{"id":830964,"date":"2025-03-27T17:31:52","date_gmt":"2025-03-27T21:31:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ascent-solar-technologies-receives-order-for-advanced-space-pv-module-design-revision\/"},"modified":"2025-03-27T17:31:52","modified_gmt":"2025-03-27T21:31:52","slug":"ascent-solar-technologies-receives-order-for-advanced-space-pv-module-design-revision","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ascent-solar-technologies-receives-order-for-advanced-space-pv-module-design-revision\/","title":{"rendered":"Ascent Solar Technologies Receives Order for Advanced Space PV Module Design Revision"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">THORNTON, Colo., March  27, 2025  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lCKLG3YKjK3ShJ1TYS8-8wOyUGsilCOhX9b_PMWefq1Shp-JOPMZO2MHsGCnLzRVew1amYQWZPkY7JwkvM14Bz-drP00Bz5s1Jwd7pM9CGU=\" rel=\"nofollow\" target=\"_blank\">Ascent Solar Technologies<\/a> (\u201cAscent\u201d or the \u201cCompany\u201d) (Nasdaq: ASTI), the leading U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced that it has received an order to revise the design of its space solar products after being evaluated by a potential customer interested in technologies capable of receiving beamed power.<\/p>\n<p>Ascent\u2019s CIGS PV products have undergone performance testing by multiple third parties evaluating technologies for receiving beamed power. An initial beamed-power optimized module was designed, prototyped, and delivered to multiple third parties for testing and evaluation in less than one month\u2019s time.<\/p>\n<p>Analysis of both the preliminary commercial off-the-shelf CIGS PV module and the beamed power optimized CIGS PV module prototype test data validated Ascent\u2019s CIGS PV material\u2019s superior thermal properties and demonstrated a pathway to further increase performance and power output. This design iteration was the basis of the most recent order received for the enhanced prototype after additional testing conducted this week. The Company is now fine-tuning module design modifications.<\/p>\n<p>\u201cAs interest grows for power beaming and space-based solar power, our thin-film PV technology will stand out as a clear solution for that maximizing efficiency while mitigating the risks around solar solutions in space,\u201d said Paul Warley, CEO of Ascent Solar Technologies. \u201cAs we continue to fine-tune our technology to meet each of our customers\u2019 unique needs, we expect to experience increased demand and revenue opportunities.\u201d<\/p>\n<p>Ascent\u2019s ability to quickly design, iterate, and refine space solar array products in its 5MW manufacturing facility in Thornton, CO demonstrates the reliable Manufactured Readiness Levels (MRLs) for current and prospective customers. The Company is differentiated from traditional space solar providers\u2019 silicon-based PV products, as Ascent\u2019s CIGS manufacturing process allows design features and production processes to be adjusted for each customer\u2019s application needs. These agile and bespoke design capabilities enable the Company to provide superior products relative to other prospective solar providers, meeting the needs of global customers as the space-based solar power market expands.<\/p>\n<p>To receive sales and demonstration information, please submit an inquiry here: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=YicIrFkBlXHsRF5zteZAvPJpfEHFIBSnmubaKrOaOl5G32gQlJXAdArUupWs-XXoo61xZiQ2N8s3zdBQJvQ0tvTXW_orvLkh26a-PZ1zk3go0NJ0TLuW7Woc8bmeM2os\" rel=\"nofollow\" target=\"_blank\">https:\/\/ascentsolar.com\/contact-us<\/a>.<\/p>\n<p>\n        <strong>About Ascent Solar Technologies, Inc.<\/strong>\n      <\/p>\n<p>Backed by 40 years of R&amp;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\u2019s 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\u2019s research and development center and 5-MW nameplate production facility is in Thornton, Colorado. To learn more, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=YicIrFkBlXHsRF5zteZAvKurcl18fTeXlNyZmfSp5mE48rufuoweJ0l3bw3dSe0ppBk7gQgJe-wZy9-UHpH2bUK4GTbVSh1Hfd6MmBF17fOtt_p20M9nBpLxhJRlBqB7\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.ascentsolar.com<\/a>.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p>Statements in this press release that are not statements of historical or current fact constitute &#8220;forward-looking statements&#8221; 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&#8217;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 \u201cwill,\u201d &#8220;believes,&#8221; &#8220;belief,&#8221; &#8220;expects,&#8221; &#8220;expect,&#8221; &#8220;intends,&#8221; &#8220;intend,&#8221; &#8220;anticipate,&#8221; &#8220;anticipates,&#8221; &#8220;plans,&#8221; &#8220;plan,&#8221; 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&#8217;s filings with the Securities and Exchange Commission including those discussed under the heading \u201cRisk Factors\u201d in our most recently filed reports on Forms 10-K and 10-Q.<\/p>\n<p>\n        <strong>Media Contact<\/strong>\n      <\/p>\n<p>Spencer Herrmann<br \/>FischTank PR<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ddVnYGj8cJj7lY1cKdgFx2JF49ypAosvBWWWP_BsGX2mfA69jTzHWCDtXhRGCZMdKjrdfdf02hEawuTNVsGIjK6IRrBafm4xsjD-u2Pp844=\" rel=\"nofollow\" target=\"_blank\">ascent@fischtankpr.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxMjQ3NCM2ODM4ODExIzUwMDExNDU4Mw==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YzU2NTZlMDUtYjI0Ni00NGRkLTlhMWEtNDUzMjU2Y2Y5MzllLTUwMDExNDU4My0yMDI1LTAzLTI3LWVu\/tiny\/Ascent-Solar-Technologies-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>THORNTON, Colo., March 27, 2025 (GLOBE NEWSWIRE) &#8212; Ascent Solar Technologies (\u201cAscent\u201d or the \u201cCompany\u201d) (Nasdaq: ASTI), the leading U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced that it has received an order to revise the design of its space solar products after being evaluated by a potential customer interested in technologies capable of receiving beamed power. Ascent\u2019s CIGS PV products have undergone performance testing by multiple third parties evaluating technologies for receiving beamed power. An initial beamed-power optimized module was designed, prototyped, and delivered to multiple third parties for testing and evaluation in less than one month\u2019s time. Analysis of both the preliminary commercial off-the-shelf CIGS PV module and the beamed &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ascent-solar-technologies-receives-order-for-advanced-space-pv-module-design-revision\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ascent Solar Technologies Receives Order for Advanced Space PV Module Design Revision&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-830964","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ascent Solar Technologies Receives Order for Advanced Space PV Module Design Revision - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ascent-solar-technologies-receives-order-for-advanced-space-pv-module-design-revision\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ascent Solar Technologies Receives Order for Advanced Space PV Module Design Revision - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"THORNTON, Colo., March 27, 2025 (GLOBE NEWSWIRE) &#8212; Ascent Solar Technologies (\u201cAscent\u201d or the \u201cCompany\u201d) (Nasdaq: ASTI), the leading U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced that it has received an order to revise the design of its space solar products after being evaluated by a potential customer interested in technologies capable of receiving beamed power. Ascent\u2019s CIGS PV products have undergone performance testing by multiple third parties evaluating technologies for receiving beamed power. An initial beamed-power optimized module was designed, prototyped, and delivered to multiple third parties for testing and evaluation in less than one month\u2019s time. Analysis of both the preliminary commercial off-the-shelf CIGS PV module and the beamed &hellip; Continue reading &quot;Ascent Solar Technologies Receives Order for Advanced Space PV Module Design Revision&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ascent-solar-technologies-receives-order-for-advanced-space-pv-module-design-revision\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-27T21:31:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxMjQ3NCM2ODM4ODExIzUwMDExNDU4Mw==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ascent-solar-technologies-receives-order-for-advanced-space-pv-module-design-revision\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ascent-solar-technologies-receives-order-for-advanced-space-pv-module-design-revision\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Ascent Solar Technologies Receives Order for Advanced Space PV Module Design Revision\",\"datePublished\":\"2025-03-27T21:31:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ascent-solar-technologies-receives-order-for-advanced-space-pv-module-design-revision\\\/\"},\"wordCount\":698,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ascent-solar-technologies-receives-order-for-advanced-space-pv-module-design-revision\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQxMjQ3NCM2ODM4ODExIzUwMDExNDU4Mw==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ascent-solar-technologies-receives-order-for-advanced-space-pv-module-design-revision\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ascent-solar-technologies-receives-order-for-advanced-space-pv-module-design-revision\\\/\",\"name\":\"Ascent Solar Technologies Receives Order for Advanced Space PV Module Design Revision - 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Ascent\u2019s CIGS PV products have undergone performance testing by multiple third parties evaluating technologies for receiving beamed power. An initial beamed-power optimized module was designed, prototyped, and delivered to multiple third parties for testing and evaluation in less than one month\u2019s time. Analysis of both the preliminary commercial off-the-shelf CIGS PV module and the beamed &hellip; Continue reading \"Ascent Solar Technologies Receives Order for Advanced Space PV Module Design Revision\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ascent-solar-technologies-receives-order-for-advanced-space-pv-module-design-revision\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-27T21:31:52+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxMjQ3NCM2ODM4ODExIzUwMDExNDU4Mw==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ascent-solar-technologies-receives-order-for-advanced-space-pv-module-design-revision\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ascent-solar-technologies-receives-order-for-advanced-space-pv-module-design-revision\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Ascent Solar Technologies Receives Order for Advanced Space PV Module Design Revision","datePublished":"2025-03-27T21:31:52+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ascent-solar-technologies-receives-order-for-advanced-space-pv-module-design-revision\/"},"wordCount":698,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ascent-solar-technologies-receives-order-for-advanced-space-pv-module-design-revision\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxMjQ3NCM2ODM4ODExIzUwMDExNDU4Mw==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ascent-solar-technologies-receives-order-for-advanced-space-pv-module-design-revision\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ascent-solar-technologies-receives-order-for-advanced-space-pv-module-design-revision\/","name":"Ascent Solar Technologies Receives Order for Advanced Space PV Module Design Revision - 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