Articles from Ascent Solar Technologies, Inc.

THORNTON, Colo., Jan. 14, 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 commented on its commercial progress and solar material development in 2024, as the Company looks ahead to continued corporate growth in 2025.

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.

THORNTON, Colo., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“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 effective before market open on August 15, 2024, it will complete a 1-for-100 reverse stock split of its common stock.

THORNTON, Colo., July 25, 2024 (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 CEO Paul Warley will attend two major industry and investor events this summer: ASCEND 2024 and the H.C. Wainwright 26th Annual Global Investment Conference.

THORNTON, Colo., June 21, 2024 (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 provided a corporate update on the Securities Purchase Contract with an institutional investor previously disclosed on December 19, 2022.

THORNTON, Colo., May 16, 2024 (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 it has begun developing prototype solar arrays in collaboration with the University of Stuttgart Institute for Building Energetics, Thermotechnology and Energy Storage (IGTE), an international research center focused on energy storage, renewable energies and indoor climate technology.

THORNTON, Colo., May 14, 2024 (GLOBE NEWSWIRE) -- 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, today announced it has received a firm order from a leading mega-constellation satellite manufacturer for initial delivery of PV modules for evaluation. The Ascent delivered product will be extensively evaluated for incorporation into the manufacturer’s next-generation hardware.

THORNTON, Colo., April 18, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent Solar” or the “Company”) (NASDAQASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced the second and third closings under its previously announced “best efforts” public offering, at a per share offering price of $0.14. 2,550,000 shares of common stock and 11,735,714 Pre-Funded Warrants, representing gross proceeds of $2 million before deducting offering expenses, were sold in the final closing. The Pre-Funded Warrants are immediately exercisable at a price of $0.0001 per share of common stock and only expire when such prefunded warrants are fully exercised. The Company previously announced an initial closing under the offering that represented gross proceeds of $3.09 million before deducting offering expenses in gross proceeds. Aggregate gross proceeds from the offering totaled $5.09 million before deducting offering expenses.

Innovative solar arrays to address burgeoning demand

THORNTON, Colo., April 12, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent Solar” or the “Company”) (NASDAQASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced the initial closing its previously announced “best efforts” public offering. 12,629,460 shares of common stock and 9,426,570 Pre-Funded Warrants, representing gross proceeds of $3.09 million before deducting offering expenses, have been sold. The prefunded warrants are immediately exercisable at a price of $0.0001 per share of common stock and only expire when such prefunded warrants are fully exercised. The offering will remain open until the earlier of (i) April 26, 2024; or (ii) such date as the Company determines to terminate the offering.

THORNTON, Colo., April 10, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent Solar” or the “Company”) (Nasdaq: ASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced the launch of a “best efforts” public offering of gross proceeds up to $6 million at a price of $0.14 per share of common stock (“Shares”). In lieu of Shares, investors can purchase one prefunded warrant to purchase a Share. The prefunded warrants are immediately exercisable at a price of $0.0001 per Share and only expire when such prefunded warrants are fully exercised.

Ascent shares an overview of the progress made using its Titan™ module as well as its production goals for the coming month

THORNTON, Colo., March 21, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent,” or the “Company”) (Nasdaq: ASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today provided a corporate update on the Securities Purchase Contract with two institutional investors previously disclosed on December 19, 2022.

THORNTON, Colo., March 14, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent,” or the “Company”) (Nasdaq: ASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced that, as previously disclosed on December 19, 2022, the Company entered into a Securities Purchase Contract with two institutional investors. Pursuant to the Purchase Contract, the Company issued to the investors certain common stock warrants (the “Warrants”).

THORNTON, Colo., March 08, 2024 (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 published a corporate update detailing its customer and revenue potential, as well as its strategy to meet growth opportunities in its two primary customer verticals of aerospace and agrivoltatics. The published report can be found here.

THORNTON, Colo., Feb. 26, 2024 (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, announced today that the Company’s solar module products will fly on NASA’s upcoming Lightweight Integrated Solar Array and AnTenna (LISA-T) mission, scheduled for launch this summer. The mission, led by NASA’s Space Technology Mission Directorate and the agency’s Marshall Space Flight Center in Huntsville, will demonstrate the capability to deploy large-area arrays on lightweight, low-cost and small spacecraft.

THORNTON, Colo., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies (“Ascent Solar” or the “Company”) (Nasdaq: ASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced the appointment of former founding member of SpaceX Philippe Kassouf to the Company’s Strategic Advisory Board in the role of Strategic Advisor.

THORNTON, Colo., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent” or the “Company”) (Nasdaq: ASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced it has initiated advocacy outreach to members of the recently-formed Private Sector Space Activities Interagency Steering Group as part of the White House’s United States Novel Space Activities Authorization and Supervision Framework.

THORNTON, Colo., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent,” “Ascent Solar” or the “Company”) (Nasdaq: ASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced it has established a Strategic Advisory Board with the addition of its inaugural member, Major General Casey Blake, in the title of Strategic Advisor.

THORNTON, Colo., Jan. 09, 2024 (GLOBE NEWSWIRE) -- 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 signed a LOI with an undisclosed private company to supply future orders that are anticipated to exceed 2-5 MW total from 2027 to 2029 and 100 MW per year within the next decade.

THORNTON, Colo., Dec. 21, 2023 (GLOBE NEWSWIRE) -- 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.

THORNTON, Colo., Dec. 18, 2023 (GLOBE NEWSWIRE) -- 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 completed the first delivery of its new, increased efficiency material for further testing.

THORNTON, Colo., Dec. 11, 2023 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent Solar'' or the “Company”) (Nasdaq: ASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced that its Chief Executive Officer Paul Warley will attend the Space Force Association’s inaugural Spacepower Conference in Orlando, Florida, from December 12-13, 2023.

THORNTON, Colo., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent Solar” or the “Company”) (Nasdaq: ASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced that its 2023 Annual Meeting of Stockholders (the “Annual Meeting”) scheduled for December 5, 2023 has been adjourned for the purpose of soliciting additional votes with respect to the proposals described in the Company’s definitive proxy statement for the Annual Meeting, filed with the Securities and Exchange Commission (the “SEC”) on October 23, 2023.

THORNTON, Colo., Dec. 03, 2023 (GLOBE NEWSWIRE) -- 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 is pursuing several opportunities for federal funding through the Department of Energy (DOE) and the Small Business Administration, with determination and allocation scheduled for 2024.

THORNTON, Colo., Nov. 16, 2023 (GLOBE NEWSWIRE) -- 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 latest test results of its proprietary CIGS technology show an efficiency increase from 17.55% to 17.73%. 

THORNTON, Colo., Nov. 02, 2023 (GLOBE NEWSWIRE) -- 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 it will soon release a newly developed solar module – Titan – that is optimized for use in a space environment, possessing a record power output of 17.55% efficiency. The product is expected to ship as early as Q1 2024.

THORNTON, Colo., Oct. 30, 2023 (GLOBE NEWSWIRE) -- 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 latest test results of the Company’s proprietary CIGS technology show an in efficiency increase from 15.5% to 17.55%, a milestone achievement.

THORNTON, Colo., Oct. 25, 2023 (GLOBE NEWSWIRE) -- 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 its latest CIGS technology has achieved a measured Specific Power of 1900 W/kg at AM0. Specific Power refers to the power-to-weight ratio for a system or component, specifically watts per kilogram.

THORNTON, COLO., Oct. 23, 2023 (GLOBE NEWSWIRE) -- 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 initial concept paper submitted for DE-FOA-0003057: Bipartisan Infrastructure Law: Silicon Solar Manufacturing, and Dual-use Photovoltaics Incubator has been reviewed and received an “Encouraged” decision from the Department of Energy (DOE).

THORNTON, Colo., Oct. 12, 2023 (GLOBE NEWSWIRE) -- 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 following the application of the proceeds of the Company's recent public offering, the Company's remaining outstanding debt has been reduced to $1.7M.

THORNTON, Colo., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent Solar” or the “Company”) (NASDAQASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced the closing of its previously announced “best efforts” public offering of 3,572,635 units (“Units”) at a price of $2.88 per Unit, for gross proceeds of approximately $10.3 million, before deducting offering expenses, with each Unit comprising (a) one share of common stock or, in lieu of common stock, one prefunded warrant to purchase a share of common stock, and (b) one common warrant to purchase a share of common stock. The prefunded warrants are immediately exercisable at a price of $0.0001 per share of common stock and only expire when such prefunded warrants are fully exercised. The common warrants are immediately exercisable at a price of $2.88 per share of common stock and will expire five years from the date of issuance.

THORNTON, Colo., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent Solar” or the “Company”) (Nasdaq: ASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced the launch of a “best efforts” public offering of 3,572,635 units (“Units”) at a price of $2.88 per Unit, with each Unit comprising (a) one share of common stock or, in lieu of common stock, one prefunded warrant to purchase a share of common stock, and (b) one common warrant to purchase a share of common stock. The prefunded warrants are immediately exercisable at a price of $0.0001 per share of common stock and only expire when such prefunded warrant are fully exercised. The common warrants are immediately exercisable at a price of $2.88 per share of common stock and will expire five years from the date of issuance.

The thin-film solar provider’s efficiency improvements intended to help achieve widespread adoption of powerful, flexible solar PV across a number of industries and applications

THORNTON, Colo., Sept. 11, 2023 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent Solar” 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 effective before market open on September 12, 2023, it will complete a 1-for-200 reverse stock split of its common stock.

The thin-film solar provider’s efficiency improvements are intended to drive wider adoption of powerful, flexible solar PV across several industries and applications

THORNTON, Colo., June 30, 2023 (GLOBE NEWSWIRE) -- Ascent Solar Technologies (NASDAQASTI) (“ASTI” or the “Company”), the leading U.S. innovator in the design and manufacture of featherweight, flexible CIGS thin-film photovoltaic (PV) solutions, announced the signing of a definitive agreement on June 29, 2023 for a bridge financing round for the issuance of up to 900 Series 1B Convertible Preferred. The closing of the transaction is expected to occur in the next several days. Each share of Preferred stock shall have a stated value equal to $1,000 for aggregate gross proceeds of $900,000 before closing costs and adjustments. This financing marks a significant milestone for the Company as it solidifies its financial position and paves the way for future growth.

THORNTON, Colo., May 15, 2023 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (NASDAQASTI) (“ASTI” or the “Company”), the leading U.S. innovator in the design and manufacture of featherweight, flexible thin-film photovoltaic (PV) solutions, announced today its results for the three months ended March 31, 2023.

THORNTON, Col., May 11, 2023 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, (Nasdaq: ASTI) (“ASTI” or the “Company”), the leading U.S. innovator in the design and manufacturing of featherweight, flexible, and durable CIGS thin-film photovoltaic (PV) solutions, today announced several leadership appointments to advance the Company’s strategic business goals and position it for sustained value creation. The Company announced the promotions of Jin Jo as Chief Financial Officer and Bobby Gulati as Chief Operating Officer. These changes are effective April 8, 2023.

THORNTON, Colo., May 02, 2023 (GLOBE NEWSWIRE) -- 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 Board of Directors has terminated Jeffrey Max, ASTI’s President and Chief Executive Officer, effective April 26, 2023. The Company also announced that it has named its Chief Financial Officer, Paul Warley, as the Company’s Chief Executive Officer, effective immediately. Mr. Warley will remain in his current role as CFO on an interim basis until his replacement is appointed by the Company's Board.

Capital commitment arrives as Ascent executes turnaround plan that includes global expansion and investments in commercializing Perovskites solar technology

Ascent Solar receives repeat funding to fuel aggressive turnaround plan and strategy to become global contender in the solar technology solutions market

Ascent Solar's acquisition of Flisom AG’s Zurich equipment establishes a new revenue stream, 300% more manufacturing capacity, and an international presence as European and Asian governments adopt legislation to increase solar energy production & domestic manufacturing capabilities

Ascent HDKs simplify the complex, expensive process of designing solar power solutions for structures and devices in outer space

THORNTON, Colo., March 16, 2023 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (NASDAQASTI) (“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 Jeffrey Max, ASTI’s Chief Executive Officer, has been invited to participate on the Clean Energy Technology Adoption panel at the Industrial Tech Virtual Conference, presented by Maxim Group LLC and hosted by M-Vest. This panel will begin at 12:00 p.m. ET, on Tuesday, March 21, 2023.

Ascent Solar’s Thornton facility brings together advanced industrial manufacturing capabilities, solar technology experts, and IP to commercialize Perovskite Lab efficiency breakthroughs at industrial scale

Ascent Solar Technologies, Inc. (NASDAQASTI) today announced that its board of directors compensation committee has granted Paul Warley Jr., the company’s newly appointed chief financial officer, an inducement grant of restricted stock units (RSUs) for an aggregate of 700,000 shares of Ascent Solar’s common stock.

Ascent Solar Technologies, Inc. (NASDAQASTI) – the leader in designing and manufacturing state-of-the-art, lightweight, flexible thin-film photovoltaic (PV) solutions – has hired Paul Warley Jr. as its next chief financial officer (CFO). Warley comes to Ascent Solar with significant experience in corporate turnarounds, restructuring, cross-border trade and capital advisory.

Ascent Solar Technologies, Inc. (NASDAQASTI), the leader in design & manufacturing of state-of-the-art, lightweight, flexible thin-film photovoltaic (PV) solutions – has introduced options trading of its stock, via all U.S. options exchanges. Nasdaq approved ASTI options for trading on November 17, 2022 and four options chains are now available to the public: December 2022, January 2023, February 2023 and May 2023.