$ASTI Ascent Solar Technologies Details Financial
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Posted On: 08/14/2024 8:03:12 AM
$ASTI Ascent Solar Technologies Details Financial and Industry Status After Reverse Stock Split
August 13, 2024
THORNTON, Colo., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies (“Ascent” or the “Company”) (Nasdaq: ASTI), the leading U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today commented on its positioning withing the solar industry after its previously-announced reverse stock split, which takes effect before market open on August 15, 2024.
“By effecting the reverse stock split, we believe we have better positioned the company to succeed moving forward both in the near and long term. We have amassed enough liquidity to continue operations well into the first quarter of 2025, an important factor as we continue to pursue strategic partnerships and customer engagements within key industry verticals including space and aerospace,” said Paul Warley, CEO of Ascent Solar Technologies.
“As interest in solar technologies continue to grow throughout the space and aerospace industries, we believe Ascent’s thin-film solar PV technologies present a highly viable product offering that is ready for efficient application across multiple high-growth verticals. We have continued to expand our new business pipeline, while also achieving dramatic advancements in in our technology over the last year – both of which we see as positives for potential customers, as well as our current and prospective investors.”
About Ascent Solar Technologies, Inc.
Backed by 40 years of R&D, 15 years of manufacturing experience, numerous awards, and a comprehensive IP and patent portfolio, Ascent Solar Technologies, Inc. is a leading provider of innovative, high-performance, flexible thin-film solar panels for use in environments where mass, performance, reliability, and resilience matter. Ascent’s photovoltaic (PV) modules have been deployed on space missions, multiple airborne vehicles, agrivoltaic installations, in industrial/commercial construction as well as an extensive range of consumer goods, revolutionizing the use cases and environments for solar power. Ascent Solar’s research and development center and 5-MW nameplate production facility is in Thornton, Colorado. To learn more, visit https://www.ascentsolar.com
August 13, 2024
THORNTON, Colo., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies (“Ascent” or the “Company”) (Nasdaq: ASTI), the leading U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today commented on its positioning withing the solar industry after its previously-announced reverse stock split, which takes effect before market open on August 15, 2024.
“By effecting the reverse stock split, we believe we have better positioned the company to succeed moving forward both in the near and long term. We have amassed enough liquidity to continue operations well into the first quarter of 2025, an important factor as we continue to pursue strategic partnerships and customer engagements within key industry verticals including space and aerospace,” said Paul Warley, CEO of Ascent Solar Technologies.
“As interest in solar technologies continue to grow throughout the space and aerospace industries, we believe Ascent’s thin-film solar PV technologies present a highly viable product offering that is ready for efficient application across multiple high-growth verticals. We have continued to expand our new business pipeline, while also achieving dramatic advancements in in our technology over the last year – both of which we see as positives for potential customers, as well as our current and prospective investors.”
About Ascent Solar Technologies, Inc.
Backed by 40 years of R&D, 15 years of manufacturing experience, numerous awards, and a comprehensive IP and patent portfolio, Ascent Solar Technologies, Inc. is a leading provider of innovative, high-performance, flexible thin-film solar panels for use in environments where mass, performance, reliability, and resilience matter. Ascent’s photovoltaic (PV) modules have been deployed on space missions, multiple airborne vehicles, agrivoltaic installations, in industrial/commercial construction as well as an extensive range of consumer goods, revolutionizing the use cases and environments for solar power. Ascent Solar’s research and development center and 5-MW nameplate production facility is in Thornton, Colorado. To learn more, visit https://www.ascentsolar.com
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