Solarwindow Technologies Inc (OTCMKTS:WNDW) is showing strong volume and +10% bump in price after their recent announcement. WNDW announced a deal with Los Angeles-based Triview Glass Industries, LLC. The deal could have some serious value in the long run.
WNDW’s new deal will align it with a commercial window manufacturer. The ability to reach into commercial production at the factory level is really interesting investors.
Solarwindow Technologies Inc (OTCMKTS:WNDW) bills 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.
Recently, the company achieved an important fabrication step. SolarWindow electricity-generating coatings were successfully processed through the rigorous autoclave system for window glass lamination at Triview, which really led to this deal.
Layered with SolarWindow coatings, glass modules were subjected to the extremely high heat and pressure of autoclave equipment located at Triview. Despite the harsh conditions, subsequent performance testing confirmed that SolarWindow™ modules continued to produce electricity, paving the way for today’s announcement and eventual deployment of the company’s electricity-generating glass products.
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The big hope from this deal is of generating electricity on commercial buildings, which consume nearly 40% of all electricity generated in the US, through WNDW’s electricity-generating liquid.
As the company’s select regional fabricator in North America, Triview Glass will work to fabricate specific SolarWindow™ electricity-generating glass products at commercial scale by integrating SolarWindow™ technologies into its manufacturing processes.
“I’m proud that we are the fabricator for this innovative electricity-generating glass technology by SolarWindow,” stated Mr. Alex Kastaniuk, President, CEO and Founder of Triview Glass Industries, LLC. “It’s especially rewarding to apply my 52 years of specialty glass experience to the fabrication of this brand-new innovation.”
“We’ve long awaited the opportunity to integrate SolarWindow™ technologies into commercial scale production, and I believe that our agreement with Triview puts us well on that path,” explained SolarWindow President and CEO, Mr. John A. Conklin.
Solarwindow Technologies Inc (OTCMKTS:WNDW) has a $153.14M market cap with 34.03M shares out. This new deal is certainly bring some attention to the stock today and it will be interesting to see how it impacts the company’s bottom line. 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.