Momentus And Ascent Solar Technologies Partner To Bring To Market Leading-Edge Solar Arrays
Portfolio Pulse from Benzinga Newsdesk
Momentus Inc. (NASDAQ:MNTS) and Ascent Solar Technologies (NASDAQ:ASTI) announced a partnership to market solar arrays for satellites, combining Momentus's Tape Spring Solar Array (TASSA) technology with Ascent's flexible photovoltaic modules. The partnership aims to address the growing demand for low-cost, high-performance solar arrays in space, leveraging the success of the TASSA demonstration on the Vigoride-6 mission. The next iteration of TASSA will feature higher efficiency solar blankets from ASTI, designed to provide significant power at low cost, mass, and volume, and improve satellite packing efficiencies for quicker, cheaper constellation deployment.
April 17, 2024 | 2:05 pm
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POSITIVE IMPACT
Ascent Solar Technologies' collaboration with Momentus to provide photovoltaic modules for the TASSA solar arrays could significantly boost its visibility and sales in the space sector.
ASTI's involvement in the TASSA project with Momentus not only validates its photovoltaic technology for space applications but also opens up significant market opportunities. The partnership is likely to increase demand for ASTI's high-efficiency solar blankets, potentially leading to a positive impact on its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Momentus's partnership with Ascent Solar Technologies to market solar arrays for satellites could enhance its market position by offering advanced, cost-effective power solutions for space applications.
The partnership with ASTI to market TASSA solar arrays positions Momentus favorably in the growing satellite market by offering differentiated, high-efficiency solar power solutions. This strategic move could attract more customers seeking reliable and cost-effective power solutions for their space missions, potentially boosting MNTS's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90