Saint-Gobain to Invest $80 Million in SAGE Electrochromics
Under terms of the agreement, Saint-Gobain will contribute its electrochromic glass intellectual property (IP) to SAGE, and all manufacturing and R&D efforts will be merged. SAGE will manufacture the next-generation dynamic glass for both companies’ product lines at its facilities in Faribault, Minn. The funding will enable construction of the world’s largest and most advanced electrochromic glass manufacturing facility, to be located in Faribault, Minn. The project, which began in November 2010, will cost around $135 million, excluding working capital. The new plant will manufacture much larger sheets of glass that have been previously unavailable in the market, opening up 95% of all global building opportunities. The glass will be produced in high volumes and at an affordable price point.
“This partnership marks the beginning of a new revolution in the glass industry for the habitat,” said Jean-Pierre Floris, senior vice president, director, Innovative Materials Sector, Saint-Gobain. “Thanks to the partnership between Saint-Gobain and SAGE, we now offer advanced electrochromic glazing that is both environmentally friendly and competitively priced. SAGE and Saint-Gobain, two companies that are responsible for some of the most prestigious buildings in the world, will now provide the most efficient electrochromic glazing on a global scale through the SAGE and QUANTUM GLASS certified distribution networks.”
For additional details, visit www.saint-gobain.com or www.sage-ec.com.