Ascent Solar Technologies Enters Teaming Agreement with US Defense Solutions Provider

Ascent Solar Technologies, the leading U.S. innovator in the design and manufacturing of flexible thin-film photovoltaic (PV) solutions, has entered into a Teaming Agreement with a US-based defense solutions provider to supply cutting-edge, thin-film solar technology solutions for upcoming orbital applications and future missions. This partnership underscores the reliability and efficiency of Ascent's technology, particularly its lightweight and durable CIGS PV product line, which has been developed with spaceflight heritage. With its 5 MW facility in Thornton, CO, Ascent is able to produce high-maturity CIGS PV products domestically, enabling timely deliveries of solar array solutions to meet the stringent requirements of the defense industry.

Key Takeaways:

• Ascent Solar Technologies has entered into a Teaming Agreement with a US-based defense solutions provider to supply thin-film solar technology solutions for upcoming orbital applications and future missions.
• The partnership highlights the reliability and efficiency of Ascent's CIGS PV product line, which has been developed with spaceflight heritage and offers a lightweight, flexible, and durable design.
• Ascent's domestic production facility in Thornton, CO, enables the company to produce high-maturity CIGS PV products in just six-to-eight weeks, compared to the nine-to-twelve months required by competitors.
• The company has received several orders for spaceflight hardware assemblies, which are on schedule to be completed and delivered this summer.
• Ascent's technology is designed to mitigate the challenges of deploying reliable solar solutions in space, including delivering power solutions on short timelines.
• The partnership underscores the potential of Ascent's technology to support the defense industry's growing demand for space-based solar power solutions.

Statistics:

• Ascent Solar Technologies' facility in Thornton, CO, has a production capacity of 5 MW.
• Ascent's CIGS PV product line can be delivered in six-to-eight weeks, compared to competitors' nine-to-twelve month lead times.
• The company has received several orders for spaceflight hardware assemblies, which are on schedule to be completed and delivered this summer.
• Ascent's technology has been developed with spaceflight heritage, enabling the production of high-maturity CIGS PV products that meet the stringent requirements of the defense industry.

Sources:

• Ascent Solar Technologies news release, [undated]
• Ascent Solar Technologies, Inc. (Nasdaq: ASTI)