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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.

Research and Development Center and 5-MW Nameplate Production Facility Strategically Located in Thornton, Colorado.

Multiple Strategic Partners in the Space Market, Including a Major Defense Contractor, Multiple Deployable Technology Companies and a Satellite Company.

Spaceflight-Ready PV Blankets Rapidly Delivered to European Space Systems Provider in Record Two Weeks for Mission Launch This Year.

Important New Order for Advanced Space PV Module Design Revision.

Successful Testing of Thin Film CIGS Solar Tech Expected to Secure Long-Term Agreements with a Diverse Set of Customers in the Space Market.

Ascent Solar Technologies, Inc. (Stock Symbol: 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.

Spaceflight-Ready PV Blankets Delivered to European Space Systems Provider in Record-Breaking Two Weeks for Launch This Year

On March 28^th ASTI announced the delivery of spaceflight-ready PV blankets to a leading European space systems provider, enabling an innovative new capability for making spacecraft lighter and more powerful. The ASTI PV blankets are expected to be flown to space later this year.

ASTI flexible CIGS PV design allows the delivered space solar array products to provide mission-enabling rollability within challenging mass and volumetric constraints. Qualification test and spaceflight operational data is expected to be made available to prospective customers as available as part of the ASTI Hardware Developer Kit program, aimed at making it easier for space mission managers and spacecraft engineers to unlock both mass savings and increased performance with Plug & Fly™ solar array hardware assemblies.

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"This space systems partner approached us with tough mission requirements that needed to be met in less than four weeks," said Paul Warley, CEO of ASTI. "Thankfully, our technology's unique design allows for swift customization for situations like these. Opportunities like this will be instrumental as we continue to expand our presence in Europe's growing space market."

ASTI spaceflight-proven, high-TRL solar array products allow for rapid customization and short delivery timelines, thanks to its 5 MW production facility and refined manufacturing processes. This partnership enables the European space systems provider to leverage ASTI expertise, reducing both mission risk and cost.

New Order Received for Advanced Space PV Module Design Revision

On March 27^th ASTI announced an order to revise the design of its space solar products after being evaluated by a potential customer interested in technologies capable of receiving beamed power.  ASTI CIGS PV products have undergone performance testing by multiple third parties evaluating technologies for receiving beamed power. An initial beamed-power optimized module was designed, prototyped, and delivered to multiple third parties for testing and evaluation in less than one month's time.

Analysis of both the ASTI preliminary commercial off-the-shelf CIGS PV module and the beamed power optimized CIGS PV module prototype test data validated ASTI CIGS PV material's superior thermal properties and demonstrated a pathway to further increase performance and power output. This design iteration was the basis of the most recent order received for the enhanced prototype after additional testing. ASTI is now fine-tuning module design modifications.

ASTI ability to quickly design, iterate, and refine space solar array products in its 5MW manufacturing facility demonstrates the reliable Manufactured Readiness Levels (MRLs) for current and prospective customers. ASTI is differentiated from traditional space solar providers' silicon-based PV products, as their CIGS manufacturing process allows design features and production processes to be adjusted for each customer's application needs. These agile and bespoke design capabilities enable ASTI to provide superior products relative to other prospective solar providers, meeting the needs of global customers as the space-based solar power market expands.

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Business Update on Progress to Establish Long-Term Revenue Through Space Solar Solutions Underway

On March 18^th ASTI reported on its commercial progress and achievement of stated annual goals as the Company continues to execute upon its 2025 growth initiatives.

ASTI is currently engaged with multiple strategic partners in the space market, including a major defense contractor, multiple deployable technology companies, as well as a satellite company to complete extensive integration testing of the Company's unique thin-film CIGS solar technology. The expected result of successful testing and integration of ASTI technology is to secure long-term agreements for consistent annual revenue with a diverse set of customers in the space market.

"I am happy to report that Ascent's challenging turnaround process is in the rear-view mirror, as our products now regularly achieve the higher device performance needed to meet customer needs for space-based power," said Paul Warley, CEO of ASTI. "Our latest solar efficiency milestones are opening new revenue streams driven by the increasing demand to power space vehicles and beam solar energy. Ascent products - all produced domestically in our facility in Thornton, CO - are uniquely poised to reliably meet that demand in the harsh environment of space, reducing costs and increasing operational efficiency for customers in the public, private and government sectors."

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

Media Contact
Company Name: Ascent Solar Technologies, Inc
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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