ChromoGenics introduces patent-pending ConverLight® Interlayer
ChromoGenics is applying to patent its ConverLight® Interlayer that enables the glazing industry to manufacture smart dynamic glass without the need to invest in new equipment. ConverLight® Interlayer is accelerating the implementation of ChromoGenic’s partner strategy by simplifying partner production of ConverLight® Dynamic glass. The innovation increases the scalability of this business and is expected to contribute to increased sales, improved cashflow, and a reduction in tied-up capital.
ConverLight® Dynamic from ChromoGenic consists of a dynamic layer that is laminated into glass to provide buildings with good solar control. The product creates an improved and more energy efficient indoor environment, plus a lower environment load in production, transport and use. The ability to produce a dynamic foil layer that its regional partners can integrate into glass and deliver to their customers themselves is unique to ChromoGenics.
The company itself provides the investment and knowledge required to cut the dynamic layer to customer specific sizes. Until now, cutting customer specific orders to size has been a very delicate and sensitive process which made it difficult to supply to other companies in the glazing industry.
ConverLight® Interlayer is a dynamic layer, supplied ready cut to fit a specific glass size. As a robust and transport friendly product, it can be handled within the parameters of standard glazing industry glass laminating operations. A patent application has been submitted and a smaller first commercial order has already been delivered.
“With ConverLight® Interlayer, companies that laminate glass can now manufacture smart dynamic glass as part of their everyday operations. ConverLight® Interlayer is very robust and easy to handle and developed to slot right into existing production lines at our customers.” says ChromoGenics CTO Greger Gregard.
“There is a massive market for laminated glass, around USD 21 billion globally, with many regional companies with extensive knowledge and local business relationships. We envisage tremendous interest from the industry, not least following the recent US climate economic stimulus package, that offers a 30% energy tax credit when installing dynamic glass. ConverLight® Interlayer is an important step in our strategic direction: to work closely with chosen partners in the glazing industry and to focus more on our core know-how, i.e. the production and development of electrochromic layers. With this innovative solution, we are lowering the threshold for our partners, making our business more scalable, improving cashflow and reducing our tied-up capital.” says Fredrik Fränding, CEO of ChromoGenics.
Contact:
Fredrik Fränding, CEO
Erik Elfström, CFO & Head of Investor Relations
Tel: +46 (0) 18 430 0430
E-mail: info@chromogenics.com
This statement has been made in a Swedish and English version. In the event of any discrepancies between the Swedish and English text, the Swedish text shall prevail.
About ChromoGenics
ChromoGenics is a proptech company producing smart dynamic glass that improves indoor environments and well-being and lowers buildings’ energy consumption, operating expenses and impact on the climate. The company’s product ConverLight® Dynamic is based on a unique patented technology from the Ångström Laboratory in Uppsala, where electrochromic coatings are sputtered onto plastic film. The result is a dynamic film that can be laminated between glass layers, which provides buildings with good solar protection and lowered environmental impact from production, transport and use. The dynamic film is easy to transport and can be applied by local partners in the glass industry, which means it is possible to avoid long-distance shipping of bulky glass. All of ChromoGenics’ products strive to follow the key words environment and health. This means a focus on environmentally friendly material, lower energy consumption, increased access to daylight and views and improved indoor comfort.
The company’s production facilities in Uppsala have been financed in part by a conditional loan from the Swedish Energy Agency. ChromoGenics’ share (CHRO) is listed on Nasdaq First North Growth Market, and Erik Penser Bank is the Certified Adviser.
ChromoGenics