Ascent Solar Technologies Enters Teaming Agreement with US Defense Solutions Provider

Ascent Solar Technologies, a leading U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic solutions, has entered into a Teaming Agreement with a US-based defense solutions provider to supply its cutting-edge thin-film solar technology solutions for upcoming orbital applications and future missions. The agreement is a significant milestone for Ascent, as its technology differentiators, such as its lightweight, flexible, and durable design, continue to provide a market-ready solution that mitigates many space environment challenges. Ascent's Chief Executive Officer, Paul Warley, stated that the company's thin-film solar technology is the perfect choice for agreements with defense tech brands due to its ability to reliably deliver power solutions on short timelines.

Key Takeaways:

• Ascent Solar Technologies has entered into a Teaming Agreement with a US-based defense solutions provider to supply its thin-film solar technology solutions for upcoming orbital applications and future missions.
• The agreement highlights the company's technology differentiators, including its lightweight, flexible, and durable design, which provide a market-ready solution that mitigates many space environment challenges.
• Ascent's high-maturity CIGS PV product line has been developed with spaceflight heritage and is produced domestically in the company's 5 MW facility in Thornton, CO.
• The company is able to offer mission-optimized solar array solutions with deliveries in just six-to-eight weeks, compared to most competitors who require lead times of nine-to-twelve months.
• Ascent Solar Technologies has received several orders for spaceflight hardware assemblies that are on schedule to be completed and delivered this summer.
• The company's photovoltaic (PV) modules have been deployed on space missions, multiple airborne vehicles, agrivoltaic installations, and industrial/commercial construction, revolutionizing the use cases and environments for solar power.
• AscentSolar's research and development center and 5-MW nameplate production facility is in Thornton, Colorado.

Statistics:

• Ascent Solar Technologies has a 5 MW production facility in Thornton, CO.
• The company's high-maturity CIGS PV product line is produced domestically in the 5 MW facility in Thornton, CO.
• Ascent Solar Technologies is able to deliver mission-optimized solar array solutions in just six-to-eight weeks.
• Most competitors require lead times of nine-to-twelve months.
• The company has received several orders for spaceflight hardware assemblies that are on schedule to be completed and delivered this summer.
• Ascent Solar Technologies has 40 years of R&D experience and 15 years of manufacturing experience.
• The company has a comprehensive IP and patent portfolio.

Sources:

• GlobeNewswire (MIL-OSI) - "Ascent Solar Technologies, Inc. Announces Teaming Agreement with US Defense Solutions Provider"
• Ascent Solar Technologies, Inc. - "About Ascent Solar Technologies, Inc."