Ascent Solar provides 1H balance and 2H strategy

Ascent Solar (ASTI) commented on its commercial progress and solar material development in the first half of 2025, as well as the company’s expectations of growth and advancement in the second half of the year. Key Company milestones and achievements from the first half of 2025 include: entering into a collaborative agreement notice with NASA to advance the development of Ascent’s thin-film PV power beaming capabilities; announcing the pricing of a $2M public offering of shares which provides liquidity into 2026; the design and delivery of rapidly customized thin-film solar solutions with a series of new partners; reaching record new efficiency of 15.7% at production scale for Ascent’s CIGS solar technology; efforts to co-develop a unique deployment architecture using well established actuated tape technology commonly used on orbit. Ascent plans to build upon these achievements throughout the remainder of the year through securing additional supply agreements with space partners and customers, the co-development and release of full plug and fly solutions with integrated structure power solutions, advancing the development of space optimized encapsulation strategies for use in VLEO, LEO, and GEO with higher education, agency and private entity partnerships and the attendance of future events.