SolarWindow Technologies, Inc. (OTCQB: WNDW), the leading developer of
first-of-its-kind transparent electricity-generating coatings for glass
and flexible plastics, today announced it has named Patrick Sargent as
its Vice President of Product Development and Engineering. In this
position, Sargent will use his knowledge and insight of the glass and
photovoltaic (PV) industries to guide the scale-up and pre-industrial
processing of SolarWindow™ technologies necessary for commercialization.
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Patrick Sargent, Vice President of Product Development and Engineering, SolarWindow Technologies, Inc. (Photo: Business Wire)
“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 Sargent. “Manufacturability is one of the technology’s
most compelling features, and is a real competitive edge in this market.
SolarWindow™ liquid coatings can be applied onto glass at high speeds
and at large scale.”
In addition to targeting new installations, the company recently
announced that its products are being developed as transparent, tinted,
flexible veneers that installers can apply directly over top of existing
windows on tall towers and skyscrapers. This expanded product line
broadens the company’s market reach beyond new and replacement
installations. Currently, there are an estimated five million commercial
buildings constructed in the U.S. alone.
Sargent joins the company following the appointment of former Duke
Energy veteran and power grid expert, Curtis Watkins, as Vice President
of Energy Markets and Utilities.
“Mr. Sargent’s addition to our team helps us develop and refine our
production processes to demonstrate seamless integration of our product
with glass manufacturing and chemical coatings industry methods,” said
John A. Conklin, President and CEO, SolarWindow Technologies, Inc. “Mr.
Sargent’s industrial know-how is especially valuable to our company as
we develop strategic commercial partnerships and advance our
go-to-market strategy.”
Sargent previously served at Asahi Glass Company, a $10 billion
international glass producer, as Photovoltaics Cover Technology Leader
for its North American Solar Business Unit. He also worked at technology
giants Lucent Technologies and Fujitsu Network Communications.
A mechanical engineer, Mr. Patrick T. Sargent earned his Mechanical and
Industrial Engineering undergraduate degrees from Georgia Tech
University and subsequently his MBA at Kennesaw State University. He is
a charter member and board member of the Tennessee chapter of SEIA and a
member of GSEA and GANA, where he often entertains speaking engagements.
He holds certifications with Six Sigma and the North American Board of
Certified Energy Practitioners (NABCEP).
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.
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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
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reader is cautioned not to put undue reliance on these forward-looking
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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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