SOLARWINDOW TECH INC - WNDW STOCK NEWS

SolarWindow Technologies completes and files annual report, plans to file quarterly statements. Failure to timely file 10-Qs will negatively affect stock price and investors' ability to trade securities.

SolarWindow Technologies, Inc. has announced organizational and management changes in its Korean subsidiary, SolarWindow Asia. The changes include the removal of former directors and the appointment of new directors and an auditor. These changes were necessary because SolarWindow Asia failed to provide the required financial documents for the completion of the fiscal year audit. The company is now able to acquire and process the necessary information to complete the audit and subsequent reviews.

SolarWindow Technologies, Inc. (WNDW) has issued a warning to stockholders regarding trading restrictions due to its failure to file timely Forms 10-K and 10-Q. This delay is attributed to inadequate cooperation from John Rhee, the Representative Director of SolarWindow Asia Co. Ltd., who has not supplied necessary financial information for audits since May 2022. SolarWindow has initiated legal proceedings to remove Rhee and his appointees from the Korean subsidiary’s board and to facilitate access to the required documents. Failure to file these forms may lead to further regulatory consequences and impact stock trading.

On January 24, 2022, SolarWindow Technologies (Symbol: WNDW) appointed John Rhee as its Chairman and CEO. Following the acquisition of nearly 72% of the company’s shares by Light Quantum Energy Holdings, Rhee aims to enhance manufacturing capabilities with the assistance of former LG executives. Dr. In Jae Chung has been appointed Chief Technology Officer, while Chulwoo Kim will lead technology and product innovation. The company specializes in transparent electricity-generating coatings for glass and plastics. Cautionary statements regarding financial obligations from the acquisition were also noted.

On December 14, 2021, SolarWindow Technologies, Inc. (Ticker: WNDW) announced that Light Quantum Energy Holdings (LQE), controlled by President John Rhee, acquired 62% of its shares from Kalen Capital Corporation. This transaction, roughly 72% on a fully diluted basis, was privately negotiated and includes deferred payment terms and operating covenants. Rhee emphasized the significance of this acquisition for SolarWindow's growth and commitment to sustainable technology. Kalen Capital previously invested over $30 million in SolarWindow's development.

SolarWindow Technologies, Inc. (WNDW) has appointed Kyle Ballarta as Senior Strategist of Corporate Innovation. Mr. Ballarta, known for his successful investments in disruptive technologies, will contribute to the introduction of the company's clean-energy solutions. SolarWindow's LiquidElectricity™ technology turns ordinary glass into electricity-generating surfaces, aiding sustainability. The company holds 224 awarded patents and has 576 additional claims in progress, showing robust innovation. This strategic appointment aims to enhance partnerships and drive growth in the clean-energy sector.

SolarWindow Technologies, Inc. (WNDW) has appointed Dr. In Jae Chung as Global Director of Technology & Product Innovation. Dr. Chung previously held leadership roles at LG Fuel Cell Systems and LG Display, bringing 30 years of expertise in new product development and technology innovation. He is recognized for his contributions to renewable energy and holds over 160 patents. Dr. Chung aims to enhance SolarWindow's transparent LiquidElectricity™ products, which generate electricity on glass and plastics, marking a significant shift in renewable energy applications.

SolarWindow Technologies, Inc. (WNDW) has appointed Mr. Sergio Pombo as Senior Advisor for Government Relations and Public Funding. Pombo, co-founder of Berkana Private Equity, brings extensive experience in clean energy investments and public-sector funding. He previously led initiatives at the Green Climate Fund, which has attracted $20 billion from over 43 nations. His expertise aims to enhance SolarWindow's outreach as governments prioritize renewable energy and infrastructure. The company specializes in LiquidElectricity™ technology, enabling energy generation on glass and plastics.

SolarWindow Technologies, Inc. (WNDW) has achieved a record 14.72% power conversion efficiency, more than doubling its previous performance. This milestone was independently certified by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) as part of a Cooperative Research and Development Agreement. The company is actively working to optimize efficiency for large-scale applications such as electricity-generating windows. Additionally, SolarWindow has enhanced its testing capabilities significantly, achieving 500% faster testing speed and 20x cost reductions for material use.