| | | the investment $ from govt, private, was the way to go No it wasn't. No entity owns EC, LC or PDLC. SPD is owned by REFR specifically because they financed it themselves. Also they only spent 100M over decades, versus blowing $200 million and show no real progress.
REFR has no debt.
REFR has the top glass companies producing SPD products. From View website:
We set out to build the best dynamic glass factory. We took the best talent, equipment and processes from the semiconductor, flat panel and solar industries and merged it with state-of-the-art large glass processing, to deliver a groundbreaking product that’s built to last.
Wow a whole plant devoted to View Dynamic Glass!! Puts Continental's, Vision System's divisions devoted to SPD products to shame. :-)
From Seeking Alpha CC:
Joe Harary:
Mr. Evan Klingmann asks: What are the key factors that have resulted in almost no use of SmartGlass in office buildings and luxury apartments in the Mideast, Indonesia, USA, etc.? As I said in my presentation, there actually have been SPD-SmartGlass use in homes, offices and these projects have been focused in the U.S. Middle East and Europe, so I guess I'll disagree with the statement that there has almost been no use of SmartGlass. We basically have about the same number of projects as our competitors in the architectural market, View and Sage. However at least one of them is losing about a $100 million a year to do that. But also, we could do better if we had a wider and cheaper SPD film. Hitachi's coating line is over 10 years old and was commissioned when other SmartGlass films like PDLC were coated at 1-meter width or about 39 inches. The architectural industry ideally needs 60 inches wide film, and we are working on this. |
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