SolarWindow Appoints Chief Financial Officer, Mr. Steve Yan-Klassen, CPA, CMA
SolarWindow Technologies, Inc. (OTC: WNDW), developer of transparent coatings that turn ordinary glass into
electricity-generating windows, announced the appointment of its Chief Financial Officer, Mr. Steve Yan-Klassen, who brings more
than 20 years of public company accounting and financial statement auditing experience, stock exchange reporting, regulatory
compliance, and corporate finance experience covering a broad range of industries, including technology, energy, and
manufacturing.
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Mr. Steve Yan-Klassen, CPA, CMA, Chief Financial Officer, SolarWindow Technologies, Inc. (Source: SolarWindow)
“It’s my honor and privilege to welcome Steve to our SolarWindow team; Steve’s appointment as CFO brings two decades of public
company accounting, audit, corporate finance and regulatory compliance experience to the company,” stated Mr. John Conklin,
President and CEO of SolarWindow Technologies, Inc.
“Although Steve is our CFO, he’s our critical partner for providing an overall view of finance, market developments, and keeping
his eyes wide open on our future, and guiding our success.”
As a Chartered Professional Accountant and a Certified Management Accountant, Mr. Yan-Klassen has had extensive experience in
the preparation of complex deferred income tax calculations and models involving multiple tax jurisdictions and foreign currency
issues, assisting real estate trusts with wind-ups and distributions, mortgage investment corporations with valuations analysis and
reporting, as well as private companies and charities with assurance work, including tax and information returns.
Mr. Yan-Klassen’s appointment follows recent technology news announcing:
- The filing of more than 90 U.S. and international patents and trademarks for protecting its brand
identities, products, services, processes, and materials. Our technology is featured in our ‘Imagine – SolarWindow’ video:
https://solarwindow.com/2016/05/imagine-solarwindow;
- An alliance with nTact, a global leader in coating process equipment, to prototype, test, and
manufacture machinery and equipment necessary for coating glass and flexible materials with the company’s transparent
electricity-generating coatings, which will be used to create a manufacturing line;
- A new company performance record for power efficiency with a 34% increase in performance over
previous generations of its transparent electricity-generating glass; and
- The collaboration with Raynergy Tek, one of the world’s leading suppliers of organic photovoltaic
materials, used by SolarWindow to coat ordinary glass and turn it into electricity-generating windows to support the company’s
pursuit of high-volume production, increased power output, and enhanced transparency of SolarWindow™ products for tall towers and
skyscrapers.
The company continues to work on its Process Integration and Production Agreement with Triview Glass Industries, LLC, an
award-winning custom glass fabricator located in suburban Los Angeles, where the company plans to fabricate specific SolarWindow™
electricity-generating glass products at commercial scale.
About SolarWindow Technologies, Inc.
SolarWindow Technologies, Inc. creates transparent electricity-generating liquid coatings. When applied to glass or plastics,
these coatings convert passive windows into electricity-generating windows, which produce power under natural, artificial, low,
shaded, and even reflected light conditions.
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% and achieve a one-year financial
payback for building owners, the industry’s fastest financial return, according to independently-validated company power and
financial modeling.
Power and Financial Model Disclaimer
The company’s Proprietary Power Production & Financial Model (Power & Financial Model) uses photovoltaic (PV) modeling
calculations, which 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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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.
SolarWindow Technologies, Inc.
Ms. Briana L. Erickson, 800-213-0689
Briana@SolarWindow.com
www.SolarWindow.com
or
Media Contact:
Damaak Group
415-488-5281
media@solarwindow.com
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