© Reuters.
THORNTON, Colo. – Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a leading U.S. manufacturer of flexible photovoltaic (PV) modules, has been selected to provide solar products to NASA’s Lightweight Integrated Solar Array and AnTenna (LISA-T) mission . The launch is planned for this summer and aims to demonstrate the deployment of large-area networks on small, cost-effective spacecraft.
The LISA-T mission, part of NASA’s Pathfinder Technology Demonstrator (PTD) series, will test the capabilities of small spacecraft in orbit, with the fourth mission focused on power production. Ascent’s solar modules will play a critical role in providing three times more power than current alternatives within the same system envelope, helping meet the mission’s strict mass and power budgets.
Paul Warley, CEO of Ascent Solar Technologies, said the selection for the LISA-T mission is the result of the company’s extensive collaboration with NASA to meet the spacecraft’s high requirements. Mr. Warley highlighted that the mission was an example of a successful public-private partnership, propelling the use of innovative commercial technologies in government and commercial space initiatives.
Ascent’s involvement with NASA includes previous evaluations of its photovoltaic products on the International Space Station. The company’s modules, tested during the MISSE-X experiment, demonstrated the durability of their CIGS material in space. Further testing is planned with the MISSE payload during SpaceX’s 30th commercial resupply mission to the station in March.
The company’s expertise is backed by extensive R&D and manufacturing experience, as well as an extensive patent portfolio. Ascent’s solar panels have been used in a variety of applications, from space missions to consumer products.
Ascent Solar’s announcement is based on a press release.
Perspectives InvestingPro
Ascent Solar Technologies, Inc. (NASDAQ:ASTI) is preparing to showcase its solar products on NASA’s upcoming LISA-T mission. A review of the company’s financial health and market performance provides broader context for investors. According to data from InvestingPro, Ascent Solar has a market capitalization of $2.31 million, reflecting the company’s size and scale within the industry.
Advice from InvestingPro indicates that ASTI is operating with significant debt and burning through cash quickly, which could worry investors given the capital-intensive nature of the solar technology industry. The company’s share price movements have been quite volatile, which may suggest a higher risk profile for the stock.
Additionally, Ascent Solar’s stock has fallen significantly over the last year and is trading near its 52-week low. This could be an indicator of market sentiment toward the company’s prospects or a reflection of broader market conditions affecting the solar technology sector.
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2024-02-26 23:45:37
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