Breakeven Date Change • Jun 19
Forecast to breakeven in 2028 The analyst covering Ascent Solar Technologies expects the company to break even for the first time. New forecast suggests the company will make a profit of US$1.28m in 2028. Average annual earnings growth of 69% is required to achieve expected profit on schedule. Aankondiging • Jun 22
Ascent Solar Technologies, Inc., Annual General Meeting, Aug 07, 2024 Ascent Solar Technologies, Inc., Annual General Meeting, Aug 07, 2024. Location: ascent solartechnologies, inc., 12300 grant street, thornton, colorado,80241, United States Aankondiging • Jun 17
Ascent Solar Technologies, Inc. Provides Non-Compliance Update As previously disclosed, on December 11, 2023, Ascent Solar Technologies, Inc. (the Company") received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (Nasdaq") indicating that theCompany was not in compliance with the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market (the Bid Price Requirement"). In accordance withthe Nasdaq Listing Rules, the Company was granted a grace period of 180 calendar days, through June 10, 2024, to regain compliance with the Bid Price Requirement. The Company did not evidence compliance with the Bid Price Requirement by June 10, 2024 and was not eligible for a second grace period under the Nasdaq Listing Rules. Accordingly, on June 11, 2024, the Company received formal notice from Nasdaq that the deficiency could serve as an additional basis for delisting. At a hearing before the Nasdaq Hearings Panel on May 9, 2024, the Company addressed its plan to evidence compliance with both (i) the Nasdaq stockholders equity continued listing requirement (the Equity Requirement"), and (ii) the Bid Price Requirement. By decision dated June 5, 2024, the Panel granted the Company's request for continued listing on Nasdaq subject to the Company demonstrating compliance with all applicable criteria for continued listing on The Nasdaq Capital Market by August 22, 2024. The Company intends to monitor the closing bid price of its common stock and is considering its options to regain compliance with the Bid Price Requirement on or before August 22, 2024. Aankondiging • May 17
Ascent Solar Technologies, Inc. has filed a Follow-on Equity Offering in the amount of $4.219 million. Ascent Solar Technologies, Inc. has filed a Follow-on Equity Offering in the amount of $4.219 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Aankondiging • Mar 12
The Listing Qualifications Staff of the Nasdaq Stock Market LLC Notifies Ascent Solar Technologies Regarding No Longer Satisfies the $2.5 Million Stockholders’ Equity Requirement as Set Forth in Nasdaq Listing Rule 5550(b)(2) As previously disclosed, on May 25, 2023, Ascent Solar Technologies, Inc. (the ‘Company’) was notified by the Listing Qualifications Staff (the ‘Staff’) of The Nasdaq Stock Market LLC (‘Nasdaq’) that the Company no longer satisfied the $2.5 million stockholders’ equity requirement for continued listing on The Nasdaq Capital Market as set forth in Nasdaq Listing Rule 5550(b)(2) (the ‘Equity Rule’). The Company thereafter presented its plan to evidence compliance with the Equity Rule for the Staff’s review. Ultimately, however, by letter dated July 28, 2023, the Staff issued a delist determination based upon, among other things, the Company’s stockholders’ equity deficiency. The Company thereafter requested a hearing before the Nasdaq Hearings Panel (the ‘Panel’) to address the deficiencies and request a further extension to regain compliance with all criteria for continued listing on The Nasdaq Capital Market. On October 2, 2023, the Company completed a public offering of units for gross proceeds of $10.3 million. As a result of the offering, the Company had more than $2.5 million in stockholders’ equity and had therefore regained compliance with the Equity Rule. As a result, the Company’s hearing with the Panel was cancelled and Nasdaq subsequently confirmed the Company’s compliance with the Equity Rule. On March 5, 2024, the Staff notified the Company that it no longer satisfied the Equity Rule based upon stockholders’ equity of $1,526,611 as reported in the Form 10-K for the year ended December 31, 2023 and, as a result, the Company’s common stock was subject to delisting from Nasdaq unless the Company timely requests a hearing before the Panel. The Company plans to timely request a hearing before the Panel, which request will stay any further suspension or delisting action by Nasdaq at least pending the hearing and the expiration of any extension period that may be granted to the Company following the hearing. There can be no assurance however, that the Panel will grant the Company’s request for continued listing or that the Company will be able to evidence compliance with all applicable listing criteria prior to the expiration of any extension period that may be granted to the Company by the Panel. Aankondiging • Mar 09
Ascent Solar Technologies, Inc. Provides Revenue Guidance for the Second Quarter, Third Quarter, Fourth Quarter and Full Year of 2024 and for the Full Year 2025 Ascent Solar Technologies, Inc. provided revenue guidance for the second quarter, third quarter, fourth quarter and full year of 2024 and for the full year 2025. The company's report outlines revenue projects for the remainder of 2024, including $1 million to $1.2 million in Q2; $3 million to $5 million in Q3; and $5 million to $7 million in fourth quarter, totaling $9 million to $13.2 million for the entire year.Further, the Company anticipates 2025 revenue reaching $50 million to $80 million. Aankondiging • Feb 29
Ascent Solar Technologies, Inc.'s Solar Module Products to Fly Space Solar Modules on NASA’s Upcoming LISA-T Mission Ascent Solar Technologies, Inc. announced that the Company’s solar module products will fly on NASA’s upcoming Lightweight Integrated Solar Array and AnTenna (LISA-T) mission, scheduled for launch this summer. The mission, led by NASA’s Space Technology Mission Directorate and the agency’s Marshall Space Flight Center in Huntsville, will demonstrate the capability to deploy large-area arrays on lightweight, low-cost and small spacecraft. Leading up to this spacecraft demonstration, Ascent’s PV products were previously evaluated on the International Space Station. Modules tested on NASA’s MISSE-X experiment validated the resilience of the company’s CIGS material in the space environment, both bare and encapsulated. Additional Ascent modules with lower-cost and lighter-weight laminates are being evaluated on the upcoming MISSE payload slated to fly on SpaceX’s 30th Commercial Resupply Mission to the space station scheduled for March. Aankondiging • Jan 23
Ascent Solar Technologies, Inc. Adds Major General Casey Blake as Strategic Advisor Ascent Solar Technologies, Inc. announced it has established a Strategic Advisory Board with the addition of its inaugural member, Major General Casey Blake, in the title of Strategic Advisor. General Blake joins Ascent after an expansive career with the United States Air Force. Most recently, General Blake served as the Deputy Assistant Secretary for Contracting in the Office of the Assistant Secretary of the Air Force for Acquisition, in Washington, D.C. He was tasked with managing all aspects of Air Force contracting relating to the acquisition of weapon systems, logistics, and operational support. General Blake led a highly skilled staff which oversaw training, organizing, and equipping a workforce of about 8,000 contracting professionals that executed programs worth more than $65 billion annually. In his new role as the first member of Ascent’s Strategic Advisory Board, General Blake will advise Company leadership on government contracting processes and strategies and will lead development of a marketing program that will enable Ascent to better engage with both the US Air Force and Space Force to assist in their space solar solutions needs. Aankondiging • Dec 16
Ascent Solar Technologies Receives Non-Compliance Notice From Nasdaq On December 11, 2023, Ascent Solar Technologies, Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with the $1.00 Minimum Bid Price requirement set in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market (the “Bid Price Requirement”). The Notice does not result in the immediate delisting of the Company’s common stock from The Nasdaq Capital Market. The Nasdaq Listing Rules require listed securities to maintain a minimum bid price of $1.00 per share and, based upon the closing bid price of the Company’s common stock for the 30 consecutive business days for the period October 27 through December 8, 2023, the Company no longer meets this requirement. The Notice indicated that the Company will be provided 180 calendar days (or June 10, 2024) in which to regain compliance. If at any time during this 180 calendar day period the bid price of the Company’s common stock closes at or above $1.00 per share for a minimum of ten consecutive business days, the Nasdaq staff (the “Staff”) will provide the Company with a written confirmation of compliance and the matter will be closed. Alternatively, if the Company fails to regain compliance with Rule 5550(a)(2) prior to the expiration of the initial 180 calendar day period, the Company may be eligible for an additional 180 calendar day compliance period, provided (i) it meets the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on The Nasdaq Capital Market (except for the Bid Price Requirement) and (ii) it provides written notice to Nasdaq of its intention to cure this deficiency during the second compliance period by effecting a reverse stock split, if necessary. In the event the Company does not regain compliance with Rule 5550(a)(2) prior to the expiration of the initial 180 calendar day period, and if it appears to the Staff that the Company will not be able to cure the deficiency, or if the Company is not otherwise eligible, the Staff will provide the Company with written notification that its securities are subject to delisting from The Nasdaq Capital Market. At that time, the Company may appeal the delisting determination to a Hearings Panel. The Company intends to monitor the closing bid price of its common stock and is considering its options to regain compliance with the Bid Price Requirement. The Company’s receipt of the Notice does not affect the Company’s reporting requirements with the Securities and Exchange Commission. Aankondiging • Nov 03
Ascent Solar Technologies, Inc. to Release Newly Developed Solar Module - Titan Ascent Solar Technologies announced that it will soon release a newly developed solar module -- Titan -- that is optimized for use in a space environment, possessing a record power output of 17.55% efficiency. The product is expected to ship as early as First Quarter 2024. Titan will be the first standardized product specially designed for space with a specific power of 2100 W/kg, coupled with best-in-class resilience and flexibility feature. The Titan module is approximately one square foot in size, 10 grams in weight, and possesses a target output of 17 watts. Like all Ascent solar modules, Titan can be used alone or configured into an array, enabling an easy Plug & Fly(TM) approach for customers to meet mission specific power and electricity needs. Titan modules will be the standard building block for Ascent's line of Space Hardware Developer Kits (HDKs), the Company's integrated array product offerings that are available in body-mounted, foldable deployable, and rollable deployable configurations. Titan modules are approximately one-foot square sheets, representing a solution that is significantly larger than the typical rigid silicon solar PV cells which are the size of business cards. This drastic part count reduction allows integrated arrays to require less clean room labor and other resources during spacecraft assembly, integration, and test (AIT). Titan modules are also engineered for efficient program schedules with production of over 5MW of product a year out of Ascent's Thornton facility. Titan modules also scale efficiently beyond the Company's current capacity, with the ability to achieve similar production volumes via dedicated fabless production lines that can produce Titan-comprised solar arrays at the pace required by even the most ambitious megaconstellations. Aankondiging • Oct 25
Ascent Solar Technologies, Inc., Annual General Meeting, Dec 05, 2023 Ascent Solar Technologies, Inc., Annual General Meeting, Dec 05, 2023, at 10:00 US Mountain Standard Time. Location: 12300 Grant Street Thornton Colorado United States Agenda: To elect two Class A directors, two Class B directors, and one Class C director; to ratify the selection of Haynie & Company as the independent registered public accounting firm; to vote on the 2023 Ascent Solar Technologies, Inc. Equity Incentive Plan; to conduct an advisory vote on the compensation of executive officers; to conduct a vote on the frequency of the vote on the compensation of executive officers; and to transact such other business as may properly come before the meeting or any adjournment or postponement of the meeting. Aankondiging • Oct 05
Ascent Solar Technologies, Inc. Regains Compliance with the Minimum Bid Price Requirement As previously disclosed, on March 23, 2023, Ascent Solar Technologies, Inc. received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market indicating that the Company was not in compliance with the $1.00 Minimum Bid Price requirement set in Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq (the Bid Price Requirement"). The notice indicated that the Company would be provided 180 calendar days in which to regain compliance with the Bid Price Requirement. On September 29, 2023, the Nasdaq staff notified the Company that the Company had regained compliance with the Minimum Bid Price Requirement based on the closing bid price of the Company's common stock having been at $1.00 per share or greater for ten consecutive business days. The Staff's notification indicated that this matter is now closed. The Company remains non-compliant with the minimum $2,500,000 stockholders' equity requirement for continued listing set in Listing Rule 5550(b) and the minimum 500,000 publicly held shares requirement under Listing Rule 5550(a)(4). These remaining matters will be addressed at the Company's upcoming Nasdaq Listing Panel hearing. Aankondiging • Sep 16
Ascent Solar Technologies Receives a Written Notice from Nasdaq On September 13, 2023, Ascent Solar Technologies, Inc. received a written notice from Nasdaq indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(4) for continued listing, which rule requires Nasdaq listed companies to maintain at least 500,000 publicly held shares. As previously disclosed on July 28, 2023, the Company received notice that the Nasdaq staff had determined to delist the Company’s common stock from Nasdaq, unless the Company timely requested an appeal of the staff’s determination to a Hearings Panel (the “Panel”), pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. The Company has requested a hearing before the Panel, which hearing is expected to occur in mid-October. At such hearing, the Company will address all outstanding Nasdaq compliance matters. The Company is currently pursuing a registered public offering of its securities. If such offering is completed as planned, the Company believes that such offering will bring the Company into compliance with (i) the Publicly Held Shares Requirement, and also (ii) Nasdaq Rule 5550(b)(1), which requires companies listed on Nasdaq to maintain a minimum of $2,500,000 in stockholders’ equity. While the appeal process is pending, the suspension of trading of the Company’s common stock will be stayed and the common stock will continue to trade on Nasdaq through the hearing and the expiration of any additional extension period granted by the Panel following the hearing. There can be no assurances however, that a favorable decision will be obtained from the Panel. Aankondiging • Sep 12
Ascent Solar Technologies Announces Reverse Stock Split to Regain Compliance Ascent Solar Technologies, Inc. (“Ascent Solar” or the “Company”) announced that effective before market open on September 12, 2023, it will complete a 1-for-200 reverse stock split of its common stock. On June 26, 2023, ASTI’s majority stockholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation to affect a reverse stock split with the exact ratio to be set by its Board of Directors. The Board resolved to set the reverse stock split at the ratio of 1-for-200. ASTI filed an amendment to its Certificate of Incorporation with the Secretary of State in Delaware effective September 11, 2023, at 5:00 p.m. Eastern Time. As a result, every two hundred issued shares of common stock will automatically be combined into one share of common stock. As explained in ASTI’s Information Statement filed July 28, 2023, the Company believes that affecting the reverse stock split will assist in its efforts to meet the Nasdaq continued listing standards and to continue to have its common stock remain listed and traded on Nasdaq. In particular, ASTI expects the reverse stock split to increase the per share price and bid price of its common stock above the $1.00 required by Nasdaq’s Minimum Bid Price Rule. Shares of the Company’s common stock will be assigned a new CUSIP number (043635705) and are expected to begin trading on a split-adjusted basis on Tuesday, September 12, 2023. Aankondiging • Sep 06
Ascent Solar Technologies, Inc. Increases Cell Production Efficiency in Production Trials from 10.8% to 15.2% for its CIGS Solar Technology Ascent Solar Technologies, Inc. announced that it has achieved cell production efficiency of 15.2% in its CIGS solar technology, a significant increase from the 10.8% standard efficiency measured for production material in 2012. This increase is attributed to the targeted optimization of the existing Cadmium Sulfide (Cds) deposition and manufacturing processes behind the Company's CIGS technology. Parallel development efforts have been successful in the replacement of the Cds deposition in the production process. Cds is a known harsh material, which ASTI has strategically sought to shift away from, to limit hazardous production components and eliminate the need for specialty waste mitigation processes. The preliminary efficiency measurements of this next generation material (which utilizes Zinc Oxysulfide in lieu of Cds) indicate that yields are 5% to 8% higher than that of Cds, which would translate to a theoretical efficiency of 16% to 16.4%. With continued promising results such as these production trials, the Ascent team is redefining what is possible for thin-film CIGS technology efficiencies through consistent ongoing process optimization, guided by decades of manufacturing experience. These efficiency improvements reflect the confidence in Ascent's product portfolio, as well as the brand's strategic direction, growth opportunities, and leadership to execute upon its vision. Reported Earnings • Aug 10
Second quarter 2023 earnings released: US$0.083 loss per share (vs US$0.076 loss in 2Q 2022) Second quarter 2023 results: US$0.083 loss per share (further deteriorated from US$0.076 loss in 2Q 2022). Net loss: US$3.91m (loss widened 69% from 2Q 2022). Aankondiging • Aug 01
Ascent Solar Technologies Receives Non-Compliance Notice from Nasdaq As previously disclosed, on March 23, 2023 the Ascent Solar Technologies, Inc. received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company was not in compliance with the $1.00 Minimum Bid Price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market (the “Bid Price Requirement”). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days to regain compliance with the Bid Price Requirement. On July 28, 2023, the Company received notice (the “Second Notice”) from the Staff that the Staff had determined that the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days triggering application of Listing Rule 5810(c)(3)(A)(iii) which states in part: if during any compliance period specified in Rule 5810(c)(3)(A), a company’s security has a closing bid price of $0.10 or less for ten consecutive trading days, the Listing Qualifications Department shall issue a Staff Delisting Determination under Rule 5810 with respect to that security (the “Low Priced Stocks Rule”). As a result, the Staff determined to delist the Company’s Common Stock from Nasdaq, unless the Company timely requests an appeal of the Staff’s determination to a Hearings Panel (the “Panel”), pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. The Company intends to request a hearing before the Panel to appeal the Second Notice and to address all outstanding matters, including compliance with the Bid Price Requirement, the Low Priced Stocks Rule and Nasdaq Listing Rule 5550(b)(1) (which requires companies listed on Nasdaq Market to maintain a minimum of $2,500,000 in stockholders’ equity). While the appeal process is pending, the suspension of trading of the Company’s common stock, will be stayed and the Common Stock will continue to trade on The Nasdaq Capital Market until the hearing process concludes and the Panel issues a written decision. The Company has been informed that hearings are typically scheduled to occur approximately 30-45 days after the date of the hearing request. There are no assurances however, that a favorable decision will be obtained from the Panel. Aankondiging • Jul 14
Ascent Solar Technologies, Inc. announced that it has received $0.9 million in funding On July 13, 2023, Ascent Solar Technologies, Inc. closed the transaction. The transaction included participation from 2 investors pursuant to exemption provided under Regulation D. Aankondiging • Jul 01
Ascent Solar Technologies, Inc. announced that it has received $0.9 million in funding Ascent Solar Technologies, Inc. announced that it has entered into a securities purchase agreement with accredited investors for the private placement of 900 series 1B convertible preferred shares at an issue price of $1,000 per share for the gross proceeds of $900,000 on June 29, 2023. The shares of the Series 1B Preferred Stock will be convertible at the option of the holder into common stock at an initial conversion price of equal to $0.14 per share. The conversion price shall be equal to the lower of $0.14 and 90% of the lowest VWAP for the company’s common stock out of the 10 trading days commencing 5 trading days immediately prior to the reset date, provided that the conversion price may not be adjusted to less than $0.028 per share. All of the securities will be offered and sold in reliance upon exemptions from registration pursuant to Section 4(a)(2) under the Securities Act of 1933, as amended and Rule 506 of Regulation D promulgated thereunder. Reported Earnings • May 17
First quarter 2023 earnings released: US$0.17 loss per share (vs US$0.20 loss in 1Q 2022) First quarter 2023 results: US$0.17 loss per share. Net loss: US$6.08m (loss widened 42% from 1Q 2022). Aankondiging • May 05
Ascent Solar Technologies, Inc. Announces Executive Changes Ascent Solar Technologies, announced that the Board of Directors has terminated Jeffrey Max, as Chief Executive Officer, effective April 26, 2023. The Company also announced that it has named its Chief Financial Officer, Paul Warley, as the Chief Executive Officer, effective immediately. Mr. Warley will remain in his current role as CFO on an interim basis until his replacement is appointed by the Company's Board. Thrilled that Paul has agreed to take on this leadership role at Ascent during such an important moment in the Companys journey, said David Peterson, Chairman of the Board at Ascent Solar Technologies. Paul brings tremendous financial and executive leadership experience serving middle market companies, that coupled with his depth of thin-film solar knowledge, will propel the Company to its next phases of growth and commercial adoption. Prior to joining Ascent as its Chief Financial Officer in December 2022, Mr. Warley spent nearly 40 years specializing in corporate turnarounds, restructurings, cross-border trade and capital advisory mandates at Bank of America, Bankers Trust, GE Capital, Deloitte Corporate Finance, and his consulting firm, Warley &Company. The firm provided executive management, capital and M&A advisory services to middle-market companies in the manufacturing, service, construction, technology, oil and gas, clean energy, food, retail and green-building sectors. Mr. Warley graduated from The Citadel with a BS in Business Administration with a concentration in accounting, and served in the U.S. Army, attaining the rank of Captain. Aankondiging • May 04
Ascent Solar Technologies, Inc. Announces Termination of Jeffrey Max as President Ascent Solar Technologies, announced that the Board of Directors has terminated Jeffrey Max, ASTIs President, effective April 26, 2023. Board Change • May 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Chairman of the Board Dave Peterson is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 12
Full year 2022 earnings released: US$0.66 loss per share (vs US$1.54 loss in FY 2021) Full year 2022 results: US$0.66 loss per share. Net loss: US$19.8m (loss widened 229% from FY 2021). Aankondiging • Dec 31
Felix Mantke Resigns from the Board of Directors of Ascent Solar Technologies, Inc Felix Mantke resigned from the board of directors of Ascent Solar Technologies, Inc. on December 23, 2022. This resignation was not the result of any dispute or disagreement with the Company on any matter relating to the operations, policies or practices of the Company. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Board Chair Dave Peterson is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 12
Third quarter 2022 earnings released: US$0.24 loss per share (vs US$0.67 loss in 3Q 2021) Third quarter 2022 results: US$0.24 loss per share. Revenue: US$6.3k (down 46% from 3Q 2021). Net loss: US$7.91m (loss widened 208% from 3Q 2021). Board Change • Nov 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Board Chair Dave Peterson is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Oct 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Board Chair Dave Peterson is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Sep 28
Ascent Solar Technologies, Inc. Announces Chief Executive Officer Changes Ascent Solar Technologies, Inc. announced that the Company has named Jeffrey Max as Ascent Solar’s new Chief Executive Officer. As part of Ascent’s ongoing leadership transition, Jeffrey Max, a seasoned technology CEO with more than three decades of experience in scaling technology organizations, has succeeded Victor Lee as the Company’s CEO, effective immediately. Jeffrey Max boasts over 30 years of experience as a hi-tech CEO, investor and entrepreneur known for his ability to drive scale at fledgling and developing companies. Jeff has founded, built, incubated, and successfully guided several companies to operations at a global scale, achieving multiple exits in industries such as financial services, mobile commerce, AdTech and aerospace. Jeff’s key competencies include product positioning and strategy, brand development, acquisition-driven growth, business development and turn-arounds. From 2019 to 2022, Jeff was Chairman and CEO of Agile Space Industries. During Jeff’s tenure, Agile was able to quickly expand into design and manufacturing, securing contracts to supply thrusters for multiple NASA lunar lander missions. Under his leadership, Agile grew from a team of 6 to over 60, and acquired Tronix3D. 
