SolarWindow Production & Product Update on Electricity-Generating Glass
COLUMBIA, Md.–(BUSINESS WIRE)–$WNDW #solar–SolarWindow Technologies, Inc. (OTCQB: WNDW) today provides an important
update on the manufacturing, marketing and product fabrication targets
for its electricity-generating products for tall towers and skyscrapers.
This update provides further details about the company’s key in-place
and planned initiatives for the upcoming quarters and follows on the
heels of its recently announced production agreement with Triview Glass
Industries LLC, an award-winning custom fabricator located in suburban
Los Angeles.
Consuming almost 40% of all the electricity generated in the U.S., at a
cost of over $140 billion, commercial buildings are ideal customers for
the company’s electricity-generating windows. SolarWindow™ products
could reduce electricity demand by 30%-50% in tall towers and provide a
one-year financial payback, according to independently-validated
engineering modeling.
“Our first goal was to invent transparent liquid electricity-generating
coatings for commercial use,” states Mr. John Conklin, President and CEO
of SolarWindow Technologies. “Now, our goals are to turn those
inventions into fabricated commercial products and bring those products
to market in order to turn entire buildings into vertical power
generators.”
SOLARWINDOW PRODUCTION AGREEMENT
SolarWindow has entered into a Process Integration and Production
Agreement with Triview Glass Industries, LLC, which will serve as the
company’s regional glass fabricator.
With its state-of-the-art plant, producing twelve specialty glass
product lines, Triview is the company’s first-ever production site.
Important goals and features of the Agreement and SolarWindow
partnership with Triview include:
-
Integration of SolarWindow™ coatings and methods into the Triview
manufacturing processes; -
Fabrication of specific SolarWindow™ electricity-generating products
at commercial scale, at Triview; -
Development of any patents, intellectual property, and new inventions
or discoveries will be owned by SolarWindow; and -
Existing processes at Triview are highly-adaptable to the development
of new SolarWindow™ product lines, especially those featuring
tempered, laminated, and insulated glass products.
Triview manufactures a wide variety of architectural and decorative
glass products using specific production methods and processes which
support the fabrication of SolarWindow™ electricity-generating glass.
MARKET DEPLOYMENT
In preparation of meeting immediate manufacturing, marketing, and
expanded product application goals, SolarWindow is pleased to provide
the following key in-place and planned initiatives:
-
Q4 (2017) – Q2 (2018): Capital raise for
integration of SolarWindow ™ at Triview, the acquisition of coating
and ancillary equipment for installation at Triview to fabricate
electricity-generating glass products, and for working capital.
SolarWindow
will provide ongoing updates on fabrication and production targets,
and additional commercial collaborations.
-
Q2 – Q3 (2018): Follow-on capital raise
for the build-out of technical and production personnel; and purchase
and installation of additional manufacturing equipment, raw materials
and supplies.
Ongoing updates on product lines; sales and
marketing, and distribution channels will be provided by SolarWindow.
TECHNOLOGY
Novel SolarWindow technologies for generating electricity on glass are
the result of numerous years of research and development. Among
important breakthroughs which have enabled today’s announcement:
-
SolarWindow scientists and engineers applied layers of the company’s
liquid coatings on to Corning® Willow® Glass and laminated them under
conditions that simulate the high pressure and temperatures of the
manufacturing processes used by commercial glass and window producers.
The result is a bendable glass ‘veneer’, as thin as a business card,
which generates electricity; -
SolarWindow™ electricity-generating coatings withstand real-world
environmental conditions, including extreme temperatures variations;
and -
Engineers confirmed the ability of SolarWindow electricity-generating
coatings to withstand the high-stress rigors of the ‘autoclave’
manufacturing processes used by commercial glass and window producers.
Autoclave-manufacturing is a common method of production for flat,
curved, tempered and solar glass fabrication.
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.
Social Media Disclaimer
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
channels listed below:
* This list may be updated from time to time.
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
Briana@SolarWindow.com
www.SolarWindow.com
or
Media
Contact:
TrendLogic PR
800-992-6299
contact@trendlogicpr.com
