Powering the Next Frontier of the $1 Trillion Space Economy: Ascent Solar Technologies (N A S D A Q: ASTI)
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THORNTON, Colo. - Washingtoner -- The race to dominate the rapidly expanding $1 trillion global space economy projected by 2040 is accelerating — and Ascent Solar Technologies, Inc. (N A S D A Q: ASTI) is emerging as one of the most intriguing players to watch. With over 40 years of R&D, 15 years of manufacturing experience, and a robust intellectual property portfolio, Ascent Solar is redefining how energy is generated and sustained in the most extreme environments — from the depths of the ocean to the far reaches of space.

Revolutionizing Power for Space and Beyond

Ascent Solar's hallmark innovation lies in its high-performance, flexible thin-film photovoltaic (PV) solar panels. Designed for environments where mass, reliability, and resilience matter, ASTI's technology has already been successfully deployed on space missions, aircraft, agrivoltaic projects, commercial buildings, and consumer applications.

The company operates a 5-MW nameplate production facility and advanced R&D center in Thornton, Colorado, serving as the hub for innovation that's now attracting key partnerships across the aerospace and defense sectors.

Expanding Mission Longevity Through Partnership with CisLunar Industries

On November 6, Ascent Solar announced a teaming agreement with CisLunar Industries, a developer of cutting-edge hardware and control software for power conversion and conditioning.

The collaboration will unite Ascent's proven thin-film PV technology with CisLunar's power conversion systems to create durable, long-lasting energy solutions for spacecraft — a breakthrough that could extend mission durations for NASA, the U.S. Department of Defense, Space Force, and other national security stakeholders.

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As global space agencies race to develop shipment-ready, energy-efficient technologies, this partnership positions ASTI as a key enabler of next-generation spaceflight power systems.

Testing Solar Durability in the Deep Sea and Power Beaming in Space

Demonstrating its adaptability, ASTI has delivered its thin-film PV modules to an ocean monitoring company developing autonomous underwater vehicles capable of reaching any point in the ocean. Simultaneously, a space power beaming company is testing ASTI technology for satellite-to-satellite energy transmission — a step toward continuous, wireless space-based power networks.

These tests validate ASTI's commitment to pushing the limits of solar technology in the most demanding terrestrial and extraterrestrial environments.

Strategic Alliance with Defiant Space Corp: A New Chapter in Defense and Space

ASTI's September 17 partnership with Defiant Space Corp marks a pivotal expansion into the global defense and national security market. Together, the companies will combine Defiant's mission-focused space solutions with ASTI's space-proven thin-film solar technology to deliver resilient and cost-effective systems for U.S. and allied defense sectors.

This collaboration extends beyond U.S. borders, targeting opportunities with NATO and Five Eyes nations, further cementing ASTI's role as a dual-use technology provider in the defense and commercial space industries.

Boosting Energy Storage with Emtel Energy USA

On September 16, ASTI signed a teaming agreement with Emtel Energy USA, a pioneer in graphene-based long-duration energy storage. The combination of Emtel's solid-state, high-agility energy storage systems with ASTI's solar panels offers a promising path toward continuous, high-density power generation for satellites, spacecraft, and other orbital infrastructure.

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Powering the Space Energy Grid with Star Catcher Industries

Earlier, on August 28, ASTI signed an MOU with Star Catcher Industries, which is developing the world's first space-to-space power beaming service. This partnership aims to improve ASTI's thin-film solar technology to integrate seamlessly with Star Catcher's system — potentially enabling up to 5–10 times more power for existing satellites without retrofitting.

Strong Growth Outlook

Ascent Solar's strategic partnerships and ongoing project integrations signal accelerating commercial momentum. The company projects 2026 revenues between $5 million and $20 million, with 2027 estimates reaching $25 million to $40 million — highlighting a path of rapid scalability driven by defense, aerospace, and industrial demand.

A Pivotal Moment for ASTI Investors

Backed by decades of R&D, proven applications across multiple sectors, and expanding strategic alliances, Ascent Solar Technologies (N A S D A Q: ASTI) stands at the convergence of space innovation, energy resilience, and sustainability. As the global race for extended mission endurance and renewable space power intensifies, ASTI is positioned to become a critical energy partner for both government and commercial space operators.

For more information, visit: www.ascentsolar.com
Media Contact:
Paul Warley, CEO
📧 sales@ascentsolar.com
📞 (720) 872-5000

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