Halio Hails $70 Million Investment

<p><strong>HAYWARD<&sol;strong> &&num;8212&semi; HALIO&comma; designer of eco-friendly&comma; and technologically advanced electrochromic &lpar;smart&rpar; glass&comma; has raised up to &dollar;70 million in funding from SKC of Korea to develop the industry’s next generation of smart glass technology&comma; focusing on energy savings&comma; environmental impact&comma; and creating beautiful facades&comma; while enabling occupant wellness and comfort&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;This investment is expected to further expand our ESG strategy&comma;” said SKC’s Vice President Junghwan Shin&period; &OpenCurlyDoubleQuote;We strongly believe that HALIO has the most advanced smart glass technology that will significantly impact global energy savings and our environment&comma;” emphasized Shin&period;<&sol;p>&NewLine;<p>In conjunction with the funding announcement&comma; HALIO also announced the appointment of Doug Schendt as the company&&num;8217&semi;s new CEO&comma; replacing Bruce Sohn&comma; who has served as CEO since 2020&period; Sohn is retiring after successfully leading the company through this latest milestone&period;<&sol;p>&NewLine;<p>&&num;8220&semi;I&&num;8217&semi;m thrilled to take on this new role and lead HALIO into its next phase of growth&comma;&&num;8221&semi; said Schendt&period; &&num;8220&semi;Having previously led our Asia operations&comma; I&&num;8217&semi;m excited to now head HALIO globally&period; Bruce&&num;8217&semi;s vision and leadership have positioned us well&comma; and I look forward to building on that strong foundation&period;&&num;8221&semi;<&sol;p>&NewLine;<p>HALIO Smart Glass enables architects to design beautiful and elegant facades&comma; supporting building owners’ pursuit of providing occupants with the most comfortable&comma; productive&comma; and healthy interior environments&period; HALIO’s <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Fhalioinc&period;com&percnt;2Fsolution&percnt;2Fsky-camera&percnt;2F&amp&semi;esheet&equals;53844919&amp&semi;newsitemid&equals;20231116891065&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;Sky&plus;Camera&amp&semi;index&equals;3&amp&semi;md5&equals;c4c3e7a85212d2fd28dfb0767f5acca8" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">Sky Camera<&sol;a>&comma; tint algorithms&comma; and control automation&comma; coupled with the industry’s fastest switching speed &lpar;within seconds&rpar;&comma; make HALIO the only smart glass solution that truly optimizes daylight control and solar heat gain management in real-time&period;<&sol;p>&NewLine;<p>HALIO&&num;8217&semi;s smart glass technology reduces a building&&num;8217&semi;s operational energy use by up to 22&percnt;&period; It decreases peak demand by 25&percnt;&comma; which is vital in balancing overstressed power grids &lpar;Red Car Analytics &&num;8211&semi; Energy Efficiency Analysis of HALIO&comma; Nov 2019&rpar;&period; With countries now targeting buildings as major energy users&comma; regulations increasingly require more efficient facades&period; Additionally&comma; new incentives like the U&period;S&period; Investment Tax Credit reward owners for adding energy-saving solutions like HALIO Smart Glass&period;<&sol;p>&NewLine;<p>&&num;8220&semi;This new capital enables us to accelerate innovation in our smart glass technology as well as expand our reach in key markets like Asia&comma; Europe&comma; and the Middle East&comma;&&num;8221&semi; added Sohn&period; &&num;8220&semi;This is an incredibly exciting time for HALIO&period; I&&num;8217&semi;m proud of what we&&num;8217&semi;ve accomplished and am confident that with Doug as CEO&comma; the company is in great hands to continue our mission and bring our products to customers globally&period;&&num;8221&semi;<&sol;p>&NewLine;