Ascent Solar Technologies, Inc · NASDAQ:ASTI
Ascent Solar Technologies — Investor Presentation (September 2022)
19 slides from Ascent Solar Technologies's investor presentation, Sep 12, 2022
Slide 1: Flexible & Lightweight Solar Modules for the Next Big Thing
FLEXIBLE & LIGHTWEIGHT SOLAR MODULES FOR THE NEXT BIG THING Victor Lee , President & CEO 9/12/2022 COPYRIGHT © 2022 Ascent Solar Technologies, Inc. CONFIDENTIAL 1
Slide 2: Safe Harbor Statement
In addition to historical information, this presentation contains forward – looking statements that are based on assumptions made by management regarding future circumstances over which the company may have little or no control and involve risks, uncertainties and other factors that may cause actual
Slide 3: Ascent Solar Technologies - Key Messages
Ascent Solar Technologies, Inc. (Nasdaq: ASTI) - Key Messages ▪ Leading provider of monolithically - integrated, flexible & ultra - lightweight thin - film solar modules for highly demanding applications ▪ Enabling reliable and mission - critical power in remote and extreme environments ▪ Revolution
Slide 4: Focus on Premium Markets
Off - grid Agrivoltaic & Lightweight Structures Transportation ▪ Durable in extreme conditions ▪ Extends capabilities of electric vehicles ( Evs ) ▪ Power can offset/eliminate wasteful idling ▪ Ultra - lightweight ▪ Silent Falcon Œ UAV ▪ Custom packaging to function in extreme conditions Unmanned Ae
Slide 5: Attractive Market Segments Exhibiting High Growth
Attractive Market Segments Exhibiting High Growth COPYRIGHT © 2022 Ascent Solar Technologies, Inc. CONFIDENTIAL Military/Defense, Emergency Off - Grid BIPV - Rooftops Consumer Aerospace: High Altitude Airships, UAVs/Drones Space/Near Space High ASP Low ASP Solar Farms Low Performance Requirements Hi
Slide 6: Corporate History, Accolades & Certifications
Corporate History, Accolades & Certifications 1990………… 2006 Commercial production based on BAPV application 2010 2011 2012 - 2013 Paradigm shift to focus on specialty PV market & portable solar solutions 2007 - 2008 Headquarters & production facility established 100 Most Innovative Technologies by R
Slide 7: Strategic Transformation In Progress
Strategic Transformation In Progress 9/12/2022 COPYRIGHT © 2022 Ascent Solar Technologies, Inc. CONFIDENTIAL 7 ▪ Paradigm Shift in Strategy and Business Model Capitalizing on Unmatched Technology ▪ Focus on high - value PV markets o Where customers prioritize functionality, durability and mission -
Slide 8: Go-To-Market Strategy
Go - To - Market Strategy Current Focus will Drive Higher Margins and Protect Market Share, while Longer Term Goals Focus on Increasing Wider Demand for Ascent’s Products Current Focus Long Term Expansion Premium markets where Ascent’s unique lightweight & flexible PV will provide highest margins an
Slide 9: What Makes Ascent's PV Unique?
9/12/2022 COPYRIGHT © 2022 Ascent Solar Technologies, Inc. CONFIDENTIAL 9 ▪ Ultra - lightweight o ASTI panels weigh a small fraction of conventional c - Si panels o Best Power - to - Weight Ratio (Specific Power) of any technology ▪ Highly Flexible o Limitless applications compared to rigid based PV
Slide 10: Discrete Cells vs Monolithically-Integrated Modules
▪ Comparison of Discrete Cells vs Monolithically - Integrated Modules Technology: Polycrystalline Silicon # of Cells: 1 Voltage: Approximately 0.5 V Requires several cells interconnected Description: 15.6 cm x 15.6 cm Fragile, Single Point Failure Technology: AST Monolithically - Integrated CIGS # o
Slide 11: Much Greater Tolerance To Damage
Much Greater Tolerance To Damage ▪ ASTI’s modules are highly tolerant to damage due to our monolithically - integrated construction of the modules on plastic substrate and CIGS’s better response to diffuse light conditions - CIGS almost always operates when others STOP! 9/12/2022 COPYRIGHT © 2022 As
Slide 12: Example of a Growing Premium Market: The Race to Space
9/12/2022 COPYRIGHT © 2022 Ascent Solar Technologies, Inc. CONFIDENTIAL 12 Example of a Growing Premium Market The Race to Space – The Next Big Thing
Slide 13: Space & Near-space PV Market
Space & Near - space PV Market ▪ According to Morgan Stanley Research, the global space industry was valued at ~ $ 350 billion in 2016 , and is estimated to surge beyond $ 1 trillion by 2040 . ▪ Solar cells or PV system are the most reliable energy generation systems for aerospace applications and h
Slide 14: Space PV Application Challenges
Space PV Application Challenges ▪ Weight is critical and even more so as the PV array often extends away from the spacecraft o Higher mass higher launch costs!!! o Array dynamics can complicate a mission and require additional fuel for station keeping ▪ Because c - Si cell is fragile, an underlying
Slide 15: ASTI's Value Proposition for Space/Near Space Environment
ASTI’s Value Proposition for Space/Near Space Environment ▪ High Specific Power (Best in the industry) o Best - in - class 572 W/kg at AM 0 environment and weighs only 174 g/m 2 o Maximum power output at minimum weight leading to much lower launch cost (> $ 10 K/kg) ▪ Ability to produce PV in larger
Slide 16: MISSE X Experiment Result Leading to LISA-T Selection
MISSE X Experiment Result Leading to Selection for Lightweight Integrated Solar Array and Transceiver (LISA - T) Project in 2023 9/12/2022 COPYRIGHT © 2022 Ascent Solar Technologies, Inc. CONFIDENTIAL 16 Artist’s Rendition of LISA - T ASTI’s PV Array at Zero - G Deployment Experiment
Slide 17: Space program selections and milestones
▪ 2016 – Selected by JAXA (Japan Aerospace Exploration Agency) for Jupiter deployment demonstration on SolarPowerSail project ▪ 2017 – Delivered 1 st of high - voltage superlight thin - film modules for high altitude aerospace application ▪ 2018 – Selected by German Aerospace Center (DLR) for furthe
Slide 18: Commercialization Strategy - Total Addressable Markets
Commercialization Strategy – ASTI Total Addressable Markets Space & Near - space - 1.0 MW - $20M TAM Transportation - 2,500 MW - $7.5B TAM High Altitude Platforms - 39 MW - $390M TAM Drones & UAS - 25 MW - $7M TAM Off - grid APV - 500,000 MW - $75B Sources: BIPV estimates according to GBI Research:
Slide 19: Investment Highlights Summary
Investment Highlights Summary Groundbreaking Flexible CIGS Technology Patented Proprietary Technology with solid IP Portfolio Deep and Experienced Management Team Highly Customizable Production Capabilities Proven Modular and Scalable Manufacturing Process Capital Efficient Business Model Tremendous
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