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Sunday, May 22, 2022

A Close Look at Ascent Solar Technologies, Inc. (OTCMKTS:ASTI)

Ascent Solar Technologies, Inc. (OTCMKTS:ASTI) started trading on the OTC last week and has quickly established itself as one of the top traded stocks on the entire exchange. BB speculators love ex big board stocks like ASTI for their ready liquidity and ability to make spectacular gains once trading on the bb’s.

ASTI was notified by The NASDAQ Stock Market LLC that its pending appeal before the NASDAQ Listing Qualifications Hearing Panel had been denied, and that trading in the Company’s common stock will be suspended on NASDAQ effective with the open of business on Thursday, February 25, 2016. ASTI had been in steep decline for quite some time now as significant dilution has decimated the share price.

Ascent Solar Technologies, Inc. (OTCMKTS:ASTI) is a developer of award winning thin-film photovoltaic modules with substrate materials that are more flexible, versatile and rugged than traditional solar panels. Ascent Solar modules can be directly integrated into consumer products and off-grid applications, as well as aerospace and building integrated applications. EnerPlex is the Company’s brand of consumer products and is a division of Ascent Solar.

Ascent Solar deals primarily in accessories for smartphones including battery and solar integrated cases.WaveSol Mobile is uniquely versatile in enabling integration into a variety of end products. The “Fringe” modules can be easily sawn into textile products. Modules are “adhesive-ready”. WaveSol Mobile is a perfect match for 12-volt battery charging.ASTI products are made to generate power anywhere and the Company just announced 2 new product lines.

On February 8 ASTI announced it has achieved a major breakthrough in power-to-weight ratio for its superlight solar module, delivering over 1700 watts of power per kilogram, operating at AM0, technically known as the space environment. At this performance, Ascent’s superlight module would weigh 66% less than a comparable PV system using the highest-quality crystalline silicon and with far less design complexity. The elimination of two-thirds of the weight is a critical improvement for satellites, space vehicles and space stations.

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For space and near-space applications, power-to-weight ratio is a key performance metric. In addition to simplicity, our modules could dramatically impact cost. Depending on the application, such as low earth orbit all the way to manned flights, including contemplated missions to Mars, the fully burdened cost can be anywhere from thousands of dollars to $1 Million per pound for a space launch. By creating this superior module with the best power-to-weight ratio of any available product, Ascent has enabled entrance into the rapidly growing space and near space markets.

ASTI cofounder Dr. Joseph Armstrong said “There are several exciting aspects of this major breakthrough that make it significant for Ascent Solar. Ascent’s proprietary technology and unique manufacturing approach is ideally suited for space and near-space applications, as we are the only producer that utilizes both flexible copper-indium-gallium-selenide (CIGS) PV and monolithic integration. Our flexible substrate is the lightest of any in production, and monolithic integration results in a cell layout that is ideal for high intensity sunlight found in the space environment.

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Currently trading at a $13 million market valuation ASTI has been plagued by dilution after they completed $7 million of a newly designated Series F 7% Convertible Preferred Stock to existing investor Redwood Management LLC. At the same time ASTI has plenty to be excited about and many speculators are looking at current levels as significantly undervalued; the Company just announced a major breakthrough in power-to-weight ratio for its superlight solar module, delivering over 1700 watts of power per kilogram and to be sure these ex big board stocks have a long history of big moves once on the bb’s and ASTI has all the elements in place to make one of its own. We will be updating on ASTI as events unfold so make sure you are subscribed to Microcapdaily so you know what is going on with ASTI.

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Disclosure: we hold no position in ASTI either long or short and we have not been compensated for this article.

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