SolarWindow Technologies, Inc. (OTCQB: WNDW) is engaged as a developer of transparent electricity-generating liquid coatings. Ultimately, the coatings are able to generate electricity, which can be harnessed into a generator. Shares of the solar window technology climbed 15% on Wednesday, May 17, 2017. Over the past month, SolarWindow Technologies, Inc. has seen average daily volume of 33,380 shares. However, volume of 207,230 shares or dollar volume of $678,678, has already exchanged hands on Wednesday.
Shares of SolarWindow Technologies, Inc. are rallying today, after the company announced that its electricity-generating glass has successfully been processed through the “rigorous autoclave system” at a commercial window fabricator. Despite being testing against heavy pressure and extreme temperatures, the window technologies continued to produce power and hold up. Here is the full press release detailing of the commercial window fabrication success:
SolarWindow Technologies, Inc. Press Release:
SolarWindow Technologies, Inc. (OTCQB: WNDW) announced today that its transparent electricity-generating glass has been successfully processed through the rigorous autoclave system for window glass lamination at a commercial window fabricator.
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Transparent Electricity-Generating SolarWindow™ Modules Achieve Manufacturing Breakthrough at Commercial Window Fabricator (Photo: SolarWindow)
Layered with SolarWindow™ electricity-generating liquid coatings, glass modules were subjected to the extremely high heat and pressure of autoclave equipment located at the fabricator’s facility. Despite the SolarWindow™ modules being subjected to the harsh pressure and temperature conditions, subsequent performance testing confirmed that the modules continued to produce power, paving the way for deployment of the company’s electricity-generating windows.
“This is one of the most important advancements for the commercial manufacturing of SolarWindow™ products, and marks a huge win for all our stockholders, supporters, and scientists and engineers. We’ve long championed the prospect of electricity-generating windows powering skyscrapers and tall towers, which alone consume almost 40% of all the electricity generated in the US,” explained Mr. John A. Conklin, President and CEO of SolarWindow Technologies, Inc.
When clad with electricity-generating windows, tall towers and skyscrapers could become clean power generators. A single SolarWindow™ installation on a 50-story building, for example, could reduce electricity costs by as much as 50% per year, avoid more than two million miles of equivalent carbon dioxide emitted by vehicles on the road, and achieve a one-year financial payback, according to independently-validated engineering modeling.
“I traveled to a custom window fabrication plant on the west coast and personally oversaw senior production staff assemble and position our SolarWindow™ modules inside the autoclave, close the door, and initiate the pump-down cycle,” recalled Conklin.
“Hours later, I witnessed first-hand the moment that our SolarWindow™ coatings and modules emerged unscathed, withstanding the extremely high-pressure and temperature inside. I knew immediately that this was a defining moment for SolarWindow.”
The autoclave manufacturing process uses high heat and pressure to bond layers of glass required for safety and architectural glass. Glass is held in place by an interlayer, between two or more layers of glass. The interlayer keeps the layers of glass bonded even when broken, and its high strength prevents the glass from breaking up into large sharp pieces. The company’s electricity-generating coatings are applied to the inside of these panes and laminate interlayer during manufacturing. The ability of these liquid coatings to withstand the autoclave process is critical to the production of electricity-generating windows.
Today’s announcement follows news that SolarWindow modules recently passed important weather-performance testing after being subjected to more than 200 freeze/thaw cycles. These results confirmed that the company’s electricity-generating coatings withstand real-world weather conditions and achieve long operational lifetimes no matter the outdoor environment that SolarWindow products are exposed to.
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.
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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 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.
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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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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.