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Ascent Solar Technologies, Inc., headquartered in Thornton, CO, is a developer of thin-film photovoltaic modules that are flexible and affordable compared to traditional solar panels. Their modules can be integrated into various applications, including building materials, space applications, and consumer electronics. The company is expanding into markets such as agrivoltaics, aerospace, satellites, and UAVs.
Ascent Solar Technologies Inc. manufactures and sells flexible and durable PV solar modules that offer high power-to-weight and power-to-area performance. They are focusing on integrating their PV products into key markets and expanding portable solar chargers like the XD-12. The company sells its products through various channels including OEMs, distributors, and retailers.
With a focus on innovation and high-performance, Ascent Solar Technologies is a leader in providing flexible thin-film solar panels for a range of applications, including space missions, aircraft, agrivoltaic installations, and consumer goods.
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Ascent Solar Technologies (ASTI) announced record power generation of 14 watts with its thin film CIGS technology, showcasing continuous improvements since new leadership in April 2023. The Titan™ module has seen a steady increase in power generation, with plans to reach 16 watts in the next 8-10 weeks. These advancements align with Ascent's revenue goals for 3rd and 4th quarters of 2024 and 2025.
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Ascent Solar Technologies, Inc. provides a corporate update on its Securities Purchase Contract with institutional investors, with one investor fully paid off and the other substantially paid off. The remaining balance with the second investor is around $6,700 in notes payable and $200,000 in outstanding payables.
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Ascent Solar Technologies, Inc. announced entering into Securities Purchase Contract with institutional investors, issuing common stock warrants with 'full ratchet' anti-dilution adjustments. Currently, 5,596,232 Warrants are exercisable at $1.765. Repurchase Agreements with investors state repurchase of Warrants for $3.6 million upon a Qualified Financing of over $5 million.
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Ascent Solar Technologies (ASTI) updates on revenue potential, targeting $9 million to $13.2 million in 2024 and $50 million to $80 million in 2025. The company focuses on aerospace and agrivoltaics markets, highlighting competitive advantages and customer-acquisition strategies.
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Ascent Solar Technologies (ASTI) announced that its solar module products will be used in NASA's LISA-T mission, showcasing the company's innovative PV solutions. The mission aims to demonstrate the deployment of large-area arrays on lightweight spacecraft, with Ascent's modules offering significant power advantages. CEO Paul Warley highlighted the culmination of Ascent's collaboration with NASA, emphasizing the benefits of public-private partnerships and the development of new space products.
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Ascent Solar Technologies (ASTI) appoints former SpaceX founding member Philippe Kassouf to its Strategic Advisory Board. Kassouf, also the CEO of QED Engineering Inc., brings expertise in space and aerospace technology, enhancing Ascent's position in the US space and aerospace industries.
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Ascent Solar Technologies, Inc. has initiated advocacy outreach to the White House's United States Novel Space Activities Authorization and Supervision Framework to collaborate with the commercial space industry and address the hazard of space debris. The company's thin-film PV technology has the unique ability to continue functioning after sustaining damage from impacts with orbital debris, making it a leader in the proliferation of thin-film solar modules in space environments. Ascent seeks to work closely with several government departments on projects that will further establish thin-film solar technology as a viable, efficient, and resilient energy solution for satellites and other space vehicles.
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Ascent Solar Technologies, Inc. (ASTI) has appointed Major General Casey Blake as the inaugural member of its Strategic Advisory Board. General Blake brings extensive experience from the United States Air Force, particularly in contracting and acquisition. This move is expected to bring valuable insights and expertise to Ascent Solar's strategic planning and development.
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Ascent Solar Technologies (ASTI) announced a Letter of Intent (LOI) with an undisclosed private company to supply future orders anticipated to exceed 2-5 MW total from 2027 to 2029 and 100 MW per year within the next decade. Ascent plans to increase the conversion efficiencies of its products to deliver superior value to this potential customer and others. The company's Space HDK line of products, built with Titan modules, will be available for 2024 customer deliveries, with enhanced modules modified to generate more power for longer. Ascent's CEO, Paul Warley, emphasized the company's ability to scale production volumes to meet high growth demand forecasts for future solar applications in space, agrivoltaics, drones, and aviation.
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Ascent Solar Technologies (Nasdaq: ASTI) achieved spaceflight heritage for its space PV array products on the Momentus Vigoride-6 mission. The company's Plug & Fly™ solar panels, integrated into Momentus’s Tape Spring Solar Array, have operated as expected in the space environment, validating Ascent’s CIGS material, manufacturing, integration, and quality processes. Ascent is focused on developing higher efficiency lightweight products optimized for the orbital environment with its Titan Space HDK line of products. Paul Warley, CEO of Ascent Solar Technologies, stated that the company's power generation solutions are aligned with the European Space Agency’s Zero Debris Charter, drastically lowering mission risks for spacecraft specifying flexible thin-film power generation capabilities.
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FAQ
What is the current stock price of Ascent Solar Technologies (ASTI)?
The current stock price of Ascent Solar Technologies (ASTI) is $2.61 as of December 20, 2024.
What is the market cap of Ascent Solar Technologies (ASTI)?
The market cap of Ascent Solar Technologies (ASTI) is approximately 3.6M.
Where is Ascent Solar Technologies, Inc. headquartered?
Ascent Solar Technologies, Inc. is headquartered in Thornton, CO.
What are the primary markets Ascent Solar modules are integrated into?
Ascent Solar modules are integrated into building materials, space applications, and consumer electronics.
How does Ascent Solar Technologies differentiate its PV products?
Ascent Solar Technologies focuses on providing flexible, durable, and high-performance PV solar modules.
Through what channels does Ascent Solar Technologies sell its products?
Ascent Solar Technologies sells its products through OEMs, distributors, retailers, and e-commerce companies.
What is the focus of Ascent Solar Technologies' R&D efforts?
Ascent Solar Technologies focuses on developing innovative, high-performance, flexible thin-film solar panels for various applications.
What are some of the key partnerships of Ascent Solar Technologies?
Ascent Solar Technologies has partnerships in markets such as agrivoltaics, aerospace, satellites, and UAVs.
What is Ascent Solar's approach to generating power in space?
Ascent Solar's technology is uniquely positioned for use in space environments, providing reliable and efficient power generation.
How does Ascent Solar Technologies contribute to sustainable energy solutions?
Ascent Solar Technologies' CIGS thin-film technology is used in sustainable power generation technology.
What are some notable achievements of Ascent Solar Technologies?
Ascent Solar's PV modules have been deployed on space missions, aircraft, agrivoltaic installations, and consumer goods.
What is the mission of the IGTE institute?
The IGTE institute focuses on researching and developing comfortable living and working conditions with an emphasis on renewable energies and sustainable solutions for global energy systems.
Ascent Solar Technologies, Inc.
Nasdaq:ASTI
ASTI Rankings
ASTI Stock Data
3.58M
1.32M
0.27%
0.83%
2.67%
Solar
Semiconductors & Related Devices
United States of America
THORNTON