Ascent Solar Technologies Publishes Business Update on Progress to Establish Long-Term Revenue Through Space Solar Solutions Underway
Ascent Solar Technologies (ASTI) has provided a business update highlighting its progress in establishing long-term revenue through space solar solutions. The company is currently collaborating with multiple strategic partners in the space market, including a major defense contractor, deployable technology companies, and a satellite company for integration testing of their thin-film CIGS solar technology.
CEO Paul Warley announced that the company's turnaround process has been completed, with their products now achieving higher device performance necessary for space-based power applications. The company's solar efficiency improvements are creating new revenue opportunities driven by increasing demand for space vehicle power and solar energy beaming. All products are manufactured domestically at their Thornton, CO facility.
Ascent Solar Technologies (ASTI) ha fornito un aggiornamento aziendale evidenziando i progressi compiuti nell'istituzione di entrate a lungo termine attraverso soluzioni solari spaziali. L'azienda sta attualmente collaborando con diversi partner strategici nel mercato spaziale, tra cui un importante appaltatore della difesa, aziende di tecnologia deployabile e una società satellitare per test di integrazione della loro tecnologia solare CIGS a film sottile.
Il CEO Paul Warley ha annunciato che il processo di ristrutturazione dell'azienda è stato completato, con i loro prodotti che ora raggiungono prestazioni superiori necessarie per applicazioni di energia spaziale. I miglioramenti dell'efficienza solare dell'azienda stanno creando nuove opportunità di reddito, alimentate dall'aumento della domanda di energia per veicoli spaziali e di energia solare trasmessa. Tutti i prodotti sono realizzati a livello nazionale presso il loro stabilimento di Thornton, CO.
Ascent Solar Technologies (ASTI) ha proporcionado una actualización empresarial destacando su progreso en el establecimiento de ingresos a largo plazo a través de soluciones solares espaciales. La empresa está colaborando actualmente con múltiples socios estratégicos en el mercado espacial, incluyendo un importante contratista de defensa, empresas de tecnología desplegable y una compañía de satélites para pruebas de integración de su tecnología solar CIGS de película delgada.
El CEO Paul Warley anunció que el proceso de reestructuración de la empresa se ha completado, con sus productos ahora alcanzando un rendimiento superior necesario para aplicaciones de energía basadas en el espacio. Las mejoras en la eficiencia solar de la empresa están creando nuevas oportunidades de ingresos impulsadas por la creciente demanda de energía para vehículos espaciales y la transmisión de energía solar. Todos los productos se fabrican a nivel nacional en su instalación de Thornton, CO.
Ascent Solar Technologies (ASTI)는 우주 태양 솔루션을 통해 장기 수익을 구축하는 데 있어 진행 상황을 강조하는 사업 업데이트를 제공했습니다. 이 회사는 현재 주요 방산 계약업체, 배포 가능한 기술 회사 및 얇은 필름 CIGS 태양광 기술의 통합 테스트를 위한 위성 회사 등 여러 전략적 파트너와 협력하고 있습니다.
CEO 폴 워리(Paul Warley)는 회사의 전환 과정이 완료되었으며, 이제 제품이 우주 기반 전력 응용 프로그램에 필요한 높은 장치 성능을 달성하고 있다고 발표했습니다. 회사의 태양광 효율성 향상은 우주 차량 전력 및 태양 에너지 전송에 대한 수요 증가에 의해 주도되는 새로운 수익 기회를 창출하고 있습니다. 모든 제품은 콜로라도주 손턴에 있는 자사 시설에서 국내에서 제조됩니다.
Ascent Solar Technologies (ASTI) a fourni une mise à jour commerciale soulignant ses progrès dans l'établissement de revenus à long terme grâce à des solutions solaires spatiales. L'entreprise collabore actuellement avec plusieurs partenaires stratégiques sur le marché spatial, y compris un important entrepreneur de défense, des entreprises de technologie déployable et une société de satellites pour des tests d'intégration de leur technologie solaire CIGS à film mince.
Le PDG Paul Warley a annoncé que le processus de redressement de l'entreprise était terminé, avec des produits atteignant désormais des performances supérieures nécessaires pour les applications d'énergie spatiale. Les améliorations de l'efficacité solaire de l'entreprise créent de nouvelles opportunités de revenus, alimentées par la demande croissante d'énergie pour les véhicules spatiaux et la transmission d'énergie solaire. Tous les produits sont fabriqués localement dans leur installation de Thornton, CO.
Ascent Solar Technologies (ASTI) hat ein Unternehmensupdate bereitgestellt, das den Fortschritt bei der Etablierung langfristiger Einnahmen durch solartechnische Lösungen im Weltraum hervorhebt. Das Unternehmen arbeitet derzeit mit mehreren strategischen Partnern im Weltraummarkt zusammen, darunter ein großer Verteidigungsauftragnehmer, Unternehmen für einsatzbereite Technologien und ein Satellitenunternehmen für Integrationstests ihrer Dünnschicht-CIGS-Solartechnologie.
CEO Paul Warley kündigte an, dass der Umstrukturierungsprozess des Unternehmens abgeschlossen ist und die Produkte nun eine höhere Geräteleistung erreichen, die für Anwendungen im Bereich der Raumfahrtenergie erforderlich ist. Die Verbesserungen der Solarenergieeffizienz des Unternehmens schaffen neue Einnahmequellen, die durch die steigende Nachfrage nach Energie für Raumfahrzeuge und die Übertragung von Solarenergie angetrieben werden. Alle Produkte werden in ihrem Werk in Thornton, Colorado, national hergestellt.
- Completed company turnaround process
- Achieved higher solar device performance metrics
- Engaged with multiple strategic space market partners
- Domestic manufacturing capability for space-grade solar technology
- No concrete revenue figures or contracts announced
- Testing and integration phase still ongoing without confirmed deals
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 https://www.ascentsolar.com or email IR@ascentsolar.com.
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
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