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Wednesday, June 29, 2022

A Look Beyond the Surface: What’s Happening to Ascent Solar Technologies Inc (ASTI)

Ascent Solar Technologies (ASTI) stock price was skyrocketed on March 1, 2021, after NASA selected Ascent Solar Technologies for participation in two upcoming flight demonstrations – the Lightweight Integrated Solar Array and antenna (LISA-T) project and the Solar Cruiser solar sail project.

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The Chief Technology and Operating Officer of Ascent Solar, Dr. Joseph Armstrong said that are honored that our involvement with NASA over the years is leading to flight opportunities for our product on both LISA-T and Solar Cruiser.

The President and CEO of Ascent Solar Victor Lee said that they are thrilled to be working with both the LISA-T and Solar Cruiser projects in transforming our lightweight CIGS PV into a space-grade product, a high-value PV market that we have been focusing on.

Ascent Solar was formed in 2005, to commercialize leading-edge CIGS photovoltaic technology on a flexible, plastic substrate. Ascent’s unique monolithic integration process enables the highest level of efficiency, durability & weight savings representing the potential to transform the way solar power can be used in everyday life. Ascent Solar’s Research and Development and its 30 MW nameplate production facility is in Thornton, Colorado. Ascent Solar modules were named as one of the top 100 technologies in both 2010 and 2015 by R&D Magazine, and one of TIME Magazine’s 50 best inventions for 2011. The technology described above represents the cutting edge of flexible power and can be directly integrated into consumer products and off-grid applications, as well as other aerospace applications.

Ascent Solar modules were named as one of the top 100 technologies in both 2010 and 2015 by R&D Magazine, and one of TIME Magazine’s 50 best inventions for 2011.

Ascent’s Technology

Ascent’s flexible, ultra-lightweight, monolithically-integrated photovoltaics (PV) are based on the copper-indium-gallium-selenium (CIGS) chemistry. Ascent’s PV module has been undergoing extensive evaluation for years, including protracted and demanding ground simulation tests.

The upcoming LISA-T demonstration, part of NASA’s Pathfinder Technology Demonstrator 4 CubeSat slated for launch in 2022, will also include Ascent’s flexible CIGS as part of its further photovoltaic experiment.

Ascent’s other products

  • Ascent solar bare modules: These bare modules come in three different sizes. In the mini scale, mid-scale and large-scale size. These can be used for different applications due to availability in different sizes.
  • Ascent WS50 solar blanket: the lightweight and flexibility of this product make its integration easy in the most demanding environments. Its 50W power is enough to charge a large variety of electronic products
  • Ascent XD48 solar charger: It has 48 Watts of power to charge today’s high-capacity power banks. It can be used to charge both military and consumer electronics. The Weather-resistant of the solar charger makes it withstand the harshest conditions.
  • Ascent XD12 USB solar charger: this product is good to charge your devices at a fast pace because it comes with 2.0 Amp and 12 watts power. Its compact design is ideal for carrying it anywhere and can be used in harsh conditions due to its weather-resistant feature.

ASTI stock is up more than 90%as of March 1, 2021. The company saw a significant increase in stock price after the announcement. ASTI shares price reached up to $0.0658. the company shares surged over 222.55 in the last month. Over the last three months, ASTI, the stock value was increased over 7211.11%.

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