Glaston invests in nanotechnology company

Date: 27 November 2015

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.

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

600450 Glaston invests in nanotechnology company glassonweb.com

Others also read

Glaston Corporation’s Annual Review 2024 has today been published in Finnish and English on the company’s internet pages at www.glaston.net.
The Innovative Glass Protection System from Unelko is Being Used to Clean and Protect the Glass and Ceramic Surfaces on Vacation Properties Throughout the United States
25-year-old ProE furnace gets an A+ again
Robert Jenks has been appointed EVP Service Supply & Development and a member of the Executive Leadership Team of Glaston Corporation.
In the evolving landscape of glass manufacturing, protective coatings have emerged as a transformative innovation.
This alliance expands DFI’s FuseCube™ system into a key European market.

Add new comment

From industry

NEWS RELATED PRODUCTS

Glaston Corporation
Diamon-Fusion International, Inc.
STRON Glass Machinery Co.,LTD.