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Yahoo
7 days ago
- 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
Mint
26-05-2025
- Business
- Mint
This defence small-cap stock hits 5% upper circuit on ₹151 crore export order for rocket launchers
NIBE, a small-cap defense stock, hit the 5% upper circuit in early trade on Monday, May 26, reaching ₹ 1,601 apiece following a significant order win. The company informed investors on Saturday via a stock exchange filing that it had received an export purchase order valued at USD 17.52 million (approximately ₹ 150.62 crore) from a globally renowned technology-based company in Israel. The order involves the manufacturing and supply of universal rocket launchers with a range capability of up to 300 km — a highly advanced technology being produced in India for the first time for the global market. "This is a landmark achievement for NIBE Limited and a proud milestone for India's defense manufacturing sector. With this contract, we reaffirm our commitment to the Honourable Prime Minister's vision of Atmanirbhar Bharat and Make in India, bringing world-class defense technology to Indian soil," the company said in its regulatory filing. The company said that the universal rocket launcher is among the most advanced in its class and is designed to outperform currently available global alternatives. "By collaborating with international defense leaders, NIBE Limited continues to develop high-impact, indigenous solutions for both the Indian Armed Forces and global clients, aligning with national priorities and advancing global defense innovation," the company further stated. In mid-April, the company's subsidiary, Nibe Space Private Limited, received approval for registration with IN-SPACe to operate as a 'Data Disseminator' for Earth Observation (EO) data pertaining to Indian territory with a Ground Sampling Distance (GSD) greater than 30 cm. The company said it is now officially recognized under IN-SPACe's regulatory framework, ensuring compliance with national guidelines and policies for space-based data dissemination. NIBE Limited is a leading Indian defense technology company engaged in the development, manufacturing, and integration of sophisticated defense systems. Meanwhile, the company is set to announce its March quarter results on Tuesday, May 27. In the December quarter (Q3FY25), the company reported a net profit of ₹ 1.94 crore on revenue of ₹ 149 crore.
Mint
26-05-2025
- Business
- Mint
This defence small-cap stock hits 5% upper circuit on ₹151 crore export order for rocket launchers
NIBE, a small-cap defense stock, hit the 5% upper circuit in early trade on Monday, May 26, reaching ₹ 1,601 apiece following a significant order win. The company informed investors on Saturday via a stock exchange filing that it had received an export purchase order valued at USD 17.52 million (approximately ₹ 150.62 crore) from a globally renowned technology-based company in Israel. The order involves the manufacturing and supply of universal rocket launchers with a range capability of up to 300 km — a highly advanced technology being produced in India for the first time for the global market. "This is a landmark achievement for NIBE Limited and a proud milestone for India's defense manufacturing sector. With this contract, we reaffirm our commitment to the Honourable Prime Minister's vision of Atmanirbhar Bharat and Make in India, bringing world-class defense technology to Indian soil," the company said in its regulatory filing. The company said that the universal rocket launcher is among the most advanced in its class and is designed to outperform currently available global alternatives. "By collaborating with international defense leaders, NIBE Limited continues to develop high-impact, indigenous solutions for both the Indian Armed Forces and global clients, aligning with national priorities and advancing global defense innovation," the company further stated. In mid-April, the company's subsidiary, Nibe Space Private Limited, received approval for registration with IN-SPACe to operate as a 'Data Disseminator' for Earth Observation (EO) data pertaining to Indian territory with a Ground Sampling Distance (GSD) greater than 30 cm. The company said it is now officially recognized under IN-SPACe's regulatory framework, ensuring compliance with national guidelines and policies for space-based data dissemination. NIBE Limited is a leading Indian defense technology company engaged in the development, manufacturing, and integration of sophisticated defense systems. Meanwhile, the company is set to announce its March quarter results on Tuesday, May 27. In the December quarter (Q3FY25), the company reported a net profit of ₹ 1.94 crore on revenue of ₹ 149 crore. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Yahoo
24-05-2025
- Business
- Yahoo
Redwire Corporation (RDW) Awarded Critical Avionics Technology Contract for ESA's NGGM Satellites
Redwire Corporation (NYSE:RDW) on Thursday announced that it had received a critical avionics technology contract from SpaceTech GmbH for the European Space Agency's (ESA) Next Generation Gravity Mission (NGGM) satellites. These satellites are ESA's contributions to the Mass Change and Geophysics International Constellation (MAGIC), an Earth observation satellite constellation, planned by ESA and NASA, to measure fluctuations in Earth's gravitational field. The joint mission will involve four satellites – two GRACE satellites built through NASA and the German Aerospace Center, and two NGGM satellites developed through ESA. The constellation is expected to provide critical data related to water management applications, including sea levels, floods, glacier melts, and drought monitoring. Redwire Space NV, a wholly-owned subsidiary of Redwire Corporation (NYSE:RDW) will design and develop the engineering qualification model of the spacecraft's ICU, which will control and manage NGGM's primary scientific instrument. It will also be responsible for collecting and processing data, as well as communication between the instrument and other systems of the satellite. Mike Gold, the President of Redwire Corporation (NYSE:RDW)'s Civil and International Space Business, stated the following on the contract award: 'We are proud to bring our unparalleled expertise in spacecraft avionics and control systems to support ESA's contribution to this important multinational mission. Redwire's flight-proven, high-reliability avionics is perfectly suited for the complexity of NGGM and MAGIC, and continues to enable Europe's most game-changing missions, including IXV, Proba-2, Proba-V, and Proba-3, with additional missions scheduled for launch in the future.' While we acknowledge the potential of RDW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RDW and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Error 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
Yahoo
23-05-2025
- Business
- Yahoo
Redwire Corporation (RDW) Awarded Critical Avionics Technology Contract for ESA's NGGM Satellites
Redwire Corporation (NYSE:RDW) on Thursday announced that it had received a critical avionics technology contract from SpaceTech GmbH for the European Space Agency's (ESA) Next Generation Gravity Mission (NGGM) satellites. These satellites are ESA's contributions to the Mass Change and Geophysics International Constellation (MAGIC), an Earth observation satellite constellation, planned by ESA and NASA, to measure fluctuations in Earth's gravitational field. The joint mission will involve four satellites – two GRACE satellites built through NASA and the German Aerospace Center, and two NGGM satellites developed through ESA. The constellation is expected to provide critical data related to water management applications, including sea levels, floods, glacier melts, and drought monitoring. Redwire Space NV, a wholly-owned subsidiary of Redwire Corporation (NYSE:RDW) will design and develop the engineering qualification model of the spacecraft's ICU, which will control and manage NGGM's primary scientific instrument. It will also be responsible for collecting and processing data, as well as communication between the instrument and other systems of the satellite. Mike Gold, the President of Redwire Corporation (NYSE:RDW)'s Civil and International Space Business, stated the following on the contract award: 'We are proud to bring our unparalleled expertise in spacecraft avionics and control systems to support ESA's contribution to this important multinational mission. Redwire's flight-proven, high-reliability avionics is perfectly suited for the complexity of NGGM and MAGIC, and continues to enable Europe's most game-changing missions, including IXV, Proba-2, Proba-V, and Proba-3, with additional missions scheduled for launch in the future.' While we acknowledge the potential of RDW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RDW and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Error 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
