Ascent Solar Completes Delivery of Another Major Contract and Announces Improved Second Quarter and First Six-Months Financial Results for 2022
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Monday, August 15, 2022
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The Company successfully delivered on a major contract in June 2022 for its HyperLight thin-film modules designed for high altitude platform (HAP) applications.
Key Points:
- The Company successfully delivered on a major contract in June 2022 for its HyperLight thin-film modules designed for high altitude platform (HAP) applications.
- Boosted by the large contract delivery, net revenue for the second quarter of 2022 increased by approximately 68%, from $0.38M in the corresponding quarter in 2021 to $0.64M.
- Ascent Solar Technologies, Inc., is a developer of thin-film photovoltaic modules using flexible substrate materials that are more versatile and rugged than traditional solar panels.
- No information in this press release should be construed as any indication whatsoever of our future revenues, stock price, or results of operations.