Ascent Solar Technologies Inc (ASTI)

[overlordpeter]

ALLIANCE SPACESYSTEMS, LLC
is the premier manufacturer of composite structures for spacecraft and other high-tech applications where strength-to-weight ratio, superior stiffness and dimensional stability are key requirements.

ASTI lightweight PV modules were selected by Vanguard Space Technologies,
Inc. (Vanguard) in 2H 2014 to create an ultra-thin, high power-to-weight ratio,
large space solar array
? Vanguard had passed a key test milestone with its Thin Integrated Solar (THINS)
PV technology , performed by the NASA Jet Propulsion Laboratory plasma
facility, which is intended to power next-generation spacecraft*


Vanguard was acquired as a wholly-owned subsidiary of SolAero, but will be operated under the Alliance Spacesystems brand name. While the acquisition of Vanguard offers key synergy opportunities for the company, no near-term changes to any of the companies' operations are planned as a result of the transaction.

"We are delighted to add Vanguard to the SolAero family. This acquisition combines highly complementary core businesses to create a stronger company that will drive value for our worldwide customer base," said Brad Clevenger, CEO of SolAero. "We look forward to continuing to bring innovative and cost-effective solutions to all of our customers across all lines of business."