Ascent Solar Technologies Provides Corporate Update Detailing Customer Pipeline and Sales Progress in Space and Aerospace Industries

Rhea-AI Summary

Ascent Solar Technologies (NASDAQ: ASTI), a leading U.S. manufacturer of flexible CIGS thin-film photovoltaic solutions, has released a corporate update outlining its growth trajectory in aerospace and space industries. The company projects significant revenue growth, with 2026 sales estimated between $5-20 million and 2027 sales projected at $25-40 million.

The company has achieved several notable milestones, including collaboration with NASA on the LISA-T Mission, establishing a Master Services Agreement with NOVI, and forming multiple partnerships in space and defense sectors. Following its 2023 restructuring, ASTI has improved technology efficiency and streamlined order fulfillment to just a few days.

["Projected revenue growth with 2026 sales of $5-20M and 2027 sales of $25-40M", "Strategic partnerships with NASA and multiple space/defense organizations", "Improved operational efficiency with order fulfillment reduced to few days", "Successfully deployed technology in NASA's LISA-T Mission"]

Positive

• None.

Negative

• Sales projections are not based on contracted revenue
• Current revenue figures not disclosed
• Actual market penetration and adoption rates unclear

News Market Reaction

+12.21% 1.8x vol

12 alerts

+12.21% News Effect

+14.1% Peak in 27 hr 35 min

+$613K Valuation Impact

$6M Market Cap

1.8x Rel. Volume

On the day this news was published, ASTI gained 12.21%, reflecting a significant positive market reaction. Argus tracked a peak move of +14.1% during that session. Our momentum scanner triggered 12 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $613K to the company's valuation, bringing the market cap to $6M at that time. Trading volume was above average at 1.8x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

THORNTON, Colo., Aug. 06, 2025 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, (Nasdaq: ASTI) (“Ascent'' or the “Company”), the leading U.S. innovator in the design and manufacture of featherweight, flexible, and durable CIGS thin-film photovoltaic (PV) solutions, today published a corporate update detailing its customer and sales progress, as well as its strategy to meet growth opportunities in the aerospace and space industries.

The full report can be found here, projecting 2026 sales to reach $5 million to $20 million, and 2027 sales to achieve $25 million to $40 million. These figures are estimated based on current customer discussions and testing coupled with a rapidly growing market opportunity in aerospace and space. It does not reflect sales currently under contract.

The report also outlines the Company’s competitive advantages and details its customer acquisition strategies within its respective market focuses of aerospace and space. It follows a number of significant milestones achieved by Ascent in the last two years, including its space solar modules flying on NASA’s LISA-T Mission; signing a Collaborative Agreement with NASA to advance the development of its thin-film PV power beaming capabilities; establishing a Master Services Agreement with NOVI; signing several teaming agreements and MOUs with various organizations in the space and defense industries; and providing test product samples to several other companies for potential adoption.

“We are very proud of the technological and commercial progress achieved since our corporate restructuring in 2023. In that short time our company has made remarkable efficiency improvements to our technology and processes, established an unrivaled ability to fulfill orders in just a few days, and connected with numerous potential customers interested in testing our technology. All of this and more is reflected in our confidence in issuing this report,” said Paul Warley, CEO of Ascent Solar Technologies. “We are laser-focused on improving efficiency and engaging a wide range of companies that represent a broad customer base, with a focus on providing technology that meets the burgeoning need for durable, reliable solar solutions in space.”

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

INVESTOR CONTACT

ir@ascentsolar.com

FAQ

What are Ascent Solar's (ASTI) revenue projections for 2026 and 2027?

Ascent Solar projects sales of $5-20 million for 2026 and $25-40 million for 2027, based on current customer discussions and market opportunities.

What major partnerships has Ascent Solar (ASTI) secured in the space industry?

ASTI has secured partnerships with NASA for the LISA-T Mission, signed a Collaborative Agreement with NASA for PV power beaming, established an MSA with NOVI, and formed several teaming agreements in the space and defense sectors.

How has Ascent Solar (ASTI) improved since its 2023 restructuring?

Since restructuring in 2023, ASTI has improved technology efficiency, reduced order fulfillment time to a few days, and established connections with numerous potential customers for technology testing.

What is Ascent Solar's (ASTI) main product focus?

ASTI specializes in featherweight, flexible, and durable CIGS thin-film photovoltaic (PV) solutions, primarily targeting aerospace and space industries.

Are Ascent Solar's (ASTI) projected sales figures based on existing contracts?

No, the projected sales figures are not based on current contracts but rather on ongoing customer discussions, testing activities, and market opportunities in aerospace and space sectors.