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SAGE Electrochromics to become wholly owned subsidiary of Saint-Gobain

May. 9, 2012

Saint-Gobain has agreed to purchase all outstanding shares of SAGE Electrochromics, Inc. and will own 100% of the company upon completion of the transaction.

This deal will help SAGE expand into international markets, develop new products and complete construction of the company’s new, state-of-the-art manufacturing facility inFaribault,Minnesota. The new facility, scheduled to start production in January 2013, will be the most advanced electrochromic glass facility in the world and is expected to produce 3.2 million sq. ft. of electrochromic glass annually, supporting the creation of 160 green technology jobs.

While SAGE will be a wholly owned subsidiary of Saint-Gobain, the SAGE portfolio will continue to go to market under the SageGlass® brand, leveraging Saint-Gobain’s extensive footprint from a global operations center inFaribault.

“Through this action, Saint-Gobain underscores its goal to be the reference in sustainable habitat by developing innovative solutions capable of revolutionizing the habitat market,” said Pierre-André de Chalendar, Chairman and CEO of Saint-Gobain. “The result of many years of research, SAGE’s products and technologies complement our portfolio of materials. They open up new possibilities in architecture and design by offering creative, value-added glass solutions for the commercial and residential market in order to create buildings that are comfortable, beautiful, energy efficient and environmentally friendly.”

Electrochromic glass changes from a clear state to a tinted state. It can be integrated with a building management system or activated at the push of a button to control the sunlight and heat that enters and leaves a building. It significantly reduces energy consumed for air conditioning, heating and lighting, while enhancing occupant comfort and well-being by providing daylight and eliminating glare. This creates a far more appealing design aesthetic standard for the architectural industry compared to the current prevalent use of mechanical window shades and blinds and other building add-ons.

“We are delighted SAGE is joining Saint-Gobain’s portfolio of innovative glass and building materials,” saidJohnVan Dine, SAGE CEO and founder. “They have been an outstanding partner the past two years, contributing technical and manufacturing expertise, financial support and strategic guidance to the SAGE team, as well as offering access to the company’s research centers. The combined patent portfolio of Saint-Gobain and SAGE is quite substantial. We also want to thank the full range of our investors, who have made significant monetary and advisory contributions to SAGE over the years, all of whom helped bring the SAGE vision to fruition since its founding in 1989.”

 

About SageGlass

SageGlass®, a product of Saint-Gobain, is advanced dynamic glass that can be electronically tinted or cleared to optimize daylight and improve the human experience in buildings. SageGlass manages the sunlight and heat that enter a building, significantly reducing energy consumption while improving people’s comfort and well-being. It can reduce a building’s cooling load by 20% and HVAC requirements up to 30%. It is a smarter, more elegant solution than conventional sun controls such as mechanical window shades, blinds and louvers. With SageGlass you can control sunlight and glare without shades or blinds while maintaining the view and connection to the outdoors. SageGlass is manufactured in Faribault, Minn., in the heart of “the Silicon Valley of the window industry,” and is a wholly owned subsidiary of Saint-Gobain of Paris, the world’s largest building materials company.

For more information visit:

Website: www.sageglass.com

Twitter: twitter.com/Sage_Glass

Facebook: Facebook.com/SageGlass

LinkedIn: linkedin.com/company/sage-electrochromics-inc.

YouTube: Youtube.com/SAGEElectrochromics

About Saint-Gobain in North America

Saint-Gobain has its North American headquarters in Valley Forge, Pennsylvania. As the world leader in sustainable habitat, Saint-Gobain is committed to inventing solutions to help professionals and communities around the world build and renovate comfortable, healthy, economical and energy-efficient buildings. The company has more than 250 locations in North America and approximately 15,000 employees. In the United States and Canada, Saint-Gobain reported sales of approximately $6.2 billion in 2014.

Recognized as a 2009 and 2010 ENERGY STAR Partner of the Year by the U.S. Environmental Protection Agency, Saint-Gobain earned the 2011, 2012, 2013, 2014 and 2015 ENERGY STAR Sustained Excellence Award, the highest level of recognition for outstanding contributions to protecting the environment through energy efficiency. For more information about Saint-Gobain in North America, visit www.saint-gobain-northamerica.com and connect with the company on Facebook and Twitter.       

About Saint-Gobain

In 2015, Saint-Gobain is celebrating its 350th anniversary, 350 reasons to believe in the future. Backed by its experience and its capacity to continuously innovate, Saint-Gobain, the world leader in the habitat and construction market, designs, manufactures and distributes high-performance and building materials providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2014 sales of $54.6 billion, Saint-Gobain operates in 64 countries and has over 180,000 employees. For more information about Saint-Gobain, visit https://www.saint-gobain.com/en and the twitter account @saintgobain

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