Solar Cruiser

Ascent Solar Completes Delivery of Another Major Contract and Announces Improved Second Quarter and First Six-Months Financial Results for 2022

Retrieved on: 
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.

Ascent Solar Files 2021 10-K and Reports Full Year 2021 Financial Results

Retrieved on: 
Tuesday, March 15, 2022
SEC, ASTI, Time (magazine), Solution, Technology, GLOBE, International Space Station, Board of directors, Invention, Ascent, Conference, Solar Cruiser, Spaceflight, CFO, COVID-19, Assembly of the International Space Station, Security (finance), D Magazine, Chicago Innovation Awards, Board, Defense, JAXA, Company, Advantage Business Media, CEO, CO, Aviation, U.S. Securities and Exchange Commission, TIME, Antenna, R, Marshall Space Flight Center, Renewable energy, Silviculture, Ascent Solar

Full Year 2021 Financial Summary:

Key Points: 
  • Full Year 2021 Financial Summary:
    Revenue for the year 2021 was $608K, an increase of $541K, or 812%, from 2020.
  • Cash balance improved greatly from $0.17M as of December 31, 2020 to approximately $6M at the close of the year ended December 31, 2021.
  • 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.
  • Ascent Solar modules were named as one of the top 100 technologies by R&D Magazine, and one of TIME Magazine's 50 best inventions.

Blue Canyon Technologies Selected by Ball Aerospace to Provide Spacecraft Bus for NASA Solar Cruiser Program

Retrieved on: 
Monday, November 15, 2021
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Small satellite manufacturer and mission services provider Blue Canyon Technologies LLC ("BCT" or "Blue Canyon"), a wholly-owned subsidiary of Raytheon Technologies Corporation (NYSE: RTX), was selected by Ball Aerospace to develop a standardized X-SAT Venus ESPA-class microsatellite bus and several custom components to enable an upcoming one-of-a-kind mission with NASA for the Solar Cruiser project.

Key Points: 
  • Small satellite manufacturer and mission services provider Blue Canyon Technologies LLC ("BCT" or "Blue Canyon"), a wholly-owned subsidiary of Raytheon Technologies Corporation (NYSE: RTX), was selected by Ball Aerospace to develop a standardized X-SAT Venus ESPA-class microsatellite bus and several custom components to enable an upcoming one-of-a-kind mission with NASA for the Solar Cruiser project.
  • Ball Aerospace will perform several mission-critical functions, including the integration and test of the satellite bus with the solar sail system that will form the completed Sailcraft.
  • According to NASA, Solar Cruiser will mature solar sail propulsion technology to enable near-term, compelling space science missions for NASA and the nation.
  • "Our high-performing spacecraft, components and systems are designed to meet each missions specific needs," said Stephen Steg, CEO of Blue Canyon Technologies.

Ascent Solar Custom-Designed PV Demonstrated Exceptional Device Stability Retaining up to 92% of Original Power During Space Flight Experiment

Retrieved on: 
Thursday, October 21, 2021
NASA, International Space Station, Ascent, Radiation, Invention, Technology readiness level, Industry, Moon, Time (magazine), CO, CubeSat, Security (finance), D Magazine, U.S. Securities and Exchange Commission, TRL, ISS, TIME, MISSE, CIGS, BOL, OH, Solar Cruiser, Company, PV, Materials International Space Station Experiment, ASTI, CEO, R, Solution, GLOBE, Orbit, Advantage Business Media, Renewable energy

The NASA MSFC data results correlated with the performance of the International Space Station (ISS) in relation to the MISSE-X flight experiment.

Key Points: 
  • The NASA MSFC data results correlated with the performance of the International Space Station (ISS) in relation to the MISSE-X flight experiment.
  • This flight experiment resulted in Ascents PV retaining 92% of its beginning of life (BOL) power, exceeding the NASA MSFC ground data predictions for approximately one year in orbit.
  • 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.
  • Ascent Solar modules were named as one of the top 100 technologies by R&D Magazine, and one of TIME Magazine's 50 best inventions.