Ascent Solar Technologies Signs Master Services Agreement to Provide NOVI Space with Rollable PV Array Blankets for Launch in 2026
Ascent Solar Technologies (NASDAQ: ASTI) has signed a Master Services Agreement with NOVI Space to provide rollable photovoltaic (PV) array blankets for NOVI's AI-powered satellite constellation, set to launch in early 2026. The agreement includes NOVI sharing orbital performance data of the solar arrays with Ascent.
As a key advantage, Ascent can deliver mission-optimized solar arrays in just 6-8 weeks, significantly outpacing competitors who typically require 9-12 months. The company manufactures its CIGS PV products at its 5MW facility in Thornton, CO. The partnership aims to support NOVI's mission of delivering real-time Earth Observation insights directly from space.
Ascent Solar Technologies (NASDAQ: ASTI) ha firmato un Accordo Quadro di Servizi con NOVI Space per fornire coperte di pannelli fotovoltaici (PV) arrotolabili per la costellazione satellitare AI-powered di NOVI, prevista per il lancio all'inizio del 2026. L'accordo prevede che NOVI condivida con Ascent i dati sulle prestazioni orbitali dei pannelli solari.
Un vantaggio chiave è che Ascent può consegnare pannelli solari ottimizzati per la missione in appena 6-8 settimane, superando di gran lunga i concorrenti che solitamente richiedono 9-12 mesi. L'azienda produce i suoi prodotti PV CIGS presso il suo stabilimento da 5MW a Thornton, CO. La partnership mira a supportare la missione di NOVI di fornire informazioni in tempo reale sull'osservazione della Terra direttamente dallo spazio.
Ascent Solar Technologies (NASDAQ: ASTI) ha firmado un Acuerdo Marco de Servicios con NOVI Space para suministrar mantas de paneles fotovoltaicos (PV) enrollables para la constelación satelital impulsada por IA de NOVI, cuyo lanzamiento está previsto para principios de 2026. El acuerdo incluye que NOVI comparta con Ascent datos de rendimiento orbital de los paneles solares.
Una ventaja clave es que Ascent puede entregar paneles solares optimizados para la misión en solo 6-8 semanas, superando significativamente a los competidores que normalmente requieren de 9 a 12 meses. La empresa fabrica sus productos PV CIGS en su instalación de 5MW en Thornton, CO. La asociación tiene como objetivo apoyar la misión de NOVI de proporcionar información en tiempo real de Observación de la Tierra directamente desde el espacio.
Ascent Solar Technologies (NASDAQ: ASTI)는 NOVI Space와 AI 기반 위성 별자리를 위해 롤러블 태양광(PV) 배열 담요를 제공하는 마스터 서비스 계약을 체결했으며, 2026년 초에 발사될 예정입니다. 이 계약에는 NOVI가 Ascent와 태양광 배열의 궤도 성능 데이터를 공유하는 내용이 포함되어 있습니다.
주요 장점으로 Ascent는 임무에 최적화된 태양광 배열을 단 6-8주 만에 제공할 수 있어, 일반적으로 9-12개월이 걸리는 경쟁사들보다 훨씬 빠릅니다. 회사는 콜로라도주 손턴에 위치한 5MW 시설에서 CIGS PV 제품을 제조합니다. 이번 파트너십은 NOVI가 우주에서 직접 실시간 지구 관측 정보를 제공하는 임무를 지원하는 것을 목표로 합니다.
Ascent Solar Technologies (NASDAQ : ASTI) a signé un accord-cadre de services avec NOVI Space pour fournir des couvertures de panneaux photovoltaïques (PV) enroulables destinées à la constellation de satellites propulsée par IA de NOVI, prévue pour un lancement début 2026. L'accord inclut le partage par NOVI des données de performance orbitale des panneaux solaires avec Ascent.
Un avantage clé est qu'Ascent peut livrer des panneaux solaires optimisés pour la mission en seulement 6 à 8 semaines, dépassant largement ses concurrents qui nécessitent généralement 9 à 12 mois. L'entreprise fabrique ses produits PV CIGS dans son site de production de 5 MW à Thornton, CO. Ce partenariat vise à soutenir la mission de NOVI, qui est de fournir des informations d'observation de la Terre en temps réel directement depuis l'espace.
Ascent Solar Technologies (NASDAQ: ASTI) hat eine Rahmenvereinbarung mit NOVI Space unterzeichnet, um rollbare photovoltaische (PV) Solarmatten für NOVIs KI-gesteuerte Satellitenkonstellation bereitzustellen, die Anfang 2026 starten soll. Die Vereinbarung sieht vor, dass NOVI Ascent Leistungsdaten der Solarmodule im Orbit zur Verfügung stellt.
Ein entscheidender Vorteil ist, dass Ascent missionsoptimierte Solarmodule in nur 6-8 Wochen liefern kann, was die Wettbewerber, die üblicherweise 9-12 Monate benötigen, deutlich übertrifft. Das Unternehmen produziert seine CIGS-PV-Produkte in seiner 5-MW-Anlage in Thornton, CO. Die Partnerschaft zielt darauf ab, NOVIs Mission zu unterstützen, Echtzeit-Erdbeobachtungsdaten direkt aus dem Weltraum bereitzustellen.
- Secured contract for solar array supply to NOVI Space's satellite constellation
- Superior delivery timeline of 6-8 weeks vs. industry standard 9-12 months
- Will receive valuable orbital performance data to improve future products
- Current spaceflight hardware orders on track for summer delivery
- None.
Insights
Ascent's deal with NOVI strengthens its space technology position with significant competitive advantages in production speed and specialized solar solutions.
This agreement represents a meaningful advancement for Ascent Solar's positioning in the rapidly growing space technology market. The company's rollable photovoltaic array technology addresses a critical pain point in satellite deployment - power generation systems that are both lightweight and quick to produce.
The most impressive competitive advantage highlighted is Ascent's 6-8 week delivery timeline versus the industry standard 9-12 months. This
NOVI's planned Q1 2026 launch provides Ascent with a commercial validation opportunity for their CIGS (Copper Indium Gallium Selenide) thin-film technology in actual space conditions. The agreement's data-sharing component is particularly valuable, as orbital performance metrics will allow Ascent to refine their technology without requiring separate test missions.
The partnership leverages Ascent's existing 5MW production facility in Thornton, which suggests this contract can be fulfilled without significant capital expenditure. The agreement also demonstrates market validation of Ascent's specialized manufacturing capability (high MRL) combined with technology readiness (high TRL).
While specific financial terms and volumes aren't disclosed, this agreement strengthens Ascent's competitive position in the specialized space solar market, where margins are typically higher than terrestrial solar applications. The contract also suggests potential for recurring revenue if NOVI's constellation expands beyond initial deployment.
THORNTON, Colo., May 27, 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, today announced the signing of a Master Services Agreement with NOVI Space, Inc. (“NOVI”), a Virginia-based space company that develops and operates AI-powered satellites with their TRL-9 edge computing technology.
Ascent has been contracted to provide rollable PV array blankets to NOVI to deliver real-time Earth Observation insights directly from space. NOVI plans to utilize the Company’s lightweight, rollable solar technology in their AI edge processing constellation, scheduled for launch in early 2026. As part of the supply agreement, NOVI will provide Ascent with solar array operational performance data from orbit. This allows the Company to rapidly iterate and validate product enhancements for future missions and continue to build upon years of R&D and specialty engineering for products suitable to thrive in the rigors of space.
“Having a high technology readiness level isn't enough assurance for discerning space operators, a challenge that Ascent can uniquely address with our thin-film photovoltaic production solutions,” said Paul Warley, CEO of Ascent Solar Technologies. “The ability to reliably deliver power on shorter installation timelines removes solar arrays as a barrier to completion for mission schedules, allowing constellations of spacecraft to be completed sooner. Ascent combines both high TRL and MRL with mission-enabling features, helping partners like NOVI to do more, faster and with greater confidence.”
Ascent has the capabilities to deliver mission-optimized solar array solutions based on CIGS PV products already developed with spaceflight heritage. Its high-maturity CIGS PV products in manufactured in its 5MW production facility in Thornton, CO enables delivery of arrays in just 6-8 weeks, versus market competition that typically struggles to meet aggressive delivery schedules and strives for 9–12-month lead times. Ascent’s recent pair of orders received for spaceflight hardware assemblies are on schedule to be completed and delivered by the Company this summer.
“We are glad to have found a partner in Ascent that is able to provide plug and play arrays for our current bus, enabling NOVI to launch its first set of commercial satellites in Q1 of 2026. We look forward to incorporating Ascent’s new, rollable technology into our constellation,” said Scott Steffan, CRO and Co-Founder of NOVI Space, Inc.
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 for use in environments where mass, performance, reliability, and resilience matter. 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.
About NOVI:
NOVI is a Space AI infrastructure and compute company. In addition to providing the space industry with TRL 9, flight-proven OBCs, NOVI is developing and deploying a constellation of multi-sensor edge-processing satellites for EO, coupled to a full-stack data, algorithm, and intelligence management platform named VISTAsat™. This is an innovative space AI marketplace that provides open-access to our growing satellite network, and enables commercial companies, governments and developers to harness real-time space-based sensors, processors and intelligence, further changing the cost paradigm to drive innovation, create new use-cases and redefine how industries leverage EO.
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.
Ascent Solar Media Contact
Spencer Herrmann
FischTank PR
ascent@fischtankpr.com
FAQ
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