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Ascent Solar Technologies (NASDAQ: ASTI) announced its previously delivered flexible thin-film PV blankets have been integrated into NOVI’s N-1 ATLAS spacecraft, scheduled to fly on the SpaceX Falcon 9 Transporter-16 launch next month.
The toaster-sized hyperspectral spacecraft will generate 150W using Ascent’s tightly rolled CIGS array, reducing stowed volume and aiming to lower costs across NOVI’s planned constellation. The company cited rapid domestic manufacturing, reductions in mass and volume versus silicon arrays, and durability and sustainability benefits.
ASTI gained 10% on the AI/space PV blanket news while solar peers were mixed: BEEM up 4.52%, TURB up 5.54% in sector data but flagged down 5.28% in momentum scans, PN up 3.67%, and SUNE down 4.79%. Mixed peer direction with no related headlines supports a stock-specific reaction.
Product and strategy updates have sometimes seen sharp gains, while financings and R&D updates have produced mixed or negative next-day moves.
Recent news shows ASTI balancing commercialization, R&D, and financing. A Dec 8, 2025 private placement of up to $5.5M and subsequent January 2026 private placements of up to $25.0M funded growth but often coincided with negative price reactions. In contrast, the Jan 22, 2026 strategy update on 2025 achievements and 2026 goals saw a 53.03% jump. The current NOVI partnership fits the pattern of space-focused commercialization updates following earlier CIGS space-beaming development news on Feb 5, 2026.
An effective Form S-3 shelf exists, amended on Feb 9, 2026 via an exhibits-only S-3/A. The company has already used this shelf with a 424B3 prospectus on Feb 12, 2026 to register 4,816,120 shares for resale, indicating an established structure for future registered transactions.
This announcement highlights ASTI’s PV blankets powering NOVI’s N1-ATLAS spacecraft with 150W generation, reinforcing its positioning in space and AI-enabled geo-intelligence applications. It follows recent space R&D progress and a series of private placements and SEC registrations, including an effective S-3 shelf and a 424B3 for 4,816,120 resale shares. Investors may watch for follow-on contracts, constellation scale-up, execution of 2026 production plans, and how frequently the existing shelf and registered shares are utilized.
AI-generated analysis. Not financial advice.
THORNTON, Colo., Feb. 25, 2026 (GLOBE NEWSWIRE) — Ascent Solar Technologies (“Ascent” or the “Company”) (Nasdaq: ASTI), the leading U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced that its previously delivered solar blankets have been successfully integrated into NOVI’s N-1 ATLAS spacecraft, scheduled to fly on the upcoming SpaceX Falcon 9 Transporter-16 launch next month.
NOVI’s spring mission will demonstrate GENIE™ (Geospatial Ecosystem for Near Real-Time Information at the Edge), the company’s flagship open-access, multi-sensor, edge-compute platform designed to provide low-cost, low-latency Earth observation data and real-time geospatial intelligence.
Integration of Ascent’s flexible CIGS array allows for a tightly rolled configuration that minimizes the stowed volume. N1-ATLAS, the toaster-sized hyperspectral imaging spacecraft (pictured below) will generate 150W, an amount of power typically seen on larger spacecraft at higher costs. NOVI is poised to recognize compounded savings across its planned constellation by partnership with Ascent.
“Our partnership with NOVI has evolved quickly over the last year. In large part due to our rapid manufacturing capabilities in a domestic facility, enabling Ascent to quickly supply product to customers looking for immediate solutions,” said Paul Warley, CEO of Ascent Solar Technologies. “Through this partnership with NOVI, we’re achieving lower costs on faster timelines, driving major reductions in mass and volume compared to traditional silicon solar arrays. Our solutions are also more durable and sustainable, which reduces space debris risks while improving efficiency for spacecraft operators.”
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, optimized for use in space, military and defense, and other applications where mass, performance, reliability, and resilience are paramount.
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.
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 Herrmann
FischTank PR
Ascent@FischTankPR.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bf8e656b-48d7-4839-895f-23cd7384b5c8
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