We wrote about SolarWindow Technologies, Inc. (OTCMKTS:WNDW), which develops transparent electricity-generating coatings for glass windows, in a previous piece called “Solarwindow Technologies Inc (OTCMKTS:WNDW) Looking To Make New Highs“. This is what we mentioned:
“SolarWindow Technologies, Inc. seems to be developing interesting new technology, which market participants, like Kalen Capital Corporation, appreciate. Furthermore, we could see that the company is growing and many sites such as NetworkNewsWire are praising the company’s technology. To sum up, be alert as WNDW has proven to be a microcap runner in the past. “
We were right about it. Recently, the share price increased from $3.50 to touch the level of $4.75. Additionally, the move was done on heavy volume. On some days more than 600,000 shares exchanged hands. Have a look at the recent share price action:
Le’t recap the business model of WNDW for those who get to know the company for the first time here. SolarWindow Technologies, Inc. “is focused on the research, development and eventual commercialization of the first-of-its-kind see-through SolarWindow technology, capable of generating electricity on glass windows and flexible plastics.” The company claims that its solarwindow technology can save $75 billion a year in the US alone.
On August 2, 2017, the market got to know that WNDW will deliver relevant production details on September 7, 2017. We appreciate this type of communications, as we can prepare ourselves for receiving information on a specific date. We encourage readers to follow the company’s announcements on that day, as the share price may move quite a bit.
In the same press release, the company talked about its target market: windows for new and existing commercial buildings, which consume almost 40% of all the electricity generated in the US. According to independently-validated engineering modeling, electricity costs can be reduced up to 50%. Additionally, it was noted that R&D efforts were being made for car, truck and bus windshields and sunroofs, aircrafts and military applications.
On August 9, 2017, the company announced the appointment of Mr. David Gralnik to the Advisory Board. He holds 30 years of experience in the renewable energy industry and has worked for relevant Fortune 100 companies, such as Edison Energy, LLC, Jones Lang LaSalle, Honeywell, PG&E, and Johnson Controls. Mr. Gralnik also has a B.A. in business administration from California State University at Northridge. Mr. John Conklin, President and CEO of SolarWindow Technologies, Inc., explained as follows:
“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” Source
On August 29, 2017, the company announced an agreement with suburban Los Angeles-based Triview Glass Industries, LLC, under which Triview will manufacture SolarWindow™ electricity-generating glass products by integrating the company’s technologies into the manufacturing processes. Mr. Alex Kastaniuk, President, CEO and Founder of Triview Glass Industries, LLC, was quoted:
“I’m proud that we are the fabricator for this innovative electricity-generating glass technology by SolarWindow. It’s especially rewarding to apply my 52 years of specialty glass experience to the fabrication of this brand-new innovation.” Source
We found more information about the agreement with Triview Glass Industries, LLC, in a filing given to the OTC Markets. Have a look at the following, which seems to be Triview’s tasks:
“(i) to establish commercial scale manufacturing methodologies and processes (the “ Manufacturing Process ”) to fabricate products based on WNDW technologies (the “WNDW Technologies”) and (ii) integrate WNDW Technologies into the Manufacturing Process, to build specific WNDW Glass Products (as defined below) to scale at the Facility.” Source
Additionally, in the same document, we got to know that the company had increased the Board’s size from three members to four and had appointed Mr. Jatinder S. Bhogal to serve as a director of the company. He holds 25 years of expertise in providing guidance and consultancy to companies in different sectors, including the solar-photovoltaics and biofuels industries.
Market reaction and Conclusion
We did not find any news released by the company that could explain what’s going on with the share price. In our opinion, the share price is being pushed up, as the market expects good news to be released on September 7, 2017. That’s the only explanation that we could find. We will finally get to know in September the production details, which, we believe, could make the share price increase quite a bit if they are better than expected. Hence, we encourage readers to be alert, or subscribe to our newsletter for fast delivery and assessment.
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Image courtesy of Chris via Flickr
Disclosure: We have no position in WNDW and have not been compensated for this article.