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Tuesday, October 20, 2020

Solarwindow Technologies Inc (OTCMKTS:WNDW) Ramps Up on Possible Scaling

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Solarwindow Technologies Inc (OTCMKTS:WNDW) shares have been on the move again lately. We see two recent catalysts fomenting the moment. First off, WNDW announced this week that it has appointed Mr. David Gralnik to the Advisory Board. Gralnik is reportedly “an accomplished senior executive with worldwide renewable energy experience at multiple Fortune 100 companies, including Edison Energy, LLC (Edison), Jones Lang LaSalle (JLL), Honeywell, PG&E and Johnson Controls.”

But, perhaps more importantly, WNDW also put out an 8K a few days ago noting that, on August 2, 2017, SolarWindow Technologies, Inc. entered into a Process Integration and Production Agreement with TriView Glass Industries, LLC. Triview is a glass fabricator operating a manufacturing facility in Hacienda (City of Industry) California. According to the release, the purpose and primary goals of agreement are to (i) to establish commercial scale manufacturing methodologies and processes to fabricate products based on WNDW technologies and (ii) integrate WNDW Technologies into the Manufacturing Process, to build specific WNDW Glass Products to scale at the Facility.

Solarwindow Technologies Inc (OTCMKTS:WNDW) promulgates itself as a company that develops electricity-generating systems using see-through glass windows and flexible plastic products. It is developing SolarWindow electricity-generating systems that harvest light energy from the sun and artificial sources using a see-through, semi-transparent, and coating of organic photovoltaic solar cells.

WNDW is also involved in developing SolarWindowCommercial, a flat glass product for installation in new commercial towers under construction and replacement windows; SolarWindow Structural Glass, a structural glass walls and curtains for tall structures; SolarWindow Architectural Glass, a textured and decorative interior glass walls, room dividers, etc.; and SolarWindow Residential, a window glass for installation in new residential homes under construction and replacement windows.

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As noted above, WNDW has been on the run again. We have seen an interesting addition to the company’s human capital resources in the form of a key addition to its advisory board. But that announcement likely plays second fiddle to the company’s 8K a few days ago that reported a deal in the works to apparently put in place the arrangements necessary to start commercial production.

The big question now is this: is the agreement about the company’s solar window technology?

From the 8K, that really isn’t clear:

“In order to achieve the stated goals, will collaborate to develop a Statement of Work, for manufactured WNDW Glass Products that may include, but not be limited to tempered glass, laminated glass, and insulating glass (“WNDW Glass Products”). Upon successful integration of WNDW Technologies into Manufacturing Processes, and the build out and commercial production of a WNDW Product, as contemplated by this Agreement, the Parties, in good faith, will explore the feasibility of entering into one or more commercial relationships or opportunities with respect to the commercial manufacture and sale of WNDW Products. Under this Agreement, the Company and Triview will mutually define the basis for and determine transfer pricing for manufactured WNDW Glass Products. Under the terms of the Agreement, any newly developed intellectual property will be and remain the sole property of the Company.”

We’ve witnessed 30% tacked on to share pricing for the company in the past month. This is emblematic of the stock. WNDW has evidenced sudden upward volatility on many prior occasions. Furthermore, the listing has registered increased average transaction volume recently, with the past month seeing approaching 150% over what the stock has registered over the longer term.

This should not be overlooked with a float in play that’s tight — just a tad more than 20M shares. Traders should not overlook this combination, as a restricted trading float and a jump in trading volume can crimp supply and push share prices higher.

Now commanding a market cap of $114.01M, WNDW has a store ($271K) of cash on the books, which compares with about $2.9M in total current liabilities. One should also note that debt has been growing over recent quarters. The company is pre-revenue at this point. This may be a very interesting story and we will look forward to updating it again soon. For continuing coverage on shares of $WNDW stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot breakout pick!

Disclosure: we hold no position in $WNDW, either long or short, and we have not been compensated for this article.

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