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Ascent Solar Technologies Inc.
367 FOLLOWERS AS OF 8/06/2019
iBox Update 8/06/2019 9:30AM CrazyKar123
.0004

 Photovoltaics Company 
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  ASTI  0.0004 Barcharts

https://www.otcmarkets.com/stock/ASTI/security


Ascent Solar Announces Positive Third Quarter 2018 Results


 

Photovoltaics is the conversion of light into electricity using semiconducting materials that exhibit the photovoltaic effect, a phenomenon studied in physics, photochemistry, and electrochemistry. A photovoltaic system employs solar panels, each comprising a number of solar cells, which generate electrical power. Wikipedia



Stock Symbol: ASTI 
Communication Links and Other Stuff
Twitter: https://twitter.com/ascentsolar

Linkedin: https://www.linkedin.com/in/victor-lee-52790b77
https://insiderfinancial.com/ascent-solar-technologies-inc-otcmkts-asti-showing-signs-of-life
https://www.nasa.gov/mission_pages/station/research/experiments/explorer/Investigation.html?#id=7929
https://www.dhs.gov/science-and-technology/news/2019/02/12/snapshot-working-nasa-secure-drone-traffic



 

       

 

 

Source: Ascent     

Ascent Solar Announces Positive Third Quarter 2018 Results 

11/20/18, 6:00 AM 
THORNTON, CO, Nov. 20, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Ascent Solar Technologies, Inc. (OTCBB: ASTI), a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV) solutions, reported results for the quarter ended September 30, 2018. 

Q3-2018 Financial Results: 

Net revenues were approximately $32K for the three months ended September 30, 2018, compared to $242K for the three months ended September 30, 2017, a decrease of $210K. The decrease is due to decreased sales of our private sector PV products of approximately $233K compared to the same period last year, slightly offset by sales of $23K of PV products under a government contract for the three months ended September 30, 2018. We expect to continue to experience huge volatility in net revenues booked, given the nature of our project based business model and revenue recognition policy, which recognizes revenue upon shipment of products. This brings our year-to-date nine months revenue to $512K, as compared to $548K in the same period in 2017. 

On the other hand, cost of revenues for the three months ended September 30, 2018 was negligible, compared to $535K for the three months ended September 30, 2017, representing a significant cost reduction. The decrease is primarily attributed to a decrease in materials and labor costs as a result of a decrease in production level as compared to the third quarter in the prior year. Production activities were minimal during the third quarter of 2018, as part of our cost management initiatives. Management believes our factory is currently significantly under-utilized, and a substantial increase in revenue would result in marginal increases to overhead. 

Despite revenue decline, loss from operations reported sharp improvement of approximately 64%, down from ($3.3M) in the third quarter of 2017 to ($1.2M) in this period; the year-to-date operating loss represents an improvement of $6.6M, or 57%, compared to 2017. This improvement was primarily the result of reduced manufacturing activities, progressive cost-reduction initiatives in manufacturing and R&D operations, and lower depreciation and amortization. Going forward, operating expenses are expected to remain manageable at the current level, and should show continued improvement as the Company progresses in the restructure and streamlining of its operations. 

Despite the loss from operation albeit narrowing gap, this is the first time in the corporate history that the Company actually reported quarterly net income of $383K based on US GAAP, for the quarter ended September 30, 2018 as compared to net loss of ($2.36M) in the same period last year. The net income was mainly the result of ongoing cost reduction initiatives, and non-cash items comprised of approximately $1.7M in non-cash interest expense, and a substantial positive swing of approximately $3.3M gain in change of fair value of derivatives liabilities associated with convertible notes. 

Management Comments: 

“We will continue to streamline our business model to better focus on our core strength in the specialty PV markets with high entry barriers like the space and near-space, aviation (drones), military, 1st Responders and emergency power markets,” commented Victor Lee, President and CEO of Ascent Solar Technologies, Inc. “The Company has made significant progress in penetration of these high-value markets, and we will continue to sharpen our focus in such areas where Ascent is truly at the forefront of the competition. The most recent press release on November 19, 2018 with regards to our involvement with the NASA MISSE-X project is a strong testament to our progress in the highly demanding space and near-space market.” 

ABOUT ASCENT SOLAR TECHNOLOGIES, INC: 

Ascent Solar Technologies, Inc., an ISO 9001-2015 certified company, is a developer of thin-film photovoltaic modules using flexible substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules were named as one of the top 100 technologies in both 2010 and 2015 by R&D Magazine, and one of TIME Magazine's 50 best inventions for 2011. The technology described above represents the cutting edge of flexible power and can be directly integrated into consumer products and off-grid applications, as well as other aerospace applications. Ascent Solar is headquartered in Thornton, Colorado, where the company’s quality management system has achieved ISO 9001:2015 certification. More information can be found at www.AscentSolar.com. 

Forward-Looking Statements: 

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." 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. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. 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

Victor Lee 
1-720-872-5233 
victor.lee@ascentsolar.com 

AS Logo.png




Source: Ascent Solar Technologies, Inc.

After two decades of research and development, Ascent Solar was formed in 2005, to commercialize leading-edge CIGS photovoltaic technology on flexible, plastic substrate. Ascent’s unique monolithic integration process enables the highest level of efficiency, durability & weight savings representing the potential to transform the way solar power can be used in everyday life. Ascent Solar’s Research and Development  and its 30 MW nameplate production facility is in Thornton, Colorado.
 
By pioneering a technology that is recognized as the future of the solar industry, Ascent has cemented itself as the leader in the manufacturing of innovative, high performance, flexible thin-film solar panels for both existing and emerging defense, consumer electronic, off-grid, transportation and building applications.

Ascent Solar has won 3 awards thus far that touts it’s superior technology.In 2010, Ascent Solar was awarded an R&D 2010 Award for developing CIGS (Copper-Indium-GalliumSelenide) on a polyimide substrate. This demonstrated that solar cell material can be made with roll-to-roll processing on a ?exible, lightweight polyimide substrate with a monolithic integration.

In 2011, Ascent Solar was recognized as one of Time Magazine’s Top 50 Inventions for the development of their thin-film PV on plastic technology. This allows for the unique possibility of seamless integration into vehicles, buildings material and more without being confined to rigid structures.

Finally in 2015, Ascent Solar was presented the R&D 2015 award for the development of their MilPak solar blanket. The MilPak™ E is IP-67 rated fully integrated mobile power solution that includes a foldable photovoltaic blanket with an attached waterproof battery case that houses a maximum peak power tracker, 86.5 watt hour of power storage with battery management circuitry, a 55 watt 24 volt power circuit, and two high-current USB circuits.
Ascent’s results-oriented team is focused on continued technical innovation while effectively developing current market opportunities and enabling customers to create transformational applications using solar power.


After two decades of research and development, Ascent Solar was formed in 2005, to commercialize leading-edge CIGS photovoltaic technology on flexible, plastic substrate.

Ascent’s unique monolithic integration process enables the highest level of efficiency, durability & weight savings representing the potential to transform the way solar power can be used in everyday life. Ascent Solar’s Research and Development  and its 30 MW nameplate production facility is in Thornton, Colorado.

By pioneering a technology that is recognized as the future of the solar industry, Ascent has cemented itself as the leader in the manufacturing of innovative, high performance, flexible thin-film solar panels for both existing and emerging defense, consumer electronic, off-grid, transportation and building applications.

Ascent’s results-oriented team is focused on continued technical innovation while effectively developing current market opportunities and enabling customers to create transformational applications using solar power.

                                                                                 

 

12300 N. Grant St
Thornton, CO 80241 USA
Phone 1.720.872.5000
Fax 1.720.872.5077
company.info@ascentsolar.com


 

Media Coverage

THORNTON, CO, Nov. 19, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Ascent Solar Technologies, Inc. (OTCBB: ASTI), a developer and manufacturer of state-of-the-art, lightweight and flexible thin-film photovoltaic (PV) solutions, announces that the company’s ultra-lightweight thin-film PV has been selected by NASA Marshall Space Flight Center (MSFC) to participate in the MISSE-X (Materials International Space Station Experiment) flight experiment launched on 17 November 2018 aboard the NG CRS-10 mission.  Details of the MISSE-X mission can be found at 

NASA is evaluating ASTI’s flexible, ultra-lightweight, monolithically integrated photovoltaics (PV) based on the copper-indium-gallium-selenium (CIGS) chemistry for various missions, including CubeSats and future missions to the moon and Mars. Actual in-flight experience is invaluable for evaluating new technologies and NASA’s selection of ASTI’s PV is a critical path for entering the challenging space market. The MISSE-X, represents the 10th of a series of experiments that are deployed onto the International Space Station (ISS) for extended period of time to evaluate new materials, coating, and other components in actual flight conditions, and are then retrieved and returned to earth for evaluation. Since 2001, the MISSE project has tested 4,000 material samples and specimens - from lubricants and paints to fabrics, container seals and solar cell technologies - to demonstrate their durability in the punishing space environment. MISSE-X was launched on the morning of 17 November 2018 at 4:01am EST from the NASA Wallops Flight Facility in Virginia with subsequent docking at ISS anticipated on 19 November 2018.  Video of the NG CRS-10 launch can be found at: https://www.youtube.com/results?search_query=ng+crs-100.

“Our flight on MISSE-X represents a significant milestone towards the acceptance of our flexible, lightweight, monolithically integrated CIGS in the challenging and very discriminating space market,” stated Dr. Joseph Armstrong, Chief Technology Officer and founding team member of Ascent Solar. “Actual flight experience is crucial for these markets, and MISSE X allows us to demonstrate our monolithically-integrated flexible CIGS for the first time. We anticipate that the experiment will be attached onto the space station for a year or more and will be returned to earth for further evaluation. NASA MSFC has been working with us for several years on the development of our product for this challenging market, and the micro-modules developed for MISSE-X are a compact version of our normal space products that were designed to fit within the MISSE-X form factor.”

The new micro-module, in the size of 0.5 inch x 2 inch, has six (6) solar cells monolithically integrated in series but has all of the standard features of ASTI’s other larger modules. As such, it is ideal for evaluating the ASTI product in flight experiments that typically are space-limited. At this size, NASA is able to include several ASTI samples to be exposed to the same space conditions with different protective space coatings.

“We are extremely thrilled to be working with NASA Marshall Space Flight Center in transforming our lightweight CIGS PV into space-grade product,” said Victor Lee, President and CEO of Ascent Solar. “Developing a PV module capable of integrating into a deployable array for CubeSats and future exploration missions puts us in a very unique position in the industry to answer the needs of these future markets. This is a significant milestone for the company in our pursuit of the specialty, high-value PV market.”

ABOUT ASCENT SOLAR TECHNOLOGIES, INC.

Ascent Solar Technologies, Inc., an ISO 9001-2015 certified company, is a developer of thin-film photovoltaic modules using flexible substrate materials that are more versatile and rugged than traditional solar panels.  Ascent Solar modules were named as one of the top 100 technologies in both 2010 and 2015 by R&D Magazine, and one of TIME Magazine's 50 best inventions for 2011. The technology described above represents the cutting edge of flexible power and can be directly integrated into consumer products and off-grid applications, as well as other aerospace applications. Ascent Solar is headquartered in Thornton, Colorado, where the company’s quality management system has achieved ISO 9001:2015 certification. More information can be found at www.AscentSolar.com.

Forward Looking Statements

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." 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. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. 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.

                                                Ascent Solar Technologies  Investor Relations  victor.lee@ascentsolar.com 
Magazine Articles:
TIME Magazine – The 50 Best Inventions of 2011

News Articles:
https://www.otcmarkets.com/stock/ASTI/news


The New Military and Tactical Solar Backpack by Eclipse Solar Gear
Ascent Solar, Makers of Thin Film Modules, Get Distributors In Singapore, Malaysia, Greece
Samsonite shows messenger bag with solar panel, charger
FTL Solar Integrates Thin-film and Fabric
New Portable Solar Tent for Disaster Relief
The New Eclipse Solar Tablet Case by Eclipse Solar

Recent Releases

Jun 20, 2017
Strategic Investor Increases Shareholding in Ascent Solar to Beyond 12%

May 30, 2017
Strategic Investor Increases Shareholding in Common Stock of Ascent Solar

Mar 11, 2016
Investor Presentation, March 2016

 

Dec 1, 2015
Defense Energy Innovation Summit & Showcase

 

We are committed to serving the best interests of our shareholders. You will find key shareholder information and financial reports available to help put Ascent Solar's financial performance into perspective.

Ascent Solar current Form 10-Q (May 22, 2017)  PDF file 357.5 KB

Ascent Solar current Form 10-K/A (May 1, 2017)  PDF file 287.2 KB

 

                                                                                                                          

 

www.AscentSolar.com
 
ASTI
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ASTI News: Quarterly Report (10-q) 12/09/2019 06:01:26 AM
ASTI News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 11/18/2019 10:44:38 AM
ASTI News: Current Report Filing (8-k) 11/12/2019 09:35:04 AM
ASTI News: Current Report Filing (8-k) 09/13/2019 04:54:51 PM
ASTI News: Current Report Filing (8-k) 08/30/2019 03:26:23 PM
PostSubject
#33504  Sticky Note Ascent Solar Technologies, Inc. (NASDAQ:ASTI) Set to Announce benhor 08/07/17 11:28:45 AM
#17702  Sticky Note trading strategy for $ASTI: Atlanta1 09/27/16 09:33:05 AM
#43033   BAPV Parte Afta Parte 01/25/20 07:37:42 AM
#43032   happen'd to me many times,(in the low trips), abrois 01/23/20 11:23:32 AM
#43031   Love the idiots buying 10000 shares lmao Dman2218 01/22/20 12:16:34 PM
#43030   and if a frog had wings... Atlanta1 01/12/20 10:44:34 PM
#43029   Descending slides can turn into ascending rockets....... Termite7 01/12/20 10:40:35 PM
#43028   lol - are you serious? Atlanta1 01/12/20 08:20:56 PM
#43027   Very interesting chart...... Termite7 01/12/20 08:01:34 PM
#43026   same to you - thanks Atlanta1 12/29/19 12:02:00 PM
#43025   I wish a good year 2020 for you dumbof 12/29/19 11:53:55 AM
#43024   only 15 Billion + to go!! Atlanta1 12/29/19 11:36:44 AM
#43023   ASTI SECURITY DETAILS dumbof 12/29/19 11:11:54 AM
#43022   Damn ! More than a year after my Poupitz 12/27/19 05:31:37 PM
#43021   Prick is lieing on 10q about revenue growth. OlinSain 12/26/19 10:52:22 AM
#43020   sounds like you've come to appreciate Kong Lee Atlanta1 12/26/19 10:45:38 AM
#43019   sounds like you've come to appreciate Kong Lee Atlanta1 12/26/19 10:45:37 AM
#43018   You fucking criminal, happy fuck you OlinSain 12/26/19 10:40:01 AM
#43017   Retard why don't you do a R/S and OlinSain 12/26/19 10:38:49 AM
#43016   A cash cow for Kong Lee and shareholders OlinSain 12/24/19 07:58:04 AM
#43015   all standard boiler plate, except for this: Atlanta1 12/23/19 10:35:13 PM
#43014   As a result of the Company’s recurring losses Falconflier 12/23/19 09:59:45 PM
#43013   Time of a 1000 to 1 R/S ASTI. mdb1 12/22/19 08:01:18 AM
#43012   ASTI SECURITY DETAILS dumbof 12/21/19 12:29:05 PM
#43011   A nice x-mas present will be a resignation OlinSain 12/20/19 03:58:52 PM
#43010   Kong Lee is not going anywhere. Atlanta1 12/20/19 03:55:14 PM
#43009   When is this Lee guy getting kicked to OlinSain 12/20/19 03:52:11 PM
#43008   from that last string of vents, it sounds Atlanta1 12/20/19 10:47:43 AM
#43007   You POS why don't you do this company OlinSain 12/20/19 10:34:51 AM
#43006   The only thing we get from you is dilution. OlinSain 12/20/19 10:33:22 AM
#43004   Kong Lee you retard, when you resign, this OlinSain 12/20/19 10:27:42 AM
#43003   huh? they are already at 20 Billion o/s? Atlanta1 12/19/19 03:22:34 PM
#43002   jeesh! already maxed out shares...R/S NEXT~! downandoutthanksd 12/19/19 01:54:07 PM
#43001   A building is worth something. Edmcgrath 12/16/19 01:04:36 PM
#43000   This company is doomed to fail sooner or later dumbof 12/12/19 09:40:57 AM
#42999   ASTI's only lifeline is to sell their building mdb1 12/12/19 03:09:45 AM
#42998   Have a lot of money hunted through the dumbof 12/11/19 08:27:26 AM
#42997   Revenue is growing, the key to survival on OlinSain 12/11/19 07:43:18 AM
#42996   I think the end of 2020 will be mdb1 12/11/19 07:23:35 AM
#42995   Bid/Ask is favorable. TonyJoe1957 12/10/19 02:20:23 PM
#42994   The Company continues to accelerate sales and marketing dumbof 12/10/19 05:52:12 AM
#42993   10 Q dumbof 12/10/19 05:48:12 AM
#42992   you r and have been absolutely correct , abrois 12/09/19 10:17:16 AM
#42991   Revenue is growing! OlinSain 12/09/19 10:14:42 AM
#42990   that's never been the issue - it's the Atlanta1 12/09/19 10:04:04 AM
#42989   current on thier filings,, abrois 12/09/19 09:50:06 AM
#42988   Just looking at bid/ask today...too early to say anything. TonyJoe1957 12/09/19 08:10:33 AM
#42987   R/S .. R/S .. R/S needed again. 1000 mdb1 12/08/19 07:44:33 AM
#42986   Solar sector starting to show some signs of Filterthenoise 12/04/19 08:22:44 PM
#42985   When is that 10q coming out? OlinSain 12/04/19 05:16:52 PM
#42984   Interesting choice of words from a MOD? Filterthenoise 12/01/19 11:33:02 AM
#42983   lol... you are clueless Atlanta1 11/29/19 11:48:14 PM
PostSubject