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Yahoo
8 hours ago
- Business
- Yahoo
Ascent Solar Technologies, Inc. Announces Pricing of $2.0 Million Public Offering
THORNTON, Colo., June 27, 2025 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (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 announced the pricing of a public offering of an aggregate of 1,000,000 shares of its common stock (or pre-funded warrants in lieu thereof) and warrants to purchase up to 1,000,000 shares of common stock (the 'Warrants'), at a combined public offering price of $2.00 per share (or per pre-funded warrants in lieu thereof) and accompanying Warrant. The Warrants will have an exercise price of $2.00 per share, will be exercisable immediately upon issuance, and will expire on the five-year anniversary of the initial issuance date. The closing of the offering is expected to occur on or about June 30, 2025, subject to the satisfaction of customary closing conditions. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. The aggregate gross proceeds to the Company from the offering are expected to be $2.0 million before deducting the placement agent's fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from this offering for working capital, product development activities, general and administrative expenses and other general corporate purposes. The securities described above are being offered pursuant to a registration statement on Form S-1 (File No. 333-288300), which was declared effective by the Securities and Exchange Commission (the "SEC") on June 27, 2025. The offering is being made only by means of a prospectus forming part of the effective registration statement relating to the offering. A preliminary prospectus relating to the offering has been filed with the SEC and is available on the SEC's website at and a final prospectus relating to the offering will be filed with the SEC. Electronic copies of the final prospectus, when available, may be obtained on the SEC's website at and may also be obtained, when available, by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at (212) 856-5711 or e-mail at placements@ This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. 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 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 completion of the offering, the satisfaction of customary closing conditions related to the offering and the anticipated use of proceeds therefrom. 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, including market and other conditions. 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@
Globe and Mail
a day ago
- Business
- Globe and Mail
Ascent Solar Technologies Enters Collaborative Agreement Notice with NASA to Advance Development of Thin-Film PV Power Beaming Capabilities: Nasdaq: ASTI
$ASTI Thin Film CIGS Solar Tech has Key Applications in Aerospace, Agrivoltaic Installations, Industrial/Commercial Construction and Consumer Goods Provider of Innovative, High-Performance, Flexible Thin-Film Solar Panels for Environments Where Wass, Performance, Reliability and Resilience Matter. Successful Applications in Space Missions, Aircraft, Agrivoltaic Installations, Industrial/Commercial Construction and Consumer Goods. Research and Development Center and 5-MW Nameplate Production Facility Strategically Located in Thornton, Colorado. Multiple Strategic Partners in the Space Market, Including a Major Defense Contractor, Multiple Deployable Technology Companies and a Satellite Company. Ascent Solar Technologies Enters Collaborative Agreement Notice with NASA to Advance Development of Thin-Film PV Power Beaming Capabilities. Record New Efficiency of 15.7% at Production Scale for CIGS Solar Technology. Master Services Agreement to Provide NOVI Space with Rollable PV Array Blankets for Launch in 2026. THORNTON, Colo. - June 26, 2025 - 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, announced today that the company is commencing work on a Collaborative Agreement Notice (CAN) with NASA Marshall Space Flight Center (MSFC) and support from NASA Glenn Research Center (GRC) to efficiently advance capabilities for receiving beamed power using CIGS PV modules. Ascent Solar Technologies, Inc. (NASDAQ: ASTI) is backed by 40 years of R&D, 15 years of manufacturing experience, numerous awards, and a comprehensive IP and patent portfolio. ASTI is a leading provider of innovative, high-performance, flexible thin-film solar panels for use in environments where mass, performance, reliability and resilience matter. ASTI 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. The ASTI research and development center and 5-MW nameplate production facility is strategically located in Thornton, Colorado. The CAN program targets rapid iterative development to mature commercial products for enabling mission architectures to include beamed power. The public-private partnership includes Ascent contributing design and prototyping services with NASA providing technical subject matter expertise and test services through combined MSFC & GRC efforts. This 12-month technology maturation will result in commercial products being made available for distributed space power infrastructure, drastically lowering the cost, complexity and risk of NASA missions. Launched in 2023, NASA's Psyche Mission has demonstrated deep space laser communications across 19 million miles of space, validating the efficacy of tight-beaming technologies over vast distances. Bench-testing conducted by NASA MSFC in 2024 demonstrated receiving beamed power using Ascent's commercial-off-the-shelf (COTS) products as a preceding validation of the technology prior to the CAN award. The CAN is evaluating the ability of Ascent's CIGS PV modules to generate power while illuminated by energy-dense beams of light, with goals to convert more usable power from the equivalent of tens of Earth's Sun. The ability to remotely receive 10x more power on-demand while using the same PV cells tasked with collecting sunlight can significantly reduce solar array mass and volume required to meet mission power needs. In practice, this suggests that beamed-power architectures can lead to reductions of both spacecraft mass and volume budgets. These size efficiencies will result in agency payloads proportionally increasing relative to the spacecraft as a whole, thus allowing the prioritization of more technology, science and exploration within limited mission budgets. Planetary missions require advanced surface mobility logistics and depend on power generation subsystems that comprise a substantial proportion of the landed downmass. It is here where Ascent technology poses a potential solution for reducing spacecraft power system mass and volume needs, creating a significant impact on the overall mission. The CAN's goals include increasing the array power output while lengthening the operational duty cycles to verify that improvements to this emerging technology can help enable NASA to effectively and efficiently achieve the agency's Commercial Lunar Payload Services (CLPS) missions, Artemis campaign to the Moon, and planetary science objectives. This includes enabling surviving the lunar night as well as powering remote access to areas of scientific interest such as cold traps and permanently shadowed regions on the Moon (PSRs) where water, the potential key to lunar in-situ resource utilization (ISRU), is believed to be located in high concentrations. Ultimately, this could lead to an order of magnitude reduction in the downmass required to access expensive space exploration and science mission destinations. The going rate for robotic landers on the Moon is between 6 & 7-figures per kilogram delivered to the lunar surface, equating to upwards of tens of millions of potential savings per lander mission. 'This collaboration with NASA further bolsters our longstanding belief that the unique capabilities of thin-film solar technology will play an integral role in overcoming the challenges of reliably converting solar energy and also receive beamed power in a breadth of harsh space environments,' said Paul Warley, CEO of Ascent Solar Technologies. 'Through our work together, we plan to bring an even more capable product line to market that will reduce mission costs and complexities while improving PV efficiency, making our technology a crucial piece of future space missions.' This cross-NASA-center teaming is demonstrative of rallying together with commercial partners to achieve the agency's broader Lunar program goals. Beamed power stands to allow NASA program dollars to accomplish more at a fraction of the cost. With 55 countries having signed the Artemis Accords since 2020, the establishment of critical Lunar infrastructure with less resources required facilitates achieving more together with international partners. Achievement of Record New Efficiency of 15.7% at Production Scale for CIGS Solar Technology On June 9th ASTI announced that its thin-film CIGS technology reached record efficiency at 15.7% (AM0) at production scale. This achievement aligns with the previously announced ASTI 2025 strategy which aimed to continue improving upon its thin-film PV's material quality, technological efficiency and production design optimization to increase the applicability of the technology in the space market. Using the Titan™, a module approximately one square foot in size, ASTI can now produce a formidable 15.7 watts in power per unit. These modules are approximately 0.03mm in thickness and just over eight grams in weight, possess an impressive power density of 1960W/kg before encapsulation. ASTI engineering and production teams have consistently achieved increases in device efficiency and overall performance since September 2023. In the last 18 months, ASTI has reached significant milestones in efficiency testing, with the latest achievement of 15.7% representing a significant increase from Q1 2024: Q3 2023: 11.6 watts Q4 2023: 13.3 watts Q1 2024: 14.0 watts Q2 2025: 15.7 watts (Note: Power generation figures reflect STC conditions and AM0) 'These continued efficiency improvements for our CIGS arrays are the direct result of our U.S.-based manufacturing team's tireless focus on process improvement and advanced device engineering,' said Paul Warley, CEO of ASTI. 'The jump in device efficiency we've experienced over the past two years has dramatically enhanced our technology's readiness for the space market, positioning it as an ideal solar material choice for satellite power systems and other spacecraft.' Master Services Agreement to Provide NOVI Space with Rollable PV Array Blankets for Launch in 2026 On May 27th ASTI announced the signing of a Master Services Agreement with NOVI Space, Inc., a Virginia-based space company that develops and operates AI-powered satellites with their TRL-9 edge computing technology. ASTI 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 ASTI 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 ASTI with solar array operational performance data from orbit. This allows ASTI 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. ASTI 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. Disclosure listed on the CorporateAds website Media Contact Company Name: Ascent Solar Technologies, Inc Contact Person: Paul Warley, President and CEO Email: Send Email Phone: (720) 872-5000 Address: 12300 Grant Street City: Thornton State: Colorado 80241 Country: United States Website:
Globe and Mail
09-06-2025
- Business
- Globe and Mail
Advanced Solar Space Technology; Record New Efficiency of 15.7% at Production Scale plus Master Services Agreement to Provide NOVI Space with Rollable PV Array Blankets for Launch in 2026: ASTI
$ASTI Thin Film CIGS Solar Tech has Key Applications in Aerospace, Agrivoltaic Installations, Industrial/Commercial Construction and Consumer Goods Provider of Innovative, High-Performance, Flexible Thin-Film Solar Panels for Environments Where Wass, Performance, Reliability and Resilience Matter. Successful Applications in Space Missions, Aircraft, Agrivoltaic Installations, Industrial/Commercial Construction and Consumer Goods. Research and Development Center and 5-MW Nameplate Production Facility Strategically Located in Thornton, Colorado. Multiple Strategic Partners in the Space Market, Including a Major Defense Contractor, Multiple Deployable Technology Companies and a Satellite Company. Record New Efficiency of 15.7% at Production Scale for CIGS Solar Technology. Master Services Agreement to Provide NOVI Space with Rollable PV Array Blankets for Launch in 2026. Customer and Partner Discussions Held During April Space Symposium. Spaceflight-Ready PV Blankets Rapidly Delivered to European Space Systems Provider in Record Two Weeks for Mission Launch This Year. Important New Order for Advanced Space PV Module Design Revision. Ascent Solar Technologies, Inc. (NASDAQ: ASTI) is backed by 40 years of R&D, 15 years of manufacturing experience, numerous awards, and a comprehensive IP and patent portfolio. ASTI is a leading provider of innovative, high-performance, flexible thin-film solar panels for use in environments where mass, performance, reliability and resilience matter. ASTI 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. The ASTI research and development center and 5-MW nameplate production facility is strategically located in Thornton, Colorado. Achievement of Record New Efficiency of 15.7% at Production Scale for CIGS Solar Technology On June 9th ASTI announced that its thin-film CIGS technology reached record efficiency at 15.7% (AM0) at production scale. This achievement aligns with the previously announced ASTI 2025 strategy which aimed to continue improving upon its thin-film PV's material quality, technological efficiency and production design optimization to increase the applicability of the technology in the space market. Using the Titan™, a module approximately one square foot in size, ASTI can now produce a formidable 15.7 watts in power per unit. These modules are approximately 0.03mm in thickness and just over eight grams in weight, possess an impressive power density of 1960W/kg before encapsulation. ASTI engineering and production teams have consistently achieved increases in device efficiency and overall performance since September 2023. In the last 18 months, ASTI has reached significant milestones in efficiency testing, with the latest achievement of 15.7% representing a significant increase from Q1 2024: Q3 2023: 11.6 watts Q4 2023: 13.3 watts Q1 2024: 14.0 watts Q2 2025: 15.7 watts (Note: Power generation figures reflect STC conditions and AM0) 'These continued efficiency improvements for our CIGS arrays are the direct result of our U.S.-based manufacturing team's tireless focus on process improvement and advanced device engineering,' said Paul Warley, CEO of ASTI. 'The jump in device efficiency we've experienced over the past two years has dramatically enhanced our technology's readiness for the space market, positioning it as an ideal solar material choice for satellite power systems and other spacecraft.' Master Services Agreement to Provide NOVI Space with Rollable PV Array Blankets for Launch in 2026 On May 27th ASTI announced the signing of a Master Services Agreement with NOVI Space, Inc., a Virginia-based space company that develops and operates AI-powered satellites with their TRL-9 edge computing technology. ASTI 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 ASTI 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 ASTI with solar array operational performance data from orbit. This allows ASTI 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. ASTI 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. Customer and Partner Discussions During Space Symposium On April 24th ASTI reported on its in-person tours and meetings hosted during the 40th Annual Space Symposium in Colorado Springs earlier in April 2025. Director of Space Solutions, Julian Miller, hosted six organizations onsite at the ASTI Thornton facility, and met with several others while attending the conference. Visitors reviewed the scale of ASTI operations, met with its technical team to better understand its customization and features, and further discussed collaborations for future space programs with respect to both product development and direct sales. The ASTI 5MW production facility currently has the capacity to ship orders in excess of 100kW this summer. Space industry discussions include the exploration of new advanced capabilities enabled by ASTI CIGS PV products' combination of resiliency with mass, volume, cost and schedule efficiencies. These opportunities span across commercial, civil and defense market sectors and include emerging markets such as in-space manufacturing, distributed space power grids and Lunar surface operations, among others. Spaceflight-Ready PV Blankets Delivered to European Space Systems Provider in Record-Breaking Two Weeks for Launch This Year On March 28th ASTI announced the delivery of spaceflight-ready PV blankets to a leading European space systems provider, enabling an innovative new capability for making spacecraft lighter and more powerful. The ASTI PVblankets are expected to be flown to space later this year. ASTI flexible CIGS PV design allows the delivered space solar array products to provide mission-enabling rollability within challenging mass and volumetric constraints. Qualification test and spaceflight operational data is expected to be made available to prospective customers as available as part of the ASTI Hardware Developer Kit program, aimed at making it easier for space mission managers and spacecraft engineers to unlock both mass savings and increased performance with Plug & Fly™ solar array hardware assemblies. ASTI spaceflight-proven, high-TRL solar array products allow for rapid customization and short delivery timelines, thanks to its 5 MW production facility and refined manufacturing processes. This partnership enables the European space systems provider to leverage ASTI expertise, reducing both mission risk and cost. Order Received for Advanced Space PV Module Design Revision On March 27th ASTI announced an order to revise the design of its space solar products after being evaluated by a potential customer interested in technologies capable of receiving beamed power. ASTI CIGS PV products have undergone performance testing by multiple third parties evaluating technologies for receiving beamed power. An initial beamed-power optimized module was designed, prototyped, and delivered to multiple third parties for testing and evaluation in less than one month's time. Analysis of both the ASTI preliminary commercial off-the-shelf CIGS PV module and the beamed power optimized CIGS PV module prototype test data validated ASTI CIGS PV material's superior thermal properties and demonstrated a pathway to further increase performance and power output. This design iteration was the basis of the most recent order received for the enhanced prototype after additional testing. ASTI is now fine-tuning module design modifications. ASTI ability to quickly design, iterate, and refine space solar array products in its 5MW manufacturing facility demonstrates the reliable Manufactured Readiness Levels (MRLs) for current and prospective customers. ASTI is differentiated from traditional space solar providers' silicon-based PV products, as their CIGS manufacturing process allows design features and production processes to be adjusted for each customer's application needs. These agile and bespoke design capabilities enable ASTI to provide superior products relative to other prospective solar providers, meeting the needs of global customers as the space-based solar power market expands. For more information on $ASTI visit: or Disclosure listed on the CorporateAds website Media Contact Company Name: Ascent Solar Technologies, Inc Contact Person: Paul Warley, President and CEO Email: Send Email Phone: (720) 872-5000 Address: 12300 Grant Street City: Thornton State: Colorado 80241 Country: United States Website:
