Business
SolarWindow: Mid-Year 2016 Update
SolarWindow: Mid-Year 2016 Update.
About this update from Solarwindow Technologies, Inc.
[{"type":"text","content":"\n \n SolarWindow Technologies, Inc. (OTCQB:WNDW), the leading developer of \n transparent electricity-generating coatings for glass windows on tall \n towers and skyscrapers, today issued its mid-year 2016 update.\n \n\nThis Smart News Release features multimedia. View the full release here: \nhttp://www.businesswire.com/news/home/20160718005730/en/\n\n \n \n Working SolarWindow™ electricity-generating window model (Photo: Business Wire) \n\n\n \n Below is the statement from John A. Conklin, President and CEO of \n SolarWindow:\n \n \n 2016 marks our advancement from scientific research to the commercial \n development of our SolarWindow™ products.\n \n \n Our scientists, engineers, management, and loyal stockholder supporters \n remain entirely devoted to this mission, even overcoming external \n factors such as stock market fluctuations and global political and \n economic events.\n \n \n Having just completed a $4.3 million financing, I believe this is an \n appropriate time to update shareholders about the progress made by our \n team over the last two quarters.\n \n \n SolarWindow™ has the potential to reduce our dependency on fossil fuels, \n thereby transforming the renewable energy industry.\n \n \n This is a bold declaration to be sure, but imagine the possibilities of \n successfully developing an electricity-generating window capable of \n paying for itself in a single year.\n \n \n Our Highest Priority: Bringing SolarWindow™ Products to Market\n \n \n Mindful of managing our development and operating costs to meet our \n commercialization objectives, our recently completed $4.3 million \n financing will largely fund our expanded Cooperative Research and \n Development Agreement (CRADA) with the U.S. Department of Energy’s \n National Renewable Energy Laboratory.\n \n \n We commemorated the signing of our expanded CRADA with a video that \n shows behind the scenes footage of state-of-the-art manufacturing and \n testing equipment used to engineer SolarWindow™: http://solarwindow.com/2016/03/solarwindow-in-the-lab/.\n \n \n Our CRADA focuses on the commercialization of SolarWindow™ products and \n includes the following initiatives:\n \n \n \n Build large scale SolarWindow™ units in preparation for manufacturing \n and eventual sale to customers\n \n \n Develop a SolarWi...