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. Glaston has also 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.