ChromoGenics has signed a letter of intent with Hero-Group GmbH regarding manufacturing, marketing and distribution of the dynamic glass ConverLight® Dynamic. Hero-Group is a highly respected quality supplier of advanced glass solutions and modern manufacturing processes.
Located in the North-West of Germany, Hero-Group is an innovative and technologically advanced manufacturer and supplier of glass solutions for customers in the construction and marine industries. The intention is for Hero-Group to customise, apply and laminate ChromoGenics’ electrochromic film and control systems into finished products. Hero-Group ensures the quality in all phases of its glass manufacturing.
“The letter of intent is fully in line with our strategy to partner with leading companies in the glass industry, allowing us to focus more on our core competence, i.e., the production and development of electrochromic film. The cooperation with Hero-Group is a win-win for both parties as well as for the construction industry, which through Hero-Group gains easier access to ConverLight® Dynamic allowing them to reduce climate impact and improve the indoor environment in buildings,” says Fredrik Fränding, CEO of ChromoGenics.
Fredrik Fränding, CEO
Erik Elfström, CFO & Head of Investor Relations
Tel: +46 (0) 18 430 0430
This statement has been made in a Swedish and English version. In the event of any discrepancies between the Swedish and English text, the Swedish text shall prevail.
ChromoGenics is a proptech company producing smart dynamic glass that improves indoor environments and well-being and lowers buildings’ energy use, 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 use, 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 Erik Penser Bank is the Certified Adviser.
More about Hero-Group: Die Hero-Group | Hero-Glas® – Hero-Fire® – Yachtglass®