Ascent Solar Technologies, Inc. Completes First Delivery of New, Increased Efficiency Material for Lifecycle Performance Capabilities Testing in Space Environments
18 Décembre 2023 - 1:30PM
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.
This initial evaluation is the first in a campaign of ongoing
high-fidelity lifecycle testing to simulate decades of continued
operations in space, informing the Company’s iterative development
paths to even higher efficiencies. Customers have chosen to fly
Ascent’s Plug & FlyTM arrays due to their requiring only a
fraction of the mass and volume to produce the same power as
alternatives. These weight and volumetric efficiencies are further
bolstered by Ascent’s recent efficiency breakthroughs, enabling
spacecraft to fly with even less dead weight, and potentially even
downsize to a smaller launch rideshare slot.
The planned tests for which Ascent is currently manufacturing
products will indicate just how much less area of solar arrays will
be needed to generate the end of life (EOL) power that each space
mission requires. This forthcoming test campaign will also allow
Ascent to further refine its products to be even more resilient and
longer-lived in the space environment.
“Having our technology perform better than expected on the ISS
through NASA’s MISSE-X experiment demonstrates the robustness of
our CIGS PV in the space environment,” said Paul Warley, CEO of
Ascent Solar Technologies. “Our objective with the upcoming series
of long-duration simulated tests is to quantify the degradation
rate of Ascent’s products over the course of even the most
demanding space missions that require consistent power generation
for decades at a time. The results of these tests stand to verify
and validate that Ascent’s products save dollars and kilograms for
the missions of today, and begin enabling the spacecraft of the
future.”
The space environment in the orbits around which satellites
operate is an off-worldly, harsh landscape that deteriorates their
ability to properly function over time. Satellite electronic
systems are especially vulnerable to the vacuum temperature
extremes of space and the doses of radiation received as spacecraft
circle the Earth or venture deeper into space. Consequently, those
designing space missions must ensure that their spacecraft are
engineered to be able to produce sufficient power over the entirety
of their mission. This is the reason why many of today’s typical
multi-year missions are so over-designed, to the extent that
spacecraft are being flown using multiples of the power they will
require at the mission’s end. At-launch costs run thousands of
dollars per kilogram just to reach low Earth orbit (LEO). Since
delivering to higher energy orbits are orders of magnitudes more
costly, there is a significant financial burden driven by solar
arrays as they are one of the most massive subsystems on a
spacecraft.
Ascent’s extensive test and evaluation program aims to reveal
how many kilograms the Company can save mission directors and
managers on their spacecraft mass budgets while simultaneously
preserving ample margins on their EOL power budgets, even in deep
space. This would also allow Ascent to demonstrate how much longer
hosted payload providers can anticipate being able to generate
revenue, or allow future condosat engineers to know for how many
customer payload life-cycles that their spacecraft can assuredly
generate enough power for on-orbit serviceable customer payloads.
If its solar modules are proven capable of reliably producing power
for decades on-orbit, Ascent may revive the feasibility of business
models that had previously been considered science fiction, such as
Lunar power stations or Dyson Spheres.
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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