Corning, View Announce Strategic Collaboration to Advance Dynamic Glass Technology
Corning Incorporated (NYSE: GLW) and View Inc., today announced a strategic development agreement to leverage their combined capabilities to advance View's market-leading dynamic glass. Corning is leading a financial investment in View as part of a Series E round of funding to support the development of dynamic glass technologies for exterior architectural applications. Dr. Jeffrey W. Evenson, Corning's senior vice president and operations chief of staff, will serve on View's board of directors.
Representing a major innovation in architectural windows, View Dynamic Glass intelligently regulates the amount of heat and glare that enters a building. Dynamic glass automatically transitions between clear and variable tint in response to environmental conditions and user preferences. Occupants benefit from uninterrupted views, abundant natural light, and greatly improved thermal comfort, while building architects enjoy expanded design freedom. In a typical commercial installation, annual HVAC and lighting energy consumption is reduced by 20 percent while HVAC peak load is reduced by 25 percent.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.