Latest news with #AscentSolarTechnologies
Yahoo
27-05-2025
- Business
- Yahoo
Ascent Solar Technologies Signs Master Services Agreement to Provide NOVI Space with Rollable PV Array Blankets for Launch in 2026
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 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 HerrmannFischTank PRascent@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
01-05-2025
- Business
- Associated Press
From Powering Spacecraft To Showing Off Its Manufacturing Might, Ascent Solar Is Making Its Name In Spacetech
By Meg Flippin Benzinga DETROIT, MICHIGAN - May 1, 2025 ( NEWMEDIAWIRE ) - Ascent Solar Technologies (NASDAQ: ASTI), the maker of featherweight, flexible and durable CIGS thin-film photovoltaic (PV) solutions that have the potential to power everything from spacecraft to satellites in space, was busy at the 40th annual Space Symposium held earlier in April. The company met with space industry executives, potential customers and partners and showed off its cutting-edge 5MW production facility at its nearby headquarters via guided tours. It's not surprising that Ascent was flexing its prowess at the premier conference for the space industry. Its PV cells weigh little, are flexible and bendable and perform well in the dark, which is ideal for space settings. It's the reason it already counts NASA, DARPA and the National Renewable Energy Laboratory as partners and recently announced the delivery of spaceflight-ready PV blankets to a leading European space systems provider, enabling what the company says is an innovative new capability for making spacecraft lighter and more powerful. The company's PV technology enables energy beamed from satellites or orbital vehicles to be captured by these thin, flexible PV panels that can be affixed to spacecraft or other vehicles via microwave or laser beam. Once captured in the CIGS PV modules, the spacecraft and orbital vehicles will be able to go further, for longer periods of time. Those benefits are also why Ascent received an additional order from one of the multiple third parties evaluating technologies for receiving beamed power. Ascent had designed, prototyped and delivered an initial beamed-power optimized module to multiple third parties for testing and evaluation in under a month. This customer requested revisions and Ascent is now fine-tuning module design modifications. 'As interest grows for power beaming and space-based solar power, our thin-film PV technology will stand out as a clear solution for maximizing efficiency while mitigating the risks around solar solutions in space,' said Paul Warley, CEO of Ascent. 'As we continue to fine-tune our technology to meet each of our customers' unique needs, we expect to experience increased demand and revenue opportunities.' Ascent's Technology On Display The Space Symposium unites global space professionals from commercial, civil and defense markets to connect and explore critical space issues. Julian Miller, director of space solutions at Ascent Solar, spent his time during in-person meetings at the symposium discussing hardware developer kit partnership opportunities, providing insight for trade studies for prospective missions and spacecraft. He also explained how Ascent's technology can be used for drop-in replacements and is backward compatible with existing capabilities. Ascent's hardware developer kit program is aimed at making it easier for space mission managers and spacecraft engineers to unlock both savings and increased performance with Plug & Fly(TM) solar array hardware assemblies. Miller also highlighted the performance and benefits of Ascent's thin-film PV in orbital and planetary surface environments. During tours of the company's 5MW manufacturing facility – located at Ascent's headquarters – potential customers and partners got a peek into a manufacturing facility that will be able to ship orders in excess of 100kW this summer. Ascent says its spaceflight-proven, high-TRL solar array products allow for rapid customization and short delivery timelines, thanks to its 5MW production facility and refined manufacturing processes. The focus didn't end there. Ascent also spent time during the symposium and guided tours discussing how its CIGS PV products can be leveraged for new applications in space, such as orbital manufacturing. 'Our team is actively working to establish standard combined offerings to make a greater depth of test data available for prospective space industry buyers evaluating how to best interface and integrate lighter-weight, lower-mass solar arrays,' said Miller. 'As we continue to hold discussions with industry-leading providers of solar array structures and deployable mechanisms that enable satellites and other spacecraft to utilize our efficient thin-film PV products, we welcomed new entities to connect with us and take a tour of our facilities.' Tariffs A Boon To Business Beyond making connections at the symposium that could translate into new customers, Ascent reports it is benefiting from the global tariffs instituted by the Trump Administration. The company says the tariffs have resulted in an influx of prospective contract manufacturing and thin-film PV product design/development opportunities for investing in U.S. domestic manufacturing capability, and it is currently exploring ways to support the surge of new interest in Ascent's manufacturing prowess. 'Fabless production arrangements under consideration could enable providers to more quickly and capitally efficiently serve U.S. market demand with breakthrough new power generation products via the utilization of ASTI's vertically integrated facility and specialized machinery,' reports the company. Space Market Taking Off It's not surprising that Ascent is focused on powering the space industry of tomorrow. The solar space market is projected to reach $6.8 billion by 2040, growing from an estimated $4.7 billion in 2030. Demand for sustainable energy and technological advancements are driving the growth. The company is engaged with multiple strategic partners in the space market and says it expects to secure long-term agreements that will bring consistent annual revenue from a diverse set of customers in the space market. 'Our latest solar efficiency milestones are opening new revenue streams driven by the increasing demand to power space vehicles and beam solar energy,' says Warley. 'Ascent products – all produced domestically in our facility in Thornton, CO – are uniquely poised to reliably meet that demand in the harsh environment of space, reducing costs and increasing operational efficiency for customers in the public, private and government sectors.' Featured image bySpaceXonUnsplash. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. This content was originallypublished on further disclosureshere. View the original release on
Yahoo
28-03-2025
- Business
- Yahoo
Ascent Delivers Spaceflight-Ready PV Blankets to European Space Systems Provider in Record-Breaking Two Weeks for Launch this Year
THORNTON, Colo., March 28, 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 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. It is expected to be flown to space later this year. Ascent's 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 Ascent's 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. 'This space systems partner approached us with tough mission requirements that needed to be met in less than four weeks,' said Paul Warley, CEO of Ascent Solar Technologies. 'Thankfully, our technology's unique design allows for swift customization for situations like these. Opportunities like this will be instrumental as we continue to expand our presence in Europe's growing space market.' Ascent's 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 Ascent's expertise, reducing both mission risk and cost. 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 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 HerrmannFischTank PRascent@
Yahoo
27-03-2025
- Business
- Yahoo
Ascent Solar Technologies Receives Order for Advanced Space PV Module Design Revision
THORNTON, Colo., March 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 that it has received 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. Ascent's 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 preliminary commercial off-the-shelf CIGS PV module and the beamed power optimized CIGS PV module prototype test data validated Ascent's 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 conducted this week. The Company is now fine-tuning module design modifications. 'As interest grows for power beaming and space-based solar power, our thin-film PV technology will stand out as a clear solution for that maximizing efficiency while mitigating the risks around solar solutions in space,' said Paul Warley, CEO of Ascent Solar Technologies. 'As we continue to fine-tune our technology to meet each of our customers' unique needs, we expect to experience increased demand and revenue opportunities.' Ascent's ability to quickly design, iterate, and refine space solar array products in its 5MW manufacturing facility in Thornton, CO demonstrates the reliable Manufactured Readiness Levels (MRLs) for current and prospective customers. The Company is differentiated from traditional space solar providers' silicon-based PV products, as Ascent's 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 the Company to provide superior products relative to other prospective solar providers, meeting the needs of global customers as the space-based solar power market expands. To receive sales and demonstration information, please submit an inquiry here: 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 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 HerrmannFischTank PRascent@ in to access your portfolio
Yahoo
18-03-2025
- Business
- Yahoo
Ascent Solar Technologies Publishes Business Update on Progress to Establish Long-Term Revenue Through Space Solar Solutions Underway
THORNTON, Colo., March 18, 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 reported on its commercial progress and achievement of stated annual goals as the Company continues to execute upon its 2025 growth initiatives. Ascent is currently engaged with multiple strategic partners in the space market, including a major defense contractor, multiple deployable technology companies, as well as a satellite company to complete extensive integration testing of the Company's unique thin-film CIGS solar technology. The expected result of successful testing and integration of Ascent's technology is to secure long-term agreements for consistent annual revenue with a diverse set of customers in the space market. 'I am happy to report that Ascent's challenging turnaround process is in the rear-view mirror, as our products now regularly achieve the higher device performance needed to meet customer needs for space-based power,' said Paul Warley, CEO of Ascent Solar Technologies. 'Our latest solar efficiency milestones are opening new revenue streams driven by the increasing demand to power space vehicles and beam solar energy. Ascent products - all produced domestically in our facility in Thornton, CO - are uniquely poised to reliably meet that demand in the harsh environment of space, reducing costs and increasing operational efficiency for customers in the public, private and government sectors.' Ascent's leadership team looks forward to building upon its success for the remainder of 2025 and is eager to update its stockholder community with impactful Company announcements and milestones as they are finalized. Interested parties seeking to learn more about the Company, its products/technology, and market opportunity are encouraged to visit or email IR@ 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 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 HerrmannFischTank PRascent@ in to access your portfolio
