Ascent Solar partners with Defiant Space for defense sector push

THORNTON, Colo./NEW YORK - Ascent Solar Technologies (NASDAQ:ASTI), a micro-cap company valued at $5.94 million, announced Wednesday a strategic partnership with Defiant Space Corporation to pursue opportunities in the U.S. defense and national security sectors. According to InvestingPro data, the company’s stock has shown significant volatility, gaining 7.73% in the past week despite challenging financial health metrics.

The collaboration will combine Ascent’s flexible thin-film photovoltaic technology with Defiant’s capabilities in developing mission-focused space solutions, according to a company press release.

The partnership aims to address growing demand for resilient space capabilities supporting defense objectives while also exploring opportunities across allied markets, including NATO and Five Eyes partner nations.

"By combining our technology with Defiant’s platforms, we are strengthening our role in U.S. national security initiatives and opening new commercial pathways for Ascent," said Paul Warley, CEO of Ascent Solar Technologies.

Jeromy Grimmett, Chief Strategy Officer of Defiant Space, stated the partnership would help "advance innovative technologies that align with critical mission needs."

The companies indicated they would also pursue international opportunities where American solar solutions can contribute to shared defense, security, and commercial initiatives.

Ascent Solar, based in Thornton, Colorado, manufactures lightweight, flexible thin-film solar panels designed for space, military, and defense applications. The company operates a 5-MW production facility and has previously deployed its photovoltaic modules on space missions and airborne vehicles. For deeper insights into defense sector investments and detailed financial analysis, including 15+ additional ProTips for ASTI, visit InvestingPro.

In other recent news, Ascent Solar Technologies announced projected sales figures of $5-20 million for 2026 and $25-40 million for 2027. These estimates are based on current customer discussions and testing, although they do not reflect sales currently under contract. The company has also commenced a collaboration with NASA’s Marshall Space Flight Center, supported by NASA Glenn Research Center, to develop spacecraft capable of receiving beamed power using Ascent’s CIGS thin-film photovoltaic modules. This partnership aims to reduce spacecraft mass and volume requirements, potentially lowering costs for NASA missions. Additionally, Ascent Solar has priced a public offering of 1,000,000 shares of common stock and warrants at a combined price of $2.00 per share, with the offering expected to close around June 30, 2025. Furthermore, the company has entered into a Teaming Agreement with a U.S.-based defense solutions provider to supply thin-film solar technology for orbital applications and future space missions. These developments highlight Ascent Solar’s strategic initiatives in the aerospace and space industries.

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