Miami, FL – November 19, 2018 (EmergingGrowth.com NewsWire) — EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on Ascent Solar Technologies Inc. (OTC Pink: ASTI).
Ascent Solar Technologies, Inc. designs and manufactures photovoltaic integrated consumer electronics and portable power applications for commercial and military users. The company provides outdoor solar chargers, such as the XD-12 and the XD-48; high-voltage SuperLight thin-film CIGS PV blankets; and solar modules.
Average daily volume for ASTI is 721 thousand shares. Today’s news has caused the volume to increase to over 1.6 million shares in the morning hours of trading.
Ascent Solar Technologies, Inc. Press Release:
THORNTON, CO, Nov. 19, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – Ascent Solar Technologies, Inc. (ASTI), a developer and manufacturer of state-of-the-art, lightweight and flexible thin-film photovoltaic (PV) solutions, announces that the company’s ultra-lightweight thin-film PV has been selected by NASA Marshall Space Flight Center (MSFC) to participate in the MISSE-X (Materials International Space Station Experiment) flight experiment launched on 17 November 2018 aboard the NG CRS-10 mission. Details of the MISSE-X mission can be found at https://www.nasa.gov/mission_pages/station/research/experiments/2984.html.
NASA is evaluating ASTI’s flexible, ultra-lightweight, monolithically integrated photovoltaics (PV) based on the copper-indium-gallium-selenium (CIGS) chemistry for various missions, including CubeSats and future missions to the moon and Mars. Actual in-flight experience is invaluable for evaluating new technologies and NASA’s selection of ASTI’s PV is a critical path for entering the challenging space market. The MISSE-X, represents the 10th of a series of experiments that are deployed onto the International Space Station (ISS) for extended period of time to evaluate new materials, coating, and other components in actual flight conditions, and are then retrieved and returned to earth for evaluation. Since 2001, the MISSE project has tested 4,000 material samples and specimens – from lubricants and paints to fabrics, container seals and solar cell technologies – to demonstrate their durability in the punishing space environment. MISSE-X was launched on the morning of 17 November 2018 at 4:01am EST from the NASA Wallops Flight Facility in Virginia with subsequent docking at ISS anticipated on 19 November 2018. Video of the NG CRS-10 launch can be found at: https://youtu.be/B1dgCA0AWok.
“Our flight on MISSE-X represents a significant milestone towards the acceptance of our flexible, lightweight, monolithically integrated CIGS in the challenging and very discriminating space market,” stated Dr. Joseph Armstrong, Chief Technology Officer and founding team member of Ascent Solar. “Actual flight experience is crucial for these markets, and MISSE X allows us to demonstrate our monolithically-integrated flexible CIGS for the first time. We anticipate that the experiment will be attached onto the space station for a year or more and will be returned to earth for further evaluation. NASA MSFC has been working with us for several years on the development of our product for this challenging market, and the micro-modules developed for MISSE-X are a compact version of our normal space products that were designed to fit within the MISSE-X form factor.”
The new micro-module, in the size of 0.5 inch x 2 inch, has six (6) solar cells monolithically integrated in series but has all of the standard features of ASTI’s other larger modules. As such, it is ideal for evaluating the ASTI product in flight experiments that typically are space-limited. At this size, NASA is able to include several ASTI samples to be exposed to the same space conditions with different protective space coatings.
“We are extremely thrilled to be working with NASA Marshall Space Flight Center in transforming our lightweight CIGS PV into space-grade product,” said Victor Lee, President and CEO of Ascent Solar. “Developing a PV module capable of integrating into a deployable array for CubeSats and future exploration missions puts us in a very unique position in the industry to answer the needs of these future markets. This is a significant milestone for the company in our pursuit of the specialty, high-value PV market.”
ABOUT ASCENT SOLAR TECHNOLOGIES, INC.
Ascent Solar Technologies, Inc., an ISO 9001-2015 certified company, is a developer of thin-film photovoltaic modules using flexible substrate materials that are more versatile and rugged than traditional solar panels. 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 is headquartered in Thornton, Colorado, where the company’s quality management system has achieved ISO 9001:2015 certification. More information can be found at www.AscentSolar.com.
Forward Looking Statements
Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements.” 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. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as “believes,” “belief,” “expects,” “expect,” “intends,” “intend,” “anticipate,” “anticipates,” “plans,” “plan,” to be uncertain and forward-looking. 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.
Ascent Solar Technologies
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