SolarWindow Awarded U.S. Department of Energy Grant for Advanced Manufacturing
COLUMBIA, Md.–(BUSINESS WIRE)–$WNDW #solar–SolarWindow Technologies, Inc. (OTC: WNDW), the leading developer of
transparent electricity-generating coatings for glass windows and
flexible veneers, announced today that the company has been awarded its
first-ever advanced materials manufacturing Cooperative Research and
Development Agreement (CRADA) by the U.S. Department of Energy (DOE)
Office of Energy Efficiency and Renewable Energy’s (EERE) Advanced
Manufacturing Office (AMO).
SolarWindow was awarded the CRADA after submitting a proposal outlining
its process technologies and fabrication methods to the DOE’s
Roll-to-Roll Advanced Materials Manufacturing Consortium, led by Oak
Ridge National Laboratory (ORNL) and partnering with Argonne National
Laboratory (ANL), Lawrence Berkeley National Laboratory (LBNL), and the
National Renewable Energy Laboratory (NREL). The CRADA will be carried
out with the DOE by SolarWindow, ANL, and NREL.
“This CRADA supports our development of novel coating and fabrication
methods, manufacturing methods, and, in turn, expands our budget to help
us reach our goal of bringing SolarWindow™ products to market. We’re
honored to receive this award and grateful for the U.S. Department of
Energy’s commitment to backing American ingenuity, manufacturing, and
jobs,” stated Mr. John Conklin, President and CEO of SolarWindow
Technologies, Inc.
Eligibility for the award was based on companies or organizations that
develop and manufacture devices and systems in specialized areas for
commercial applications, or that will be able to manufacture products as
a direct result of the award.
SolarWindow is the developer of transparent electricity-generating
glass, which when fabricated into windows, could turn entire buildings
into vertical power generators. The company estimates that the market
for SolarWindow™ glass products for tall towers and skyscrapers
represents a $100 billion opportunity.
Targeting the estimated 5.6 million U.S. commercial buildings, which
consume almost $150 billion in electricity annually, the company’s
transparent electricity-generating windows could reduce energy costs by
up to 50%, according to independently-validated company power and
financial modeling.
DOE R2RAMM Laboratory Consortium
EERE's Advanced Manufacturing Office (AMO) supports early-stage research
to advance innovation in U.S. manufacturing and promote American
economic growth and energy security.
This DOE Laboratory Consortium is comprised of Oak Ridge National
Laboratory (ORNL), Argonne National Laboratory (ANL), National Renewable
Energy Laboratory (NREL), and Lawrence Berkeley National Laboratory
(LBNL), to work with industry partners to address roll-to-roll (R2R)
manufacturing deficiencies using an advanced materials manufacturing
(AMM) approach. The mission of the Consortium is to address the
manufacturing “gap” that is developing in R2R between U.S. manufacturers
and the rest of the world. The Consortium Laboratories have unique
capabilities that complement each other for the research, development,
testing and evaluation of energy saving technologies.
The objective of the Consortium is to partner with material, component,
device, and system manufacturers in order to investigate, improve, and
scale R2R process methodology that will increase manufacturing levels to
internationally significant quantities. Creation and preservation of
domestic manufacturing jobs is a primary goal.
About SolarWindow Technologies, Inc.
SolarWindow Technologies, Inc. creates transparent
electricity-generating liquid coatings. When applied to glass or
plastics, these coatings convert passive windows and other materials
into electricity generators under natural, artificial, low, shaded, and
even reflected light conditions.
Our liquid coating technology has been presented to members of the U.S.
Congress and has received recognition in numerous industry publications.
Our SolarWindow™ technology has been independently validated to generate
50-times the power of a conventional rooftop solar system and achieves a
one-year payback when modeled on a 50-story building.
Power and Financial Model Disclaimer
The company’s Proprietary Power Production & Financial Model (Power &
Financial Model) uses photovoltaic (PV) modeling calculations that are
consistent with renewable energy practitioner standards for assessing,
evaluating and estimating renewable energy for a PV project. The Power &
Financial Model estimator takes into consideration building geographic
location, solar radiation for flat-plate collectors (SolarWindow™
irradiance is derated to account for 360 degrees building orientation
and vertical installation), climate zone energy use and generalized
skyscraper building characteristics when estimating PV power and energy
production, and carbon dioxide equivalents. Actual power, energy
production and carbon dioxide equivalents modeled may vary based upon
building-to-building situational characteristics and varying
installation methodologies.
For additional information, please call Briana Erickson at 800-213-0689
or visit: www.solarwindow.com.
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Legal Notice Regarding Forward-Looking
Statements
No statement herein should be considered an offer or a solicitation of
an offer for the purchase or sale of any securities. This release
contains forward-looking statements that are based upon current
expectations or beliefs, as well as a number of assumptions about future
events. Although SolarWindow Technologies, Inc. (the “company” or
“SolarWindow Technologies”) believes that the expectations reflected in
the forward-looking statements and the assumptions upon which they are
based are reasonable, it can give no assurance that such expectations
and assumptions will prove to have been correct. Forward-looking
statements, which involve assumptions and describe our future plans,
strategies, and expectations, are generally identifiable by use of the
words “may,” “will,” “should,” “could,” “expect,” “anticipate,”
“estimate,” “believe,” “intend,” or “project” or the negative of these
words or other variations on these words or comparable terminology. The
reader is cautioned not to put undue reliance on these forward-looking
statements, as these statements are subject to numerous factors and
uncertainties, including but not limited to adverse economic conditions,
intense competition, lack of meaningful research results, entry of new
competitors and products, adverse federal, state and local government
regulation, inadequate capital, unexpected costs and operating deficits,
increases in general and administrative costs, termination of contracts
or agreements, technological obsolescence of the company's products,
technical problems with the company's research and products, price
increases for supplies and components, litigation and administrative
proceedings involving the company, the possible acquisition of new
businesses or technologies that result in operating losses or that do
not perform as anticipated, unanticipated losses, the possible
fluctuation and volatility of the company's operating results, financial
condition and stock price, losses incurred in litigating and settling
cases, dilution in the company's ownership of its business, adverse
publicity and news coverage, inability to carry out research,
development and commercialization plans, loss or retirement of key
executives and research scientists, changes in interest rates,
inflationary factors, and other specific risks. There can be no
assurance that further research and development will validate and
support the results of our preliminary research and studies. Further,
there can be no assurance that the necessary regulatory approvals will
be obtained or that SolarWindow Technologies, Inc. will be able to
develop commercially viable products on the basis of its technologies.
In addition, other factors that could cause actual results to differ
materially are discussed in the company's most recent Form 10-Q and Form
10-K filings with the Securities and Exchange Commission. These reports
and filings may be inspected and copied at the Public Reference Room
maintained by the U.S. Securities & Exchange Commission at 100 F Street,
N.E., Washington, D.C. 20549. You can obtain information about operation
of the Public Reference Room by calling the U.S. Securities & Exchange
Commission at 1-800-SEC-0330. The U.S. Securities & Exchange Commission
also maintains an Internet site that contains reports, proxy and
information statements, and other information regarding issuers that
file electronically with the U.S. Securities & Exchange Commission at http://www.sec.gov.
The company undertakes no obligation to publicly release the results of
any revisions to these forward looking statements that may be made to
reflect the events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events.
Contacts
SolarWindow Technologies, Inc.
Ms. Briana L. Erickson,
800-213-0689
[email protected]
www.SolarWindow.com
or
Media
Contact:
Damaak Group
415-799-8027
[email protected]
