Ascent Solar Technologies Expands Commercial and Defense Industry Expertise with Strategic Leadership Appointments
Ascent Solar adds senior military and business development experience to support expansion of its thin-film PV technology in defense and other core markets.
Rhea-AI Summary
Ascent Solar Technologies (ASTI) appointed Tom Bawol as Director of Strategic Sales & Market Development and LTG. Steve Smith as a Strategic Advisor on its Strategic Advisory Board.
Bawol brings over 20 years of U.S. Army Special Forces leadership plus private-sector experience in energy infrastructure and federal technology sales, and will focus on developing new commercial opportunities and strategic customer relationships for Ascent’s thin-film PV technology. LTG. Smith, a former senior U.S. Army leader who most recently oversaw approximately 700,000 personnel and a $4.8 billion budget, will advise company leadership on strategic opportunities and applications for its thin-film solar solutions in core markets such as space, defense, unmanned systems and marine sectors.
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Details
Market Reaction – ASTI
Following this news, ASTI has declined 2.35%, reflecting a moderate negative market reaction. Our momentum scanner has triggered 2 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $2.91. Trading volume is elevated at 2.3x the average, suggesting increased selling activity.
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Key Figures
- Military service
- Over 20 years
- Tom Bawol's U.S. Army Special Forces service
- Personnel overseen
- 700,000 personnel
- Steve Smith's prior Western Hemisphere Command role
- Command budget
- $4.8 billion
- Budget overseen in Steve Smith's prior command role
Historical Context
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Highlighted drone and marine demand alongside space-market product integration.
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Outlined commercial leads, customer expansion goals, and a private placement.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
thin-film photovoltaic technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
THORNTON, Colo., Sept. 09, 2026 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent” or the “Company”) (Nasdaq: ASTI), the leading U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced the additions of Tom Bawol as the Company’s new Director of Strategic Sales & Market Development, and LTG. Steve Smith to the Company’s Strategic Advisory Board in the role of Strategic Advisor.
Together, these appointments add decades of military leadership, strategic planning, operational management and business development experience to Ascent as it continues expanding the commercial reach of its thin-film PV technology within the space, defense, unmanned systems and other burgeoning markets.
Bawol joins Ascent after completing over 20 years of service as a leader in the U.S. Army Special Forces. During that time, he developed extensive experience leading complex operations, building partnerships and government, defense and commercial stakeholders. Recently, he expanded his experience in the private sector with roles in energy infrastructure and federal technology sales. His work has given him hands-on experience in identifying government customer requirements and developing strategies to translate emerging market needs into commercial growth opportunities.
In his new role, Bawol will help identify and develop new commercial opportunities for the Company’s thin-film PV technology. He will cultivate strategic relationships with prospective customers and partners to support Ascent’s continued expansion into markets in need of power generation capabilities that thrive in punishing conditions and environments.
LTG. Smith joins Ascent’s Strategic Advisory Board following a distinguished career in the U.S. Army that included senior leadership positions that oversaw large-scale military operations, logistics, technology integration and multinational partnerships. More recently, LTG. Smith served as the Deputy Commanding General of Western Hemisphere Command, where he oversaw approximately 700,000 personnel with a
At Ascent, his role on the Strategic Advisory Board will involve leveraging his vast experience with military operations, technology adoption and government partnerships to advise Company leadership on strategic opportunities and potential applications for the Company’s thin-film PV technology within its core markets.
“Tom Bawol and LTG. Steve Smith are both proven leaders that bring exceptional experience in relationship development and identifying actionable business development opportunities where our thin-film solar technology can actively address real-world challenges,” said Paul Warley, CEO of Ascent Solar Technologies. “Their expertise will play a crucial role in our continued efforts to expand the commercial reach of our thin-film products in space, defense, unmanned systems, marine and other core markets.”
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 statements also include, but are not limited to, statements related to the intended use of proceeds from the offering and the potential exercise of the series warrants. 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
