SolarWindow Technologies, Inc. (OTCQB: WNDW), developer of transparent
liquid coatings that generate electricity on glass windows, today
announced new research outcomes favorable to low-cost high-speed
production in diverse geographic locations where altitude, air-pressure,
and humidity can otherwise effect chemistry and manufacturing.
By addressing chemistry-related manufacturing issues at different
altitudes, SolarWindow™ products could be commercially produced at
industrial centers as diverse as the sea-level Khalifa Industrial Zone
in Abu Dhabi, 600 feet higher alongside glass producers in Illinois, or
even at 7,000 feet above sea level with glass factories in Mexico.
“Our commercial strategy includes licensing and partnering our
technology with glass manufacturers, globally. While we’ve worked hard
to set records for power production and size, it’s now time to focus on
important steps to position us beyond the United States and in the
broadest possible geographic footprint,” explained Mr. John A. Conklin,
President and CEO of SolarWindow Technologies, Inc.
Already, SolarWindow™ technology boasts the industry’s fastest published
calculated return of under one-year when modeled for installation on a
50-story building. The prospect of low production costs in different
geographies could further boost the Company’s future commercialization
and licensing platforms.
“Looking ahead, our goals are high product performance, manufacturing
and installation, and commercial roll-out. Naturally, we want to produce
and commercially partner our SolarWindow™ products in virtually any
geography. Moreover, our approach to open-air production at high speeds
is one that traditional solar producers simply cannot keep up with.”
The physical location of industrial plants and their surrounding air
pressure and humidity, altitude, and other environmental factors
determine the behavior, flow, stability, and performance of chemical
coatings.
Unable to commercially operate in open-air environments, conventional
solar-PV producers have largely made use of specially designed equipment
for controlling air pressure and temperature as a work-around to the
behavior of chemistry. Consequently, their production can be cumbersome
and expensive.
“With our efforts sharply focused on the commercialization of
SolarWindow™, we anticipate increased activity in all facets of making
our first-of-its-kind technology manufacture-ready, easy to install, and
with warranty periods that meet industry standards,” stated Mr. Conklin.
Recently, the Company announced encouraging durability test results and
advancing efforts to meet and exceed 25-year commercial warranty
standards for SolarWindow™ coatings and their associated sealants.
For ease of installation in new and retrofit applications on skyscrapers
and tall towers, Company engineers unveiled plans for an easy power
connection system last month. The first-ever system would allow glaziers
and electricians to collect electricity from SolarWindow™ modules by
connecting building wires anywhere along the entire edge of the glass
inside the window frame. Previously, electricity generated on
SolarWindow™ modules was collected at individual, hard-wired points on
the glass.
In addition to reducing costs, ease of electrical installation will be
important to window fabricators, glass installers (i.e., glaziers),
electricians, and maintenance personnel.
For future manufacturing of SolarWindow™ products, today’s discovery
supports the application of the Company’s organic liquid coatings at
room temperature or ‘ambient’ conditions. This is especially important
since high-power SolarWindow™ modules are produced when commercially
available glass is coated with the Company’s see-through,
electricity-generating liquids.
“Having achieved a compelling financial model and significant strides
with manufacturability and product performance, the upcoming calendar
quarter will provide our supporters and stakeholders with important
insights into our commercialization pathway and timing. These are very
exciting times for all of us at SolarWindow,” concluded Mr. Conklin.
About SolarWindow Technologies, Inc.
SolarWindow Technologies, Inc. is a developer of next generation
electricity-generating SolarWindow™ coatings.
SolarWindow™ coatings generate electricity on see-through glass
and flexible plastics with colored tints popular to skyscraper glass.
Unlike conventional systems, SolarWindow™ can be applied to all four
sides of tall towers, generating electricity using natural and
artificial light conditions and even shaded areas. SolarWindow™ uses
organic materials, which are dissolved into liquid, ideal for low-cost
high-output manufacturing; and is the subject of a patent pending
technology.
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.
For additional information, please call Ms. Briana L. Erickson toll-free
at 1-800-213-0689 or visit: www.solarwindow.com.
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or visit our Media Relations page for additional contact information: http://solarwindow.com/media/media-relations/.
For answers to frequently asked questions, please visit our FAQs page: http://solarwindow.com/investors/faqs/.
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:
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*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.
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