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THORNTON, Colo. - PennZone -- Provider of Innovative, High-Performance, Flexible Thin-Film Solar Panels for Environments Where Wass, Performance, Reliability and Resilience Matter.

Successful Applications in Space Missions, Aircraft, Agrivoltaic Installations, Industrial/Commercial Construction and Consumer Goods.

Development of CIGS PV Modules Capable of Generating Multiple Times More Power for Space Beaming.

Up to $25 Million Private Placement Priced At-The-Market.

Teaming Agreement with NovaSpark Energy on Lightweight, Reliable Power Solutions for Drone Powering and Other Terrestrial Defense Applications.

Teaming Agreement with CisLunar Industries to Bring Power Solutions that Lengthen Missions to U.S. Space Market.

Thin-Film PV Technology Delivered to Developer of Autonomous Underwater Vehicles Capable of Reaching Anywhere in the Ocean.

Strategic Partnership with Defiant Space Corp. to Advance Global Defense and Space Market Opportunities.

Teaming Agreement with Emtel Energy USA to Advance Thin-Film PV Energy Storage Capabilities.

Projections for 2026 Sales to Reach $5 Million to $20 Million, and 2027 Sales to Achieve $25 Million to $40 Million.

Ascent Solar Technologies, Inc. (N A S D A Q: ASTI) is backed by 40 years of R&D, 15 years of manufacturing experience, numerous awards, and a comprehensive IP and patent portfolio. ASTI is a leading provider of innovative, high-performance, flexible thin-film solar panels for use in environments where mass, performance, reliability and resilience matter. ASTI 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. The ASTI research and development center and 5-MW nameplate production facility is strategically located in Thornton, Colorado.

ASTI Spurs Development of CIGS PV Modules Capable of Generating Multiple Times More Power for Space Beaming

On February 5^th ASTI announced its plans to continue development of distributed power receiving products in 2026 to account for growing demand for space-based energy beaming technologies.

These ASTI development efforts include both internally funded research and development as well as continued Collaborative Agreement Notice program work with the NASA Marshall Spaceflight Center and Glenn Research Center, which is on schedule to successfully conclude this spring. ASTI plans to present the results of these development programs at select space industry conferences to be announced later this year.

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These solar module technology advancements are uniquely enabled by ASTI in-house manufacturing capabilities at its 5-MW production facility in Thornton, Colorado. The facility allows for ASTI commercial-off-the-shelf CIGS PV products to be further optimized in order to be able to receive both sunlight in addition to more distributed power from a number of transmission sources and providers such as Star Catcher Industries.

ASTI further plans for continued technology progression through partnerships like that with Cislunar Industries that stand to effectively enable spacecraft to generate and utilize multiple times more power with a solar array of any given size.

"Through the increased efficiency in power beaming capabilities that Ascent's product developments will achieve, our thin-film solar offerings will better enable profitable operations for space industry providers in emerging markets that require substantial amounts of on orbit power, like space data centers or in-space manufacturers," said Paul Warley, CEO of ASTI. "Ascent has already built relationships and completed deliveries to multiple companies within these burgeoning industries. As these nascent market segments continue to grow, we expect to be a major technology solutions provider in the space."

Up to $25 Million Private Placement Priced At-The-Market Under Nasdaq Rules

On January 26^th ASTI announced that it has entered into definitive agreements for the purchase and sale of an aggregate of 1,818,182 shares of common stock or warrants to purchase up to 1,818,182 shares of common stock and short-term warrants to purchase up to 909,091 shares of common stock at a purchase price of $5.50 per share of common stock and accompanying warrants in a private placement priced at-the-market under Nasdaq rules. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

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2025 Achievements and Milestones with Outline for 2026 Strategy and Goals

On January 22nd ASTI commented on the commercial progress, industry partnerships and solar PV efficiency improvements it achieved in 2025, as the Company's leadership team looks ahead to continued corporate growth in 2026.

"Over the last year, we've seen where the market is headed and positioned our thin-film solar offerings accordingly. The defense industry has displayed an increasing demand for efficient, readily available technologies; we have made ourselves an ideal provider by offering a highly efficient product, produced in the United States, that is ready for rapid delivery," said Paul Warley, CEO of ASTI. "We expect to maintain this momentum throughout the year by meeting with more potential partners and achieving even greater efficiency milestones. Our thin-film product is uniquely qualified to withstand the rigors of space and other punishing environments; as the market demand grows, we expect increased sales and revenue in 2026."

ASTI milestones and achievements included:

Initiating new strategic partnerships and teaming agreements with NovaSpark, Emtel Energy, CisLunar Industries, Defiant Space, Star Catcher Industries, NOVI Space, and more, to meet mutually beneficial commercial goals in the defense industry and beyond;

Establishing rapid product delivery capabilities to meet the swift needs of civil and defense space missions;

Advancing its thin-film PV product's capabilities, including its space-based power beaming abilities, marine environment durability, hydrogen production through field-based hydrolyzers, and more;

Partnering with the Georgia Institute of Technology to apply thin-film technology to unmanned aerial vehicle (UAV) wings for a demonstration aiming to enable continuous flight for ocean monitoring via sea plane vehicles.

ASTI aims to build upon this positive business momentum in 2026 via:

Beginning the year with an aggressive production schedule to deliver on existing orders for array deployments planned for Q1 2026;

CEO Paul Warley conducted business travel to Europe in January to liaise with strategic players to establish potential partnerships and customer relationships;

Developing and delivering UAV arrays for European partners in the first half of the year;

Further advancing the efficiency of ASTI CIGS thin-film technology;

Continued advanced environmental testing through Q1 2026 to quantify performance in the extremes of space, including radiation and atomic oxygen resilience testing; and further building upon the partnerships established in 2025 to meet mutually beneficial goals.

For more information on $ASTI visit: https://www.ascentsolar.com

Media Contact
Company Name: Ascent Solar Technologies, Inc (N A S D A Q: ASTI)
Contact Person: Paul Warley, CEO
Email: sales@ascentsolar.com
Phone: (720) 872-5000
Country: United States
Website: https://www.ascentsolar.com

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