SolarWindow Enters Into Agreement for Production of its Electricity-Generating Glass with Award-Winning Fabricator
COLUMBIA, Md.–(BUSINESS WIRE)–$WNDW #solar–SolarWindow Technologies, Inc. (OTCQB: WNDW), developer of
electricity-generating windows for tall towers and skyscrapers, is
pleased to announce that the company has entered into an agreement for
the fabrication of SolarWindow™ products with suburban Los Angeles-based
Triview Glass Industries, LLC.
The prospect of generating electricity on commercial buildings, which
consume nearly 40% of all electricity generated in the US, is made
possible when transparent SolarWindow™ electricity-generating liquid
coatings are applied to glass surfaces.
As the company’s select regional fabricator in North America, Triview
Glass will work to fabricate specific SolarWindow™
electricity-generating glass products at commercial scale by integrating
SolarWindow™ technologies into its manufacturing processes.
Commercial buildings are ideal customers for electricity-generating
windows, which could reduce electricity demand by 30%-50% and provide a
one-year financial payback, according to independently-validated
engineering modeling for a 50-story building.
“I’m proud that we are the fabricator for this innovative
electricity-generating glass technology by SolarWindow,” stated Mr. Alex
Kastaniuk, President, CEO and Founder of Triview Glass Industries, LLC.
“It’s especially rewarding to apply my 52 years of specialty glass
experience to the fabrication of this brand-new innovation.”
“We’ve long awaited the opportunity to integrate SolarWindow™
technologies into commercial scale production, and I believe that our
agreement with Triview puts us well on that path,” explained SolarWindow
President and CEO, Mr. John A. Conklin.
Recently, the company achieved an important fabrication step leading to
today’s announcement. SolarWindow™ electricity-generating coatings were
successfully processed through the rigorous autoclave system for window
glass lamination at Triview.
Layered with SolarWindow™ coatings, glass modules were subjected to the
extremely high heat and pressure of autoclave equipment located at
Triview. Despite the harsh conditions, subsequent performance testing
confirmed that SolarWindow™ modules continued to produce electricity,
paving the way for today’s announcement and eventual deployment of the
company’s electricity-generating glass products.
SolarWindow investors, shareholders and interested parties are reminded
of the company’s upcoming production update, to be released on September
7, 2017. To receive updates by email, please click
here to subscribe.
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.
For additional information, please call Briana Erickson at 800-213-0689
or visit: www.solarwindow.com.
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For answers to frequently asked questions, please visit our FAQs page: http://solarwindow.com/investors/faqs/.
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 degree 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.
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Investors and others should note that we announce material financial
information to our investors using SEC filings and press releases. We
use our website and social media to communicate with our subscribers,
shareholders and the public about the company, SolarWindow™ technology
development, and other corporate matters that are in the public domain.
At this time, the company will not post information on social media
could be deemed to be material information unless that information was
distributed to public distribution channels first. We encourage
investors, the media, and others interested in the company to review the
information we post on the company’s website and the social media
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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
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