The minimum annual royalties and other license terms were not disclosed.
SmartGlass International's SPD-Smart products can be manually or automatically "tuned" to precisely control the amount of light, glare and heat passing through glass or plastic. These products foster innovative building design opportunities never before available.
Glass facades using patented SPD light-control technology reduce the need for air conditioning during the summer months and heating during winter. The ability to instantly switch the glass to maximize daylight when it's really needed and to provide controllable solar shading during peak light conditions is unique.
John Browne, Executive Director of SmartGlass International, noted: "The use of intelligent glass provides added value and increased flexibility in new building design, improves working environments and buildings ergonomics, saves energy, and increases the well being of building occupants.
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