Ascent Solar Technologies Inc. (ASTI) stock more than doubled in share price after it announced an investment from TFG Radiant Group.
Ascent Solar Enters Major Strategic Alliance with TFG Radiant Group of China
(BUSINESS WIRE)– Ascent Solar Technologies, Inc. (“Ascent”) (NASDAQ:ASTI) and TFG Radiant Group (“TFG Radiant”) today announced they have signed a more than $275 million plus royalties long-term, multi-faceted, strategic partnership that includes (i) investments by TFG Radiant in Ascent and (ii) a joint development agreement between TFG Radiant and Ascent to establish manufacturing facilities to be located in East Asia. Under the agreement, TFG Radiant has committed $165 million for the initial East Asia FAB, bringing the total deal value to about $450 million plus royalties. […]
ASTI currect market cap is ~$39M vs $450M in TFG Radiant’s deal. Do your math…
Ascent Solar Technologies, Inc.
12300 North Grant Street
Thornton, CO 80241
Ascent Solar’s ground-breaking solar technology delivers the highest efficiency rates available. We manufacture the only thin-film CIGS on plastic substrate, which provides unprecedented flexibility and lightweight advantages. Our technology easily integrates into a wide range of product applications, including roofing surfaces for buildings, portable electronic products, defense applications, space solutions, vehicles and more.