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Sunday, August 1, 2021

Flexible Solar Modules Pioneer ASTI (Ascent Solar); New Leadership, Major Investment, Tubsolar, Fortsch, Crowdex – Swift Runner

ASTI a pioneer in Flexible Solar Modules is making a powerful run up the charts in recent months from well under a penny in December to recent highs of $0.097 per share. The stock has quickly attracted legions of new shareholders and is transforming into a volume leader in small caps trading $35 million in dollar volume on Wednesday alone. ASTI is ex Nasdaq and we have been reporting on the Company for years; back in 2017 we said of ASTI: “OTC speculators love ex big board stocks for their ready liquidity and proven ability to make spectacular moves once on the bb’s and ASTI certainly has potential; this is a company that manufactures battery and solar integrated phone cases designed for Apple and Samsung smartphones that recently announced record revenues as well as a major breakthrough in power-to-weight ratio for its superlight solar modules.” 

There are big things happening at ASTI, a Company at the right place at the right time as Solar Energy is currently seeing an enormous global boost. The Company recently received a $2.5 million investment from Bernd Fortsch via Crowdex, a well-known German entrepreneur worth hundreds of millions who has now become the controlling shareholder. Mr. Fortsch has quickly brought on a top-level management team of major international executives including Michael Gilbreth as CFO and Will Clarke as class 2 director.  On January 4 ASTI received an additional $2,500,000 investment from publicly traded German Company TubeSolar AG, a developer of photovoltaic thin-film tubes that are assembled into modules to enable additional application opportunities in solar power generation compared to conventional solar modules, particularly in the agricultural sector. ASTI CEO Victor Lee stated: “This marks the closure of our Phase I reorganization plan and begins a new era for Ascent Solar. We will continue to strengthen our balance sheet as we ramp up production to serve Tier-1 specialty PV markets in conjunction with satisfying the future demand of TubeSolar.” 

Ascent Solar Technologies, Inc., (ASTI: otc stock) develops, manufactures and sells solar solutions from bare modules to finished goods and everything in between. Ascent Solar owns a valuable patent portfolio including over 80 granted and pending patents. Headquartered in Thornton, Colorado) ASTI is a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV) 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.  

ASTI’s award winning thin-film CIGS solar modules 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.  

Microcapdaily has been reporting on ASTI for years ever since it was delisted from the big boards and trading well below $0.01. in 2017 we reported on ASTI stating: “ASTI was de-listed by the NASDAQ in February after the stock dipped below $1 level due to continued massive dilution. The Company recently affected a 1 for 20 reverse stock split that has ended with the stock hitting new lows once again. ASTI has tons of potential; this is a company that manufactures 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.” 

That dilution we spoke of in 2017 is gone. In December we reported on the change of control via the Crowdex transaction described in 8k’s filed 12/04 and 12/28 whereby Crowdex became majority owner of ASTI. Bernd Förtsch whose net worth is several hundred million Euros is 100% ownder of Crowdex making him the majority shareholder in ASTI. Bernd Förtsch is a German entrepreneur and publisher. He is the founder and owner of the Kulmbach- based Börsenmedien AG, which publishes, among other things, the stock exchange and financial magazines The Shareholder and The Investor. In addition, Bernd Förtsch is founder and owner of Aktionär TV AG and founder of the online broker flatex . Förtsch achieved notoriety above all in the context of the stock market euphoria of the Neuer Markt.  Mr. Förtsch is 60,3% owner of TubeSolar AG and he holds stakes in Companies such as BF Holding GmbH, Deposit Solutions GmbH, Flatex AG, the biggest online broker in Europe, valued at 1.2 billion Euros, Flatex Bank AG, Börsenmedien AG, Coreo AG, Fintech Group AG and many more. 

Image result for ASTI (Ascent Solar);As we stated above Ascent Solar owns a valuable patent portfolio including over 80 granted and pending patents and 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. For space and near-space applications, power-to-weight ratio is a key performance metric. In addition to simplicity, the Company’s 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. 

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ASTI

On January 6 ASTI announced the completion of Tranche 2 of the Series 1A Preferred Stock. On September 22, 2020, the Company entered into a securities purchase agreement (“Series 1A SPA”) with Crowdex Investment LLC, a private investor and sold 2,000 shares of Series 1A Preferred Stock to Crowdex in exchange for $2,000,000 of gross proceeds at initial Tranche 1 closing. On November 27, 2020, the Company issued to Crowdex a $500,000 Unsecured Convertible Promissory Note in a private placement and received $500,000 of gross proceeds from the offering of the Note. On December 31, 2020, the Company sold 500 shares of Series 1A Preferred Stock to Crowdex in exchange for the cancellation of the Note issued on November 27, 2020. There were no further cash proceeds from this closing. On January 4, 2021, the Company entered into another securities purchase agreement with TubeSolar AG, a developer of photovoltaic thin-film tubes that are assembled into modules to enable additional application opportunities in solar power generation compared to conventional solar modules, particularly in the agricultural sector. TubeSolar, headquartered in Augsburg, Germany, is a publicly traded company listed on the Dusseldorf Stock Exchange of Germany under the ticker code: 9TS.DU. Pursuant to the Series 1A Tranche 2 SPA, the Company sold 2,500 shares of Series 1A Tranche 2 Preferred Stock to TubeSolar and received $2,500,000 of gross proceeds on January 5, 2021. 

TubeSolar’s $2,500,000 investment will in the future providing it with a 15% interest in Ascent Solar after taking into account outstanding capital adjustments. Tubsolar stated this move aligns with its “second-source strategy”. More specifically, it brings another source of supply in addition to its existing European supplier for flexible copper indium gallium diselenide (CIGS) PV cells. 

TubeSolar AG has taken over the laboratory production of OSRAM/LEDVANCE in Augsburg as a spin-off and acquired the patents from LEDVANCE and Dr. Vesselinka Petrova-Koch. TubeSolar AG has been using this patent-protected technology since 2019 to develop and manufacture photovoltaic thin-film tubes that are assembled into modules and whose properties enable additional application opportunities in solar power generation compared to conventional solar modules. The technology will be used primarily in the agricultural sector, spanning agricultural production areas. In the next few years, it is planned to expand production in Augsburg to an annual production capacity of 250 MW. 

ASTI CEO Victor Lee stated: “I am pleased that despite the disruptions conferred by COVID-19, we have completed the full placement of the Series 1A Preferred Stock as part of Ascent’s recent restructuring and recapitalization efforts which began in early 2020. This marks the closure of our Phase I reorganization plan and begins a new era for Ascent Solar. We will continue to strengthen our balance sheet as we ramp up production to serve Tier-1 specialty PV markets in conjunction with satisfying the future demand of TubeSolar. Despite an extraordinarily difficult year in 2020, we are optimistic and look forward to stronger years ahead, as our high-value PV market focus begins to take shape. We will continue to update our shareholders regularly as we make continued progress.” 

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ASTI, a pioneer in Flexible Solar Modules is making a powerful run up the charts in recent months from well under a penny in December to recent highs of $0.097 per share. The stock has quickly attracted legions of new shareholders and is transforming into a volume leader in small caps trading $35 million in dollar volume on Wednesday alone. ASTI is ex Nasdaq and we have been reporting on the Company for years; back in 2017 we said of ASTI: “OTC speculators love ex big board stocks for their ready liquidity and proven ability to make spectacular moves once on the bb’s and ASTI certainly has potential; this is a company that manufactures battery and solar integrated phone cases designed for Apple and Samsung smartphones that recently announced record revenues as well as a major breakthrough in power-to-weight ratio for its superlight solar modules.” 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 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. Last year the US Department of Energy (DOE) used Ascent Solar modules for two exclusive development projects. Things are looking up for Ascent as Tesla looks to Solar to power its new gigafactory. There are big things happening at ASTI, a Company at the right place at the right time as Solar Energy is currently seeing an enormous global boost. The Company recently received a $2.5 million investment from Bernd Fortsch via Crowdex, a well-known German entrepreneur worth hundreds of millions who has now become the controlling shareholder. Mr. Fortsch has quickly brought on a top-level management team of major international executives including Michael Gilbreth as CFO and Will Clarke as class 2 director.  On January 4 ASTI received an additional $2,500,000 investment from publicly traded German Company TubeSolar AG, a developer of photovoltaic thin-film tubes that are assembled into modules to enable additional application opportunities in solar power generation compared to conventional solar modules, particularly in the agricultural sector. ASTI CEO Victor Lee stated: “This marks the closure of our Phase I reorganization plan and begins a new era for Ascent Solar. We will continue to strengthen our balance sheet as we ramp up production to serve Tier-1 specialty PV markets in conjunction with satisfying the future demand of TubeSolar.” Tesla has been looking at Solar to power their new gigafactory. 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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