Solarwindow Technologies Inc (OTCMKTS:WNDW) is showing strong today in trading with a small bump at the start of the business day. WNDW is riding a great close to August and is looking to have a hot September. ONCI increased from $3.50 to touch the level of $4.75 and is hovering close to $5 today. Additionally, the move was done on heavy volume. On some days more than 600,000 shares exchanged hands
WNDW’s new commercial deal is playing strong in the markets and more good news is expected to come out this week. The deal is with Los Angeles-based Triview Glass Industries, LLC and could have some serious value for the company because of the potential to reach into commercial production at the factory level.
Solarwindow Technologies Inc (OTCMKTS:WNDW) describes 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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“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.”
This is a big deal because it really gives WNDW a chance to show off this technology. The company claims that its solarwindow technology can save $75 billion a year in the US alone.
“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) is now sporting a $169.48M market cap along with 34.03M shares out. We are watching this company closely this month expecting more details from this deal to trickle out this week. WNDW represents a company with unique technology and seems to be making a move to increase awareness. 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.