# EDGAR Filing Document

**Accession Number:** 0001350102
**File Stem:** 0001079973-25-001226
**Filing Date:** 2025-8
**Character Count:** 31982
**Document Hash:** 3bf8086b96084e67f7743ddfc468d3db
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001079973-25-001226.hdr.sgml**: 20250806

**ACCESSION NUMBER**: 0001079973-25-001226

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 30

**CONFORMED PERIOD OF REPORT**: 20250806

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250806

**DATE AS OF CHANGE**: 20250806

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ascent Solar Technologies, Inc.
- **CENTRAL INDEX KEY:** 0001350102
- **STANDARD INDUSTRIAL CLASSIFICATION:** SEMICONDUCTORS & RELATED DEVICES [3674]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 203672603
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-32919
- **FILM NUMBER:** 251190159

**BUSINESS ADDRESS:**
- **STREET 1:** 12300 GRANT STREET
- **CITY:** THORNTON
- **STATE:** CO
- **ZIP:** 80241
- **BUSINESS PHONE:** (720) 872-5000

**MAIL ADDRESS:**
- **STREET 1:** 12300 GRANT STREET
- **CITY:** THORNTON
- **STATE:** CO
- **ZIP:** 80241

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of**

**The Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **August 6, 2025**

**ASCENT SOLAR TECHNOLOGIES, INC.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-32919** | **20-3672603** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |

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| | |
|:---|:---|
| **12300 Grant Street** |  |
| **Thornton, CO** | **80241** |
| (Address of principal executive offices) | (Zip Code) |

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| |
|:---|
| **(720) 872-5000** |
| (Registrant's telephone number, including area code) |

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**Not Applicable**

(Former name, or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Title of each class** | &nbsp;&nbsp;**Trading Symbol(s)** | &nbsp;&nbsp;**Name of each exchange on which registered** |
| &nbsp;&nbsp;Common Stock, par value $0.0001 per share | &nbsp;&nbsp;ASTI | &nbsp;&nbsp; Nasdaq Capital Market |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 7.01. Regulation FD Disclosure.**

On August 6, 2025 Ascent Solar Technologies, Inc. (the "Company") published an updated corporate presentation.

A copy of the Company's press release summarizing the presentation is furnished as Exhibit 99.1 to this Form 8-K and incorporated herein by reference.

A copy of the updated corporate presentation is furnished as Exhibit 99.2 to this Form 8-K and incorporated herein by reference. The corporate presentation will also be available on the Company's website in the Investors section at https://ascentsolar.com/investor-relations.

The information contained in this Item 7.01 of this current report on Form 8-K and in the accompanying exhibits 99.1 and 99.2 shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference to such filing. This information, including the exhibits 99.1 and 99.2 hereto, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933.

**Item 9.01. Financial Statements and Exhibits.**

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| | | |
|:---|:---|:---|
| **(d)** | | |
|  | **Exhibits**<br>**Exhibit Number** | <br>**Description** |
|  | 99.1 | [Press Release, dated August 6, 2025](ex99x1.htm) |
|  | 99.2 | [Corporate Presentation Dated August 2025](ex99x2.htm) |
|  | 104 | Cover Page Interactive Data File - the cover page iXBRL tags are embedded within the Inline XBRL document |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| | ASCENT SOLAR TECHNOLOGIES, INC. | ASCENT SOLAR TECHNOLOGIES, INC. |
| &nbsp;&nbsp;&nbsp;&nbsp;August 6, 2025 | By: | /s/ Jin Jo |
|  | Name: | Jin Jo |
|  | Title: | Chief Financial Officer |

---

## Exhibit 99.1

Exhibit 99.1

**Ascent Solar Technologies Provides Corporate Update Detailing Customer Pipeline and Sales Progress in Space and Aerospace Industries**

THORNTON, Colo., August 6, 2025 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, (Nasdaq: ASTI) ("Ascent'' or the "Company"), the leading U.S. innovator in the design and manufacture of featherweight, flexible, and durable CIGS thin-film photovoltaic (PV) solutions, today published a corporate update detailing its customer and sales progress, as well as its strategy to meet growth opportunities in the aerospace and space industries.

The full report can be found here, projecting 2026 sales to reach $5 million to $20 million, and 2027 sales to achieve $25 million to $40 million. These figures are estimated based on current customer discussions and testing coupled with a rapidly growing market opportunity in aerospace and space. It does not reflect sales currently under contract.

The report also outlines the Company's competitive advantages and details its customer acquisition strategies within its respective market focuses of aerospace and space. It follows a number of significant milestones achieved by Ascent in the last two years, including its space solar modules flying on NASA's LISA-T Mission; signing a Collaborative Agreement with NASA to advance the development of its thin-film PV power beaming capabilities; establishing a Master Services Agreement with NOVI; signing several teaming agreements and MOUs with various organizations in the space and defense industries; and providing test product samples to several other companies for potential adoption.

"We are very proud of the technological and commercial progress achieved since our corporate restructuring in 2023. In that short time our company has made remarkable efficiency improvements to our technology and processes, established an unrivaled ability to fulfill orders in just a few days, and connected with numerous potential customers interested in testing our technology. All of this and more is reflected in our confidence in issuing this report," said Paul Warley, CEO of Ascent Solar Technologies. "We are laser-focused on improving efficiency and engaging a wide range of companies that represent a broad customer base, with a focus on providing technology that meets the burgeoning need for durable, reliable solar solutions in space."

**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

**INVESTOR CONTACT**

ir@ascentsolar.com

## Exhibit 99.2

Exhibit 99.2

![](image_019.jpg)

Ascent Solar Technologies, Inc. Corporate Presentation August 2025

![](image_020.jpg)

www.ascentsolar.com Page \| 2 COPYRIGHT© 2024 Ascent Solar Technologies, Inc. NASDAQ: ASTI Forward - Looking Statements Certain statements in this presentation may constitute "forward - looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.These forward - looking statements relate to a variety of matters, including, without limitation, statements related to the Company's ex pected sales opportunities in 2026 and 2027 . By their nature, forward - looking statements involve risks and uncertainties because they relate to events, competitive dynamics, and regulatory developments and depend on the economic circumstances that may or may not occur in the future or may occur on longer or shorter timelines than antici pat ed. These forward - looking statements are made based on the current beliefs, expectations and assumptions of the management of Ascent and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward - looking statements. All such forward - lo oking statements speak only as of the date they are made, and Ascent undertakes no obligation to update or revise these statements, whether as a result of new informati on, future events or otherwise. Although Ascent believes that the expectations reflected in these forward - looking statements are reasonable, these statements involve man y risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward - looking statements. For a further dis cussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward - looking statements, as well as risks relating to the busine ss of Ascent in general, see the risk disclosures in the Annual Report on Form 10 - K of Ascent for the year ended December 31, 2024 and in subsequent reports on Forms 10 - Q and 8 - K and other filings made with the U.S. Securities and Exchange Commission by Ascent. In addition, even if our results of operations, financial conditions and liquidity, and the development of the industries in whi ch we operate are consistent with the forward - looking statements contained in this presentation, they may not be predictive of results or developments in future periods. This investor presentation provides basic information about Ascent. Because it is only a summary, this document does not cove r a ll the information that should be considered before investing in our securities. You should read carefully the factors described in the "Risk Factors" section of our Annual Report and subsequent reports to better understand the risks and uncertainties inherent in our businesses and any forward - looking statements.

www.ascentsolar.com Page \| 3 COPYRIGHT© 2024 Ascent Solar Technologies, Inc. NASDAQ: ASTI ASTI is the leading provider of feather - weight, flexible, monolithically - integrated thin - film solar modules for the Space/Near - space, UAV/Defense, Agrivoltaic and Specialty markets. The revolutionary attributes and superior performance of ASTI's photovoltaic (PV) modules are made possible through a proprietary CIGS (Copper - Indium - Gallium - Selenium) on polyimide substrate process and continuous process and technology improvements . ASTI's HQ and nameplate production facility is based Thornton, Colorado USA, where we have over a decade of manufacturing experience. Ascent Solar Technologies, Inc. (ASTI) Ascent Solar delivers lightweight , flexible and reliable solar power modules to the world's leading engineering organizations. www.ascentsolar.com

![](image_021.jpg)

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www.ascentsolar.com Page \| 4 COPYRIGHT© 2024 Ascent Solar Technologies, Inc. NASDAQ: ASTI ASTI's Thin Film Outshines the Competition Durable Reliable Lightweight Fit for Purpose Flexible Rollable - deployable configurations increase packing efficiency in launch vehicles (further lowers launch cost) >30⁰ radius of curvature – better than Crystalline and Gallium Arsenide technology. Patented cell design allows a greater area of the solar module to produce power. The proprietary design provides system redundancy and unchallenged durability – in the event of surface damage or partial light conditions, ASTI PV continues to generate power. TRL 9 in 2023 Low part count for modules and arrays drastically reduces points of failure and increases system and unit reliability ASTI's thin - film PV is durable and reliable making it a preferred method of generating renewable power in challenging environments like Space and near - Space. ASTI panels are lighter than feathers and have a power to weight ration that makes them far superior to other solar products available for large scale use in space due to lower launch costs. Simplified electrical and mechanical construction Customized cell shapes easily integrated into manufacturing process So lightweight, ASTI panels can be installed on satellites with minimal impact on flight performance.

![](image_023.jpg)

www.ascentsolar.com Page \| 5 COPYRIGHT© 2024 Ascent Solar Technologies, Inc. NASDAQ: ASTI ASTI PV vs Other Technologies Gallium Arsenide Monocyrstalline & Polycrystalline Amorphous Silicon Highly Flexible Shatterproof Easy to customize Voltage & Current Price per Watt per Kg Non - Traditional Shapes Available Long - term Power Stability Specific Power Price Per Watt Integration Complexity HIGH LOW MEDIUM HIGH EASY EASY DIFFICULT MODERATE $$$$$$$$$$

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www.ascentsolar.com Page \| 6 COPYRIGHT© 2024 Ascent Solar Technologies, Inc. NASDAQ: ASTI 1990 - 2005 2005 - 2007 2011 2015 2017 2021 ▪ Thin - film dev begins at Martin Marietta (1990), ITN Energy created (1992) to develop thin - film on polyimide ▪ Market Launch, Silent Flacon UAV: ▪ ISO9001:2015 Quality Management manufacturing organization ISO ▪ Ascent Solar spun off from ITN (2005), New HQ & Factory opens (2007) 30+ years of Awards & Validation 2010 2014 2016 2018 ▪ Passed US Military Standard10 G Defence: ▪ 100 Most Innovative Technologies R&D 100 Magazine ▪ 50 Best Innovations in the World Time Magazine ▪ 100 Most Innovative Products R&D 100 Magazine ▪ Selected by JAXA for PowerSolar Sail to Jupiter Space: ▪ Selected for NASA MISSE - X project Space: ▪ Selected for Sceye High Altitude Airship Aerospace: 2023 to 25 ▪ Collaboration with Above Orbital on Phase I for AFRL SBIR Phase I ▪ Achieved TRL 9 with Momentus Vigoride 6 Flight ▪ Technology Improvement to 15.7% with 1cm 2 cell TRL 9 & 15.7% Efficiency

![](image_025.jpg)

www.ascentsolar.com Page \| 7 COPYRIGHT© 2024 Ascent Solar Technologies, Inc. NASDAQ: ASTI Investment Opportunity Markets for ASTI's products have accelerated in the last 18 months and are expected to grow in the next 5 to 8 years. ASTI is in early discussions with several parties now, which could potentially materialize into more than $5 to 20 million in contracted sales by Year End FY 2026. ● Targeted industry approach ‒ Aerospace and Space ‒ DoD battlefield charging and hydrolyzers ● Profitable high growth targeted markets ‒ Could generate $35 to $45 per watt for terrestrial and $40 to 75 per watt for space products ‒ 2026 satellite power needs are estimated at 15 to 20 MW per year now and growing to +100 MW per year in the next 5 to 6 years with existing industry capacity at 8 to 12 MW ● Recent manufacturing and operational improvements have generated higher efficiency ‒ Increased efficiency in CIGS technology from 10.8% to 15.7% due to addition of rubidium fluoride, ZnOS , and improved manufacturing processes ‒ ASTI fully - encapsulated arrays are now generating more than a watt per gram of integrated array panel, creating a notable differentiator between Ascent and other solar manufacturers active in the space tech market ● New Executive Team with turnaround experience focused on ‒ Elevated margin ‒ High - growth industries

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www.ascentsolar.com Page \| 8 COPYRIGHT© 2024 Ascent Solar Technologies, Inc. NASDAQ: ASTI Competitor's Lack Capacity/Capability to Meet Market Need Sales prospects have indicated that competing space PV providers currently have lead times exceeding 12 to 18 months and prices of $35 to $200 per watt with highest performance triple junction cells fetching more than $150 per watt. The space industry's leading PV providers have an estimated 8 to 12 MW per year in total of annual production capacity Inadequate supply chains for key materials such as gallium and arsenide, plus space rated cover glass are weaknesses/threats tha t ASTI's solution negates. The Space Industry presents a premium market opportunity with unmet customer demand where ASTI products are highly differenti ate d at +12.5% aerial efficiency, but 15% has to be met on production scale manufacturing for aerial efficiency The Federal Communications Commission (FCC), a regulatory approver for spacecraft being launched to orbit, is approaching ap pro val of licenses for over 100,000 satellites to be launched. It is known from ASTI sales relationships that the average power generation requirements per satellites is 1 to 15 kW. Thus, a bottoms up market analysis would project current market demand backlog could exceed 100MW Sector: Aerospace/Space Satellite Power Solar Sail Development High Altitude Airships High Voltage Solar Power Beaming Space PV Market (Demand and Attributes) ▪ 2026 estimated space solar market demand is 15 to 20 of MW. ▪ The space solar market is expected to reach 80 to 100+ of MW per year of demand in the next 5 to 7 years ▪ Robust supply chain w/ minimal through puts ▪ Ultra - lightweight, superior module specific energy (2.1kW/kg) ▪ Demonstrated to be optimal for enduring the harshness of the space environment's radiation, vacuum temperature extremes, and other hazards. 1

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www.ascentsolar.com Page \| 9 COPYRIGHT© 2024 Ascent Solar Technologies, Inc. NASDAQ: ASTI Future Growth Opportunities Space (Page 1 of 2) There are a few large constellations consisting of thousands of satellites that are currently being fielded. or contemplated being fielded in the next 6 months. ASTI has signed 18 NDA's in 2025 many of which are testing ASTI's products. Company A - Megaconstellations » Number of units: +2,500 Satellites in initial constellations » Power Needs: ~10 kW/Satellite (~16MW for the constellation) » ASTI has tests on going with Company A Company B – Space defense weapon (Golden Dome) » Teaming Agreement signed for pace weapons system » 85% vertically integrated, but not power generation, potential for ASTI "Fabless" production being added to their requirements » Number of units: +500 units per year production, estimated 1 to 1.2 MW in annual production Company C – Satellite Production Company (.5 to 2 MW) » Number of units: 30 to 200 » Power Needs: 1.2 to 3 kW per satellite » Specifications and sale quote information exchanged

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www.ascentsolar.com Page \| 10 COPYRIGHT© 2024 Ascent Solar Technologies, Inc. NASDAQ: ASTI Future Growth Opportunities Space (Page 2 of 2) In addition to the large constellations being fielded thousands of other satellites are being fielded in the next 12 months. ASTI has signed 18 NDA's in 2025 many of which are testing ASTI's products or getting ready to fly our solar. NOVI – Small Sat Rollable Array - Customer » Number of units: 20 to 100 » Power Needs: ~ 40 to 100 watts » Increased request to include body mounted modules Company D – Defense contractor to support US Army – Battery Charging » Number of units: 50 to 100 » Power Needs: 1 kW per unit » Exchanging array designs Company E – Defense contractor to support US Army – Hydrolyzers » Number of units: 25 to 200 » Power Needs: 7 kW per unit » Exchanging array designs Company F – Power System/ Deployables Production Company (.5 to 2 MW) » Number of units: 30 to 2000 » Power Needs: 1.2 to 3 kW per satellite » Purchased modules to test

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www.ascentsolar.com Page \| 11 COPYRIGHT© 2024 Ascent Solar Technologies, Inc. NASDAQ: ASTI Potential Sales ▪ Sales are derived from three segments 1 . Mega - constellation satellite companies 2. Satellite companies 3. Defense contractors ▪ +20 potential customers are under NDA ▪ These sales are not under contract and discussions are in different stages: a) Placing small orders to test (with orders to follow test phase from .5 to 15MW) b) Signed Teaming Agreements c) Multiple discussions around technology and production schedule Our statements about future sales opportunities are forward - looking statements based on the current beliefs, expectations and assumptions of the management of Ascent and are subject to significant risks and uncertainty . Sales opportunities could require additional capital fund raising estimated to be at least $2 to 3 million in 2026 of debt and equity. Estimate In USD FY $5.0 million - $20.0 million 2026 $25.0 million - $45.0 million 2027

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www.ascentsolar.com Page \| 12 COPYRIGHT© 2024 Ascent Solar Technologies, Inc. NASDAQ: ASTI ASTI Leadership Team CEO - Paul Warley & Board Member CFO - Jin Jo COO - Bobby Gulati • Joined in December 2022 as CFO and promoted to CEO in April 2023 • From 2015 - 2022, was president of Warley & Company LLC , a middle Market Strategic Advisory firm and provided: • Executive management • Services • Capital advisory • M&A • CEO and CFO of 360Imaging , a provider of products and services for implant surgery and digital dentistry. • Served clients in the alternative energy industry as a managing director and chief compliance officer with Deloitte Corporate Finance. • Executive roles at GE Capital and Bank of America and Bankers Trust . • Captain in the US Army • Joined Ascent in February 2012. Prior roles as Head Equipment Engineer, Director of Engineering, and Chief Information Officer. • Director of Equipment Engineering for Twin Creeks Technologies, an amorphous silicon solar manufacturing company, and was responsible for the operations of the 5MW solar cell manufacturing facility in Senatobia, Mississippi. • Co - founder and President of TriStar Systems, a manufacturer of automated manufacturing and assembly equipment for the solar, aerospace and disk drive industries. • Co - founder and COO of the publicly traded company NexStar Automation, whose focus was designing and building automated production equipment . • University of Colorado, Boulder, B.S. Electrical Engineering - Computer Science and Robotics • Joined the Company in June 2021 Prior role as Corporate Controller • Head of technical accounting at • Empower Retirement , a financial • services company. Duties included: • Accounting research for complex new products • New accounting standards implementation on International Financial Reporting Standards and US GAAP. • Inspection Specialist at the PCOAB - assessed auditor compliance with audit professional standards. • Started her career in big four public accounting , spending 11 years in the audit and assurance practice serving both public and private companies. • Certified public accountant in the state of Colorado • University of Colorado, Boulder, B.S. Business Administration

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www.ascentsolar.com Page \| 13 COPYRIGHT© 2024 Ascent Solar Technologies, Inc. NASDAQ: ASTI ASTI Board of Directors • Currently CEO of Clean H2, Inc ., a distributor of hydrogen electrolyzers • 2015 to 2023, Senior Project manager for EPD Consultants, Inc ., a privately held engineering firm • 2010 to 2015, P resident and Co - Founder of Great Circle Industries, Inc ., a water recycling company • Previously was a board member at AIR - serv, LLC , a tire inflation vending machine manufacturer • Managed the acquisition process, including expanding the company's credit facility , as that company completed 10 acquisitions and grew from $10 million of EBITDA to $20 million of EBITDA in the year prior to its sale for $151 million to WindPoint Partners . • MBA, University of Southern California, Marshall School of Business • B.A., UC Santa Cruz. David Peterson Chairman of the Board (September 2022) Board Member (December 2020) Forrest Reynolds Board Member (September 2022) • Currently the Managing Partner of CalTex Capital, LLC , a privately held investment firm, and a Managing Director of The Vortex Group Family Office, LLC, a private family office. • Previously was the Chief Restructuring Officer for Centaur Gaming, LLC , a gaming development company • Managed a $1.0 billion Chapter 11 bankruptcy reorganization for the company. • Previously worked in the investment banking industry for over 14 years holding various positions with several multinational investment banks including Credit Suisse, BT Alex Brown (later Deutsche Bank) and UBS . • On the board of several private companies and is actively involved with several charitable organizations. • B.B.A., Finance, University of Texas at Austin • B.A., Economics, University of Texas at Austin

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www.ascentsolar.com Page \| 14 COPYRIGHT© 2024 Ascent Solar Technologies, Inc. NASDAQ: ASTI ASTI Board of Directors (ctd .) Louis Berezovsky, CMA Board Member (September 2022) Gregory Thompson, CPA Board Member (April 2023) • Joined Eagle Infrastructure Services in July 2013 • Leads the Finance and Accounting, M&A, Human Resources, Legal and IT functions. • Prior to Eagle, served as Executive Vice President and Chief Financial Officer of ABRA Auto Body and Glass , Chief Financial Officer of ConvergeOne , and Chief Financial Officer of AIR - serv . • Began his career at a Minneapolis based CPA firm. • Completed more than 60 acquisitions as well as multiple recapitalizations and successful sale processes . • Served as a member of the Board of Directors and as the Chairman of the Finance Committee for the Better Business Bureau of Minnesota and North Dakota since 2012. • B.S., Accounting, University of Minnesota, Carlson School of Management • 2018 - 2021, EVP and CFO of KEMET Corporation , a manufacturer of a broad selection of capacitor technologies, and a variety of other passive electronic components. • 2008 - 2016, EVP and CFO of Axiall Corporation , a manufacturer and marketer of chlorovinyls and aromatics (acetone, cumene, phenol). Axiall was sold to Westlake Chemical Corporation in late 2016. • 2002 - 2008, CFO of medical equipment manufacturer Invacare Corporation • 2000 - 2002, CFO of Sensormatic Electronics Corporation • 1997 - 2000, Corporate Controller of Sensormatic • 1999 - 1994, VP and Corporate Controller at Wang Laboratories, Inc. • Spent 13 years at Price Waterhouse and Coopers & Lybrand serving international clients in industries including chemicals, construction, distribution, manufacturing, metals, retail, and technology. • Member, American Institute of Certified Public Accountants. • B.S., Accounting, Virginia Tech (1977)

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www.ascentsolar.com Page \| 15 COPYRIGHT© 2024 Ascent Solar Technologies, Inc. NASDAQ: ASTI ASTI Strategic Advisory Board January 2024 established the ASTI Strategic Advisory Board to advise Company leadership on space industry and government contracting processes and strategies, and lead development of marketing programs to engage target customers. Philippe Kassouf Casey Blake Maj Gen (Ret), USAF • Served as the Deputy Assistant Secretary for Contracting in the Office of the Assistant Secretary of the Air Force for Acquisition, in Washington, D . C . • Managed all aspects of Air Force contracting relating to the acquisition of weapon systems, logistics, and operational support. • Led a highly skilled staff which oversaw training, organizing, and equipping a workforce of about 8,000 contracting professionals that executed programs worth more than $65 billion annually • Prior to this assignment, he served as the Commander , Air Force Installation Contracting Agency (AFICA), Office of the Assistant Secretary of the Air Force for Acquisition, Wright - Patterson Air Force Base, Ohio . • Former founding member of SpaceX • Oversaw research and development for the avionics department, where he was tasked with identifying which technology was best suited for each vehicle • Architecture development and migration from the Falcon 1 spacecraft to Falcon 9 , as well as the architecture development of Dragon • Currently serves as the Founder and CEO of QED Engineering Inc . , a startup aimed at new product development for the space and military aerospace markets . • Prior to was CTO at Aitech Defense Systems, Inc . , where he was responsible for the design of space - qualified and radiation - tolerant Single Board Computers, gigabit ethernet network switches, and Network Interface Card solutions

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www.ascentsolar.com Page \| 16 COPYRIGHT© 2024 Ascent Solar Technologies, Inc. NASDAQ: ASTI • Positioned to be the solar provider of choice for space and near space needs due to our superior power to weight ratio, low costs and lower degradation. • In discussions with leading satellite and deployable companies that are currently testing ASTI solar panels for space and lower orbit • Strengthened capital structure to support maximizing shareholder value Summary Highlights Jin Jo Chief Financial Officer 720 - 872 - 5125 jjo@ascentsolar.com Paul Warley Chief Executive Officer 404 - 803 - 7108 pwarley@ascentsolar.com