Ascent Solar Technologies, Inc. (OTCMKTS:ASTI) got a boost after the Company announced it has been selected by PowerKeep, in partnership with Energizer®, one of the world’s largest manufacturers of primary batteries, portable flashlights and lanterns, to develop and supply solar panels to the PowerKeep™ line of solar products.
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.
Ascent Solar Technologies, Inc. (OTCMKTS:ASTI) is a solar company that manufactures solar integrated consumer products as well as portable power charging solutions. ASTI products are sold through the brand name EnerPlex online, through retail and a network of kiosks.
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.
Last month 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.
On September 13 ASTI announced the Company has been selected by PowerKeep, in partnership with Energizer®, one of the world’s largest manufacturers of primary batteries, portable flashlights and lanterns, to develop and supply solar panels to the PowerKeep™ line of solar products.
“The Energizer brand is immediately recognizable worldwide, and we are gratified to have earned the opportunity to be selected as the PV developer,” said Victor Lee, President & CEO of Ascent Solar. “Working with a company with such established brand equity will enable Ascent to serve not the only consumer market for mobility power, but also the currently untapped potential of commercial mobility power markets in North America.”
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Currently trading at a $14 million market valuation ASTI is one exciting story in small caps that would be trading on the NASDAQ for multiple dollars a share if it were not for the massive dilution that has continued to plague shareholders and is the cause of the recent reverse stock split. Once dilution is over there is a ton to get excited about here; ASTI 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. 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.