SolarWindow Technologies, Inc. (OTC: WNDW; www.solarwindow.com), developer of transparent liquid coatings that convert passive windows into electricity-generating windows, today announced the use of a new high-performance polymer for the fabrication of its transparent electricity-generating SolarWindow™ coatings.
Incorporating an exclusive, non-fullerene polymer designed by Raynergy Tek, into the company’s proprietary new coating formulation generates greater power output than the polymers previously used. The new polymer also provides for higher visible light transmission, and expands the range of coating colors for future potential customers of our planned electricity-generating window product line.
“Today’s announcement is a result of our important collaboration with Raynergy Tek in the pursuit of increased power output and the enhanced transparency of SolarWindow™ coatings for use on glass products we are developing for commercial buildings of all types,” stated Mr. John A. Conklin, President & CEO of SolarWindow Technologies, Inc.
“We believe the new polymers will provide us greater control of color and transparency in our coatings, and should be more visually appealing to our potential customers, builders, developers; and architects, engineers, and designers.”
Today’s announcement regarding the use of high-performance polymers to fabricate SolarWindow™ coatings was made possible by performance measurements performed by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) scientists Rosemary Bramante, MS; Mickey Wilson, MS; Matthew Heinemann, MS; Maikel van Hest, PhD; James Whitaker, PhD; and Bertrand Tremolet de Villers, PhD, while working on the company’s Cooperative Research and Development Agreement (CRADA).
The company’s collaboration with Raynergy Tek was established to pursue increased power and transparency of SolarWindow™ coatings. Headquartered in Taiwan and backed by several Taiwan Public listed companies, Raynergy Tek is a world leader in organic photovoltaics technology and develops next-generation materials in chemistry, materials science and device physics.
Along with its CRADA with NREL and its agreement with Raynergy Tek, the company also has a Process Integration and Production Agreement with Triview Glass Industries, an award-winning custom glass fabricator based in suburban Los Angeles. Initially working to establish manufacturing processes and a production line through this agreement, SolarWindow and Triview plan to fabricate specific SolarWindow™ electricity-generating glass products at commercial scale.
The company is targeting the estimated 5.6 million U.S. commercial buildings, which consume almost $150 billion in electricity annually. When clad to a tall tower, for example, the company’s transparent electricity-generating windows could reduce energy costs by up to 50%, according to independently-validated company power and financial modeling and building operating conditions.
According to the National Glass Association, the global market for fabricated flat glass products represents a $100 billion market.
Among our many priorities will be the introduction of various new product iterations and the unveiling of our largest SolarWindow™ ever produced. Today’s high-performance polymer announcement comes on the heels of other recent important company advancements, including:
About SolarWindow Technologies, Inc.
SolarWindow Technologies, Inc. (Symbol: WNDW; www.solarwindow.com) 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.
SolarWindow is 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.
For additional information, please call Briana Erickson at 800-213-0689.
Media Contact: media@solarwindow.com
Follow SolarWindow on Facebook: https://www.facebook.com/SolarWindowTechnologies
Follow SolarWindow on LinkedIn: https://www.linkedin.com/company/solar-window-technology/
Follow SolarWindow on Twitter: @solartechwindow
Receive future press releases: https://www.solarwindow.com/join-our-email-list/.
Full HTML text of this release: https://www.solarwindow.com/corporate/news-events/.
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.
Social Media Disclaimer
SolarWindow investors and others should note that we announce material information to the public about the company through a variety of means, including our website (https://www.solarwindow.com/investors), through press releases, SEC filings, public conference calls, via our corporate Twitter account (@solartechwindow), Facebook page (https://www.facebook.com/SolarWindowTechnologies) and LinkedIn page (https://www.linkedin.com/company/solar-window-technology/) in order to achieve broad, non-exclusionary distribution of information to the public and to comply with our disclosure obligations under Regulation FD. We encourage our investors and others to monitor and review the information we make public in these locations as such information could be deemed to be material information. Please note that this list may be updated from time to time.