Business
Saxon Capital Group Acquires Worldwide Exclusive Rights To Produce and Sell EnergyGlass™ Architectural Glass Products, A Patented, Electric Producing, Clear Architectural Solar Glass Technology that Creates Electricity From Solar, Diffused and Ambie
Saxon Capital Group Acquires Worldwide Exclusive Rights To Produce and Sell EnergyGlass™ Architectural Glass Products, A Patented, Electric Producing, Clear Architectural Solar Glass Technology that Creates Electricity From Solar, Diffused and Ambie.
About this update from Saxon Capital Group Inc.
[{"type":"text","content":"\n\n\n\nSaxon Capital Group Acquires Worldwide Exclusive Rights To Produce and Sell EnergyGlass™ Architectural Glass Products, A Patented, Electric Producing, Clear Architectural Solar Glass Technology that Creates Electricity From Solar, Diffused and Ambient Light\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSaxon Capital Group Acquires Worldwide Exclusive Rights To Produce and Sell EnergyGlass™ Architectural Glass Products, A Patented, Electric Producing, Clear Architectural Solar Glass Technology that Creates Electricity From Solar, Diffused and Ambient Light\nPR Newswire\nSCOTTSDALE, Ariz., Sept. 7, 2022\n\n\n\nEnergyGlass™ qualifies for the new solar investment tax credit, reducing the total cost of most glass installations by 30%, based on current law (this credit decreases to 26% in 2033, and then to 22% in 2034, expiring in 2035 unless extended). The company's prime focus will initially be geared towards the Architectural Flat Glass Market which was $273.43 Billion in 2021 and estimated (Note 1) to be $288 Billion by 2025.\nSCOTTSDALE, Ariz., Sept. 7, 2022 /PRNewswire/ -- Saxon Capital Group Inc., (SCGX-OTC), and Saf-Glas, LLC, Riviera Beach, Florida announced the companies have signed an agreement whereby Saxon Capital Group acquired exclusive worldwide rights to manufacture and sell EnergyGlass™ Architectural Glass products, which can be used for buildings, greenhouses, homes, etc. The agreement for worldwide exclusivity gives SAF-Glas LLC's management controlling interest of Saxon Capital. In addition, Saxon acquired certain specialized \"nanotech\" equipment which is used in the manufacture of EnergyGlass products. \n\n \n \n\n \nSaxon plans to change the corporate name to Energy Glass Solar, subject to shareholder and FINRA clearance. In consideration for the exclusive worldwide license and transfer of specialized equipment, Saxon forgave $535,000 in indebtedness owing to it by Saf-Glas and issued Saf-Glas 30 million shares of Saxon, a controlling interest.  A new management group and Board of Directors will be ...