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Investing.com -- Ascent Solar Technologies Inc (NASDAQ:ASTI) stock rose 5% in premarket trading Thursday after the company announced a teaming agreement with CisLunar Industries to develop advanced power solutions for space missions.
The Colorado-based companies will combine Ascent’s thin-film photovoltaic technology with CisLunar’s high-efficiency power conversion systems to create durable power solutions aimed at extending the functional lifespan of space vehicles. The partnership targets contracts with NASA, the Department of Defense, Space Force and other national security space stakeholders.
The collaboration comes as U.S. space organizations seek energy-efficient power solutions that can withstand harsh space environments and potential threats from foreign adversaries. The companies believe their combined technologies will offer superior power systems that enhance vehicle and mission longevity.
"By leveraging each other’s technological capabilities, industry expertise, and production capacity, CisLunar Industries and Ascent Solar offer a hungry space market a highly advantageous power solutions package," said Gary Calnan, CEO of CisLunar Industries.
Ascent Solar, which has 40 years of R&D experience and 15 years of manufacturing history, specializes in flexible thin-film solar panels designed for environments where mass, performance, reliability, and resilience are critical factors. The company operates a 5-MW production facility in Thornton, Colorado.
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