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I'm hopeful here for an eventual uplist.
Yes, and so refreshing to see a team focused on building the business not worrying about the share price. Mr. Hanbali is the real deal, and clearly has the company's best interest at heart (and thus shareholders' too, indirectly).
Build the business, and the share price will follow. Although they may want to consider moving off the OTC in a couple of years.
Thanks for that. I've also been in touch with them regularly. I'm certain that they are reluctant to promote it in any way until they are current again with the SEC. CEO owns over 57 million shares as of the last 10k. Huge risk for his holding being delinquent with the SEC
I contacted the company and they indicated that SEC filings should be completed this week, and that the World Business interview would likely air in September.
I hope there is more color about the Kromatix sales traction or backlog, in the forthcoming 10K. I also hope this company gets some well-deserved attention soon, and that the PPS doesn't languish at these levels. This company deserves minimally a $25m valuation, IMO (or 5x higher than today).
An update to the Malibu Solar PV project:
http://www.malibucity.org/AgendaCenter/ViewFile/Agenda/06102015-606
Some details:
The project calls for 832 Kromatix panels to generate 100kW (nominal) of power at a cost of $175k (sr $210 per panel).
The LCoE they have calculated to be $0.08/kWh (which is very good, if the math and assumptions are in check, but this is for the total project which includes 4x more "normal" (i.e. not Kromatix) PV panels to be installed on carports)
My guess is they're waiting until after the filings come out. Last I heard from the company the problem is the auditors are going through a few years of info for the audited 10k. That was 2 weeks ago.
We're overdue for the World Business interview with Kathy Ireland. Last we heard they were just waiting for final pictures of the new projects in Austria and Switzerland I think. We were told May/June for it airing, correct? Hope things are OK. They're still overdue with the latest 10Q. Hope we get news soon.
Swissinso Holding Inc owns 49% of Emirates Insolaire, through their wholly owned subsidiary Swissinso SA.
"Emirates Insolaire plans to introduce its product on the Qatari market soon. It will cover up to 8,000 sq m at two iconic buildings there with approximately 1 MW of the panels, according to the report. The coloured solar glass panels have already attracted the attention of entrepreneurs and engineers in the United Arab Emirates, Europe and Brazil, The Peninsula noted, citing the official.
The company, which is mainly active in the development and application of new solar technologies, is 51% owned by Dubai Investments. Solar applications developer SwissInso owns the remaining 49% in the joint venture (JV)."
http://renewables.seenews.com/news/emirates-insolaire-sees-high-sales-of-coloured-pv-this-year-report-465182
When I contacted the company way back when the JV with Glass LLC was created, the CEO said that in addition to a share in the profits (what % ??), SwissINSO is guaranteed royalty payments for every m2 of their glass. I've no idea what % of the JV is owned by SwissINSO, but I imagine only a fraction since it was Glass LLC who ponied-up the capital to build manufacturing capacity (albeit in an already-existing factory).
I guess he's referring to the turnover of Emirates Insolaire, of which SWHN is a party to the JV. I wouldn't expect a very large % of that to trickle through to SwissINSO.
Haven't seen this interview before. Interesting, especially this:
"Since sales will be a certain mix of ready Kromatix panels and Kromatix solar glass alone, the expected turnover is around 2.5M dollars till the end of 2015,"
From 6/30/15
"Emirates Insolaire completes first 3 colored solar panel projects, unveils future plans
30. JUNE 2015 | APPLICATIONS & INSTALLATIONS, GLOBAL PV MARKETS, INDUSTRY & SUPPLIERS, MARKET & TRENDS | BY: BECKY BEETZ
Emirates Insolaire LLC has completed what it says is the world’s first installation of colored solar panels – a 12 kWp building façade in Switzerland. To date, it has executed three projects, all in Europe. With commercial-scale operations starting this year, the BIPV company has big plans for the future, including capacity ramp ups and entry into new markets.
It recently completed a 12 kWp colored solar panel project – the first of its kind, says the company – on the façade of the Swiss Federal Institute of Technology’s (EPFL’s) ELL building in Lausanne, Switzerland. A total of AED 850,000 (around US$231,421) was invested by power company, Romande Energie, Acomet, the EPFL and Emirates Insolaire. The panels are said to be capable of generating enough electricty annually to meet the energy needs of two four-person families.
In addition to the Lausanne system, Emirates Insolaire has completed two other installations: a 24 kWp BIPV system in Basel, Switzerland, with Solvatec; and a solar thermal project for DOMA Solartechnik GmbH’s headquarters in Satteins, Austria.
Commenting on the Basel project, Rafic Hanbali, Managing Partner of Emirates Insolaire tells pv magazine, "It is installed on the roof and some facades of a small building occupying only 80m2 of ground surface. The same installed power would have required, if installed only on the ground or on a roof, an area 3 to 4 times larger than 80m2. This is, in addition to aesthetics, [demonstrates] the considerable advantage of our technology for the cities, which cannot offer enough ground and roof areas for their energy needs."
Future plans
Having begun commercial-scale production of its colored glass just this year, Hanbali says a capacity ramp up is on the cards. Currently, Emirates Insolaire produces 200 MW in Europe via OEM contracts. In 2015, he anticipates sales for over 50,000 square meters of the colored glass. "Since sales will be a certain mix of ready Kromatix panels and Kromatix solar glass alone, the expected turnover is around 2.5M dollars till the end of 2015," he says.
Hanbali says a number of new projects totaling several MWs are in the pipeline in Gulf Cooperation Council (GCC) countries, Europe, the U.S. and Brazil. However, he says, "We do not wish to be more specific at this stage."
Enquires, meanwhile, for Emirates Insolaire’s Kromatix technology are said to be coming from a number of Arabic countries, Europe, Asia, the U.S. and Brazil. Hanbali adds there are plans to enter a number of new markets, including in the GCC countries, Europe, the U.S., Singapore, South Korea and South America.
Responding to the BIPV market share Emirates Insolaire is aiming to capture, Hanbali concludes, "BIPV is already the fastest growing sector within solar installations, and this can only accelerate for the obvious reason of producing energy on the same location where it is consumed.
"With that in mind, we believe that our technology will become the norm and the standard because we cannot imagine our cities dressed only in black. Therefore we are confident that our market share will go from a few percent in 2016 to an important part of the total BIPV installations in the world within 3 to 4 years."
Read more: http://www.pv-magazine.com/news/details/beitrag/emirates-insolaire-completes-first-3-colored-solar-panel-projects--unveils-future-plans_100019993/#ixzz3h6ZIdHil"
It most certainly is. That's phenomenal volume (if it's annual), for the 2nd year of commercial operations. Exciting. Hope to hear more about the financial impact this will have on the company.
Is this new language? From recent press release re: Emirates Insolaire at EnerSolar+ Brasil 2015:
"[Emirates Insolaire] has already initiated plans to ramp up its solar glass production in excess of 1.5 million square metres per year in line with the surging demand and enquiries from GCC states, Europe, USA, Singapore, South Korea and South America."
http://finance.yahoo.com/finance/news/emirates-insolaire-first-world-coloured-063000775.html
The story said that's what it's "worth," not what it cost. Hoping for financials this week
Indeed $230k is an awful lot for such an installation, but this was a showcase with integrated logos and a realtime PV power gauge. The incremental cost for their colored glass was surely not more than a footnote the project costs. They just need PV integrators to certify and resell their glass.
IMO opportunity is huge, but they'll need to chase hundreds of resellers and integrators or architects in order to generate significant demand.
I wonder what the new product they are developing is? Perhaps the ability to more easily integrate shapes and words/logos in the glass??
No, I'm with you but feeling nothing much will happen without financials. Saw this, gives us some idea of what projects cost
"First coloured solar panels in Switzerland - Dubai, United Arab Emirates - The entire installation, worth AED 850,000, is capable of generating sufficient electric power annually for two families of four people each. The building, boasting of its unique blue facade – thanks to the Emirates Insolaire glass panels, thus has the unique recognition of having the first coloured, photovoltaic solar panel façade in the world."
850000 United Arab Emirates Dirham equals $231,421.63
Am I alone in thinking that the fact that this stock has zero volume and is not hyped by the management is a sure sign of a massive PPS increase when the company shows commercial progress?
800 million square meters of solar installed annually around the world, and growing at double-digit rates. Ever m2 of glass will likely net this company $2-3 (my estimate). Today's share price values this company at under $5 million.
Real company. Real projects. Unique IP. Modest management.
Huge potential upside IMO.
And some other shots from the CEO's Instagram account: https://instagram.com/rafichanbali/
New photos of the two installations in Switzerland and Austria published on the company's LinkedIn site, and a video of the facade in Lausanne too.
https://www.linkedin.com/company/1348224
http://www.20min.ch/ro/news/vaud/story/Un-b-timent-unique-au-monde-construit-a-l-EPFL-15142517
Free advertising for Kromatix too
"With an emphasis on "Marketing" both during, and after the project is complete will be a major focus for all stakeholders. From photos, video, time-lapse photos, public relations, certification press releases, and of course with international media outlets. Mr Busch is an internationally recognized photographer, inventor, teacher, and visionary along with Mr Mrozek being a custom designed solar and marketing expert. The technical design will feature ~100kW KromatixTM' on the South facing facade, ~285kW of carports (standard panels). There will be an interactive video display in the entrance to City Hall that will show the current consumption, yearly offsets and environmental benefits for the community, along with anyone with access to the Internet."
Well spotted, and great news! Now with a few completed projects in Europe, and some underway in the middle east, we need coverage of this little gem. It's still so completely undiscovered.
SWHN - Malibu city hall project moving forward
"The facade and parking lot of the Malibu City Hall will undergo a "makeover" and will be covered with PV panels using the cutting edge Kromatix colored glass technology. The total size of the power plant
is estimated at 385 kilowatts per day and will cover 100% of the current electricity consumption of the City Hall and surplus of energy to sell."
"The project will be fully purchased by a high net worth individual to obtain tax credits, and rebates donating the power plant to the City of Malibu. The City of Malibu will have full ownership of the Malibu Solar PV Waves power plant at agreed future date."
"Moreover, the City Hall will save more than an estimated $5,251,829 in savings over the lifetime of the project"
"http://www.malibucity.org/AgendaCenter/ViewFile/Agenda/06102015-606"
Nothing good will happen until the financials are out, imo. Hope they're waiting on further news releases until they're back in compliance. CEO and other investors own too many shares to risk a suspension, imo.
Looks nice. No word on the TV interview that was supposed to air in May?
Still waiting for major momentum around sales and company visibility (in the investment community). Happy to wait patiently in the meantime though.. I bought more a couple of weeks ago.
Website updated with some pictures of completed projects
http://www.swissinso.com/projects.html
Yes, EPFL has many technologies & patents that they spin-off into private companies for the purposes of commercialization. SwissINSO is the only one that I know of, however, that did a r/m with a shell in order to get listed on a US exchange.
SWHN a "spinoff" of EFPL. First time I've seen that. Interesting.
Inauguration of novel coloured façade on EPFL ELL building
http://actu.epfl.ch/news/inauguration-of-novel-coloured-facade-on-epfl-ell-/
21.05.15 - EPFL and Romande Energie inaugurate a façade cladded with novel photovoltaic panels conceived at the Solar Energy and Building Physics Laboratory (LESO-PB) under the direction of Andreas Schüler and developed at the EPFL Innovation Park by spin-off SwissINSO.
The coloured photovoltaic cladding on the new South façade of the EPFL ELL building marks a turning point in the architectural integration of solar cells and opens the door to a modern and attractive solar architecture.
A new patented surface treatment (Kromatix™) based on nanotechnology produces coloured glass for solar collectors with only a very small loss of efficiency. This technology - designed to meet the high esthetic requirements of architects and clients - adds a whole new range of colours to conventional thermal and photovoltaic pannels. The ELL façade is cladded with 105 m2 of photovoltaic panels that are expected to produce 10'000 kilowatthours a year.
The collectors installed on the ELL building are based on the following patent commercialised by the spin-off SwissINSO: WO 2014045141 A2: "Laminated glazing with coloured reflection and high solar transmittance suitable for solar energy systems", inventors Virginie le Caër and Andreas Schüler. ACOMET SA, Collombey and SOLSTIS SA, Lausanne - also a LESO-PB spin-off - were responsible for the installation and electric connection respectively .
The research group "Nanotechnology for Solar Energy Conversion", develops and characterizes novel nanostructured materials for solar energy applications. Due to their fascinating optical and electronical properties, nanometer-scaled structures play an important role in solar energy conversion.
To know more about the scientific work behind the façade, see http://leso.epfl.ch/colored_collectors.
This is what the future of PV looks like folks:
Taken from: https://www.linkedin.com/company/1348224
Rafic Hanbali from Emirates Insolaire discusses innovative coloured solar glass at #SKYSUM2015 #EmiratesInsolaire pic.twitter.com/yTrL4LEwyg
— expotradeglobal (@expotradeglobal) May 11, 2015
CEO speaking at Smart Skyscrapers event in Dubai this week. Emirates Insolaire is a Gold sponsor of the event.
Here's a small article about it: http://www.zawya.com/story/Emirates_Insolaires_coloured_solar_panels_take_skyscrapers_facades_to_new_heights-ZAWYA20150511103057/
I wonder if the TV coverage this month will help attract investors and give this stock a push in the right direction?
Complete description of what's going on here. Many positives for this unique, patented solar product
As used in this Form 10-Q, references to the “Company,” “we,” “our” or “us” refer to the Registrant and our subsidiary, SwissINSO SA"
"Established in November 2013, Emirates Insolaire is part of Glass LLC and a subsidiary of Dubai Investments PJSC. Based in Dubai, Emirates Insolaire is a joint venture with SwissINSO SA, a Switzerland-based company dealing in the development and application of new solar technologies and products."
http://www.dubaiinvestments.com/en/SitePages/emirates_insolaire.aspx
"Coloured solar panels go to Europe
Emirates Insolaire is producing a revolutionary green product which is attractive to people supporting a diminishing role for fossil fuels in electricity generation
01 May 2015
Emirates Insolaire’s highly sustainable, energy-efficient coloured solar panels have been shipped to Europe and the US and will be delivered to Brazil soon, a senior official has said.
Rafic Hanbali, managing partner, however, stated that shipments to GCC states had still to begin and were under negotiations.
“We started in end 2014, and the deliveries were mainly for certifications and certain users. Overall, deliveries were about 20,000 sq m and our clients included private establishments, installers/distributors and panel manufacturers,” said Hanbali. Emirates Insolaire is a subsidiary of Dubai Investments.
“The feedback has been extremely positive, with orders placed for higher quantities. We expect a 100 per cent increase in the volume of sales in 2015,” said Hanbali.
About how he visualised Emirates Insolaire’s growth over the next three years, Hanbali said: “We expect exponential increase as our first projects are on the verge of completion and the market can see the beauty and efficiency of this unique product. The concept is proven with considerable positive consequences that our product brings across various fronts – environmentally, economically and aesthetically.”
The highly-sustainable coloured solar panels – the first-of-its-kind in the world – not only cut down on greenhouse gas emissions but also considerably reduce utility bills.
The panels continue to generate lot of interest not only among businesses but also from residents amidst growing awareness and initiatives towards renewable energy sources. The company has received enthusiastic enquiries from the UAE, Qatar, Saudi Arabia, Kuwait, Egypt, Bahrain and Lebanon as well as from Europe, Asia, the US, and Brazil, among other places.
The solar panels are in line with the Dubai government’s ongoing initiative to install solar panels in buildings in the Emirate as part of its steps to harness sunlight for conversion into electricity.
Given the huge demand for its energy-efficient innovation, Dubai Investments expects sales in excess of 50,000 sq m for coloured solar panels in 2015. Each coloured solar panel, manufactured with Kromatix technology, can generate above 150 watts electric power per sq m on roofs, or above 110 watts per sq m on façades. Approximately 2,000 panels on one building are capable of generating above 350 kW electric power.
Examples of Emirates Insolaire offerings
Examples of Emirates Insolaire offerings
Globally, the photovoltaic market has grown 40 per cent year-on-year and the number of installations foreseen for 2015 is 160 GW – approximately 800 million sq m of glass. Furthermore, the share of BIPV (Building Integrated Photovoltaic) for roofs and facades, one of the specialisations of Emirates Insolaire, is witnessing one of the fastest growth rates.
Hanbali made a presentation on the advantages of integrating Kromatix technology in buildings at the Wetex show in Dubai recently. He spoke on the growing trends towards façade solar integration in the Middle East.
At trade shows in recent months, Emirates Insolaire has been explaining to urban developers ways to adapt its unique, coloured and sustainable solar panels, its breakthrough photovoltaic modules as well as solar thermal collectors to enhance the design appeal and aesthetics of building façades in the region.
REVOLUTIONARY
Emirates Insolaire solar panels, coming in virtually any colour, have revolutionised the industry, as it can be easily integrated in natural colours to any façade and roof and thus offer cost-effective and sustainable customisation. Having already begun production and installed its first façades in Europe, Emirates Insolaire has been receiving enquiries for its coloured solar panels from the UAE, Qatar, Saudi Arabia, Kuwait, Egypt, Bahrain and Lebanon as well as from Europe, Asia, the US, and Brazil, among
other places.
“There is a latent demand for Emirates Insolaire’s revolutionary, coloured solar panels across the globe,” said Hanbali at a gathering in Doha recently. “Our breakthrough glass is optimised for photovoltaic modules as well as solar thermal collectors and we see a massive growth potential in the Gulf region.
We expect sales in excess of 50,000 square metres for coloured solar panels and photovoltaic models during 2015 alone.”
He added: “The solar PV industry is booming, with the end-market demand hitting rapid growth levels almost every quarter – so we are quite bullish. Our participation in the Façade Design & Engineering Summit is part of our strategy to reinforce our breakthrough technology to potential partners from across the region and beyond. The scale of construction under way in Qatar itself is phenomenal and offers unmatched growth opportunity.”
The Emirates Insolaire solar glass panels, manufactured with Kromatix technology, are developed in close collaboration with the Swiss Federal Institute of Technology (EPFL – Ecole Polytechnique Federale de Lausanne). Optimised for photovoltaic modules – which use cells to convert solar radiation into electricity – and solar thermal collectors, the glass provides a mat coloured, architecturally aesthetic appearance to solar panels, preserving more than 90 per cent of the original efficiency."
http://www.gulfindustryonline.com/news/12907_Coloured-solar-panels-go-to-Europe.html#
More news today. SWHN CEO speaking here. Emirates Insolaire a gold sponsor along with some large corporations (GE, United Technologies, Emerson)
http://www.smartskyscrapers.com/testimonials.html
"Sustainability in Skyscrapers Discussed at Smart Skyscrapers Summit, Beginning in Dubai Next Week
PRLog - May 5, 2015 - DUBAI, UAE -- The 2nd Annual Smart Skyscrapers Summit returns to Dubai early next week at Sofitel Dubai The Palm Resort and Spa on May 11 and 12, 2015. Held under the patronage of the Dubai Municipality, the summit is produced by global event organizers, Expotrade, with over 300 senior architects, engineers, policy-makers, developers, contractors and building managers from across the GCC expected to attend.
The summit will be inaugurated by Abdullah Al Rafia, Assistant Director General - Engineering and Planning Department, Dubai Municipality.
The two-day by-invitation-only summit’s agenda features a series of thought-provoking presentations, case studies and panel discussions focused on bringing into the limelight the latest advancements in skyscraper technology. At the heart of the summit is sustainability, with topics on the agenda shedding new light on issues such as construction challenges, intelligent transit, safety, innovative technology, energy efficiency, trends in architecture and much more.
Speakers and panelists include Ahmad K Abdelrazaq, Sr. Executive Vice President, Samsung C & T; Wassim Aboushaar, Executive Managing Director, Schindler Middle East; Saeed Alabbar, Director, AESG; Simon Lay, Director – Fire Engineering, AECOM; Abdulmajid Karanouh, Director - Head of Façade, Ramboll Middle East; Rudi Clayton, Manager Marketing & Exports, SULB Company; Dr. Yasser Mahgoub, Head of Architecture and Urban Planning, College of Engineering, Qatar University; Johannes de Jong, Head of Technology, Major Projects, KONE; Dr. Montasser Hussein El-Raie, Projects Manager, Khatib & Alami; Matthew Neidlinger, Director - Marketing MEA, Emerson Climate Technologies; Nawras Rimawi, Director, Al-Jazeera Paints Academy; Matthew David Carton, Specification Manager, Kansai Paint MENA & CIS; Errol Bull, Architectural Engineer, Technical Services Manager, GE Construction Sealants; Gabor Andrasi, Sales and Marketing Director - Africa & Middle East, Guardian; Rafic Hanbali, Managing Partner, Emirates Insolaire; Wulf Binder, Sales Manager – Architecture, Novelis; Phillip Jones, Principal & Managing Director, Middle East & North Africa, B+H Architects, and many more.
This year’s edition features a greater number of partnerships with major companies such as Schindler, SULB Company, KONE, Al-Jazeera Paints, Emerson Climate Technologies, Kansai Paint, GE Sealants, Guardian, Emirates Insolaire, UTC Building & Industrial Systems, Vision Project Services, Novelis and many more. The exhibitor lounge will feature over 25 solution-providers showcasing their innovative product ranges for the benefit of the audience.
Brad Hariharan, Regional Director, Expotrade Middle East, organizers of the conference, said, “The Smart Skyscrapers Summit focuses on highlighting challenges and solutions in sustainable skyscraper development. We are privileged to be supported in this regard this year by the Dubai Municipality. We look forward to bringing a platform to showcase the best in skyscraper technology to our audience.”
For event details, visit www.smartskyscrapers.com
About Expotrade
Expotrade is a global conference and event organizer with its head office based in Melbourne, Australia and a regional office in Dubai, United Arab Emirates. Expotrade has delivered some of the largest, most successful B2B industry conferences and events. For almost 10 years, our unique blend of knowledge, experience and flexibility has accomplished an array of consistently top quality events. Today, Expotrade events enjoy such a distinctive edge, they are amongst the best patronized in the calendar."
http://www.prlog.org/12452740-sustainability-in-skyscrapers-discussed-at-smart-skyscrapers-summit-beginning-in-dubai-next-week.html
Recent news of product shipped to Europe and the U.S.
http://www.gulfindustryonline.com/news/12907_Coloured-solar-panels-go-to-Europe.html
You will need a real brokerage account, as banks like UBS don't let you buy OTC stocks. I used SwissQuote (based in Gland) for a time, but I also recommend Interactive Brokers for OTC stocks as their fees are very low.
Good luck to you with your investments.
Hi,
I started to follow SWHN too. I agree it looks promising.
Can you please advise how can one purchase (and sell) this stock? Any online platforms that you would recommend? I am based in Switzerland.
Many thanks,
T
PS: additional news
http://leso.epfl.ch/files/content/sites/leso/files/download/diverse/Domotech2015.pdf
I hope that info is revealed in the Bloomberg and Fox Business tv interview. Patiently waiting for that next month to see pictures of some of the projects
You're right, of course. I consider myself a long-term investor and am normally very patient. I guess I just expected sales to boom instantly. But this is just year 1 in what I expect to be a great decade for SwissINSO's coloured panels. And I'm also keen to learn about their new products that they've been commissioned to build.
"In excess of 50,000" is a great start. So many startups have great ideas but go nowhere. Emirates Insolaire is production ready. I agree that Mr. Hanbali has done well since taking over. More orders will come, licensing revenue will follow. Happily holding
Good stuff, thanks e-ore.
I hope that those "enthusiastic enquiries" turn into sales soon. IMO 50000 m2 of panels this year isn't outstanding, and I hope they're being conservative. But then I've been an investor since 2010 and now that things look like they're turning a corner I'm just growing impatient
Of course since 2010 I have more than quintupled my position, thanks to a ridiculously low share price. I'm happy with what Mr. Hanbali has been doing since taking the reins -- focusing on building a capital efficient business model business without ruining existing shareholders. He's doing an outstanding job.
OTC Markets Group Welcomes Newly Verified OTCQB Companies – March 30
SwissINSO Holding Inc. (OTCQB: SWHN) – SwissINSO Holding's core business is solar energy. The company has a wholly owned subsidiary named SwissINSO SA based in Lausanne, Switzerland, working alongside the renowned Solar Energy Department of the Swiss Polytechnic Institute of Lausanne in the Research and Development of ground breaking renewable energy technologies.
After a 10-year partnership with the EPFL, SwissINSO has developed a unique patented glass treatment for photovoltaic and thermal solar panels that enables them to be produced in virtually any color. This technology breakthrough has created a paradigm shift in the solar panel market by developing a product that eliminates the current trade-off between aesthetics, energy efficiency and cost. For the first time, solar panels are now available in a range of colors and no more only in black or dark blue.
The surface of the panel is uniform in color with a mat finish and no glare. In addition, the internal components of the panels are invisible. As a result, these panels with or without a frame can now be applied to all surfaces of a building, entire facades and entire roofs, opening up a new world of opportunities in architectural design, and of course, energy savings.
In 2014 SwissINSO Holding entered into a major joint venture with Glass LLC, a group company of Dubai Investments, which will be providing the production capability and equipment required for the glass coating process. The joint venture, named Emirates Insolaire, will be the global production and sales hub for the Kromatix’s product range.
Dubai Investments’ eco-friendly coloured solar panels, products get huge response at WETEX
Published April 22nd, 2015 - 10:21 GMT Press Release
Dubai Investments PJSC [DI], the leading investment company listed on the Dubai Financial Market, has announced that its energy-efficient coloured solar panels and eco-friendly innovations are receiving overwhelming response at the WETEX 2015 exhibition, currently under way at Dubai World Trade Centre.
The highly-sustainable coloured solar panels – the first-of-its-kind in the world and produced by DI subsidiary Emirates Insolaire – not only cut down on greenhouse gas emissions but also considerably reduce the utility bills. Dubai Investments is also displaying its breakthrough photovoltaic modules, solar thermal collectors and other innovations at the exhibition.
The coloured solar panels continue to generate lot of interest not only among businesses but also from residents amidst growing awareness and initiatives towards renewable energy sources. The company has received enthusiastic enquiries from the UAE, Qatar, Saudi Arabia, Kuwait, Egypt, Bahrain, Lebanon, as well as from Europe, Asia, the US, and Brazil, among others.
The solar panels are in line with the Dubai government’s ongoing initiative to install solar panels in buildings in the Emirate as part of its steps to harness sunlight for conversion into electricity.
Given the huge demand for its energy-efficient innovation, Dubai Investments expects sales in excess of 50,000 square metres for coloured solar panels in 2015. Each coloured solar panel, manufactured with KromatixTM technology, can generate above 150 watts electric power per square meter on roofs, or above 110 watts per square meter on façades.
Rafic Hanbali, Managing Partner of Emirates Insolaire, will also make a presentation on the advantages of integrating KromatixTM technology in buildings on April 23, 2015 at 10am.
Dubai Investments – one of the Gold Sponsors of WETEX – is also highlighting the eco-friendly solutions of its other subsidiaries, including Emirates Glass, Dubai Cranes, Lite-Tech Industries and Emicool, and providing an overview on how the innovations could help in reducing the ecological footprint. DI has been part of WETEX for the last three years.
http://www.albawaba.com/business/pr/dubai-investments%E2%80%99-eco-friendly-coloured-solar-panels-products-get-huge-response-wetex-6
I think the idea is to keep the majority of the fabrication of the glass alone with Glass LLC, but I'm not so worried about their production capacity. Where they need scale is at the PV manufacturers or installers, who likely get their glass from external suppliers anyway.
That's the key. If only Emirates Insolaire will be making the panels then their volume may be limited. If the technology is available to all panel manufacturers then the upside is huge. My opinion, based on news, shareholder letters, etc is that Emirates Insolaire will not be the exclusive supplier.
Personally I think it's far less. Their IP is about the coloring alone, not the PV cells, so I'm guessing $5 per m2 of glass. So the 50k of sqm's they mentioned I think would bring them about $250k. I hope my numbers are too conservative -- we shall find out soon enough.
But even at $5/sqm, the revenue potential is huge. It's not unreasonable to hope that 10% of all new PV (and Solar Thermal) panels in certain countries would want colored panels, and they are the only viable option out there. That could mean royalties of $150 million annually (based on capturing 10% of a 25GW annual PV installation rate).
Of course 2014 saw 50GW of PV installed, and the growth is> 40% / year, so come 2020 this little company could be doing very very well indeed if they get several major players to use their colored glass.
Based on the 50,000 square meters already sold they'll get over $1 million if the royalty is 10%. I agree it's a great business model, looking forward to holding a nice cash cow here.
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SwissINSO Holding Inc. (SWHN)
Company Information:
World Trade Center
Avenue Gratta-Paille 1
1018 Lausanne - Switzerland
Tel: +41-21-641 1930
Fax : +41-21-641 1935
contact@swissinso.com
CIK: 0001437395
SwissINSO Holding Inc utilizes its significant intellectual property assets to provide innovative solar energy solutions and related technology to meet growing global needs. Formed in 2006, the company is located in Lausanne, Switzerland.
The company's mission is to foster the promotion of social, economic and environmental value for its customers, employees, business partners and shareholders by providing innovative, "green" products and services.
Our goal is to become a pioneer and world leader in turn-key solar powered solutions for the purification and desalination of water and the air cooling of buildings.
Management:
http://www.swissinso.com/corporate/management.aspx
Corporate Partners:
http://www.swissinso.com/partners/leso-epfl.aspx
Recent News:
http://www.swissinso.com/news/index.aspx
http://finance.yahoo.com/q/h?s=SWHN.OB+Headlines
Filings:
Transfer Agent:
Stocktrans, Inc.
44 W Lancaster Ave.
Ardmore PA 19003
Phone: 610-649-7300
www.stocktrans.com
Share Structure:
Common Shares
Outstanding Shares
77,497,145 as of March 31, 2010
Authorized Shares
100,000,000 as of March 31, 2010
Preferred Shares
Outstanding Shares
0 as of March 31, 2010
Authorized Shares
10,000,000 as of March 31, 2010
Investor Relations:
Contact IR form:
http://www.swissinso.com/investor-relations/contact-ir.aspx
Failed start-up PashminaDepot.com recently purchased by Lausanne (Swtizerland) based SwissINSO.
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