SolarWindow Technologies, Inc. (OTCQB: WNDW), the leading developer of
electricity-generating transparent coatings for glass and flexible
plastics, released today ‘behind the scenes’ video of its collaborative
research and development taking place at the U.S. Department of Energy’s
National Renewable Energy Laboratory (NREL).
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Dr. Scott Hammond, SolarWindow Technologies' Principal Scientist, prepares equipment for processing. (Photo: Business Wire)
This comes just weeks after SolarWindow announced it had entered into
Phase III of its longstanding Cooperative Research and Development
Agreement (CRADA) with NREL, one of the most respected and advanced
solar-photovoltaic research institutions in the world.
Click here to view a video of SolarWindow™ in the Lab: http://solarwindow.com/2016/03/solarwindow-in-the-lab/.
The video features footage of NREL and SolarWindow scientists applying
transparent electricity-generating SolarWindow™ coatings, utilizing
NREL’s state-of-the-art manufacturing and testing equipment located in
the Process Development and Integration Lab (PDIL). In the short
presentation is SolarWindow Principal Scientist, Dr. Scott Hammond, and
NREL scientist, Dr. Scott Mauger, applying electricity-generating
coatings to glass; and Dr. Hammond and NREL Research Associate Talysa
Stockert coating and inspecting a SolarWindow™ module in a glovebox.
“Now that we’ve kicked off CRADA Phase III for the development of
SolarWindow™ products, we are excited to provide a look inside NREL
during a few of our fabrication processes to reveal some of our
innovative development work,” said John A. Conklin, President and CEO of
SolarWindow.
SolarWindow™ coatings are under development for transparent glass
windows for tall towers and skyscrapers. SolarWindow™ modeling shows
that its technology achieves the industry’s fastest published financial
payback of less than one year as validated by a team of independent
engineers and scientists at the University of North Carolina Charlotte
Energy Production and Infrastructure Center (UNCC-EPIC).
SolarWindow™ independently validated modeling also shows SolarWindow
outperforms rooftop solar technologies by generating 50-times more
energy due to its ability to cover large glass surfaces on a tall tower
or skyscraper. It also achieves 15 times the environmental benefit
compared to traditional solar power generation technologies.
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
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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