Solarwindow Technologies Inc (OTCMKTS:WNDW) has taken a healthy bump upward in price on a partnership deal they just announced. WNDW struck a deal with Raynergy Tek, a Taiwan producer, to improve the company’s production and increase output of its SolarWindow product that has solar power-generating film on the glass.
“Our clear priority is to bring SolarWindow electricity-generating products to a $100 billion global market,” stated Mr. John Conklin, President and CEO of WNDW. “This collaboration with Raynergy moves SolarWindow closer towards our goal of commercial sales and production while ensuring a reliable supply of high-performance organic materials and preferred pricing necessary for the production of our electricity-generating glass.”
Solarwindow Technologies Inc (OTCMKTS:WNDW) frames 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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“We see a viable and wide-open market for electricity-generating glass, and a strong pathway to commercialization for SolarWindow,” stated Dr. Phoebe Tan, Chief Executive Officer of Raynergy Tek. “Raynergy prides itself on contributing to its partners’ success, and we’re pleased to support SolarWindow in the advancement of its innovative products.”
WNDW has been climbing and climbing over the last year. The stock surged last year and everyone became aware of their novel tech that allows a building – mostly skyscrapers – to create energy from their window’s photovoltaic coating. There are tens of millions of buildings globally. Narrowing this down, over 6 million commercial energy-consuming buildings in the US alone. These buildings consume nearly 40% of the $150 billion in electricity generated within the USA, about $60 billion in electrical expenses. A reduction in these expenses for any business would be a significant boost for them and this is where the value proposition of WNDW comes in.
With WNDW coming into the market with a solution that will not only benefit businesses but also boost the drive for green energy that has been a global focus over the past decades, a lot of benefits are expected to be accrued from this new product.
Solarwindow Technologies Inc (OTCMKTS:WNDW) has a market cap of $289.72M with a float of 16.86M. WNDW has 10-day volume of 100.88k and has seen a 52-week change of 78.27%. The company has unique technology in the green energy sector and should be on your watch list. Sign-up for continuing coverage on shares of $WNDW stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $WNDW, either long or short, and we have not been compensated for this article.