Ascent Solar Technologies Inc. Achieves Spaceflight Heritage for its Space Solar PV Array Products on Momentus’ Vigoride-6 Mission
December 21 2023 - 7:30AM
Ascent Solar Technologies, (Nasdaq: ASTI) (“ASTI” or the
“Company”), the leading U.S. innovator in the design and
manufacture of featherweight, flexible, and durable CIGS thin-film
photovoltaic (PV) solutions, announced today that the Company has
achieved spaceflight heritage for its space PV array products
manifested on the Momentus Vigoride-6 mission. The assembly flown
was composed of ASTI’s Plug & Fly™ solar panels, consisting of
thin-film modules that were integrated into Momentus’s Tape Spring
Solar Array (TASSA), which recently completed initial in-space
testing.
Beyond establishment of NASA Technology Readiness Level 9 (TRL9)
for the Company’s products, this achievement also validates
Ascent’s CIGS material, manufacturing, integration, and quality
processes, representing a significant milestone for its space
solutions. Ascent’s bare PV modules have operated as expected in
the space environment since being deployed, while this on-orbit
demonstration verifies and builds upon the positive results of the
MISSE-X experiment with NASA on the ISS. This milestone further
validates the robustness of the Company’s portfolio of CIGS
intellectual properties for space applications.
The Company is continuing to focus its next generation of higher
efficiency lightweight products optimized for the orbital
environment. Ascent’s Titan Space HDK line of products are derived
from the subscale PV modules flown on Vigoride-6 and will provide
even more spacecraft mass, cost, and schedule savings to mission
managers with multiple megawatts of capacity still available for
deliveries in 2024.
“This demonstration validates Ascent as a leader in space
sustainability, and is reflective of the tremendous market
opportunity we continue to pursue,” says Paul Warley, CEO of Ascent
Solar Technologies. “We’ve also now proven that our power
generation solutions available today are aligned with the European
Space Agency’s Zero Debris Charter. Ascent’s Space HDK line of
products are engineered to be resilient enough that if impacted and
penetrated by space debris, the array can continue to generate
power while not creating additional debris. Ultimately, this
drastically lowers mission risks for spacecraft specifying flexible
thin-film power generation capabilities like Ascent’s, which are
poised to be one of the technologies that will enable the
preservation of the global commons of Earth’s orbits as they grow
increasingly more crowded and trafficked.”
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
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 HerrmannFischTank PRspencer@fischtankpr.com
INVESTOR RELATIONS
ir@ascentsolar.com
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