SolarWindow to Broaden Market Reach with Expanded Product Line for Generating Electricity on Glass
Latest SolarWindow™ products to turn existing commercial glass on tall towers into electricity generating windows — no replacement required.
Columbia, MD – September 23, 2015 – SolarWindow Technologies, Inc. (OTCQB: WNDW), a leading developer of first-of-their-kind transparent electricity-generating coatings, today announced that the company’s latest products will be engineered as transparent, tinted, flexible veneers that installers can apply directly over top of existing windows on tall towers and skyscrapers. This expanded product line broadens the company’s market reach beyond new and replacement installations, to include windows currently installed on the estimated five million commercial buildings constructed in the U.S. alone.
Today’s product expansion announcement follows the successful unveiling of SolarWindow™ working prototypes for new construction and replacement windows, only weeks earlier. These latest retrofit systems will be developed in addition to the SolarWindow™ products already under commercialization.
“Our latest goal is to augment installation of SolarWindow™ products in the new construction market with retrofits for existing buildings,” said John A. Conklin, President and CEO of SolarWindow Technologies, Inc. “Since commercial buildings account for 35% of all electricity consumed, this market opportunity is especially significant for all of our stakeholders. We want to constantly push the boundaries with our liquid, electricity-generating coatings.”
SolarWindow™ achieves the industry’s fastest published financial payback of less than one year as validated by a team of independent engineers and at the University of North Carolina Charlotte Energy Production and Infrastructure Center (UNCC-EPIC).
Engineers envision installing SolarWindow™ products on all four sides of tall towers, generating electricity using natural, shaded, and even artificial light. Conventional solar does not work in shaded areas or perform under artificial light. As a result, SolarWindow™ modules outperform today’s rooftop solar by as much as 50-fold more energy generated when modeled for installation on a 50-story building.
A single installation of the company’s SolarWindow™ technology is calculated to avoid 2.2 million miles of vehicle pollution, at least 12-times more than today’s solar systems on building rooftops; and could reduce carbon emissions equivalent to 770 acres of forest, compared to today’s rooftop (PV) systems equivalent to only 20 to 70 acres of forest, according to engineers.
Today’s milestone announcement comes on the heels of the company’s August 20, 2015 webcast that revealed for the first time its revenue, industry partnership, and build-out strategy for bringing SolarWindow™ products to market. The event featured SolarWindow and industry experts discussing the company’s technology objectives, commercialization path, recent technological advances, logistical challenges, and breakthroughs. Click here to view the complete webcast.
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 received recognition in numerous industry publications. Our SolarWindow™ technology may generate 50-times the power of a conventional rooftop solar system and may achieve a one-year payback when installed on all four sides of a 50-story building, according to independently-validated 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.
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