Post Time：Apr 25,2019Classify:Company NewsView：1189
Mr. Horovitz, a 25-year veteran of commercial real estate, joins the Board following the appointment of Mr. Bob Levine, founding partner of one of the world’s fastest growing commercial real estate firms, and a $25 million investment by Mr. Harmel Rayat, a commercial real estate investor and the Chairman of the company. SolarWindow has targeted commercial buildings as its first market for electricity-generating glass products.
Mr. Horovitz brings decades of experience in commercial real estate, ranging from property acquisition, finance, design, construction, marketing, leasing and post-development work.
During his career, Mr. Horovitz has held executive positions managing or marketing upwards of 3 million square feet of commercial, industrial and apartment properties, which are the initial target market for the company’s transparent electricity-generating windows. Presently, Mr. Horovitz Vice President of Development for Omnicron, one of the largest integrated development, design and construction firms in the region.
“For years, I reached out to Steve for help with numerous complex business challenges. Each time, he thoughtfully provided practical and easy-to-implement solutions. Along with his expansive direct industry experience, these are attributes that will serve our management team well in the years to come. I am truly proud to have Steve join our Board of Directors,” stated Mr. Harmel S. Rayat, Chairman of SolarWindow Technologies.
“Less than six months ago, my family office invested almost $25 million to push forward the manufacture of electricity-generating glass and bring to market a brand-new form of electrification – the SolarWindow™. Along with our capital, I’m committed to strengthening our team.”
Mr. Horovitz’s appointment to the Board of Directors follows many other recent SolarWindow advancements, including:
The addition of Mr. Bob Levine to the Board of Directors, a founding partner of one of the world’s fastest growing commercial real estate firms;
The addition of Mr. Tim Widner to the Board of Advisors, a 20-year glass industry professional who has overseen the production of 300 million square feet of tempered glass and more than 30 million insulated glass units; and
A seven-figure purchase order for high-output manufacturing equipment for integration into the SolarWindow partner plant at Triview Glass Industries.
SolarWindow electricity-generating glass products are the subject of more than 90 U.S. and international patents and trademarks.
The global demand for fabricated flat glass is forecasted to grow 4.3 percent per year to $86 billion in 2021. The market for architectural glass is expected to rise through 2021 by greater use of value-added products in both new structures and refurbishment activities. SolarWindow is targeting the estimated 5.6 million U.S. commercial buildings, which consume almost $150 billion in electricity annually.
Source: www.solarwindow.comAuthor: Shangyi
