Ascent Solar Develops Titan: A Solar Module Optimized for Space using 17.55% Record Efficiency Technology; Eyes Q1 for Initial Product Deliveries
02 Noviembre 2023 - 6:00AM
Ascent Solar Technologies, (Nasdaq: ASTI) (“ASTI” or the
“Company”), the leading U.S. innovator in the design and
manufacture of featherweight, flexible, and durable CIGS thin-film
photovoltaic (PV) solutions, announced today that it will soon
release a newly developed solar module – Titan – that is optimized
for use in a space environment, possessing a record power output of
17.55% efficiency. The product is expected to ship as early as Q1
2024.
Titan will be the first standardized product
specially designed for space with a specific power of 2100 W/kg,
coupled with best-in-class resilience and flexibility feature. The
Titan module is approximately one square foot in size, 10 grams in
weight, and possesses a target output of 17 watts. Like all Ascent
solar modules, Titan can be used alone or configured into an array,
enabling an easy Plug & FlyTM approach for customers to meet
mission specific power and voltage needs.
Titan modules will be the standard building
block for Ascent’s line of Space Hardware Developer Kits (HDKs),
the Company’s integrated array product offerings that are available
in body-mounted, foldable deployable, and rollable deployable
configurations. Titan modules are approximately one-foot square
sheets, representing a solution that is significantly larger than
the typical rigid silicon solar PV cells which are the size of
business cards. This drastic part count reduction allows integrated
arrays to require less clean room labor and other resources during
spacecraft assembly, integration, and test (AIT).
“Our new Titan modules are optimized for
efficiency across production, power generation, and spacecraft
integration – all of which positively impact cost,” said Paul
Warley, CEO of Ascent Solar. “Our efficiency of production allows
our products to be price competitive with legacy solutions. The
efficiency of power generation in the space domain as well as ease
of spacecraft integration demonstrate stark contrasts among
competition, especially when compared to alternative silicon
solutions that require cumbersome amounts of specialized labor for
AIT. I am proud to announce that we are currently quoting Titan
module deliveries as early as Q1 of 2024.”
Titan modules are also engineered for efficient
program schedules with production of over 5MW of product a year out
of Ascent’s Thornton facility. Titan modules also scale efficiently
beyond the Company’s current capacity, with the ability to achieve
similar production volumes via dedicated fabless production lines
that can produce Titan-comprised solar arrays at the pace required
by even the most ambitious megaconstellations.
Please reach out to sales@ascentsolar.com for
Titan module and other Space HDK inquiries.
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 or follow the Company
on LinkedIn and X (formerly Twitter).
FORWARD-LOOKING STATEMENTS
Statements in this press release that are not
statements of historical or current fact constitute
"forward-looking statements" including statements about the
financing transaction, our business strategy, and the potential
uses of the proceeds from the transaction. Such forward-looking
statements involve known and unknown risks, uncertainties and other
unknown factors that could cause the company's actual operating
results to be materially different from any historical results or
from any future results expressed or implied by such
forward-looking statements. We have based these forward-looking
statements on our current assumptions, expectations, and
projections about future events. In addition to statements that
explicitly describe these risks and uncertainties, readers are
urged to consider statements that contain terms such as “will,”
"believes," "belief," "expects," "expect," "intends," "intend,"
"anticipate," "anticipates," "plans," "plan," to be uncertain and
forward-looking. No information in this press release should be
construed as any indication whatsoever of our future revenues,
stock price, or results of operations. The forward-looking
statements contained herein are also subject generally to other
risks and uncertainties that are described from time to time in the
company's filings with the Securities and Exchange Commission
including those discussed under the heading “Risk Factors” in our
most recently filed reports on Forms 10-K and 10-Q.
MEDIA CONTACT
Spencer HerrmannFischTank PRascent@fischtankpr.com
Investor Contactir@ascentsolar.com
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