Following delivery and the successful completion of the on-orbit technology for use in the target environment (low Earth orbit (LEO)), it is Ascent’s intent to design and manufacture Plug and Fly™ arrays in concert with the customer for delivery of these units as early as Q4 2024-Q1 2025. The arrays delivered will provide primary power to the next generation satellites, significantly reducing part count, weight, and system complexity.
Ascent’s products represent a solution for customers and partners resulting from years of development and testing, including NASA’s MISSE-X experiment on the
“Our technology is uniquely positioned for adoption by premier mega-constellation satellite manufacturing companies like this, ultimately demonstrating further proof-of-concept for our thin-film’s use in space environments,” said
This initial order and the potential revenue it represents aligns with the Corporate Update released by Ascent on
ABOUT
Backed by 40 years of R&D, 15 years of manufacturing experience, numerous awards, and a comprehensive IP and patent portfolio,
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
MEDIA CONTACT
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ascent@fischtankpr.com
INVESTOR CONTACT
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Source:
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