Corning Incorporated (NYSE:GLW) enters into an agreement with View Inc to develop “Glass”, ABB Ltd (NYSE:ABB)

Posted by Chris Bell July 3, 2013 0 Comment 1966 views

Corning Incorporated (NYSE:GLW) has entered into a strategic development agreement with View Inc., to supplement the capabilities of both the companies to enhance the ‘Glass’ which is View’s leading market dynamic. Corning has been the leading financial investor in View funding for the Series E which will support the development of the dynamic ‘Glass’ technology for the applications in exterior architecture. Dr. Jeffrey W. Evenson, the Vice President and the Operations Chief in staff of Corning will also serve in View’s Board of Directors.

View has been major company to have innovated technologies used in the architecture. The Dynamic Glass is a major innovation in architectural windows of the company which intelligently regulates the amount of heat and glare that enters a building. Dynamic glass’s technologies help it to automatically adjust the transitions between clear and variable tint as per the environmental conditions and user’s preference. The occupants gain benefits from this type of windows to have an uninterrupted view, abundant natural light and an improved thermal comfort. On the other hand, the architects enjoy an expanded designing freedom. These dynamic glasses if installed in a typical commercial place, the anuual HVAC and lightining energy consumption can be reduced by 20 percent and 25 percent in regards to HVAC peak load.

Since the first scale commercialization of Dynamic Glass, View has been shipping the glasses at an accelerating pace. Martin J. Curran, Executive Vice President and Innovation Officer for Corning excitingly said that they are pleased with the collaboration with View. He also said that the company’s fusion glass process along with View’s dynamic glass technology can help in creating an innovative glass that can help building dynamic windows for exterior architectural applications. He also added saying that the investment made in View shall help in further commercialize their innovative technology as shown in their video named “A day made of Glasses”.

ABB Ltd (NYSE:ABB) provides power and automated technologies for utility and industrial customers across the world. The company provides diversified range of products, systems, solutions and services.

About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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