COLUMBIA, Md.--(BUSINESS WIRE)--SolarWindow Technologies, Inc. (OTCQB: WNDW), developer of electricity-generating windows for tall towers and skyscrapers, is pleased to announce the Advisory Board appointment of Mr. David Gralnik, 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.
Mr. Gralnik joins a growing SolarWindow team which has expertise in: joint-ventures and licensing; large scale energy-products manufacturing; project finance; glass and energy products sales and marketing. He brings 30 years’ experience in 14 countries, negotiating the purchase and sale of conventional and renewable energy systems for large commercial buildings such as shopping centers, institutional clients, ex-military bases, and skyscrapers.
Consuming almost 40% of all the electricity generated in the U.S., these commercial buildings are ideal customers for the company's electricity-generating windows, which could reduce electricity demand by 30%-50% in tall towers and have a one-year financial payback, according to independently-validated engineering modeling.
"As we'll highlight in our upcoming September 7th production update, the specific expertise of Mr. Gralnik will help us market our electricity-generating windows to the estimated 5 million commercial buildings in the U.S. and eventually to the tens of millions of commercial buildings around the world,” stated Mr. John Conklin, President and CEO of SolarWindow Technologies, Inc.
From initiating and closing a first-of-it-kind $300 million biogas contract with one of the nation's largest utilities (while at Honeywell International), to advising on energy microgrid installations for retired military bases and renewable energy strategies for major technology companies (while at Edison and JLL), Mr. Gralnik is a highly regarded and respected renewable energy executive with over 30 years of experience.
As Senior Vice President, Global Director of Renewable Energy Services at JLL, he founded and expanded their renewable energy advisory services practice to 12 countries and won the da Vinci Award for Innovation. JLL is an international leader in providing advisory and real estate services that include the purchase, sale, and management of commercial real estate and iconic skyscrapers, with over 70,000 employees and a 250-year strong history in 80 countries.
Mr. Gralnik holds a B.A. in business administration from California State University at Northridge, is Six Sigma certified, and has been quoted in numerous articles and presented at the World Energy Engineering Conference, among others.
About SolarWindow Technologies, Inc.
SolarWindow Technologies, Inc. creates transparent electricity-generating liquid coatings. When applied to glass or plastics, these coatings convert passive windows and other materials into electricity generators under natural, artificial, low, shaded, and even reflected light conditions.
Our liquid coating technology has been presented to members of the U.S. Congress and has received recognition in numerous industry publications. Our SolarWindow™ technology has been independently validated to generate 50-times the power of a conventional rooftop solar system and achieves a one-year payback when modeled on a 50-story building.
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Power and Financial Model Disclaimer
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.