SolarWindow Awarded U.S. Department of Energy Grant for Advanced Manufacturing
SolarWindow Technologies, Inc. (OTC: WNDW), the leading developer of transparent electricity-generating coatings for glass
windows and flexible veneers, announced today that the company has been awarded its first-ever advanced materials manufacturing
Cooperative Research and Development Agreement (CRADA) by the U.S. Department of Energy (DOE) Office of Energy Efficiency and
Renewable Energy’s (EERE) Advanced Manufacturing Office (AMO).
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SolarWindow was awarded the CRADA after submitting a proposal outlining its process technologies and fabrication methods to the
DOE’s Roll-to-Roll Advanced Materials Manufacturing Consortium, led by Oak Ridge National Laboratory (ORNL) and partnering with
Argonne National Laboratory (ANL), Lawrence Berkeley National Laboratory (LBNL), and the National Renewable Energy Laboratory
(NREL). The CRADA will be carried out with the DOE by SolarWindow, ANL, and NREL.
“This CRADA supports our development of novel coating and fabrication methods, manufacturing methods, and, in turn, expands our
budget to help us reach our goal of bringing SolarWindow™ products to market. We’re honored to receive this award and grateful for
the U.S. Department of Energy’s commitment to backing American ingenuity, manufacturing, and jobs,” stated Mr. John Conklin,
President and CEO of SolarWindow Technologies, Inc.
Eligibility for the award was based on companies or organizations that develop and manufacture devices and systems in
specialized areas for commercial applications, or that will be able to manufacture products as a direct result of the award.
SolarWindow is the developer of transparent electricity-generating glass, which when fabricated into windows, could turn entire
buildings into vertical power generators. The company estimates that the market for SolarWindow™ glass products for tall towers and
skyscrapers represents a $100 billion opportunity.
Targeting the estimated 5.6 million U.S. commercial buildings, which consume almost $150 billion in electricity annually, the
company’s transparent electricity-generating windows could reduce energy costs by up to 50%, according to independently-validated
company power and financial modeling.
DOE R2RAMM Laboratory Consortium
EERE's Advanced Manufacturing Office (AMO) supports early-stage research to advance innovation in U.S. manufacturing and promote
American economic growth and energy security.
This DOE Laboratory Consortium is comprised of Oak Ridge National Laboratory (ORNL), Argonne National Laboratory (ANL), National
Renewable Energy Laboratory (NREL), and Lawrence Berkeley National Laboratory (LBNL), to work with industry partners to address
roll-to-roll (R2R) manufacturing deficiencies using an advanced materials manufacturing (AMM) approach. The mission of the
Consortium is to address the manufacturing “gap” that is developing in R2R between U.S. manufacturers and the rest of the world.
The Consortium Laboratories have unique capabilities that complement each other for the research, development, testing and
evaluation of energy saving technologies.
The objective of the Consortium is to partner with material, component, device, and system manufacturers in order to
investigate, improve, and scale R2R process methodology that will increase manufacturing levels to internationally significant
quantities. Creation and preservation of domestic manufacturing jobs is a primary goal.
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.
Power and Financial Model Disclaimer
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 degrees 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 Briana Erickson at 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.
SolarWindow Technologies, Inc.
Ms. Briana L. Erickson, 800-213-0689
Briana@SolarWindow.com
www.SolarWindow.com
or
Media Contact:
Damaak Group
415-799-8027
media@solarwindow.com
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