Ascent Solar(US:ASTI) Globenewswire·2026-02-05 13:00Core Insights - Ascent Solar Technologies is advancing its development of distributed power receiving products in response to increasing demand for space-based energy beaming technologies [1][2] Group 1: Development Plans - The company is engaged in both internally funded R&D and collaborative efforts with NASA's Marshall Spaceflight Center and Glenn Research Center, with a successful conclusion expected this spring [2] - Results from these development programs will be presented at select space industry conferences later this year [2] Group 2: Technological Advancements - Ascent's solar module technology advancements are supported by its in-house manufacturing capabilities at a 5-MW production facility in Thornton, Colorado, allowing optimization of CIGS PV products for receiving sunlight and distributed power [3] - Partnerships, such as with Cislunar Industries, aim to enhance spacecraft power generation capabilities significantly [4] Group 3: Market Opportunities - The increased efficiency in power beaming capabilities is expected to enable profitable operations for space industry providers in emerging markets, including space data centers and in-space manufacturers [5] - Ascent has established relationships and completed deliveries to multiple companies in these growing sectors, positioning itself as a major technology solutions provider [5] Group 4: Company Background - Ascent Solar Technologies has 40 years of R&D and 15 years of manufacturing experience, with a strong IP and patent portfolio, making it a leader in high-performance, flexible thin-film solar panels [6] - The company's PV modules have been utilized in various applications, including space missions, airborne vehicles, and agrivoltaic installations, showcasing the versatility of solar power [7]