SolarWindow Technologies, Inc. (OTCQB: WNDW) has revealed for the first
time its revenue, industry partnership, and build-out strategy for
bringing the company’s proprietary electricity-generating windows to
market during its August 20, 2015 webcast.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20150821005690/en/
See-Through SolarWindow™ Generates Electricity, as Featured in Video (Photo: Business Wire)
(Click
here to view complete webcast.)
“I’ve never seen a technology with the kind of potential that I see with
SolarWindow™ where you have the very real prospect of turning entire
skyscrapers into electricity power generators,” said Curtis Watkins,
Project Manager, Emerging Technologies, Duke Energy, and a SolarWindow
Advisor.
“Utilities need to address renewables in a couple of different ways. Our
customers say renewables are important to them and we have to find
solutions for them so we’ve developed a Distributed Generation Group and
SolarWindow presents a fantastic opportunity for that,” said Watkins.
A video demonstration of SolarWindow™ generating electricity from both
direct sunlight and in low-light indoor conditions is available
here.
“We are fundamentally stronger today than ever before,” said John A.
Conklin, President and CEO of SolarWindow Technologies, Inc. “Our
technology works. We are on track to bring the world’s first-of-its-kind
electricity-generating window to market.”
The highlight of the webcast explains the build-out of commercial
SolarWindow™ products. Industry experts and management also answered
important questions, including:
-
How SolarWindow is preparing for commercial production in order to
generate revenue
-
How the company is formalizing relationships with the glass, energy
and building industries, in order to give SolarWindow instant
commercial reach
“The tinkering is over. All of us are witnessing one of the biggest
breakthroughs in clean energy and we are focused on commercialization
over the next 28 months – a very short home stretch, and the steps I
have outlined in the webcast will get us there,” said Conklin.
Renewable energy tax expert, Ken Schuckers, explained that, “SolarWindow
has calculated the fastest financial return I’ve ever seen, under one
year.” Schuckers’ credentials include Deloitte & Touche, LLP, and
Partner at Grant Thornton, LLP.
Schuckers further detailed how the one-year payback is modeled and
validated, and stated that, “Most solar companies are looking at a four
to five year payback. In best-cases, we’re lucky to see less than four
years.”
SolarWindow™ modules can produce more than 50 times more power than
rooftop solar when modeled for an installation on a single 50-story
building; and achieves more than 12 times the environmental benefits,
according to company engineers.
“One of the most impressive features about SolarWindow™ is how it’s
being developed for direct integration with existing fabrication and
glass manufacturing processes using high speed and large-area coating
methods,” said Patrick Sargent, SolarWindow Advisor and former
Photovoltaics Cover Technology Leader at one of the world’s largest
glass producers, where he manufactured glass for solar energy
applications.
“We don’t need to disrupt the primary manufacturers’ $30-$80 million
dollar float or fabrication lines to incorporate SolarWindow processes.
Our coatings can be applied at the glass plant after the glass is
manufactured, cut, and edged, if required. Nobody – ever – has achieved
this type of technology or product before.”
The SolarWindow™: Power Reinvented webcast was hosted by John A.
Conklin, President and CEO of SolarWindow and featured
scientists, company and industry-leading guest speakers discussing the
company’s technology, product timeline, recent technological
developments, and innovations.
The cost of electricity is increasing and Government initiatives are in
full swing, like the Clean Power Plan, which mandates that electricity
needs to be generated in more efficient and less expensive ways. The
Administration’s plan calls for power plants to reduce their emissions
by one-third. An estimated 35 percent of this electricity is consumed by
commercial buildings, the target market for SolarWindow.
About SolarWindow Technologies, Inc.
SolarWindow Technologies, Inc. is a developer of next generation,
transparent 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.
To receive future press releases via email, please visit: http://solarwindow.com/join-our-email-list/.
Follow us on Twitter @solartechwindow,
or follow us on Facebook.
To view the full HTML text of this release, please visit: http://solarwindow.com/media/news-events/.
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, SolarWindowTM 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:
• Facebook
• Twitter
* 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150821005690/en/
Copyright Business Wire 2015