Ascent Delivers Spaceflight-Ready PV Blankets to European Space Systems Provider in Record-Breaking Two Weeks for Launch this Year

Rhea-AI Summary

Ascent Solar Technologies (ASTI) has successfully delivered spaceflight-ready photovoltaic (PV) blankets to a major European space systems provider in a record-breaking two-week timeframe. The delivery showcases Ascent's flexible CIGS PV technology, which enables rollable solar arrays within strict mass and volume constraints.

The PV blankets are scheduled for space deployment later this year, with qualification test and spaceflight operational data to be shared through Ascent's Hardware Developer Kit program. This program aims to help space mission managers implement Plug & Fly™ solar array hardware assemblies.

The rapid delivery was made possible by Ascent's 5 MW production facility and refined manufacturing processes, allowing for quick customization while reducing mission risk and cost for the European partner.

Positive

• Secured contract with major European space systems provider
• Demonstrated rapid manufacturing capability with 2-week delivery
• Product enables mass savings and increased performance for spacecraft
• 5 MW production facility allows quick customization and short delivery times

Negative

• None.

Insights

Aerospace Technology Expert

Ascent's delivery of spaceflight-ready photovoltaic blankets to a European space partner in just two weeks represents a significant technical achievement in the space solar power domain. The flexible CIGS technology offers a critical advantage in spacecraft design by enabling rollable solar arrays that address the fundamental constraints of launch vehicles - mass and volume.

What makes this particularly notable is the rapid customization timeline. Traditional space-qualified solar arrays typically require months of lead time. Delivering flight-ready hardware in under four weeks demonstrates remarkable manufacturing agility that few competitors can match.

The planned incorporation of flight data into their Hardware Developer Kit program is strategically sound. Space qualification requires extensive testing and flight heritage - by making this data available to potential customers, Ascent reduces the adoption barrier for future clients.

Their "Plug & Fly" approach suggests standardized interfaces and form factors, which could accelerate integration timelines for spacecraft builders. This addresses a major pain point in the industry where custom engineering often creates schedule delays and cost overruns.

The fact this hardware will actually fly this year adds significant credibility. Many novel space technologies remain perpetually in development, but Ascent is demonstrating real-world capability with genuine flight heritage.

Financial Analyst

This delivery represents a meaningful commercial win for Ascent Solar in the high-value space sector. While the announcement lacks specific contract figures, space-qualified solar technology typically commands premium pricing due to rigorous qualification requirements and specialized manufacturing processes.

The record two-week delivery timeframe suggests Ascent has achieved manufacturing efficiencies that could translate to improved margins and capacity utilization at their 5 MW production facility. This operational excellence becomes a competitive differentiator in an industry where lengthy lead times are common.

Strategically, this European partnership expands Ascent's market reach beyond domestic customers. The European space sector has seen increased investment in recent years, potentially opening access to both commercial and institutional customers in that region.

The Hardware Developer Kit approach indicates a product strategy focused on reducing customer acquisition costs and sales cycles. By providing pre-qualified components with flight heritage data, Ascent creates a lower-friction path to purchase for spacecraft developers.

While a single delivery doesn't transform the company's financial position, it validates their technology in an extremely demanding application environment. This space qualification effectively creates a credibility halo that can benefit sales efforts across other market segments requiring high-reliability photovoltaics.

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 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

FAQ

What is the delivery timeline for ASTI's spaceflight-ready PV blankets to the European space provider?

Ascent Solar delivered the spaceflight-ready PV blankets in less than four weeks, specifically two weeks, setting a record-breaking timeline for delivery.

When will ASTI's solar technology be launched into space?

The PV blankets are scheduled to be launched into space later in 2025.

What are the key features of ASTI's space solar array technology?

ASTI's technology features flexible CIGS PV design allowing for rollability within strict mass and volume constraints, enabling lighter and more powerful spacecraft.

How will ASTI share the performance data of their space solar arrays?

Performance data will be shared through ASTI's Hardware Developer Kit program, including qualification test and spaceflight operational data.