SolarWindow Appoints Chief Financial Officer, Mr. Steve Yan-Klassen, CPA, CMA
Scottsdale, AZ – October 26, 2018 – SolarWindow Technologies, Inc. (OTC: WNDW), developer of transparent coatings that turn ordinary glass into electricity-generating windows, announced the appointment of its Chief Financial Officer, Mr. Steve Yan-Klassen, who brings more than 20 years of public company accounting and financial statement auditing experience, stock exchange reporting, regulatory compliance, and corporate finance experience covering a broad range of industries, including technology, energy, and manufacturing.
“It’s my honor and privilege to welcome Steve to our SolarWindow team; Steve’s appointment as CFO brings two decades of public company accounting, audit, corporate finance and regulatory compliance experience to the company,” stated Mr. John Conklin, President and CEO of SolarWindow Technologies, Inc.
“Although Steve is our CFO, he’s our critical partner for providing an overall view of finance, market developments, and keeping his eyes wide open on our future, and guiding our success.”
As a Chartered Professional Accountant and a Certified Management Accountant, Mr. Yan-Klassen has had extensive experience in the preparation of complex deferred income tax calculations and models involving multiple tax jurisdictions and foreign currency issues, assisting real estate trusts with wind-ups and distributions, mortgage investment corporations with valuations analysis and reporting, as well as private companies and charities with assurance work, including tax and information returns.
Mr. Yan-Klassen’s appointment follows recent technology news announcing:
- The filing of more than 90 U.S. and international patents and trademarks for protecting its brand identities, products, services, processes, and materials. Our technology is featured in our ‘Imagine – SolarWindow’ video:
SolarWindow Technologies, Inc. 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.
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.
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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