ChromoGenics will deliver ConverLight dynamic glass to an office building in Sweden. Expected total order value is 6 MSEK.
The product, ConverLight, is an advanced technology where an electrochromic film is laminated into the glass to regulate the intensity of sunlight and heat penetration into buildings. The solution improves indoor comfort and wellbeing, and reduces energy consumption, operational costs and the environmental footprint of the property.
When the sun shines, the control system darkens the glass, significantly reducing the need for air conditioning. Similarly, solar heat can be allowed in during the winter to reduce energy consumption and heating costs. This solution also provides a natural daylight effect and unobstructed views - offering several positive health benefits for the people working in the building.
The glass units will be installed during the summer of 2024 and will be produced at ChromoGenics' facility in Uppsala during the first half of 2024. This project sets a new standard for future sustainable office properties and demonstrates how Swedish innovations like ConverLight can play a crucial role in reducing the environmental impact of the construction sector.
Contact:
Fredrik Fränding, CEO
Anne-Marie Gullman, CFO & Head of Investor Relations
Tel: +46 (0) 18 430 0430
E-mail: info@chromogenics.com
ChromoGenics
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 Vator Securities is the Certified Adviser.
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