UPDATE : 2019.2.22 FRI 16:25
상단여백
HOME Industry
SK Corp. invests US$100 mln in U.S. smart-tinting glass maker

SK Corp., the investment holding company of energy and telecom conglomerate SK Group, said on Jan. 30, 2019 that it has decided to invest US$100 million in a U.S.-based smart-tinting glass maker.

In a statement, SK said it would take over 4.66 percent of Kinestral Technologies, Inc., a developer and manufacturer of smart-tinting glass for windows in homes and office buildings, for $7.5 million, and buy $92.5 million worth of its bonds, which are convertible into stocks.

Smart glass can alter its transmission properties when light or heat is applied and can be used in various fields.

The global smart glass market, currently estimated at 8 trillion won per year, is expected to reach 15 trillion won by 2026, according to SK.

Established in 2010, Kinestral Technologies is one of the world's three major smart glass makers. The company's technologies transform glass into responsive, intelligent and attractive elements of a building. Kinestral's flagship product, Halio, has received innovation awards. (Yonhap)

Park Byung-uk  edt@koreapost.com

<저작권자 © 코리아포스트, 무단 전재 및 재배포 금지>

icon인기기사
기사 댓글 0
전체보기
첫번째 댓글을 남겨주세요.
여백
여백
여백
Back to Top