When we last reviewed SolarWindow Technologies, Inc. (OTCMKTS:WNDW), the Company was testing its products under simulated conditions, in preparation for the high pressure and temperatures of the ‘autoclave’ manufacturing processes used by commercial glass and window producers. Since then, the Company has completed its first trial run of the process with very promising results.Before we get into the details, at little background on the company for those not familiar with it. 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. The liquid coating technology has been presented to members of the U.S. Congress and has received recognition in numerous industry publications. The Company’s 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.On May 17, 2017, SolarWindow Technologies announced that its transparent electricity-generating glass successfully processed through the rigorous autoclave system for window glass lamination at a commercial window fabricator. The autoclave manufacturing process of safety and architectural glass requires very high heat and pressure to bond layers of glass. The glass is held in place by an interlayer, between two or more layers of glass. The interlayer keeps the layers of glass bonded even when broken, and its high strength prevents the glass from breaking up into large sharp pieces.The company’s electricity-generating coatings are applied to the inside of these glass panes and laminate interlayer, and then placed into an autoclave where it is subjected to intense pressure and heat. The pressure ensures that there is no separation between the laminates, and the heat triggers a chemical reaction in the bonding agent. The end result is a glass panel made of perfectly bonded layers of glass panes, and in this case, a layer of the company’s electricity-generating coatings. The ability of these liquid coatings to withstand the autoclave process is critical to the production of electricity-generating windows. John A. Conklin, President and CEO of SolarWindow Technologies, Inc. explained:
“This is one of the most important advancements for the commercial manufacturing of SolarWindow™ products, and marks a huge win for all our stockholders, supporters, and scientists and engineers. We’ve long championed the prospect of electricity-generating windows powering skyscrapers and tall towers, which alone consume almost 40% of all the electricity generated in the US”
In other news regarding the performance testing of the Company’s products, SolarWindow Technologies announced the successful completion of important freeze/thaw performance testing necessary for the commercialization of its transparent electricity-generating coatings. The purpose of the test was to determine the ability of the electricity-generating coatings to withstand real-world environmental conditions. The test was conducted by the Company, along with scientists and engineers at the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL). To simulate natural environmental conditions, SolarWindow™ modules were subjected to more than 200 freeze/thaw cycles of high temperatures, followed by extremely low temperatures. The test yielded favorable performance results of the edge sealing processes and minimal impact on the device’s electrical performance.
“Passing the freeze/thaw temperature cycle testing is another important step towards commercializing SolarWindow™ coatings,” said John Conklin, President and CEO of SolarWindow. “Successful completion of this test puts SolarWindow™ modules one step closer to meeting performance PV test standards required by the International Electrotechnical Committee (IEC).”
WNDW stock has been range-bound trading since the beginning of 2016 from a high of $4.41 on March 1, 2016, to a low of $2.00 on July 18, 2016. There have been several significant moves during 2016, both to the upside and the downside, but price always stabilizes within the range. At present the stock price continues to hover near the middle of range at $3.07. The financials are still in the pre-revenue stage, but the balance sheet does show sufficient cash to continue the development of Company’s technology. Current market capitalization stands at $104.01 million, on 33.88 million shares outstanding as of May 19, 2017. SolarWindow Technologies’ stock price exhibited a sharp intraday price spike on May 17, 2017, coinciding with the Company’s announcement of the favorable autoclave manufacturing process testing results. To the savvy trader, this is a strong indication that the stock is being closely monitored by both traders and investors. It would be prudent to keep a close eye on WNDW to see if local highs and resistance levels are broken through. If they are, it could be the start of a new uptrend for WNDW. We will be updating our subscribers as soon as we know more. For the latest updates on WNDW, sign up below!Disclosure: We have no position in WNDW and have not been compensated for this article.
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