“Ascent’s flexible, lightweight photovoltaic modules are ideal for the space environment,”
“Our CIGS products are resilient to radiation and other drivers of degradation while operating in orbits between the Earth and the Moon. For those designing space missions, this equates to more end-of-life power with an order of magnitude less mass. We’re excited to be the baseline power generation solution for TASSA, and look forward to continuing to collaborate with the Momentus team to provide long-lived and sustainable solutions for proliferated space architectures.”
At Ascent Solar Technologies, Inc. (NASDAQ:ASTI), we're pioneering the future of solar energy with groundbreaking innovations tailored for diverse applications. Our lightweight, flexible, and monolithically-integrated thin-film solar modules have captured the attention of leading engineering organizations worldwide. From space missions to defense initiatives, our technology is reshaping industries, offering superior performance and reliability.
As the foremost provider of feather-weight solar solutions, we're positioned at the forefront of high-growth markets, including Space/Near-space, UAV/Defense, Agrivoltaic, and Specialty sectors. Our commitment to excellence, coupled with ongoing advancements in efficiency and reliability, underscores our potential for substantial growth and market leadership.
With a proven track record of delivering superior value to our customers and partners, we invite investors to join us on this exciting journey. Together, we'll drive innovation, unlock new opportunities, and shape the future of sustainable energy solutions.
Join us at Ascent Solar Technologies and be part of a transformative venture that promises not only financial returns but also a lasting impact on the world's energy landscape.
“Ascent’s flexible, lightweight photovoltaic modules are ideal for the space environment,”
“Our CIGS products are resilient to radiation and other drivers of degradation while operating in orbits between the Earth and the Moon. For those designing space missions, this equates to more end-of-life power with an order of magnitude less mass. We’re excited to be the baseline power generation solution for TASSA, and look forward to continuing to collaborate with the Momentus team to provide long-lived and sustainable solutions for proliferated space architectures.”
With 40 years of R&D and a comprehensive patent portfolio behind it, Ascent Solar is the leading provider of CIGS solar technology. Ascent’s unique patented monolithic integration process enables the highest level of flexibility, efficiency, durability & weight savings, revolutionizing the way solar power can be used in everyday life. Ascent Solar’s Research and Development and its 4.5 MW nameplate production facility is in Thornton, Colorado.
Ascent has cemented itself as the leader in the manufacturing of innovative, high performance, flexible thin-film solar panels for both existing and emerging agrivoltaic, space, and aerospace applications.
The Space Industry presents a premium market opportunity with unmet customer demand where ASTI products are highly differentiated at +17% efficiency, but +17% has to be met on production scale manufacturing
There are a few large constellations consisting of thousands of satellites that are currently being fielded. ASTI has been researching the prospective opportunities, mapping out corporate enterprise and opportunities, and charting out sales approaches.
Most of the world still relies on heavy and rigid silicon-based modules, encapsulated in glass with a standard 60-cell x 72-cell module design. Our flexible and lightweight thin-film solutions are built from the very beginning with the widest application of possibilities in mind.
Silent Falcon UAV using Ascent thin films achieves a 50% range extension
NASA tests validate Ascent's superior performance for space environments
Exploring material options NASA Lightweight Integrated Solar Array & anTenna (LISA-T)
Ascent's thin-film modules were selected for advanced testing and experiment on the International Space Station (ISS) by NASA's Marshall Space Flight Center.
After over a year aboard the ISS, Ascent's PV technology over-performed NASA's predictions and the competition. With the success of the MISSE-10 experiment and Ascent's TRL 7 readiness, NASA's LISA-T is scheduled for launch in 2023 and will include Ascent's thin film solar modules for demonstration.
“Philippe has a very prominent background in space and aerospace technology, and as a founding member of SpaceX, possesses deep industry relationships and experience in scaling commercial space technologies,” “Philippe’s appointment to our Strategic Advisory Board reflects Ascent’s emphasis on attracting some of the leading voices in sustainable space technology, and further positions the Company for adoption through strategic partnerships, and ultimately revenue generation in 2024. Philippe and General Casey’s work complement one another and will result in complete defense and commercial coverage for our customers and partners.”
“This demonstration validates Ascent as a leader in space sustainability, and is reflective of the tremendous market opportunity we continue to pursue,” “We’ve also now proven that our power generation solutions available today are aligned with the European Space Agency’s Zero Debris Charter. Ascent’s Space HDK line of products are engineered to be resilient enough that if impacted and penetrated by space debris, the array can continue to generate power while not creating additional debris. Ultimately, this drastically lowers mission risks for spacecraft specifying flexible thin-film power generation capabilities like Ascent’s, which are poised to be one of the technologies that will enable the preservation of the global commons of Earth’s orbits as they grow increasingly more crowded and trafficked.”
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Markets for ASTI’s products have accelerated in the last 12 months and are expected to grow in the next 5 to 8 years. ASTI is in early discussions with several parties now, which could potentially materialize into more than $80 million in revenue by 2025.
“We’ve very optimistic about our recent technological breakthroughs and the increased research and commercialization opportunities that would come with the selection of our funding applications to these organizations,” “Further funding through programs such as the Office of Energy Efficiency & Renewable Energy FOAs and SBIR grants would allow greater opportunities for the Ascent team to advance our cutting edge technologies and drive revenue. Thin-film is uniquely capable of achieving federal agency goals of innovative solar technology adoption to drive electrification and decarbonization of the energy sector.”
Ascent Solar Technologies, Inc. (NASDAQ:ASTI) stands at the forefront of innovation, poised for substantial growth in the burgeoning solar technology market. With a strategic focus on lightweight, flexible, and durable CIGS thin-film photovoltaic solutions, Ascent has positioned itself as a leader in providing cutting-edge solar power solutions for a diverse range of industries.
The company's recent achievements, including the establishment of a Strategic Advisory Board, achievement of spaceflight heritage, and development of high-efficiency solar modules, underscore its commitment to pushing the boundaries of solar technology. Ascent's success is further exemplified by its strategic partnerships and pursuit of federal funding opportunities, which are expected to fuel future growth and expansion.
Investors can look forward to significant revenue projections, with estimates ranging from $9 million to $13.2 million for 2024 and anticipated revenue of $50 million to $80 million by 2025. Ascent's targeted industry approach, profitability in high-growth markets, and projected satellite power needs underscore the immense potential for investment returns in the coming years. With a track record of innovation and a clear path to sustained growth, Ascent Solar Technologies presents a compelling opportunity for investors seeking to capitalize on the renewable energy revolution.
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COMPENSATION
Consortium Management LLC has been compensated Two Hundred Fifty Thousand Dollars ($250,000) from Ascent Solar Technologies, Inc for a 30 day Market Awareness Program starting 04/09/2024 ending 05/09/2024. Consortium Management LLC does not own any shares of Ascent Solar Technologies, Inc (ASTI).
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