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$ASTI Recent Press Releases: https://investors.ascentsolar.com/news/default.aspx
The two very capable, high-tech companies of ASTI and MNTS should be able to work extremely well together and jointly contribute to the success of vital aerospace projects like the TASSA missions now underway. This looks like a perfect match-up.
From the news:
"Ascent’s flexible, lightweight photovoltaic modules are ideal for the space environment," says Paul Warley, ASTI CEO, "as our CIGS products are resilient to radiation and other drivers of degradation while operating in orbits between the Earth and the Moon. For those designing space missions, this equates to more end-of-life power with an order of magnitude less mass. We’re excited to be the baseline power generation solution for TASSA and look forward to continuing to collaborate with the Momentus team to provide long-lived and sustainable solutions for proliferated space architectures."
5,596,232 Outstanding warrants purchased by ASTI for $0.6432 each.
8-K - April 12th, 2024:
https://www.otcmarkets.com/filing/html?id=17447326&guid=97Q-kKuJUT9mB3h
.
Another r/s coming, watch!
$ASTI News: Momentus and Ascent Solar Technologies Partner to Bring to Market Leading-Edge Solar Arrays
Wed, April 17, 2024 at 10:00 AM EDT
In this article: ASTI / MNTS
Innovative solar arrays to address burgeoning need
SAN JOSE, Calif., April 17, 2024--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) ("Momentus") and Ascent Solar Technologies (Nasdaq: ASTI) ("ASTI") today announced a new partnership to jointly market leading-edge solar arrays utilizing the low-cost Tape Spring Solar Array (TASSA) being developed by Momentus and the high performance of Ascent’s flexible, lightweight photovoltaic modules.
The rapid growth in the production and deployment of thousands of satellites in space has led to the burgeoning need for low-cost, reliable solar arrays with high performance. Momentus and Ascent are excited to partner to market a leading-edge solar array designed to provide key advantages to customers, such as low-cost, resiliency with less degradation in the harsh environment in space, flexibility, and the ability to efficiently generate large amounts of power.
Building off the successes of the pathfinder demonstration of TASSA that was launched to Low-Earth Orbit on the Vigoride-6 mission one year ago and tested in space for several months, Momentus plans to add a high-power photovoltaic array as a differentiated feature of the next iteration of the TASSA product under development. Last year’s pathfinder TASSA demonstration validated solar blankets from Ascent Solar Technologies (Nasdaq: ASTI) ("ASTI") as a mass efficient and robust power generation solution. Momentus plans to incorporate in TASSA new higher efficiency solar blankets from ASTI composed of space industry optimized Titan Modules, providing even lower cost per kW of power.
TASSA will continue to utilize Vigoride hardware with spaceflight heritage to provide customers an entire array subsystem complete with solar array rotation actuators and controllers. This approach is oriented at streamlining mission schedules and minimizing clean room bottlenecks during spacecraft assembly integration and testing. TASSA is designed for responsive launch as well as more efficient flatpack configurations which allow for more satellites to fit within launch vehicle payload fairings.
"TASSA is designed to generate extensive power at very low cost while minimizing mass and volume," said Rob Schwarz, Momentus CTO. "TASSA is intended to allow Smallsats to generate kilowatts of power on orbit without breaking their mass, thermal, or cost budgets. This design optimization also facilitates improved satellite packing efficiencies and allows constellations to be fielded quicker and cheaper."
TASSA is also retractable and re-deployable, providing a means for the minimization of cross-sectional area and array exposure if notified of potential conjunction or other orbital hazards such as space weather. This could enable TASSA to facilitate longer mission durations and increased assurance of spacecraft operations on orbit.
"Ascent’s flexible, lightweight photovoltaic modules are ideal for the space environment," says Paul Warley, ASTI CEO, "as our CIGS products are resilient to radiation and other drivers of degradation while operating in orbits between the Earth and the Moon. For those designing space missions, this equates to more end-of-life power with an order of magnitude less mass. We’re excited to be the baseline power generation solution for TASSA and look forward to continuing to collaborate with the Momentus team to provide long-lived and sustainable solutions for proliferated space architectures."
ABOUT MOMENTUS
Momentus is a U.S. commercial space company that offers satellite buses and technologies, as well as space services including transportation, hosted payloads, and other in-orbit services.
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 or follow the Company on LinkedIn and X (formerly Twitter).
Forward-Looking Statements
This press release contains certain statements which may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding Momentus or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. The words "may," "will," "anticipate," "believe," "expect," "continue," "could," "estimate," "future," "expect," "intends," "may," "might," "plan," "possible," "potential," "aim," "strive," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions.
Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: the ability of the Company to generate revenue and raise capital in order to continue as a going concern; the ability of the Company to obtain licenses and government approvals for its missions, which are essential to its operations; the ability of the Company to effectively market and sell satellite transport services and planned in-orbit services; the ability of the Company to protect its intellectual property and trade secrets; the development of markets for satellite transport and in-orbit services; the ability of the Company to develop, test and validate its technology, including its water plasma propulsion technology; delays or impediments that the Company may face in the development, manufacture and deployment of next generation satellite transport systems; the ability of the Company to convert backlog or inbound inquiries into revenue; changes in applicable laws or regulations and extensive and evolving government regulations that impact operations and business, including export control license requirements; the ability to attract or maintain a qualified workforce with the required security clearances and requisite skills; product service or product or launch failures or delays that could lead customers to use competitors’ services; investigations, claims, disputes, enforcement actions, litigation and/or other regulatory or legal proceedings; the Company’s ability to comply with the terms of its National Security Agreement and any related compliance measures instituted by the director who was approved by the CFIUS Monitoring Agencies; the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and/or other risks and uncertainties. These are only some of the factors that may affect the forward-looking statements contained in this press release. For a discussion identifying additional important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, see the company’s filings with the U.S. Securities and Exchange Commission including, but not limited to, "Management’s Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. The Company’s filings may be accessed through the Investor Relations page of its website, investors.momentus.space, or through the website maintained by the SEC at www.sec.gov. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240417134583/en/
Contacts
Media: press@momentus.space
Investors: investors@momentus.space
Hit .125 premarket Chee Chee Chee
$ASTI ....Get ready for a Super Bounce.....................
Z
At least it seems to be stabilizing here around .13-.14.
Still believe it's worth much more. Over reaction here on ASTI #oversold, maybe #shorted, in a not so stable US market right now.
April 10 8:48 am news says .14/sh
I don't what to believe at this point. If the offering was as the news reported it barely dropped. But in the S1A it said .314
Who knows?
How ya been all these years ?
management have done nothing but continually nuke shareholder value here. This is nothing but an ATM lining insider pockets
Either way will be watching for better news. This sector is growing so fast.
Like to see a recovery. Long in solar sector. This and others. More and more solar farms popping up.
Thanks for posting that. Seems oversold or possibly shorted back. Noticed a couple articles out but missed the offering news.
$ASTI Nice article: "Thin Film Solar Power Technology Used in Aerospace & Consumer Goods; Reaching Record-Breaking Milestones: NASDAQ: ASTI" https://www.einpresswire.com/article/702626332/thin-film-solar-power-technology-used-in-aerospace-consumer-goods-reaching-record-breaking-milestones-nasdaq-asti via @ein_news $MSFT #tech
The Curse of the reverse stock split, it happens to all the stocks that reverse stock split
The stock certainly acted like .14 is the right number.
More than one source is saying .14 but the S1A that took effect showed the .314 as the offering price before some BS about it could be different.
I guess .14 is different
They got it wrong, my info came straight off OTCMarkets this morning. Globe substituted the smackdown price by mistake IMO
I often see smackdowns on offerings, anywhere from 30 to 50% - I think its because you have to account for the warrants they are giving away as an inducement to get the shares sold. They generally recover in days or weeks.
This one obviously is one of the 50% droppers.
JMO
Weird that the offering is at .314, and it's in the .13's now. I guess this sentence is why: "The actual price of,
and number of shares of, common stock to be offered may vary."
Offering Effective.
We are offering on a best efforts basis up to 40,000,000 shares of common stock. At an assumed offering price of $0.314 per share, which is equal to the
closing transaction price of a share of our common stock on the Nasdaq Capital Market on April 8, 2024, we would issue 19,108,280 shares and raise gross
proceeds of approximately $6.0 million in this offering. The presentations in this prospectus assume an offering price of $0.314, per share. The actual price of,
and number of shares of, common stock to be offered may vary.
Any news??
They are total scm bag trash, they would sell their mothers and their wives and children, to keep their over bloaded pay checks to keep coming in. When they should be cut in half off of their piss poor management performance.
100k shares to borrow,garbage can fire,put in dumpster on a train and they ran it into a black hole,co is taking shareholders $ had over fist,best news in their history and they dump/print/dump,bastards!!! took 38% from me,fool me once only
mid march,Additional Ascent modules with lower-cost and lighter-weight laminates are being evaluated on the upcoming MISSE payload slated to fly on SpaceX’s 30th Commercial Resupply Mission to the space station.
fridays can suck,bring on monday,they are funday,lol
earnings forecast is astronomical,50M-80M,current mkt cap 1.5M=lg.undervalue,i am awaiting mkt reaction over next few trading days
june10th to regain compliance or apply for another 180days
quite a few old holders exiting,should bounce,new great potential=new buyers and with dilution on hold and no shares to short,watch for bullish uptrend
$1.76 warrant exercise price,currently locked,if buyback doesn't happen by 4-12 old agreement holds in place
buy back warrants @.64 and cancel all,no w dilution,cant buy any i checked
ASTI stole all my shares through the OTC scam, reverse stock split, I hope the stock goes right back down to .0001
ASTI stole all my shares through the OTC scam, reverse stock split, I hope the stock goes right back down to .0001
The creeps steal the rays of the sun, and steal the money rays from the public,just one big solar cesspool of a mangerment crew,as they float then sink back to the bottom of the cesspool.
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With 40 years of R&D and a comprehensive patent portfolio behind it, Ascent Solar is the leading provider of CIGS solar technology. Ascent’s unique patented monolithic integration process enables the highest level of flexibility, efficiency, durability & weight savings, revolutionizing the way solar power can be used in everyday life. Ascent Solar’s Research and Development and its 4.5 MW nameplate production facility is in Thornton, Colorado. Ascent has cemented itself as the leader in the manufacturing of innovative, high performance, flexible thin-film solar panels for both existing and emerging agrivoltaic, space, and aerospace applications.
Tube Solar AG uses Ascent solar films to enable farmers to successfully balance farming solar and agriculture
Silent Falcon UAV using Ascent thin films achieves a 50% range extension
NASA tests validate Ascent's superior performance for space environments
We bring together 20+ years of R&D, 17 years of manufacturing experience, numerous awards and a comprehensive IP and patent portfolio to to cement our leadership in the photovoltaics market.
Our thin film PV panels are manufactured using cutting-edge CIGS (Copper-Indium-Gallium-Selenide) with patented monolithic integration.
Our patent-protected processes enable us to precisely apply layers of these elements on a thin (25micron) polyamide substrate to create resilient and featherweight panels that convert sunlight into electric power.
COMPANY NEWS
April 18, 2024
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