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Ascent Solar Technologies to Deliver PV Module for Evaluation to Satellite Manufacturer -- Shares Rise
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Ascent Solar Technologies to Deliver PV Module for Evaluation to Satellite Manufacturer -- Shares Rise
May 14, 2024 9:51 AM

12:22 PM EDT, 05/14/2024 (MT Newswires) -- Ascent Solar Technologies ( ASTI ) said Tuesday it has secured a firm order for its photovoltaics modules for evaluation from a major satellite manufacturer.

These modules will be tested for integration into the satellite manufacturer's latest hardware, intended for low Earth orbit.

Ascent plans to collaborate with the customer on Plug and Fly arrays, aiming for delivery as early as between Q4 2024 and Q1 2025. These arrays will offer primary power to the satellites, reduce number of parts, weight, and system complexity.

Financial details of the order were not disclosed.

Ascent shares were up more than 7% in recent trading.

Price: 0.11, Change: +0.01, Percent Change: +7.37

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