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ChromoGenics enters cooperation with Future Glass, UAE
ChromoGenics and Future Architectural Glass LLC (Future Glass) of UAE have signed a letter of intent regarding manufacturing, marketing and distribution of the dynamic glass ConverLight® Dynamic. Future Glass is a highly respected supplier & integrator of advanced architectural glass & glazing solutions in the Middle East with a proven track record of 500+ projects across 35+ countries world-wide.
Since 1976, the group has been serving the needs of the architectural glass & glazing market by providing the latest technologies & solutions suiting the dynamic needs of developers, architects, consultants & contractors. The company has positioned itself as a premium glass fabricator based in the Middle East having the entire gamut of European machinery and systems to process any type of architectural glass. Services include safety glass manufacturing, curved and laminated glass as well as other specialty glass solutions. Future Glass will in due course laminate ConverLight ® Dynamic foil into finished glass solutions.
Future Glass has extensive experience of sales and marketing of specialized glass solutions and strong market knowledge, with sales to over 35 countries including the USA, UK and Europe.
‘We look forward to developing this innovative product together with ChromoGenics. We see a substantial opportunity in the market. The opportunity to manufacture dynamic glass in our own factory, using ChromoGenics technology, is very attractive to us’ said Firoz Kachwala, Executive Director, Future Architectural Glass.
‘We are very pleased to start our cooperation with Future Glass. We are impressed with their technical competence, scale, and quality of manufacturing as well as their deep experience of selling advanced glass solutions including dynamic glass. The Middle East is a very interesting market for us, where Future Glass is a sizeable and well-respected company. We look forward to developing this and other markets together with their competent team’ says Fredrik Fränding, CEO of ChromoGenics.
ChromoGenics is a proptech company producing smart dynamic glass that improves indoor environments and well-being and lowers buildings’ energy consumption, operating expenses and impact on the climate. The company’s product ConverLight® Dynamic is based on a unique patented technology from the Ångström Laboratory in Uppsala, where electrochromic coatings are sputtered onto plastic film. The result is a dynamic film that can be laminated between glass layers, which provides buildings with good solar protection and lowered environmental impact from production, transport and use. The dynamic film is easy to transport and can be applied by local partners in the glass industry, which means it is possible to avoid long-distance shipping of bulky glass. All of ChromoGenics’ products strive to follow the key words environment and health. This means a focus on environmentally friendly material, lower energy consumption, increased access to daylight and views and improved indoor comfort.
The company’s production facilities in Uppsala have been financed in part by a conditional loan from the Swedish Energy Agency. ChromoGenics’ share (CHRO) is listed on Nasdaq First North Growth Market, and Vator Securities is the Certified Adviser.