Ascent Solar Technologies (OTCMKTS:ASTI), which develops and manufactures lightweight and flexible thin-film photovoltaic (PV) solutions, has just received a selective Innovation Award at the Defense TechConnect (DTC) Conference. The event was held in National Harbor, MD, between October 18 and 21, 2021.
Market Action:
On Wednesday, ASTI stock gained 8.46% at $0.0173 with more than 100.34 million shares, compared to its average volume of 36.84 million shares. The stock has moved within a range of $0.0164 – 0.0188 after opening the trade at $0.0177.
Major News
This event is organized with the sole objective of connecting top US Department of Defense (DoD) offices and industry scouts with the world’s best innovations. It brings together numerous sectors like defense, private industry, federal agency, and academic leadership, to boost cutting edge solutions for the military and interest of national security. This year, the emphasis was on energy, climate, cyber, bio-defense, space, advanced manufacturing, and 5G.
Ascent won the award in the Energy and Infrastructure Resilience category. It is a clear testament of the company’s success in providing expeditionary mobile power for multiple aspects of the National Defense Strategy. There are several applications such as the Dismounted Warfighter, Defense Space/Aerospace, Unattended Ground Sensors, and Unmanned Vehicles, which has established the company as a force-multiplier for the foreseen methods of adversarial engagement.
Lee, President and CEO of Ascent Solar, wishes to continue their good work, and serve the DoD at the same time. The DoD is looking to use Ascent’s lightweight ruggedized PV to help keep warfighters safe and operating at optimum efficiency.
