SolarWindow Wins 2017 BIG Innovation Award
Business Intelligence Group Names SolarWindow as “Shining Star” of Innovation and a Chairman’s Choice Winner This Year
Columbia, MD – February 7, 2017 – SolarWindow Technologies, Inc. (OTCQB: WNDW), the leading developer of transparent electricity-generating coatings for windows on tall towers and skyscrapers, today announced it has been named a winner in the 2017 BIG Innovation Awards presented by the Business Intelligence Group.
The BIG Innovation Awards recognize companies and people who bring new ideas to life, and change the way we experience the world. Organizations from across the globe submitted their innovations for consideration in the 2017 BIG Innovation Awards. Nominations were then judged by a select group of business leaders and executives who volunteer their time and expertise to score submissions and provide feedback.
SolarWindow is developing transparent electricity-generating technology for glass and flexible veneers that has the potential to turn skyscrapers and tall towers into ‘clean power generators’. Unlike conventional solar photovoltaic (PV) systems, the company’s coatings can be applied to all sides of tall towers, generating electricity using natural and artificial light, as well from diffused and reflected light, and in shaded areas.
When applied to a 50-story building, SolarWindow™ could avoid more than two million miles of equivalent carbon dioxide emitted by vehicles on the road, reduce electricity costs by as much as 50 percent per year, provide 15-times the environmental benefits over other roof-top solar PV systems, and according to independently-validated engineering modeling, could achieve a one-year financial payback.
“The sheer pace of innovation is accelerating in virtually every industry as new technology allows corporations and other organizations to rethink how they approach and solve real problems that affect the way we work, love and play,” said Maria Jimenez, chief operating officer of the Business Intelligence Group. “We are thrilled to be honoring SolarWindow as they are leading by example and making real progress on improving the daily lives of so many.”
“We are honored to be recognized by this distinguished panel of business leaders for our work in developing possibly the biggest single breakthrough in clean energy –converting the solar rays of the sun into electricity on skyscrapers the world over,” said John A. Conklin, president and CEO of SolarWindow. “Innovation is at the core of what we do and this award further validates our mission to develop a technology that provides a source of clean, renewable energy to help meet the world’s growing energy demands.”
About Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, these programs are judged by business executives having experience and knowledge. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.
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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