Ascent Solar Technologies, Inc. ASTI

What this company does

Ascent Solar Technologies, Inc. ("Ascent") is a solar technology company that manufactures and sells photovoltaic ("PV") solar modules that are flexible, durable, and possess attractive power to weight and power to area performance. Ascent's technology provides renewable power solutions to high-value production and specialty solar markets where traditional rigid solar panels are not suitable, including space power beaming, aerospace, satellites, near earth orbiting vehicles, fixed wing unmanned aerial vehicles ("UAV"), aquatic, terrestrial, and other weight-sensitive markets. The Company manufactures its products by affixing a thin CIGS layer to a flexible, plastic substrate using a large format, roll-to-roll process that permits it to fabricate flexible PV modules in an integrated sequential operation. The Company believes it is the only company in the world currently focused on commercial scale production of PV modules using CIGS on a flexible, plastic substrate with monolithic integration. The Company's technology was initially developed at ITN beginning in 1994, and in early 2006 ITN assigned to the Company certain CIGS PV-specific technologies and granted a perpetual, exclusive, royalty free, worldwide license to use these technologies in connection with the manufacture, development, marketing and commercialization of CIGS PV to produce solar power. The Company was formed in October 2005 from the separation by ITN of its Advanced Photovoltaic Division and all of that division's key personnel and core technologies.

Written from the business description in Ascent Solar Technologies, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 20 March 2026. Every sentence was checked against that document before publication.