Glaston will acquire 12 per cent of the company’s shares and serve as the preferred equipment partner.In addition, Glaston has agreed on the delivery of engineering resources and equipment to the company in the value of over EUR 2 million. The engineering resources and equipment will be delivered during 2016.
The first smart glass production lines related to this new nanotechnology solution are expected to be ready for commercial use in around 2020 at the latest. Glaston will be the exclusive supplier of thin glass heat treatment furnaces with respect to these production lines.
Glaston Corporation
Glaston is a leading company in glass processing technologies. We provide high-quality heat treatment machines and services for architectural, solar, appliance and automotive applications. We are committed to our customers’ success over the entire lifecycle of our offering. Moreover, we continuously innovate and develop technologies to enable the glass processing industry to reach ever higher standards in quality and safety. Glaston's shares (GLA1V) are listed on the NASDAQ OMX Helsinki Ltd. in Finland. For more information, please visit: www.glaston.net
Glaston invests in nanotechnology company
As a leading company in glass processing technologies, Glaston Corporation is taking a new step with an investment in a California-based nanotechnology company that develops new glass technology solutions.