$ASTI Ascent Solar Technologies Announces Debt Pay Off for Outstanding Balances

THORNTON, Colo. - Sept. 30, 2024 - PRLog -- Developer of Innovative, High-Performance, Flexible Thin-Film Solar Panel Technology.

Applications in Environments Mass, Performance, Reliability, and Resilience.

40 years of R&D, 15 years Manufacturing, Numerous Awards and a Comprehensive IP and Patent Portfolio.

Products Used in Space Missions, Aircraft Installations, plus Industrial/Commercial Construction and Consumer Products.

Revision of Share Structure to Support Continued Nasdaq Listing and Enhance Future Corporate Growth Plans in the Aerospace Industry and More.

Debt Pay Off for Outstanding Balances on Financing Agreement.

Collaboration with University of Stuttgart IGTE for the Development and Distribution of Sustainable Power Generation Technology.

Ascent Solar Technologies, Inc (StockSymbol: ASTI) is backed by 40 years of R&D, 15 years of manufacturing experience, numerous awards, and a comprehensive IP and patent portfolio. ASTI is a leading provider of innovative, high-performance, flexible thin-film solar panels for use in environments where mass, performance, reliability, and resilience matter. ASTI 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. The ASTI research and development center and 5-MW nameplate production facility is strategically located in Thornton, Colorado.

ASTI Details Financial and Industry Status

On August 13^th ASTI CEO Paul Warley commented on the company's strong positioning withing the solar technology and aerospace industry.  He stated: "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."

ASTI has recently revised its public trading share structure to assist in its efforts to meet the Nasdaq continued listing standards and to continue to have its common stock remain listed and traded on Nasdaq.

Ascent Solar Technologies Announces Debt Pay Off for Outstanding Balances

On June 21^st ASTI provided a corporate update on the Securities Purchase Contract with an institutional investor previously disclosed on December 19, 2022. ASTI paid off the remaining institutional investor's notes payable and related liabilities. No further obligations exist under the December 19, 2022, Securities Purchase Contract.

Collaboration with University of Stuttgart IGTE for the Development and Distribution of Sustainable Power Generation Technology

On May 16^th ASTI announced it has begun developing prototype solar arrays in collaboration with the University of Stuttgart Institute for Building Energetics, Thermotechnology and Energy Storage (IGTE), an international research center focused on energy storage, renewable energies and indoor climate technology.

The IGTE mission is to "research and teach for comfortable living and working conditions in buildings and quarters in harmony with energy efficiency, sustainability and technology. Particular emphasis is placed on renewable energies…and using top-tier scientists to develop sustainable solutions for the global transformation of energy systems." Since its establishment in 2018 the IGTE has continued to expand and develop innovative solutions for energy generation and storage with the intent for wide scale distribution and adoption.

Learn more about on $ASTI at: https://www.ascentsolar.com https://compasslivemedia.com/asti/

Media Contact
Company Name: Ascent Solar Technologies, Inc
Contact Person: Paul Warley, CEO
Email: sales@ascentsolar.com
Phone: (720) 872-5000
Country: United States
Website: https://www.ascentsolar.com

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