ChromoGenics AB (publ) has been awarded a grant of SEK 1.2 million from Vinnova for co-financing of an innovation project for improved performance for electrochromic foils.
ChromoGenics has received a grant from Vinnova for co-financing of the "Improved Performance for Electrochromic Foils" innovation project that will take ConverLight® to the next step. The project is scheduled to start in June 2018 and end in December 2019.
Vinnova is Sweden's Innovation Authority with the task of contributing to sustainable growth by improving the opportunities for innovation. This is done primarily by providing funds to innovation projects and research needed to develop new solutions. Vinnova also invests long-term in strong research and innovation environments.
Vinnova's motivation for the decision to ChromoGenics’ innovation project is:
- The project is based on an innovation with great potential, furthermore, the reasoning for future growth potential is credible.
- The project plan is well-developed and describes a clearly focused project with good feasibility.
- The company's resources in the form of past experience, skills and equipment provide good conditions for achieving set goals.
"ChromoGenics’ dynamic glass controls heat and daylight emissions in premises, which provides better indoor comfort and energy efficiency. We are proud of the awarded grant for innovation that will provide opportunities to increase the pace of our material development to broaden and strengthen our product offering. Satisfied tenants are important to all property owners and we are pleased that our dynamic glass can contribute to it, while reducing environmental impact through lower energy consumption," says Greger Gregard, CTO for ChromoGenics.
Jerker Lundgren, CEO
Susanne Andersson, CFO & Head of Communications
Tel: +46 18 430 0430
Certified Adviser: G&W Fondkommission
Every care has been taken in the translation of this document. In the event of discrepancies, the Swedish original will supersede the English translation.
ChromoGenics offers dynamic glass with controllable heat- and light transmission. The company’s unique technology ConverLight® provides sustainable solar control for increased indoor comfort and energy efficiency. ConverLight® also contributes to Green Building certifications. In 2016 the company started commercial sales to real estate projects in Scandinavia.
ChromoGenics is located in Uppsala, Sweden, and the technology is derived from the world leading research center at Ångström Laboratory at Uppsala University. The plant has been partly financed by a conditional loan from the Swedish Energy Agency. ChromoGenics share (CHRO) is listed on Nasdaq First North Stockholm with G&W Fondkommission as Certified Adviser.