COLUMBIA, Md.--(BUSINESS WIRE)--SolarWindow Technologies, Inc. (OTCQB: WNDW), the leading developer of first-of-its-kind transparent electricity-generating coatings for glass and flexible plastics, today announced it has named Patrick Sargent as its Vice President of Product Development and Engineering. In this position, Sargent will use his knowledge and insight of the glass and photovoltaic (PV) industries to guide the scale-up and pre-industrial processing of SolarWindow™ technologies necessary for commercialization.
“One of the most impressive features about SolarWindow™ is how it’s being developed for direct integration with existing fabrication and glass manufacturing processes using high speed and large area coating methods,” said Sargent. “Manufacturability is one of the technology’s most compelling features, and is a real competitive edge in this market. SolarWindow™ liquid coatings can be applied onto glass at high speeds and at large scale.”
In addition to targeting new installations, the company recently announced that its products are being developed as transparent, tinted, flexible veneers that installers can apply directly over top of existing windows on tall towers and skyscrapers. This expanded product line broadens the company’s market reach beyond new and replacement installations. Currently, there are an estimated five million commercial buildings constructed in the U.S. alone.
Sargent joins the company following the appointment of former Duke Energy veteran and power grid expert, Curtis Watkins, as Vice President of Energy Markets and Utilities.
“Mr. Sargent’s addition to our team helps us develop and refine our production processes to demonstrate seamless integration of our product with glass manufacturing and chemical coatings industry methods,” said John A. Conklin, President and CEO, SolarWindow Technologies, Inc. “Mr. Sargent’s industrial know-how is especially valuable to our company as we develop strategic commercial partnerships and advance our go-to-market strategy.”
Sargent previously served at Asahi Glass Company, a $10 billion international glass producer, as Photovoltaics Cover Technology Leader for its North American Solar Business Unit. He also worked at technology giants Lucent Technologies and Fujitsu Network Communications.
A mechanical engineer, Mr. Patrick T. Sargent earned his Mechanical and Industrial Engineering undergraduate degrees from Georgia Tech University and subsequently his MBA at Kennesaw State University. He is a charter member and board member of the Tennessee chapter of SEIA and a member of GSEA and GANA, where he often entertains speaking engagements. He holds certifications with Six Sigma and the North American Board of Certified Energy Practitioners (NABCEP).
About SolarWindow Technologies, Inc.
SolarWindow Technologies, Inc. is a developer of next generation, transparent electricity-generating SolarWindow™ coatings.
SolarWindow™ coatings generate electricity on see-through glass and flexible plastics with colored tints popular to skyscraper glass. Unlike conventional systems, SolarWindow™ can be applied to all four sides of tall towers, generating electricity using natural and artificial light conditions and even shaded areas. SolarWindow™ uses organic materials, which are dissolved into liquid, ideal for low-cost high-output manufacturing; and is the subject of a patent pending technology.
The company’s Proprietary Power Production & Financial Model (Power & Financial Model) uses photovoltaic (PV) modeling calculations that 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 degree 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.
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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.