Lippert Components Inc. (Lippert™) and SolarWindow Technologies,
Inc. (SolarWindow) have agreed to jointly pursue the integration of
SolarWindow technologies into select Lippert components to produce
transparent electricity-generating SolarWindow-Lippert Products.
“This collaboration with SolarWindow marks an
opportunity to introduce innovations like electricity-generating
glass into Lippert’s existing recreational vehicle, marine vessel,
and specialty building product markets, while further strengthening
our commitment to environmental stewardship, which is at the core
of everything we do,” explained Mr. Jason Lippert, President and
Chief Executive Officer of Lippert.
“Every day, Lippert manufactures more than
23,000 windows worldwide. Meanwhile, customers across our business
have been asking for augmented and true off-grid power. We believe
our collaboration with SolarWindow presents the potential for novel
energy solutions to meet our customers’ needs through transparent,
lightweight, and fully integrated SolarWindow-Lippert Products,” he
concluded.
“I look forward to continuing to build on our
working relationship with Lippert,” stated Mr. Amit Singh,
President and CEO of SolarWindow Technologies, Inc. “Lippert has
nearly 70 years of experience in commercializing innovative
products globally and is an ideal product collaboration partner for
integrating our transparent, ultra-thin SolarWindow coatings to
turn otherwise ordinary glass into electricity-generating
windows.”
A Fortune 1000 Company, Lippert is one of the
largest non-float glass manufacturers in the world with 140
manufacturing and distribution centers across North America,
Africa, and Europe. Lippert consumes more than 330 million square
feet of glass annually for manufacturing and supplying windows,
tempered and laminated glass products, and components for
recreational vehicle, transit, specialty vehicle, and other
adjacent markets.
SolarWindow is a developer of proprietary
transparent, electricity-generating coatings, methods, and other
technologies that, when applied to glass and plastic surfaces, are
capable of generating electricity by harvesting light energy from
natural sunlight, artificial light, and low, shaded, or reflected
light conditions.
Mr. Singh continued, “SolarWindow and Lippert
enter this next phase of our relationship with confidence as we
address and navigate challenges and opportunities related to supply
chain, capital equipment, product integration, human resources and
training, and negotiation and execution of future manufacturing,
licensing, and distribution agreements.”
There is no assurance that any of the mutually
defined goals will be attained or that future agreements will be
successfully negotiated or consummated and no assurance that
SolarWindow-Lippert Products will be successfully engineered,
prototyped, tested, certified, manufactured, produced, or sold.
About Lippert™From over 140
manufacturing and distribution facilities located throughout North
America, Africa, and Europe, Lippert™ (NYSE: LCII; www.lippert.com)
supplies a broad array of highly engineered components for the
leading manufacturers of recreational vehicles, automobiles,
watercraft, and prefab homes. It also operates in adjacent markets,
including hospitality, transportation, construction, and
agriculture. Lippert serves a wide range of aftermarket segments,
providing high-quality products for the recreational vehicle /
caravanning, automotive, and marine industries. With over 12,500
team members and a diverse portfolio of best-in-class brands,
Lippert™ adopts a team-based business philosophy and has proven
that, by putting people first, the possibilities for growth, and
development are truly endless.
Lippert Contacts
For additional information on SolarWindow, please
visit www.lippert.com, email marcom@lci1.com, or mail the
following:
Lippert52567 Independence Ct.Elkhart, IN 46514
About SolarWindow Technologies,
Inc.SolarWindow Technologies, Inc. (OTC: WNDW;
www.solarwindow.com) is a developer of transparent
LiquidElectricity® coatings and processes which generate
electricity on glass and plastics. When applied to otherwise
ordinary glass, for example, these coatings generate electricity,
producing power under natural, artificial, low, shaded, and
reflected light conditions.
SolarWindow targets applications beyond
conventional solar panels. The Company’s LiquidElectricity® can
generate electricity for architectural applications including
building windows, facades, and rooftops. LiquidElectricity® has
wide-ranging utility, including automotive, commercial greenhouse,
marine, and aerospace applications, and presents superior
aesthetics for generating energy to enable faster financial
breakeven.
The SolarWindow Promise: Engineer, design, and
ultimately manufacture and deliver LiquidElectricity® products
which reward customers with affordable clean energy for a
healthier, safer, and more sustainable planet. SolarWindow is
ClearlyElectric®.
SolarWindow Contacts
For additional information on SolarWindow,
please call Amit Singh at 1-800-213-0689, or
visit www.solarwindow.com, follow us on X @solartechwindow or
on Facebook.
To receive future press releases via email,
please visit: http://solarwindow.com/join-our-email-list/.
To view the full HTML text of this release,
please visit: http://solarwindow.com/media/news-events/.
Social Media Disclaimer
SolarWindow stockholders, investors and others
should note that we announce material information to the public
about the Company through a variety of means, including our website
(https://www.solarwindow.com/investors), through press releases,
SEC filings, public conference calls, via our corporate X account
(@solartechwindow), Facebook page
(https://www.facebook.com/SolarWindowTechnologies) and LinkedIn
page (https://www.linkedin.com/company/solar-window-technology/) in
order to achieve broad, non-exclusionary distribution of
information to the public and to comply with our disclosure
obligations under Regulation FD. We encourage our investors and
others to monitor and review the information we make public in
these locations as such information could be deemed to be material
information. Please note that this list may be updated from time to
time.
Forward Looking Statements
This press release contains information about
SolarWindow and Lippert that may constitute “forward-looking
statements” as that term is defined under the Private Securities
Litigation Reform Act of 1995 and other securities laws, These
forward-looking statements are based upon current expectations or
beliefs, as well as a number of assumptions about future events. We
intend the forward-looking statements to be covered by the safe
harbor provisions for forward-looking statements in those laws as
applicable. Although SolarWindow and Lippert™ believe that the
expectations reflected in such forward-looking statements and the
assumptions upon which they are based are reasonable as at the time
made, no assurance can be given that such expectations and
assumptions will prove to have been correct.
Generally, we have identified such
forward-looking statements by using such words as “aim,”
“anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,”
“future,” “goal,” “intend,” “may,” “plan,” “project,” “should,”
“target,” “will,” and similar expressions or by using future dates
in connection with any discussion of, among other things,
statements expressing general views about future development,
manufacture, production, marketing or sale of SolarWindow-Lippert
Products, or the execution of manufacturing or licensing agreements
between the parties, that we expect or anticipate will occur in the
future, anticipated cost savings, potential capital and operational
cash improvements and changes in the global economic environment,
as well as statements regarding the proposed transaction, including
the timing of the completion of the transaction. However, the
absence of these words or similar expressions does not mean that a
statement is not forward-looking. Forward-looking statements
include all statements that are not historical facts, but instead
represent only our beliefs regarding future goals, plans and
expectations about our prospects for the future and other events,
many of which, by their nature, are inherently uncertain and
outside of our control. It is possible that the actual results and
of our collaboration may differ, possibly materially, from the
anticipated results indicated in these forward-looking
statements.
Caution should be taken not to place undue
reliance on any such forward-looking statements because such
statements speak only as of the date when made and 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 technical problems relating
to manufacturing methodologies, price increases for supplies and
components, litigation and other proceedings involving the either
party, adverse publicity and news coverage, inability to carry out
research, development and commercialization plans, loss or
retirement of key executives and research scientists, failure to
obtain required regulatory approvals, inflationary factors, and
other risks. All information in this press release is as of the
date set forth above. Neither party undertakes any duty to update
any forward-looking statement to conform the statement to actual
results or changes in its expectations whether because of new
information, future events or otherwise, except as required by law.
No statement herein should be considered an offer or a solicitation
of an offer for the purchase or sale of any securities.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a86264d7-f803-4e3a-bef4-4b02a09791b7
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