Crown Electrokinetics Smart Glass Insert Could Reduce Energy Costs by at Least 26%
THE ANGELS, Aug 3, 2021 /PRNewswire/ — Crown Electrokinetics Corp. (NASDAQ: CRKN) (“Crown”), a smart glass technology company, has conducted a preliminary field test, and the data suggests it can cut office building energy costs by about 26%. The field test was conducted from the 22nd floor of a The Angels office building, where Crown’s patented ink technology was partially applied to window inserts and then placed over single-glazed windows. By excluding some of the heat generated by sunlight, the simulation data indicated that an office building could reduce operating costs for heating, ventilation and air conditioning (HVAC) systems. On a large scale, such a reduction in HVAC usage can also help lower carbon emissions. In addition, the inserts are intended to reduce glare, improve tenant comfort and eliminate the need for blinds.
Essentially, single windows are energy inefficient and offer little insulation against the heat generated by sunlight. Commercial buildings then absorb most of that heat, leading to increased operating costs associated with HVAC systems that cool the buildings. In addition, higher HVAC usage causes excessive amounts of carbon emissions, and according to the Ministry of Energy, buildings account for 76% of electricity consumption and 40% of primary energy consumption in the United States.
Crown’s Dynamic Tint™ Insert is intended to improve the efficiency of existing windows, eliminating the need to replace glass by simply fitting into window frames. It also acts as an additional sheet of glass and further insulates the building from outside temperatures. And, powered by solar energy, DynamicTint™ Insert will eventually be able to function without wiring in the building.
“We are pleased with the results of this first field test, but I believe that 26% energy savings is just the baseline. We have evidence that our inserts will also save energy with regard to the HVAC heating and cooling. repeating our beta product, we expect the DynamicTint™ Insert to help reduce a building’s energy costs and CO2 emissions. Perhaps most importantly, the smart glass approach will make it easier to retrofit into existing buildings, and it will be significantly cheaper than anything on the market today. As we move from an R&D phase to commercialization, we’re listening closely to our potential customers and incorporating features that are most important to office REITs, as saving money and fighting climate change are not mutually exclusive.” Doug Croxall, Crown’s chairman and CEO.
For more information about Crown’s DynamicTint™ Insert and how it can help reduce operating costs for a commercial real estate portfolio, visit our website and contact us.
About Crown Electrokinetics
Crown is a smart glass technology company and the creator of DynamicTint – We Make Your Glass Smarter™. Originally invented by Hewlett-Packard (HP, Inc.), our technology makes it possible to change any glass surface from clear to dark in seconds. With applications for a wide variety of windows, including commercial buildings, automotive sunroofs and residential skylights, we partner with leading glass and film manufacturers for mass production and distribution. At the heart of our technology is a thin film powered by electrically charged pigment that not only replaces conventional window shades, but is also a more sustainable alternative to traditional window coverings. With its unique ability to be retrofitted to existing glass, DynamicTint™ offers numerous benefits in terms of reducing carbon emissions. The company is supported by a robust patent portfolio. For more information, visit WWW.CROWNEK.COM.
This press release contains forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, and terms such as “anticipate,” “expect,” “intend,” “may,” “will,” “should” or other similar terms involve risks and uncertainties because they relate to events and are dependent on circumstances that will arise in the future. Those statements include statements regarding the intent, belief or current expectations of Crown Electrokinetics and members of management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those described in Crown Electrokinetics’ periodic reports filed with the SEC, and that actual results could differ materially from results affected by such forward-looking statements. Except as required by federal securities laws, Crown Electrokinetics assumes no obligation to update or revise any forward-looking statements to reflect changed circumstances.
View original content to download multimedia:https://www.prnewswire.com/news-releases/crown-electrokinetics-smart-glass-insert-could-reduce-energy-costs-by-at-least-26-301347056.html
SOURCE Crown Electrokinetics