COLUMBIA, Md. -- (Business Wire)
SolarWindow Technologies, Inc. (OTCQB: WNDW) announced today that the
company has advanced collaboration with one of the world’s leading
suppliers of organic photovoltaic materials, used by SolarWindow to coat
ordinary glass and turn it into electricity-generating windows. The
collaboration with Raynergy Tek supports the company’s pursuit of
high-volume production, increased power output, and enhanced
transparency of SolarWindow™ products for tall towers and skyscrapers.
This press release features multimedia. View the full release here:
SolarWindow Announces Collaboration to Pursue High-Volume Production of Electricity-Generating Windows (Photo: SolarWindow Technologies, Inc.)
Today’s news follows a SolarWindow announcement regarding its Process
Integration and Production Agreement with Triview Glass Industries LLC,
an award-winning custom glass fabricator located in suburban Los Angeles.
Using its established manufacturing processes and production line,
Triview will work to fabricate specific SolarWindow™
electricity-generating glass products at commercial scale by integrating
SolarWindow™ coatings, methodologies and technologies. SolarWindow
technologies are the subject of a wide-ranging intellectual property
Targeting commercial buildings, which consume almost 40% of all the
electricity in the United States, the company’s transparent
electricity-generating windows could reduce energy costs by up to 50%
and achieve a one-year financial payback for building owners, the
industry’s fastest financial return, according to
independently-validated power and financial modelling.
“Our clear priority is to bring SolarWindow™ electricity-generating
products to a $100 billion global market,” stated Mr. John Conklin,
President and CEO of SolarWindow Technologies, Inc.
“This collaboration with Raynergy moves SolarWindow closer towards our
goal of commercial sales and production, while ensuring a reliable
supply of high-performance organic materials and preferred pricing
necessary for the production of our electricity-generating glass.”
“We see a viable and wide-open market for electricity-generating glass,
and a strong pathway to commercialization for SolarWindow,” stated Dr.
Phoebe Tan, Chief Executive Officer of Raynergy Tek. “Raynergy prides
itself on contributing to its partners’ success, and we’re pleased to
support SolarWindow in the advancement of its innovative products.”
The company is working to fabricate specific SolarWindow™
electricity-generating glass products by integrating its coating
processes, methodologies and technologies into established manufacturing
processes at Triview, using specialized materials provided by Raynergy.
Raynergy Tek is a world leader in organic photovoltaics (OPV)
technology, headquartered in Hsinchu, Taiwan and backed by several
Taiwan Public listed companies. Raynergy focuses on specialty chemical
for solution processable OPV technology, specifically Raynergy has
demonstrated kilogram scale of specialized polymer production.
Furthermore, Raynergy has strong intellectual property position, and
places concerted effort on the emerging clean energy market. Its solar
application prototyping facility bridges the gap from lab research to
The Raynergy Innovation Center, located in Hsinchu, Taiwan, develops
next-generation materials in chemistry, materials science and device
physics, pushing the frontier of photovoltaic technology.
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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Legal Notice Regarding Forward-Looking
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180213005032/en/
SolarWindow Technologies, Inc.
Ms. Briana L. Erickson,
Source: SolarWindow Technologies, Inc.
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