SolarWindow CEO Letter to Shareholders Describes Market and Commitment to Commercialization

December 10, 2015

Dear Fellow SolarWindow Shareholder:

With your support, we’ve made groundbreaking discoveries and developed possibly the biggest single breakthrough in clean energy –SolarWindow™.

Every day, sunlight streams through billions of windows—more than two million acres of “skyscraper” glass worldwide.

Transparent SolarWindow™ Unit Capable of Generating Electricity

Until now, there has never been a technology able to convert those solar rays into electricity on tall towers like SolarWindow™.

Using SolarWindow™ coatings, entire buildings could be turned into power generators thereby reducing electricity costs by up to 50% per year.

CNBC has said, “SolarWindow™ could give our cities the ability to harvest their own energy needs.”

We have demonstrated before the U.S. Congress, have set records for size and power, and won the Energy Business Review “Energy Innovation Award.”

SolarWindow™ may well be one of today’s most disruptive renewable energy innovations.

Our independently validated modeling shows that when SolarWindow™ is applied to all sides of a 50-story building, the results are:

  • 50 times greater energy than conventional rooftop solar panels
  • 15 times the environmental benefits over traditional rooftop solar energy collectors
  • Electricity generated from natural, shaded, reflected, and even indoor light and
  • A one-year financial payback

In addition, the global push for emissions reductions and clean energy solutions contributes significantly to the market opportunity for the SolarWindow™.

As noted by us in Engineering.com, SolarWindow™ could provide the equivalent reductions in carbon dioxide emissions produced by as much as 770 acres of forest sequestering carbon dioxide when modeled for a 50-story building.

We believe that the future truly is bright, as the use of solar energy keep growing worldwide.

Why this continued growth? The answer is simple–because the adverse environmental impact of traditional energy sources and financial costs of electricity keep increasing.

Commercial buildings alone consume nearly 40% of the electricity generated in the U.S. This is one reason why we’ve targeted commercial buildings as our initial customers.

“This is the kind of product that architects, developers, customers, and energy advocates have long awaited,” said industry executive, and now a SolarWindow Board of Advisors member, Patrick Sargent.

During 2015 we received recognition in numerous other publications including: The Baltimore SunThe New York Daily NewsFast CompanyComputerWorld and National Geographic, to name a few.

Looking forward, 2016 for our shareholders looks to be a landmark year, as we devote our focus on bringing this first-of-its kind technology to market as fast as possible.

In 2016, our mission is to formalize industry relationships, potentially giving us instant commercial reach — a boon for our shareholders.

Of course, you can expect us to continue our long-standing tradition of proactive shareholder outreach to keep you apprised of our major technology and market, and business developments.

Visit our website at www.solarwindow.com to register to receive all future shareholder updates and notifications.

Thank you for your loyalty and ongoing support.

I wish you and all those near and dear to you, a wonderful Holiday Season and the very best for 2016 and beyond.

Very truly yours,
SOLARWINDOW TECHNOLOGIES, INC.

 

John A. Conklin
President and CEO

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.

For additional information, please call Ms. Briana L. Erickson toll­ free at 1­-800­-213­-0689 or visit: 
www.solarwindow.com

To receive future press releases via email, please visit:
https://solarwindow.com/join-our-email-list/

Follow us on Twitter @solartechwindow, or follow us on Facebook.

To view the full HTML text of this release, please visit:
https://solarwindow.com/media/news-events/

For answers to frequently asked questions, please visit our FAQs page:
https://solarwindow.com/investors/faqs/

Media Contact:

Damaak Group

415-799-8027

media@solarwindow.com

Social Media Disclaimer

nvestors 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, SolarWindowTM technology development, and other corporate matters that are in the public domain. At this time, the company will not post information on social media that 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:

• Facebook
• Twitter

* This list may be updated from time to time.

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.