THORNTON, Colo. - TelAve -- The global space economy is on track to surpass $1 trillion by 2040—and Ascent Solar Technologies, Inc. (N A S D A Q: ASTI) is positioning itself squarely at the center of this explosive growth.

With its advanced flexible CIGS thin-film photovoltaic (PV) blankets now integrated into the NOVI AI Pathfinder spacecraft scheduled for a Spring launch aboard a SpaceX Falcon 9 Transporter mission, ASTI is not just participating in the new space race—it is powering it.

🔥 ASTI Solar Blankets Integrated into NOVI AI Pathfinder for Upcoming SpaceX Launch

150 Watts of Power from a Toaster-Sized Spacecraft—A Game-Changing Efficiency Breakthrough

On February 25th, ASTI confirmed that its previously delivered flexible CIGS solar arrays have been successfully integrated into the NOVI Pathfinder spacecraft. This hyperspectral imaging satellite—roughly toaster-sized—will generate 150 watts of power, a level typically reserved for much larger and significantly more expensive spacecraft.

Thanks to ASTI's tightly rollable thin-film configuration:

• Minimized stowed volume
• Reduced launch weight
• Increased mission efficiency
• Lower overall constellation deployment costs

The NOVI mission will showcase GENIE™ (Geospatial Ecosystem for Near Real-Time Information at the Edge), an open-access, multi-sensor, edge-compute platform designed to deliver low-cost, low-latency Earth observation data and real-time geospatial intelligence.

As NOVI scales toward a broader constellation, ASTI's lightweight, high-output solar blankets could become a foundational power solution across the fleet—creating recurring commercial opportunities.

⚡ Next-Generation Power Beaming: ASTI Developing Solar Modules Capable of Generating Multiple Times More Power

Positioned to Enable Space Data Centers and In-Space Manufacturing

On February 5th, ASTI announced continued development of distributed power receiving products aimed at supporting the fast-emerging space-based energy beaming market.

Through:

• Internally funded R&D
• Collaborative Agreement Notice program work with NASA's Marshall and Glenn Research Centers
• Strategic partnerships including CisLunar Industries

ASTI is engineering CIGS modules capable of receiving both sunlight and distributed transmitted energy from power-beaming platforms.

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The implications are massive.

Emerging industries such as:

• Space data centers
• In-space manufacturing
• On-orbit infrastructure

Require substantial on-orbit power generation. ASTI's thin-film technology—manufactured in-house at its 5-MW Colorado facility—positions the company to supply these high-demand markets with scalable, lightweight, and resilient solutions.

CEO Paul Warley states that improved power-beaming efficiency could "enable profitable operations for space industry providers in emerging markets requiring substantial amounts of on-orbit power."

In short: ASTI isn't building incremental improvements—it's enabling entirely new business models in space.

💰 Capital Raised, Momentum Accelerating

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

On January 26th, ASTI announced definitive agreements for a private placement of up to $25 million, priced at-the-market under Nasdaq rules.

The offering structure included:

• 1,818,182 shares of common stock or warrants
• Additional short-term warrants
• Purchase price of $5.50 per share and accompanying warrants
• Exclusive placement agent: H.C. Wainwright & Co.

This capital strengthens ASTI's balance sheet as it scales production, advances R&D, and expands strategic partnerships.

Importantly, the raise follows a previously closed $5.5 million private placement—demonstrating investor appetite for ASTI's trajectory.

🛡️ Expanding Across Defense, Drones, and Advanced Energy Systems

Strategic Partnerships Driving Multi-Sector Growth

ASTI's momentum extends well beyond space.

Recent teaming agreements include:

• NovaSpark Energy – Lightweight power solutions for drones and terrestrial defense
• CisLunar Industries – Extending spacecraft mission duration in U.S. space markets
• Defiant Space Corp. – Expanding global defense and space opportunities
• Emtel Energy USA – Advancing thin-film PV energy storage capabilities
• Georgia Institute of Technology – UAV wing integration aimed at enabling continuous flight
• Delivery of thin-film PV tech to autonomous underwater vehicle developers capable of global ocean reach

These partnerships diversify ASTI's revenue pipeline across:

• Defense
• UAVs
• Maritime systems
• Energy storage
• Industrial and commercial applications

Few solar companies operate at the intersection of space, defense, and advanced mobility. ASTI does.

📈 Revenue Growth Outlook: Significant Acceleration Expected

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ASTI projects:

• 2026 Sales: $5 million to $20 million
• 2027 Sales: $25 million to $40 million

This anticipated ramp reflects growing commercial traction, constellation deployments, UAV integrations, and defense applications.

With 40 years of R&D backing its technology, 15 years of manufacturing experience, numerous awards, and a robust IP portfolio, ASTI has transitioned from development-stage innovation to commercialization-phase execution.

🏭 Domestic Manufacturing Advantage

5-MW Production Facility in Thornton, Colorado

ASTI's vertically integrated manufacturing facility allows:

• Rapid customization
• Commercial-off-the-shelf optimization
• Agile response to defense and civil mission timelines
• U.S.-based production alignment with domestic sourcing preferences

In an era of geopolitical supply chain scrutiny, domestic thin-film solar manufacturing is a competitive advantage.

🌍 Positioned for the $1 Trillion Space Economy

As governments and private companies race to build orbital infrastructure, communications networks, Earth observation systems, and in-space manufacturing platforms, power becomes the limiting factor.

ASTI's flexible, lightweight, resilient CIGS solar technology directly addresses that bottleneck.

With:

• Active spaceflight integration
• NASA collaboration
• Expanding defense partnerships
• Growing production capacity
• Fresh capital infusion
• Projected revenue acceleration

Ascent Solar Technologies is emerging as a critical enabler of next-generation space and defense systems.

Investor Takeaway

SpaceX's upcoming launch of the NOVI AI Pathfinder is more than a mission—it is a validation event.

ASTI's technology is not theoretical. It is integrated, flight-ready, and powering real spacecraft.

As the global space economy surges toward trillion-dollar scale, ASTI stands positioned to convert technological leadership into commercial growth.

For investors seeking exposure to advanced space infrastructure, next-generation solar technology, and defense-aligned manufacturing, ASTI represents a company transitioning from innovation to execution at precisely the right moment.

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

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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