|[December 05, 2013]
SwissINSO Moving Ahead with UAE Joint Venture
LAUSANNE, Switzerland --(Business Wire)--
Letter from Rafic Hanbali, Chairman and CEO of SwissINSO Holding Inc.:
A few days ago, we filed SwissINSO's third quarter results - as of
September 30, 2013 - with the SEC (News - Alert). This filing shows the considerable
progress the company has made, and may be inspected on our website, www.swissinso.com.
Our efforts to strengthen the company's financial position continued
after that date, and we expect our next filing, at the end of2013, to
show a totally sound situation.
I am also glad to announce a very important development: the creation of
Emirates Insolaire, a joint venture between Glass LLC (wholly-owned by
Dubai Investments, one of the largest companies quoted on the Dubai
stock exchange) and SwissINSO Holding Inc.
The new company will be licensed by SwissINSO S.A. to use SwissINSO's
patented Kromatix technology, developed at the EPFL (Swiss Federal
Polytechnic Institute of Lausanne). With the creation of Emirates
Insolaire, the supply chain is now totally assured from their
state-of-the-art factory in Dubai, and a new important market in the
Middle East is now open to us in addition to the existing ones in
Europe, Brazil, Singapore and other global locations.
SwissInso Holding Inc. is a pioneer in the development and application
of new solar technologies and products targeted at enhancing the
aesthetics and overall efficiency of Building Integrated Photovoltaic
and Thermal solar energy solutions.
Following seven years of applied research worth €10 million
investment and in partnership with the EPFL (Swiss Federal Polytechnic
Institute of Lausanne), SwissINSO has financed and developed a unique
patented nano-deposition technology which it is now using to produce
color-coated solar glass.
[ Back To Technology News's Homepage ]