Core Insights - Ascent Solar Technologies has delivered spaceflight-ready photovoltaic (PV) blankets to a European space systems provider, enhancing spacecraft capabilities by making them lighter and more powerful [1][3] - The flexible CIGS PV design allows for rollability, addressing mass and volumetric constraints, and will be part of Ascent's Hardware Developer Kit program for prospective customers [2] - The company emphasizes its ability to rapidly customize products to meet urgent mission requirements, supported by a 5 MW production facility and refined manufacturing processes [3] Company Overview - Ascent Solar Technologies has 40 years of R&D and 15 years of manufacturing experience, with a strong IP and patent portfolio, focusing on high-performance, flexible thin-film solar panels [4] - The company's PV modules have been utilized in various applications, including space missions, airborne vehicles, and agrivoltaic installations, showcasing versatility in solar power use cases [4] - The research and development center and production facility are located in Thornton, Colorado, indicating a strong operational base for innovation and manufacturing [4]

Core Insights - Ascent Solar Technologies has received an order to revise the design of its space solar products after evaluation by a potential customer interested in beamed power technologies [1] - The company’s CIGS PV products have been tested by multiple third parties for beamed power applications, leading to the rapid development and delivery of an optimized module prototype [2] - Analysis of the test data for both standard and optimized CIGS PV modules confirmed superior thermal properties and potential for increased performance, prompting the latest design order [3] - The CEO highlighted the growing interest in power beaming and space-based solar power, emphasizing the company's agile design capabilities and the differentiation from traditional silicon-based solar providers [4] Company Overview - Ascent Solar Technologies has 40 years of R&D and 15 years of manufacturing experience, with a strong IP and patent portfolio, positioning it as a leader in flexible thin-film solar panels [6] - The company’s products have been deployed in various applications, including space missions and airborne vehicles, showcasing versatility in solar power use cases [6] - The manufacturing facility in Thornton, Colorado, has a nameplate production capacity of 5MW, enabling rapid design and production adjustments to meet customer needs [4][6]

Core Insights - Ascent Solar Technologies is making significant progress in its commercial initiatives and achieving its annual goals for 2025 [1][3] - The company is collaborating with various strategic partners in the space market to test and integrate its thin-film CIGS solar technology, aiming for long-term revenue agreements [2][3] - Ascent's products are designed to meet the increasing demand for space-based power, with a focus on efficiency and reliability in harsh environments [3][4] Company Overview - Ascent Solar Technologies has 40 years of R&D and 15 years of manufacturing experience, supported by a strong IP and patent portfolio [4] - The company specializes in high-performance, flexible thin-film solar panels suitable for various applications, including space missions and commercial construction [4] - Ascent's production facility is located in Thornton, Colorado, with a nameplate capacity of 5 MW [4]

Core Insights - Ascent Solar Technologies is focusing on optimizing its thin-film photovoltaic (PV) solutions for space environments, targeting a high-growth market in 2025 and beyond [2] - The company aims to build on its 2024 achievements to drive business momentum in 2025, with an emphasis on space and defense capabilities [2][6] - Ascent Solar has a strong foundation with 40 years of R&D and 15 years of manufacturing experience, positioning itself as a leader in flexible thin-film solar technology [4] Company Developments - The leadership team is committed to creating new private partnerships in space to enhance thin-film PV capabilities for satellite power systems and beamed power applications [6] - Continued development of CIGS technology is a priority, with goals to improve efficiency and increase production volumes to meet market demands for solar materials [6] - The company is increasing R&D efforts through collaborations with higher education institutions and private partnerships to advance the next generation of thin-film solar technology [6] Market Position - Ascent Solar's PV modules have been deployed in various applications, including space missions, airborne vehicles, and agrivoltaic installations, showcasing the versatility and reliability of its products [4] - The company is well-positioned to capitalize on the growing emphasis on space and defense from the national government, indicating potential for long-term success [2][3]

The Series A Preferred Stock may be converted into shares of common stock at the option of the Company if the closing price of the common stock exceeds $23.2 billion, adjusted for reverse stock splits, for twenty consecutive trading days, or by the holder at any time. The Company has the right to redeem the Series A Preferred Stock at a price of $8.00 per share, plus any accrued and unpaid dividends, plus the make-whole amount (if applicable). At September 30, 2024, the preferred shares were not eligible fo ...

THORNTON, Colo., Aug. 13, 2024 (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 commented on its positioning withing the solar industry after its previously-announced reverse stock split, which takes effect before market open on August 15, 2024. “By effecting the reverse stock split, we believe we have better positioned the company to suc ...

Core Viewpoint - Ascent Solar Technologies, Inc. will execute a 1-for-100 reverse stock split effective before market open on August 15, 2024, to meet Nasdaq listing standards and increase its stock price above $1.00 [1][2][3] Group 1: Reverse Stock Split Details - The reverse stock split was approved by stockholders at the 2024 Annual Stockholders Meeting on August 7, 2024, and will combine every hundred shares into one share [1][2] - The new CUSIP number for the common stock will be 043635804, and trading on a split-adjusted basis will commence on August 15, 2024 [2] - The total number of issued and outstanding shares is expected to decrease from approximately 102 million to about 1.02 million post-split [3] Group 2: Impact on Stock Options and Warrants - The reverse stock split will also apply to common stock issuable upon the exercise of outstanding warrants, stock options, and restricted stock units, with proportional adjustments to exercise prices [3] Group 3: Company Background - Ascent Solar Technologies is a leader in flexible thin-film photovoltaic solutions, with 40 years of R&D and 15 years of manufacturing experience [4] - The company's PV modules have been utilized in various applications, including space missions and commercial construction, showcasing their versatility and performance [4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File No. 001-32919 Ascent Solar Technologies, Inc. (Exact name of registrant as specified i ...

Core Insights - Ascent Solar Technologies is actively participating in two significant industry events this summer, ASCEND 2024 and the H.C. Wainwright 26th Annual Global Investment Conference, to showcase its advancements in CIGS technology and connect with potential partners and investors [1][2][3] Group 1: Event Participation - CEO Paul Warley will attend ASCEND 2024 in Las Vegas from July 30th to August 1st, focusing on materials science and technology innovations [1] - Warley will also present at the H.C. Wainwright 26th Annual Global Investment Conference in New York City from September 9th to 11th, aimed at presenting business models and strategies to a global investor audience [2] Group 2: Company Progress - The company has made significant advancements in its CIGS technology and has improved its corporate structure over the past year, which is expected to resonate with customers and investors [3] - Ascent Solar Technologies has a strong foundation with 40 years of R&D and 15 years of manufacturing experience, along with a comprehensive IP and patent portfolio [4] - The company's photovoltaic modules have been deployed in various applications, including space missions and industrial construction, highlighting their versatility and performance [4]

THORNTON, Colo., July 25, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, (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 announced that CEO Paul Warley will attend two major industry and investor events this summer: ASCEND 2024 and the H.C. Wainwright 26th Annual Global Investment Conference. ASCEND 2024, which takes place in Las Vegas from July 30th to August 1 ...