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Thursday, August 11, 2022

Ascent Solar Technologies, Inc. (OTCMKTS: ASTI) Takes Off Fast

Ascent Solar Technologies, Inc. (OTCMKTS: ASTI) has been on the move up in recent days off its base at $0.05 a share. Volume has picked up as well ever since the Company announced it was selected by the U.S. Department of Energy (DOE), supported by the Office of Technology Transitions (OTT) Technology Commercialization Fund (TCF), for two exclusive development projects.

ASTI is an ex NASDAQ listed company and this ex big boards have a long history of making big moves on the OTCBB. ASTI has tons of potential; this is a company that used to manufacture battery and solar integrated phone cases designed for Apple and Samsung smartphones that recently announced a major breakthrough in power-to-weight ratio for its super light solar module.

Ascent Solar Technologies, Inc. (OTCMKTS: ASTI) bills itself as 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.

ASTI is the developer of award winning thin-film CIGS solar modules that are more flexible, versatile and rugged than traditional solar panels. They use plastic as their substrate rather than glass that’s used by tradition rooftop solar panels. The Company diversified into consumer goods as they could not compete with the low-cost Chinese solar panels in the traditional electricity generating segment.

Earlier this month ASTI reported results for the quarter and first half ended June 30, 2018. The Company posted net revenue of $103K for Q2 2018, an increase of approximately 310% from the corresponding quarter in 2017 of $25K. This brings our Year-to-date H1-2018 revenue to $480K, which also accounted for approximately 75% of the entire 2017’s reported revenue of $642K, and provided the Company a strong start leading into the second half of 2018.

the revenue increase reflects the progress that the Company has made in its strategically-valued markets since exiting from the EnerPlex(TM) branded consumer business in early 2017. The company has streamlined its operation to limit its consumer business to only e-commerce platforms and OEM models providing better economics; and, instead, focused more on the high-value specialty-PV market such as space and near-space, drones and the public sector, including military and emergency management applications.

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On August 27, ASTI announced the company has been selected by the U.S. Department of Energy (DOE), supported by the Office of Technology Transitions (OTT) Technology Commercialization Fund (TCF), for two exclusive development projects.

As part of the awards, worth up to $100,000 each, Ascent Solar is to work towards commercialization of sputtered Zn(O,S) buffers in flexible CIGS solar cells and also development of next-generation, high-efficiency Perovskite/CIGS Tandems cell. These projects are part of Ascent Solar’s plans for next-generation lightweight and flexible solar cells. The first project will utilize sputtered Zn(O,S) buffers, which will help reduce costs and would further improve the environmental friendliness of our CIGS manufacturing process. The Perovskite/CIGS tandem junction project is designed to significantly improve efficiencies and drive further cost reduction by enabling a more complete conversion of the solar spectral energy into electricity.

“These are challenging yet exciting projects,” says Dr. Lawrence Woods, Director and Head of Research & Development for Ascent Solar. “While there are challenges to be overcome with the use of perovskite based devices, with already proven high-efficiencies, we believe that Ascent Solar is well positioned to incorporate these materials into our large-scale roll-to-roll processing.”

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Currently trading at a $3.1 million market valuation ASTI has little cash and a lot of debt wihch has resulted in signifiacnt dilution here in the past. The Company reported $480k in sales for the 6 months ended June 30, 2018 up from $300k for the same period last year. But ASTI is an exciting story developing in small caps; this is an ex NASDAQ listed company and we all know how these ex big boards love to run. The company is also the developer and manufacturer of state-of-the-art, lightweight and flexible thin-film photovoltaic (PV) solutions and was just selected by the U.S. Department of Energy (DOE) for two exclusive development projects. 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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