Smart windows at COP 15 climate conference in Copenhagen

Smart windows at COP 15 climate conference in Copenhagen

ChromoGenics, the Swedish developer and manufacturer of smart sun blocking
windows for vehicles and buildings, will demonstrate its technology in
connection with the UN climate change conference COP 15 in Copenhagen in
December. Volvo Technology Transfer is one of the investors behind ChromoGenics.

“To quickly reduce fuel consumption and carbon emissions is an overall extremely
important mission for the entire Volvo Group. Lower fuel cost also increases the
profitability for our costumers”, says Per Wassén, Investment Director at Volvo
Technology Transfer and Chairman of ChromoGenics.

The ChromoGenics “smart windows” technology makes it possible to control the
glass translucency and thereby regulating the inlet of both heat and light. By
changing the color of the window from light to dark, the glass can block heat
end thus reduce the need for air conditioning and energy consumption by up to 50
percent in warm countries. In reverse, it's an advantage to be able to choose to
let in the sun light and heat on cold days. The actual ConverLight product can
be likened to a thin plastic foil containing a layer of so called electrochrome
material. The electrochrome material changes its translucency when a weak
electric voltage is applied. 

As a part of the exhibition Bright Green Expo at the climate change conference
in Copenhagen, windows with the ConverLight technology will be demonstrated in a
model house, along with other ground breaking climate solutions.

“I am thrilled that ChromoGenics are given the chance to demonstrate our leading
technology at the climate conference in Copenhagen, where the world's top
leaders participate, says Thomas Almesjö”, Chief Executive of ChromoGenics.

ChromoGenics is now industrializing its operation for full scale production of
ConverLight. A future large-scale market includes especially buildings, but also
windows for aero planes, buses, boats, construction equipment, cars and other
vehicles.

Volvo Technology Transfer made its investment in ChromoGenics in 2006, and owns
circa 20 percent of the company. According to Per Wassén, climate smart windows
are in line with the Volvo Group's mission to minimize fuel consumption and
carbon emissions. 

“The largest part of the world's oil consumption is spent on cooling, and not
heating, which is a common misconception. A car stuck in traffic on a hot day
can spend over 25 percent of the engine's power for air conditioning”, comments
Per Wassén. “Climate smart windows from ChromoGenics could reduce the need for
air conditioning and thus the fuel consumption and carbon emissions. Also,
windows from ChromoGenics are definitely interesting as we move on to electric
hybrid vehicles, as we really need to reduce the big spenders of electricity,
such as for instance air conditioning”, he says. 

Read more about ChromoGenics at www.chromogenics.com

ChromoGenics AB was founded in 2003 as a spin-off of the Ångström Laboratory of
Uppsala University in Sweden, led by professor Claes-Göran Granqvist. The main
investors include the founders, Volvo Technology Transfer AB, DuPont Ventures,
Stiftelsen Industrifonden and BankInvest New Energy Solutions.

Volvo Technology Transfer AB is a subsidiary of the Volvo Group. Volvo
Technology Transfer develops and supports new business that is relevant to the
Volvo Group.  This comprises investing in companies and projects that are of
strategic, technical and commercial interest. 
December 4, 2009

Journalists who would like further information, please contact
Per Wassén, Investment Director Volvo Technology Transfer and Chairman of
ChromoGenics AB, tel +46 (0) 708 960 055
Thomas Almesjö, Chief Executive ChromoGenics AB, tel +46 (0)706 29 07 82 

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