SolarWindow Technologies, Inc. (OTCQB: WNDW) develops energy-generating technology that can be deployed to glass windows and plastic products, in order to help generate electricity. Shares of SolarWindow Technologies are up 10% during early trading Wednesday, September 7, 2016. Over the past month, the solar window company has seen average daily volume of 63,838 shares. However, 116,100 shares or dollar volume of $470,205 has already exchanged hands early Wednesday.
Shares of SolarWindow Technologies are catching a bid this morning, after management announced the company has initiated development on transparent electricity-generating veneers. With an estimated 430 million square feet of windows in the U.S. alone, SolarWindow Technologies has a vast opportunity to deploy its energy-generating technology to high rise buildings, residential buildings, and other commercial locations. Here is the press release detailing of the development initiation:
SolarWindow Technologies, Inc. Press Release:
COLUMBIA, Md.–(BUSINESS WIRE)–SolarWindow Technologies, Inc. (WNDW), the leading developer of transparent electricity-generating liquid coatings for glass and flexible plastics, announced that it has begun initial work on transparent electricity-generating veneers. These could be applied directly on to existing windows of homes and commercial buildings, for which there are an estimated over 430 million square feet of windows in the U.S. alone.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160906005850/en/
To address the marketplace for existing properties, especially the five million tall towers that consume almost 40% of the electricity generated in the United States, SolarWindow envisions transparent flexible veneers that have an innovative ‘fastening system’ on one side and a transparent electricity-generating coating on the other. To convert an existing passive window into an electricity-generating active window with a SolarWindow™ veneer, installers would simply cut the veneers to size on location and attach the ‘fastening system’ to existing glass. Then, using a proprietary interconnection system, the electricity generated can be routed into the building’s electrical system or connected directly to fixtures for use.
SolarWindow has already developed proprietary, patent-pending, electricity-generating liquid coatings being engineered to be applied to new glass during high-speed manufacturing using existing infrastructure and fabrication processes at room temperature and atmospheric pressure. The company’s transparent SolarWindow™ technology is so revolutionary that it has been presented before members of the U.S. Congress and received noteworthy recognition in many well-known publications worldwide.
When newly manufactured glass is coated with SolarWindow™ electricity-generating liquids and fabricated into a window, it has the potential of turning entire buildings into vertical power generators, reducing electricity costs by up to 50% per year. SolarWindow™ can provide a one-year financial payback while producing 50-times greater energy than rooftop solar when modeled for a 50-story building, according to the company’s independently validated Power & Financial Model. For the same modeled building, SolarWindow™ modules could provide the equivalent reductions in carbon dioxide emissions produced by as much as 770 acres of forest sequestering carbon dioxide.
For the new construction market, SolarWindow is currently engaged in various initiatives and ongoing discussions with leading financial and industry participants for the integration and eventual commercialization of the SolarWindow™ coatings into the flat glass market, which is a $72 billion industry worldwide.
SolarWindow plans to release additional information, developments, images and videos about these transparent veneers for retrofitting existing passive windows on homes and commercial building windows in the near future.
About SolarWindow Technologies, Inc.
SolarWindow Technologies, Inc. is the developer of proprietary, patent-pending, colored and transparent electricity-generating liquid coatings for glass and plastics for commercial and residential buildings. SolarWindow™ coatings are applied as liquids at room temperature and atmospheric pressure, ideal for low-cost, high-throughput manufacturing. When newly manufactured glass is coated with SolarWindow™ electricity-generating liquids and fabricated into a window, these windows can be installed on all sides of tall towers, generating electricity using natural; and artificial, low, shaded, and reflected light conditions.
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.