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SolarWindow Chairman Harmel Rayat Makes $25 Million Infusion

Drives multi-million dollar equipment order and expansion.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

SolarWindow Technologies, Inc., developer of transparent liquid coatings that convert passive windows into electricity-generating windows, announced that the company has ordered high-volume manufacturing equipment and is growing its technical and production teams in a shareholder update from Harmel Rayat, SolarWindow’s chairman.
 
“As a private owner of commercial real estate in the US and Canada, I know first-hand the impact that electricity-generating windows could have, especially those that could cut electricity cost by up to 50%, according to our independently-validated engineering modeling,” Rayat wrote to shareholders. “Less than four months ago, my family office invested almost $25 million into SolarWindow, allowing the company to move forward on its long-held commitment of introducing a brand-new form of electrification – the SolarWindow – and turning entire buildings into vertical power generators…
 
“We’re driving our production plans, hard. Stay tuned as we announce even more important steps that push our manufacturing of SolarWindow electricity-generating glass products at commercial scale,’” Rayat added. “Without a doubt, we have set ambitious goals. I am sure we will have to deal with and overcome our fair share of challenges typical of any enterprise striving as we are… These risks and challenges aside, the economic, environmental, and humanitarian benefits of electricity-generating windows are just too compelling to pass up.”

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