[mdb1]

Current CIGS record is over 23%. Why is ASTI so far behind? Very disappointing in my opinion.

[budfoxfun]

$ASTI big news this morning: Ascent Solar Technologies Achieves Record New Efficiency of 15.7% at Production Scale for its CIGS Solar Technology https://finance.yahoo.com/news/ascent-solar-technologies-achieves-record-123000798.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

[Trooperstocks]

$ASTI News: Ascent Solar Technologies Achieves Record New Efficiency of 15.7% at Production Scale for its CIGS Solar Technology
Ascent Solar Technologies, Inc.
Mon, June 9, 2025 at 8:30 AM EDT

In This Article:
ASTI Ascent Solar Technologies, Inc.

THORNTON, Colo., June 09, 2025 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, (Nasdaq: ASTI) ("Ascent" or the "Company"), the leading U.S. innovator in the design and manufacture of featherweight, flexible, and durable CIGS thin-film photovoltaic (PV) solutions, today announced that its thin-film CIGS technology reached record efficiency at 15.7% (AM0) at production scale. This achievement aligns with the Company’s previously announced 2025 strategy which aimed to continue improving upon its thin-film PV’s material quality, technological efficiency and production design optimization to increase the applicability of the technology in the space market.

Using the Titan™, a module approximately one square foot in size, Ascent can now produce a formidable 15.7 watts in power per unit. These modules are approximately 0.03mm in thickness and just over eight grams in weight, possess an impressive power density of 1960W/kg before encapsulation.

Ascent’s engineering and production teams have consistently achieved increases in device efficiency and overall performance since September 2023. In the last 18 months, Ascent has reached significant milestones in efficiency testing, with the latest achievement of 15.7% representing a significant increase from Q1 2024:

Q3 2023: 11.6 watts

Q4 2023: 13.3 watts

Q1 2024: 14.0 watts

Q2 2025: 15.7 watts

(Note: Power generation figures reflect STC conditions and AM0)

"These continued efficiency improvements for our CIGS arrays are the direct result of our U.S.-based manufacturing team’s tireless focus on process improvement and advanced device engineering," said Paul Warley, CEO of Ascent Solar Technologies. "The jump in device efficiency we’ve experienced over the past two years has dramatically enhanced our technology’s readiness for the space market, positioning it as an ideal solar material choice for satellite power systems and other spacecraft."

About Ascent Solar Technologies, Inc.

Backed by 40 years of R&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’s 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’s research and development center and 5-MW nameplate production facility is in Thornton, Colorado. To learn more, visit https://www.ascentsolar.com.

Forward-Looking Statements

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" 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'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 "will," "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," 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's filings with the Securities and Exchange Commission including those discussed under the heading "Risk Factors" in our most recently filed reports on Forms 10-K and 10-Q.

Media Contact

Spencer Herrmann
FischTank PR
[e-mail]

[Trooperstocks]

Good morning $ASTI News out!

[mdb1]

Based on the the 10Q, ASTI is a financial disaster. It should be valued at $.0001 again. How has it survived to still be in business?
I don't get it. How are they even funding operations?

[mdb1]

sub $1.00 again by July?

[Trooperstocks]

$ASTI Ascent Solar Technologies, Inc. Common Stock (ASTI) Press Releases: https://nasdaq.com/market-activity/stocks/asti/press-releases
@Nasdaq @AscentSolar

[Trooperstocks]

$ASTI Update: Thank u to @Semiconductor_ for covering our recent announcement about Ascent receiving an order to revise the design of its #space solar products after being evaluated by a potential customer interested in tech capable of receiving beamed power

https://semiconductor-today.com/news_items/2025/apr/ascent-040425.shtml

Thank u to @Semiconductor_T for covering our recent announcement about Ascent receiving an order to revise the design of its #space solar products after being evaluated by a potential customer interested in tech capable of receiving beamed powerhttps://t.co/fGs5GRp7OD$ASTI

— Ascent Solar (@AscentSolar) April 4, 2025

[Budots]

$ASTI today announced that its Director of Space Solutions, Julian Miller, will be taking meetings during the 40th Annual Space Symposium in Colorado Springs from April 7th-10th. https://finance.yahoo.com/news/ascent-solar-technologies-leadership-offers-113000269.html

[Trooperstocks]

$ASTI NEWS: Ascent Solar Technologies Leadership Offers Thin-Film Solar Facility Tours to Prospective Customers During 40th Annual Space Symposium
Ascent Solar Technologies, Inc.
Tue, April 1, 2025 at 7:30 AM EDT 4 min read


In This Article:
ASTI -Ascent Solar Technologies, Inc.

THORNTON, Colo., April 01, 2025 (GLOBE NEWSWIRE) -- Ascent Solar Technologies (“Ascent” or the “Company”) (Nasdaq: ASTI), the leading U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced that its Director of Space Solutions, Julian Miller, will be taking meetings during the 40th Annual Space Symposium in Colorado Springs from April 7th-10th. Leading up to and throughout the event the Company will conduct tours of its 5MW production facility at its headquarters in Thornton, Colorado for symposium attendees and major defense contractors. Ascent will present its thin-film PV offerings and discuss potential space Hardware Developer Kit partnerships, as well as upcoming mission and program opportunities.

The Space Symposium unites global space professionals from all sectors to connect and explore critical space issues. Miller will have the opportunity to meet with potential customers and partners across the commercial, civil and defense space industry sectors to discuss the adept performance and benefits of Ascent’s thin-film PV in orbital and planetary surface environments.

“Our team is actively working to establish standard combined offerings to make a greater depth of test data available for prospective space industry buyers evaluating how to best interface and integrate lighter-weight, lower mass solar arrays,” said Julian Miller, Director of Space Solutions at Ascent Solar Technologies. “As we continue to hold discussions with industry-leading providers of solar array structures and deployable mechanisms that enable satellites and other spacecraft to utilize our efficient thin-film PV products, we welcome new entities to connect with us and take a tour of our facilities while they are in the area for the Symposium.”

Ascent’s 5MW production facility currently has the capacity to ship orders in excess of 100kW this summer. Meetings with prospective customers include interest in trade studies for rapidly deliverable solutions that are drop-in replacements and backward compatible with existing capabilities enabled by the Company’s most recent PV product performance increases. Other space industry discussions include the exploration of new advanced capabilities enabled by Ascent’s CIGS PV products’ combination of resiliency with mass, volume, cost and schedule efficiencies. These opportunities span across commercial, civil and defense market sectors and include emerging markets such as in-space manufacturing, distributed space power grids and Lunar surface operations, among others.

All parties interested in participating in a facility tour are encouraged to reach out via Ascent’s contact page.

About Ascent Solar Technologies, Inc.

Backed by 40 years of R&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’s 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’s research and development center and 5-MW nameplate production facility is in Thornton, Colorado. To learn more, visit https://www.ascentsolar.com.

Forward-Looking Statements

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" 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'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 “will,” "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," 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's filings with the Securities and Exchange Commission including those discussed under the heading “Risk Factors” in our most recently filed reports on Forms 10-K and 10-Q.

Media Contact

Spencer Herrmann
FischTank PR
[e-mail]

[Trooperstocks]

Good morning $ASTI

[Trooperstocks]

$ASTI Full article entitled "Thin-Film Solar PV: Powering Satellites with Low Sun Exposure" 🔗 https://altenergymag.com/story/2025/03/thin-film-solar-pv-powering-satellites-with-low-sun-exposure/44951/

#solarpower #solarenergy #spacetech #energytwitter

2/2

Full article entitled"Thin-Film Solar PV: Powering Satellites with Low Sun Exposure" 🔗 https://t.co/ybrKg3IMAF#solarpower #solarenergy #spacetech #energytwitter

— Ascent Solar (@AscentSolar) March 31, 2025

[Trooperstocks]

$ASTI Ascent CEO Paul Warley writes for http://AltEnergyMag.com about #thinfilm #solar features that position it for success in #space:

✅ Light Weight and Flexibility

✅ Durability in Harsh Space Conditions

✅ Efficiency at Low Sunlight Exposure

1/2 Ascent CEO Paul Warley writes for https://t.co/DZaPtf3UMb about #thinfilm #solar features that position it for success in #space:

✅ Light Weight and Flexibility

✅ Durability in Harsh Space Conditions

✅ Efficiency at Low Sunlight Exposure$ASTI

— Ascent Solar (@AscentSolar) March 31, 2025

[budfoxfun]

“This space systems partner approached us with tough mission requirements that needed to be met in less than four weeks,” said Paul Warley, CEO of Ascent Solar Technologies. “Thankfully, our technology’s unique design allows for swift customization for situations like these. Opportunities like this will be instrumental as we continue to expand our presence in Europe’s growing space market.” $ASTI

[Trooperstocks]

$ASTI For prospective customers and partners, please fill out the form to request Sales and Product Information https://ascentsolar.com/contact-us

#solarpower #thinfilmsolar #solarmanufacturing #solarmodules #energytwitter #spacetech

For prospective customers and partners, please fill out the form to request Sales and Product Information 🔗 https://t.co/7F89Tbuz3O #solarpower #thinfilmsolar #solarmanufacturing #solarmodules #energytwitter #spacetech$ASTI pic.twitter.com/mNktm80yVp

— Ascent Solar (@AscentSolar) March 27, 2025

[ProfitScout]

$ASTI News: Ascent Delivers Spaceflight-Ready PV Blankets to European Space Systems Provider in Record-Breaking Two Weeks for Launch this Year

THORNTON, Colo., March 28, 2025 (GLOBE NEWSWIRE) -- Ascent Solar Technologies (“Ascent” or the “Company”) (Nasdaq: ASTI), the leading U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced the delivery of spaceflight-ready PV blankets to a leading European space systems provider, enabling an innovative new capability for making spacecraft lighter and more powerful. It is expected to be flown to space later this year.

Ascent’s flexible CIGS PV design allows the delivered space solar array products to provide mission-enabling rollability within challenging mass and volumetric constraints. Qualification test and spaceflight operational data is expected to be made available to prospective customers as available as part of Ascent’s Hardware Developer Kit program, aimed at making it easier for space mission managers and spacecraft engineers to unlock both mass savings and increased performance with Plug & Fly™ solar array hardware assemblies.

“This space systems partner approached us with tough mission requirements that needed to be met in less than four weeks,” said Paul Warley, CEO of Ascent Solar Technologies. “Thankfully, our technology’s unique design allows for swift customization for situations like these. Opportunities like this will be instrumental as we continue to expand our presence in Europe’s growing space market.”

Ascent’s spaceflight-proven, high-TRL solar array products allow for rapid customization and short delivery timelines, thanks to its 5 MW production facility and refined manufacturing processes. This partnership enables the European space systems provider to leverage Ascent’s expertise, reducing both mission risk and cost.

About Ascent Solar Technologies, Inc.

Backed by 40 years of R&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’s 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’s research and development center and 5-MW nameplate production facility is in Thornton, Colorado. To learn more, visit https://www.ascentsolar.com.

Forward-Looking Statements

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" 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'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 “will,” "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," 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's filings with the Securities and Exchange Commission including those discussed under the heading “Risk Factors” in our most recently filed reports on Forms 10-K and 10-Q.

Media Contact

Spencer Herrmann
FischTank PR
[e-mail]

https://www.globenewswire.com/newsroom/ti?nf=OTQxMjgxOSM2ODM5NzMxIzUwMDExNDU4Mw==
https://ml.globenewswire.com/media/ZTBjYjcyNWItYzY4ZS00YjhmLTg1MDYtZGM4YzVlNDQ1YWNjLTUwMDExNDU4My0yMDI1LTAzLTI4LWVu/tiny/Ascent-Solar-Technologies-Inc-.png

Source: Ascent Solar Technologies, Inc.

[INV4]

Ascent Solar Technologies Receives Order for Advanced Space PV Module Design Revision

March 27 2025 - 5:15PM

Ascent Solar Technologies (“Ascent” or the “Company”) (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’s 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’s time.

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’s CIGS PV material’s 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.

“As 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,” said Paul Warley, CEO of Ascent Solar Technologies. “As we continue to fine-tune our technology to meet each of our customers’ unique needs, we expect to experience increased demand and revenue opportunities.”

Ascent’s 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’ silicon-based PV products, as Ascent’s CIGS manufacturing process allows design features and production processes to be adjusted for each customer’s 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.

To receive sales and demonstration information, please submit an inquiry here: https://ascentsolar.com/contact-us.

About Ascent Solar Technologies, Inc.

Backed by 40 years of R&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’s 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’s research and development center and 5-MW nameplate production facility is in Thornton, Colorado. To learn more, visit https://www.ascentsolar.com.

https://ih.advfn.com/stock-market/NASDAQ/ascent-solar-technologies-ASTI/stock-news/95724633/ascent-solar-technologies-receives-order-for-advan

$ASTI

[Trooperstocks]

$ASTI NEWS: Ascent Solar Technologies Publishes Business Update on Progress to Establish Long-Term Revenue Through Space Solar Solutions Underway
Ascent Solar Technologies, Inc.
Tue, March 18, 2025 at 8:00 AM EDT

In This Article: ASTI +9.60%

Ascent Solar Technologies, Inc.

THORNTON, Colo., March 18, 2025 (GLOBE NEWSWIRE) -- Ascent Solar Technologies (“Ascent” or the “Company”) (Nasdaq: ASTI), the leading U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today reported on its commercial progress and achievement of stated annual goals as the Company continues to execute upon its 2025 growth initiatives.

Ascent is currently engaged with multiple strategic partners in the space market, including a major defense contractor, multiple deployable technology companies, as well as a satellite company to complete extensive integration testing of the Company’s unique thin-film CIGS solar technology. The expected result of successful testing and integration of Ascent’s technology is to secure long-term agreements for consistent annual revenue with a diverse set of customers in the space market.

“I am happy to report that Ascent’s challenging turnaround process is in the rear-view mirror, as our products now regularly achieve the higher device performance needed to meet customer needs for space-based power,” said Paul Warley, CEO of Ascent Solar Technologies. “Our latest solar efficiency milestones are opening new revenue streams driven by the increasing demand to power space vehicles and beam solar energy. Ascent products - all produced domestically in our facility in Thornton, CO - are uniquely poised to reliably meet that demand in the harsh environment of space, reducing costs and increasing operational efficiency for customers in the public, private and government sectors.”

Ascent’s leadership team looks forward to building upon its success for the remainder of 2025 and is eager to update its stockholder community with impactful Company announcements and milestones as they are finalized. Interested parties seeking to learn more about the Company, its products/technology, and market opportunity are encouraged to visit https://www.ascentsolar.com or email [e-mail].

About Ascent Solar Technologies, Inc.

Backed by 40 years of R&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’s 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’s research and development center and 5-MW nameplate production facility is in Thornton, Colorado. To learn more, visit https://www.ascentsolar.com.

Forward-Looking Statements

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" 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'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 “will,” "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," 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's filings with the Securities and Exchange Commission including those discussed under the heading “Risk Factors” in our most recently filed reports on Forms 10-K and 10-Q.

Media Contact

Spencer Herrmann
FischTank PR
[e-mail]

[STL Stock]

That's the math AFTER a massive rs. It was never $200k pps. It was in the trips in late 2019-early 2020. Shot up to 0.09. Dropped to around 0.05-0.02 then a 1:5000 rs for uplist at $20 pps. Falling since with an rs last year some time i think.

[mdb1]

Click on the 5 year on the stock chart.
In 2022 the stock price hit around $200,000 ???? And now it is less than $2s.
That is DILUTION!

[J2003]

Big dilution machine - that’s why

[mdb1]

Is ASTI being left behind technologically? Silicon solar cell efficiency just broke 27%. and commercial solar cells have reached 26%.

[mdb1]

$3 ? Why?

[UP AND COMING]

Well, Jester88888, the stock PEGY A semi-conductor. I bought at just under two dollars, it is now eight dollars and change. And the posters there were negative as well. need I say more?

[Jester88888]

If you Negative Nellies are so sure of yourselves why don't you all short the stock, make your apparent guaranteed money and stop complaining?

[downandoutthanksd]

Naw, it'll just keep printing shares & reverse splitting like they've always done.

Green New Deal scam operates with impunity... will always troll for newbs to take their money.

[mdb1]

Ascent Solar must be bankrupt or very very close to it. SunPower has declared bankruptcy.

[mdb1]

Who is buying this stock? I don't get it.

[mdb1]

$.50 more DOWN till the $1s are hit.

[mdb1]

The $1s are coming ... the $1s are coming.

[downandoutthanksd]

There will be a new low next week and the week after that and so on and so forth.

Never ending dilution, dilution will never end.

[Monksdream]

ASTI new 52 week low

[downandoutthanksd]

As long as it's in the name of green, you can be a thief. Just look at the current gov.

[mdb1]

2 months before ASTI goes below $1 again???

[bude]

Split check your share, how many do you now have.i have 1,

[bude]

Split

[mdb1]

Stock went UP ... Why?

[downandoutthanksd]

6x's a turd, always a turd!!

Aug 27th 2014 1:10 reverse
June 2nd 2016 1:20 reverse
July 23rd 2018 1:1000 reverse
Jan 31st 2022 1:5000 reverse
Sept 12th 2023 1:200 reverse
Aug 15th 2024 1:100 reverse
Splits!

[mdb1]

This is sad ... sad .. sad ...

[Coo breeze]

stock reverse splits never work it's a complete scam wake up and complain, or there will be more victims be a good American

[mdb1]

$.02s hit today... Hmmm?

[mdb1]

By end of year: kicked off NASDAQ and back to OTC?????

[Lilman72003]

pump and dump followed by the RS

A tale as old as time itself.

[ProfitScout]

$ASTI News: Ascent Solar Technologies Details Financial and Industry Status After Reverse Stock Split

THORNTON, Colo., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies (“Ascent” or the “Company”) (Nasdaq: ASTI), the leading U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today commented on its positioning withing the solar industry after its previously-announced reverse stock split, which takes effect before market open on August 15, 2024.

“By effecting the reverse stock split, we believe we have better positioned the company to succeed moving forward both in the near and long term. We have amassed enough liquidity to continue operations well into the first quarter of 2025, an important factor as we continue to pursue strategic partnerships and customer engagements within key industry verticals including space and aerospace,” said Paul Warley, CEO of Ascent Solar Technologies.

“As interest in solar technologies continue to grow throughout the space and aerospace industries, we believe Ascent’s thin-film solar PV technologies present a highly viable product offering that is ready for efficient application across multiple high-growth verticals. We have continued to expand our new business pipeline, while also achieving dramatic advancements in in our technology over the last year – both of which we see as positives for potential customers, as well as our current and prospective investors.”

About Ascent Solar Technologies, Inc.

Backed by 40 years of R&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’s 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’s research and development center and 5-MW nameplate production facility is in Thornton, Colorado. To learn more, visit https://www.ascentsolar.com


Forward-Looking Statements

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" 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'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 “will,” "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," 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's filings with the Securities and Exchange Commission including those discussed under the heading “Risk Factors” in our most recently filed reports on Forms 10-K and 10-Q.

Media Contact

Spencer Herrmann
FischTank PR
[e-mail]

[mdb1]

is ASTI worth even $.01?

[Nealio]

This is just another story of Wall St ruining perfectly good technology. Residential solar power in general has been a bust with the way they scam people with predatory financing.

[downandoutthanksd]

5x's a turd, always a turd!

Aug 27th 2014 1:10 reverse
June 2nd 2016 1:20 reverse
July 23rd 2018 1:1000 reverse
Jan 31st 2022 1:5000 reverse
Sept 12th 2023 1:200 reverse
Splits!

[Value_Investor]

ASTI has -$0.38 a share Huge Negative Book Value!

Within just three weeks the OS was diluted to 117,363,610 shares on June 1, 2024 while the old Outdated OS was only 30M shares on May 9, 2024!

Why the SEC didn't shut down this ENDLESS-Super-Heavy-Shares-Printing-Machine?

The ENDLESS Super-Heavy-Diluting Pos Scam just crashed to a New Low $0.077 today with Huge Sell-Off Volumes! A New low $0.018 will be created before the Upcoming Giant 1:5000 R/S!

The Official Giant R/S just kicked in very soon --- see the link below! I wish the R/S factor will not be greater than 1:10000!

https://www.otcmarkets.com/filing/html?id=17632196&guid=nUO-kWNHuR52B3h

The current OS of ASTI is 117,363,610 shares and very soon it will be Diluted to 500M shares (AS) since the On-Going Huge-DEBTs-Converting FREE shares are flooding to the market now...

So, let's liquidate ASTI at the bids ASAP before it is too late, then use all the cash proceeds to buy its Huge-Positive Book Value NASDAQ peers (their BV/PPS Ratio are 9.72 for EV-Stock KXI? and 13.42 for BIO-Stock TNX? respectively) or OTC-CI peer (AFF?: CLEAN-Shell with Mere 24,554,116 shares FIXED Tiny OS, it soared 400-Bagger so far) at their current Giant-Discount price levels in order to recover our Huge Losses here... KXI? did surge nearly 6-Bagger to $0.6 in Premarket session on May 17 with only 49M shares Small OS but $0.9842 a share Huge-Positive BV while TNX? ever soared 5.2-Bagger recently!

So, ASTI is Super Overvalued now!

ASTI is also at Hyper Overbought status based on its Huge-Negative Book Value!

[bude]

This one and ltum, oh well, we can continue counting our eggs

[mdb1]

Elon Musk needs to take over this company. What a waste it has been.