SolarWindow Completes Financing to Advance Manufacturing, Marketing, and Product Fabrication

COLUMBIA, Md.–(BUSINESS WIRE)–$WNDW #solar–SolarWindow Technologies, Inc. (OTCQB: WNDW) is pleased to announce that
the company has completed a private placement financing for
approximately $2.6 million (the “Financing”) from four investors, three
of whom have been long-term shareholders and supporters of SolarWindow.
The company intends to use the proceeds from the Financing for general
working capital purposes, including the further advancement of its
previously announced manufacturing, marketing and product fabrication
initiatives for its electricity-generating glass products for commercial

“With this round of financing in hand and a Process Integration and
Production Agreement with Triview Glass Industries, an award-winning
custom glass fabricator, we’re moving forward with turning our
first-ever inventions into first-ever electricity-generating windows,”
states John Conklin, President and CEO of SolarWindow Technologies.

Targeting commercial buildings, such as tall towers and skyscrapers,
which consume almost 40% of all the electricity generated in the U.S.,
the company’s electricity-generating windows could reduce electricity
costs by 30%-50% and shows a one-year financial payback for building
owners, which is the industry’s fastest published financial return
according to independently-validated company power and financial

The Financing consisted of the issuance by the company of 821,600 units
at a purchase price of $3.11 per unit, with each unit consisting of 1
share of common stock and 1 share purchase warrant, having an initial
exercise price of $3.42 and a five-year term. The securities sold in the
Financing have not been registered under the United States Securities
Act of 1933, as amended (the "Securities Act"), and may not be offered
or sold in the U.S. absent registration or an applicable exemption from
registration requirements. As part of the Financing, the company has
agreed to file a resale registration statement on Form S-1 with the
United States Securities and Exchange Commission within 30 days of the
closing of the Financing for purposes of registering the resale of the
shares of common stock issued or issuable in connection with the
Financing. All securities issued in the Financing are subject to a
statutory hold period of four months plus a day from the date of the
consummation of the Financing.

This notice does not constitute an offer to sell or the solicitation of
an offer to buy the securities, nor shall there be any sale of the
securities in any state in which such offer, solicitation or sale would
be unlawful prior to the registration or qualification under the
securities laws of such state. Any offering of the securities under the
resale registration statement will only be by means of a prospectus.

About SolarWindow Technologies, Inc.

SolarWindow Technologies, Inc. creates transparent
electricity-generating liquid coatings. When applied to glass or
plastics, these coatings convert passive windows and other materials
into electricity generators under natural, artificial, low, shaded, and
even reflected light conditions.

Our liquid coating technology has been presented to members of the U.S.
Congress and has received recognition in numerous industry publications.
Our SolarWindow™ technology has been independently validated to generate
50-times the power of a conventional rooftop solar system and achieves a
one-year payback when modeled on a 50-story building.

For additional information, please call Briana Erickson at 800-213-0689
or visit:

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Power and Financial Model Disclaimer

The company’s Proprietary Power Production & Financial Model (Power &
Financial Model) uses photovoltaic (PV) modeling calculations that are
consistent with renewable energy practitioner standards for assessing,
evaluating and estimating renewable energy for a PV project. The Power &
Financial Model estimator takes into consideration building geographic
location, solar radiation for flat-plate collectors (SolarWindow™
irradiance is derated to account for 360 degree building orientation and
vertical installation), climate zone energy use and generalized
skyscraper building characteristics when estimating PV power and energy
production, and carbon dioxide equivalents. Actual power, energy
production and carbon dioxide equivalents modeled may vary based upon
building-to-building situational characteristics and varying
installation methodologies.

Social Media Disclaimer

Investors and others should note that we announce material financial
information to our investors using SEC filings and press releases. We
use our website and social media to communicate with our subscribers,
shareholders and the public about the company, SolarWindow™ technology
development, and other corporate matters that are in the public domain.
At this time, the company will not post information on social media
could be deemed to be material information unless that information was
distributed to public distribution channels first. We encourage
investors, the media, and others interested in the company to review the
information we post on the company’s website and the social media
channels listed below:

• Facebook
• Twitter

* This list may be updated from time to time.

Legal Notice Regarding Forward-Looking

No statement herein should be considered an offer or a solicitation of
an offer for the purchase or sale of any securities. This release
contains forward-looking statements that are based upon current
expectations or beliefs, as well as a number of assumptions about future
events. Although SolarWindow Technologies, Inc. (the “company” or
“SolarWindow Technologies”) believes that the expectations reflected in
the forward-looking statements and the assumptions upon which they are
based are reasonable, it can give no assurance that such expectations
and assumptions will prove to have been correct. Forward-looking
statements, which involve assumptions and describe our future plans,
strategies, and expectations, are generally identifiable by use of the
words “may,” “will,” “should,” “could,” “expect,” “anticipate,”
“estimate,” “believe,” “intend,” or “project” or the negative of these
words or other variations on these words or comparable terminology. The
reader is cautioned not to put undue reliance on these forward-looking
statements, as these statements are subject to numerous factors and
uncertainties, including but not limited to adverse economic conditions,
intense competition, lack of meaningful research results, entry of new
competitors and products, adverse federal, state and local government
regulation, inadequate capital, unexpected costs and operating deficits,
increases in general and administrative costs, termination of contracts
or agreements, technological obsolescence of the company's products,
technical problems with the company's research and products, price
increases for supplies and components, litigation and administrative
proceedings involving the company, the possible acquisition of new
businesses or technologies that result in operating losses or that do
not perform as anticipated, unanticipated losses, the possible
fluctuation and volatility of the company's operating results, financial
condition and stock price, losses incurred in litigating and settling
cases, dilution in the company's ownership of its business, adverse
publicity and news coverage, inability to carry out research,
development and commercialization plans, loss or retirement of key
executives and research scientists, changes in interest rates,
inflationary factors, and other specific risks. There can be no
assurance that further research and development will validate and
support the results of our preliminary research and studies. Further,
there can be no assurance that the necessary regulatory approvals will
be obtained or that SolarWindow Technologies, Inc. will be able to
develop commercially viable products on the basis of its technologies.
In addition, other factors that could cause actual results to differ
materially are discussed in the company's most recent Form 10-Q and Form
10-K filings with the Securities and Exchange Commission. These reports
and filings may be inspected and copied at the Public Reference Room
maintained by the U.S. Securities & Exchange Commission at 100 F Street,
N.E., Washington, D.C. 20549. You can obtain information about operation
of the Public Reference Room by calling the U.S. Securities & Exchange
Commission at 1-800-SEC-0330. The U.S. Securities & Exchange Commission
also maintains an Internet site that contains reports, proxy and
information statements, and other information regarding issuers that
file electronically with the U.S. Securities & Exchange Commission at
The company undertakes no obligation to publicly release the results of
any revisions to these forward looking statements that may be made to
reflect the events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events.


SolarWindow Technologies, Inc.
Ms. Briana L. Erickson,
[email protected]
[email protected]