expected for satellites, Ascent has created entirely new opportunities for space mission managers and architects. Our products can drastically shorten the time to launch readiness for space missions and allow for more efficient rideshare launches. We accelerate hardware development cycles for our customers while also reducing their cost to reach orbit.”
The Company’s manufacturing production processes have been continuously refined for over a decade, enabling rapid delivery of NASA TRL9-derived solutions that are customized to space mission needs. The efficacy of Ascent’s vertical integration was demonstrated with its most recent order, which included a CIGS PV module and array custom designed for the satellite bus’ requirements, going from critical design review to acceptance tested spaceflight hardware packaged and ready to ship in 20 days.
“Our process and technology enable more than just rapid mission optimization, but vertical integration allowing new array blanket designs to be presently deliverable at constellation and megaconstellation scale,” said Warley. “With our current production capacity in Thornton, Ascent makes the equivalent of thousands of smallsat hardware units deliverable each week. We already have the ability to produce domestically at the scale required for the proliferated space architectures of today. Additionally, we can activate an order of magnitude more mission-optimizable production capacity on the timelines required by Golden Dome and other governmental or commercial procurement schedules.”
About Ascent Solar Technologies, Inc.
Backed by 40 years of R&D, 15 years of manufacturing experience, numerous awards, and a comprehensive IP and patent portfolio, Ascent Solar Technologies, Inc. is a leading provider of innovative, high-performance, flexible thin-film solar panels, optimized for use in space, military and defense, and other applications where mass, performance, reliability, and resilience are paramount.
Ascent’s photovoltaic (PV) modules have been deployed on space missions, multiple airborne vehicles, agrivoltaic installations, in industrial/commercial construction as well as an extensive range of consumer goods, revolutionizing the use cases and environments for solar power. Ascent Solar’s research and development center and 5-MW nameplate production facility is in Thornton, Colorado.
To learn more, visit https://www.ascentsolar.com.
Forward-Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" including statements about the financing transaction, our business strategy, and the potential uses of the proceeds from the transaction. 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. We have based these forward-looking statements on our current assumptions, expectations, and projections about future events. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as “will,” "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. No information in this press release should be construed as any indication whatsoever of our future revenues, stock price, or results of operations. 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 including those discussed under the heading “Risk Factors” in our most recently filed reports on Forms 10-K and 10-Q.
Media Contact
Spencer Herrmann
FischTank PR
Ascent@FischTankPR.com
FAQ
How long does Ascent Solar Technologies (ASTI) take to deliver custom space solar products?
What manufacturing capacity does ASTI have for space solar products?
What improvements has ASTI made to their space solar technology?
How does ASTI's Plug & Fly™ technology benefit space missions?
What is ASTI's fastest delivery time for space solar hardware?
