ASTI ASCENT SOLAR TECHNOLOGIES INC.

Ascent Solar Technologies, Inc. Completes First Delivery of New, Increased Efficiency Material for Lifecycle Performance Capabilities Testing in Space Environments

Ascent Solar Technologies, Inc. Completes First Delivery of New, Increased Efficiency Material for Lifecycle Performance Capabilities Testing in Space Environments

THORNTON, Colo., Dec. 18, 2023 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, (Nasdaq: ASTI) (“ASTI” or the “Company”), the leading U.S. innovator in the design and manufacture of featherweight, flexible, and durable CIGS thin-film photovoltaic (PV) solutions, announced today that the Company has completed the first delivery of its new, for further testing.

This initial evaluation is the first in a campaign of ongoing high-fidelity lifecycle testing to simulate decades of continued operations in space, informing the Company’s iterative development paths to even higher efficiencies. Customers have chosen to fly Ascent’s Plug & FlyTM arrays due to their requiring only a fraction of the mass and volume to produce the same power as alternatives. These weight and volumetric efficiencies are further bolstered by Ascent’s recent efficiency breakthroughs, enabling spacecraft to fly with even less dead weight, and potentially even downsize to a smaller launch rideshare slot.

The planned tests for which Ascent is currently manufacturing products will indicate just how much less area of solar arrays will be needed to generate the end of life (EOL) power that each space mission requires. This forthcoming test campaign will also allow Ascent to further refine its products to be even more resilient and longer-lived in the space environment.

“Having our technology demonstrates the robustness of our CIGS PV in the space environment,” said Paul Warley, CEO of Ascent Solar Technologies. “Our objective with the upcoming series of long-duration simulated tests is to quantify the degradation rate of Ascent’s products over the course of even the most demanding space missions that require consistent power generation for decades at a time. The results of these tests stand to verify and validate that Ascent’s products save dollars and kilograms for the missions of today, and begin enabling the spacecraft of the future.”

The space environment in the orbits around which satellites operate is an off-worldly, harsh landscape that deteriorates their ability to properly function over time. Satellite electronic systems are especially vulnerable to the vacuum temperature extremes of space and the doses of radiation received as spacecraft circle the Earth or venture deeper into space. Consequently, those designing space missions must ensure that their spacecraft are engineered to be able to produce sufficient power over the entirety of their mission. This is the reason why many of today’s typical multi-year missions are so over-designed, to the extent that spacecraft are being flown using multiples of the power they will require at the mission’s end. At-launch costs run thousands of dollars per kilogram just to reach low Earth orbit (LEO). Since delivering to higher energy orbits are orders of magnitudes more costly, there is a significant financial burden driven by solar arrays as they are one of the most massive subsystems on a spacecraft.

Ascent’s extensive test and evaluation program aims to reveal how many kilograms the Company can save mission directors and managers on their spacecraft mass budgets while simultaneously preserving ample margins on their EOL power budgets, even in deep space. This would also allow Ascent to demonstrate how much longer hosted payload providers can anticipate being able to generate revenue, or allow future condosat engineers to know for how many customer payload life-cycles that their spacecraft can assuredly generate enough power for on-orbit serviceable customer payloads. If its solar modules are proven capable of reliably producing power for decades on-orbit, Ascent may revive the feasibility of business models that had previously been considered science fiction, such as Lunar power stations or Dyson Spheres.

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 or follow the Company on and

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

INVESTOR RELATIONS



EN
18/12/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on ASCENT SOLAR TECHNOLOGIES INC.

 PRESS RELEASE

Ascent Solar Technologies Signs MOU with Star Catcher Industries to Im...

Ascent Solar Technologies Signs MOU with Star Catcher Industries to Improve Power Capabilities for Thin-Film Solar Technology in Space THORNTON, Colo., Aug. 28, 2025 (GLOBE NEWSWIRE) -- (“Ascent” or the “Company”), the leading U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced the signing of a memorandum of understanding (MOU) with (“Star Catcher”), a company pioneering the first space energy grid, to achieve mutually beneficial goals that would aid the proliferation of thin-film PV solutions in space environm...

 PRESS RELEASE

Ascent Solar Technologies Establishes Rapid Thin-Film PV Delivery Proc...

Ascent Solar Technologies Establishes Rapid Thin-Film PV Delivery Process to Provide Customized Space Solar Products Ahead of Schedule on Mission Enabling Timelines THORNTON, Colo., Aug. 07, 2025 (GLOBE NEWSWIRE) -- (“Ascent” or the “Company”) (Nasdaq: ASTI), the leading U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, continues to set precedence via its new standard for rapid delivery of space-mission enabling PV products. The Company has now delivered mission-optimized solar array blanket spaceflight hardware assemblies to...

 PRESS RELEASE

Ascent Solar Technologies Provides Corporate Update Detailing Customer...

Ascent Solar Technologies Provides Corporate Update Detailing Customer Pipeline and Sales Progress in Space and Aerospace Industries THORNTON, Colo., Aug. 06, 2025 (GLOBE NEWSWIRE) -- , (Nasdaq: ASTI) (“Ascent'' or the “Company”), the leading U.S. innovator in the design and manufacture of featherweight, flexible, and durable CIGS thin-film photovoltaic (PV) solutions, today published a corporate update detailing its customer and sales progress, as well as its strategy to meet growth opportunities in the aerospace and space industries. The full report , projecting 2026 sales to reach $5 ...

 PRESS RELEASE

Ascent Solar Technologies to Deliver Thin-Film Solar Technology to a C...

Ascent Solar Technologies to Deliver Thin-Film Solar Technology to a Colorado-based Space Solar Array Provider for Product Evaluation THORNTON, Colo., July 16, 2025 (GLOBE NEWSWIRE) -- (“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 it has entered into an agreement to supply a Colorado-based power systems provider with the Company’s thin-film PV technology for evaluation and potential incorporation into the provider’s established array product offering....

 PRESS RELEASE

Ascent Solar Technologies Reflects on H1 2025 Achievements and Milesto...

Ascent Solar Technologies Reflects on H1 2025 Achievements and Milestones, Looks Ahead to Executing Upon H2 2025 Strategy THORNTON, Colo., July 08, 2025 (GLOBE NEWSWIRE) -- (“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 commented on its commercial progress and solar material development in the first half of 2025, as the Company looks ahead to continued growth and advancement in the second half of the year. “At the outset of the year, we sought to enter into a s...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch