04/28/2022 | Press release | Distributed by Public on 04/28/2022 06:11
Alpharetta, GA and Los Alamos, NM, April 28, 2022 (GLOBE NEWSWIRE) -- UbiQD, Inc., a 'deep-tech' advanced materials company spun out of Los Alamos National Laboratory, and Schweitzer-Mauduit International, Inc. (NYSE:SWM), a leading performance materials company with deep domain expertise in polymer engineering, have announced a collaboration to develop a quantum dot (QD) glass interlayer that enables production efficiencies for solar window manufacturing to scale faster and at lower costs.
"SWM has a track record for delivering demanding and value-added solutions, solving our customers' most challenging problems," explained Caio Sedeno, Vice President and General Manager of Films for SWM. "This new relationship extends our technical contributions to the built environment, enabling property owners and developers to push towards net-zero."
According to the US Department of Energy, buildings account for 76% of domestic electricity use.
UbiQD's 'luminescent solar concentrator' technology deploys fluorescent QDs between two sheets of glass, within the interlayer, to provide a modest tint with various color options. The QDs partially absorb sunlight and convert it into near-IR light that is harvested into electricity by solar cells hidden in the window frame.
"Advancements in materials innovation have led to some of the most important solutions for humankind, and renewable energy will be no exception," said Hunter McDaniel, Founder and CEO of UbiQD. "Together with SWM, we are reimagining what windows mean for the built environment and the decarbonization of buildings."
About UbiQD, Inc.
UbiQD (pronounced 'ubiquity') is an advanced materials company powering impactful innovation in agriculture, clean energy, and security. Our quantum dots enable products that harness the power of color and light. Headquartered in Los Alamos, New Mexico, UbiQD is licensing technology developed at leading research institutions, including Los Alamos National Laboratory, M.I.T., University of Washington, and Western Washington University. To learn more, please visit: https://www.ubiqd.com.
SWM is a leading global performance materials company, focused on finding ways to improve everyday life by bringing best-in-class innovation, design, and manufacturing solutions to our customers. Our highly engineered films, adhesive tapes, foams, nets, nonwovens, and papers are designed and manufactured using resins, polymers, and natural fibers for a variety of industries and specialty applications. SWM and its subsidiaries manufacture on four continents, conduct business in over 90 countries and employ approximately 5,000 people worldwide. For further information, please visit SWM's website at www.swmintl.com.
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words like "may," "will," "likely," "should," "expect," "anticipate," "future," "plan," "believe," "intend," "goal," "seek," "estimate," "project," "continue," and similar expressions. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations, and assumptions regarding the future of the business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Actual results and financial conditions may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. The risks and uncertainties which forward-looking statements are subject to include but are not limited to: market changes; raw material shortages; supply chain shortages; inventory shortages, cost management strategies; force majeure events; product failure; product design defects; manufacturing defects; and products liability litigation.
The forward-looking statements included in this press release are made only as of the date of this release, and except as otherwise required by federal securities law, neither UbiQD nor SWM have any obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances.
Media Contacts For UbiQD, Inc.: [email protected] 505.310.6767 For SWM International: Mary Gibson [email protected]