This investment will allow the company to grow its business and expand its global customer base.
Hayward, California, November 16, 2023–(BUSINESS WIRE)–HALIO, the designer of the world's fastest, most beautiful, environmentally friendly and technologically advanced electrochromic (smart) glass, and a leading company in the ESG material solutions industry based in South Korea SKC Ltd., today announced that HALIO is further marketing and marketing the industry's next-generation smart glass technology, focusing on energy savings, environmental impact and creating beautiful facades while ensuring occupant health and comfort. Announced that it has raised up to $70 million in funding from SKC for development.
SKC Vice President Shin Jeong-hwan said, “This investment is expected to further expand our ESG strategy.'' “We strongly believe that HALIO has cutting-edge smart glass technology that will have a significant impact on global energy savings and the environment,” he emphasized.
In conjunction with the funding announcement, HALIO also announced the appointment of Doug Schent as the company's new CEO, replacing Bruce Thorne, who has served as CEO since 2020. Mr. Thorne will step down after successfully leading the company through this latest milestone.
“I am excited to take on this new role and lead HALIO into its next phase of growth,” said Schent. “Having previously led our company's Asian operations, I am excited to now lead HALIO globally. Bruce's vision and leadership position our company well and we will continue to build strong We look forward to building on this foundation.”
HALIO smart glasses allow architects to design beautiful and elegant facades, supporting building owners in their quest to provide the most comfortable, productive and healthy interior environment for occupants. HALIO's Sky camera, tint algorithm, and control automation, combined with the industry's fastest switching speeds (within seconds), make it the only smart glass solution that truly optimizes daylight control and solar gain management in real time.
HALIO's smart glass technology reduces a building's operational energy usage by up to 22%. This reduces peak demand by 25%. This is essential for balancing an overloaded power grid (Red Car Analytics – HALIO's Energy Efficiency Analysis, November 2019). Regulations are now increasingly demanding more efficient facades as countries target buildings as major energy consumers. Additionally, new incentives such as the US Investment Tax Credit will reward owners who add energy-saving solutions such as HALIO smart glasses.
“This new capital will enable us to accelerate innovation in smart glasses technology, as well as expand our reach in key markets such as Asia, Europe and the Middle East,” Song added. “This is a very exciting time for HALIO. We are proud of what we have accomplished and with Doug as CEO, the company will continue its mission to deliver products to customers around the world. I’m sure you’ll get great help up there.”
About HALIO
HALIO smart glasses are the world's fastest and most advanced electrochromic (smart glasses) technology that maximizes daylight control while optimizing energy savings by reducing solar heat gain and minimizing glare. can do. Equipped with HALIO Windows and skylights are available directly from HALIO and third-party manufacturers such as Viracon and GLASSBEL, offering a variety of glass coatings and configurations. Beautiful buildings need beautiful facades. To learn more about what HALIO can do for your next building project, visit www.halioinc.com.
About SKC
For the past 40 years, SKC has focused on developing materials to create a better world, and today we have established ourselves as a “Materials Solutions Company.” SKC has recently reorganized its business portfolio to focus on secondary batteries, semiconductors, and environmentally friendly materials. We aim to provide new value to our customers with cutting-edge technology, gain the support and trust of both customers and society, and aim to become the world's leading ESG and environmentally friendly material solutions company. SKC will continue to take on challenges and innovate tirelessly. Details: http://www.skc.co.kr/eng/main/index.do
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contact address
Media contact:
carol warren
cwarren@antarra.com
714-890-4500
Corporate contact:
Bob Eminian
beminian@halioinc.com
