PRESS RELEASE

Triton Announces $3.2M Award with the Department of Energy to Develop a New Generation of Single Pane Window Systems

June 13, 2016, Chelmsford, MA: Triton Systems Inc., (Triton) announced today that it was the recipient of a three year, $3.2 million program by the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E)  based on Triton’s proprietary new single pane window system.

Triton received this award from ARPA-E’s Single-pane Highly Insulating Efficient Lucid Designs (SHIELD) program, which seeks to improve building efficiency by developing innovative materials that are both transparent and insulating to retrofit existing single-pane windows in commercial and residential buildings. Many buildings with single-pane windows cannot support the weight, size, or appearance of more energy efficient double-pane window units. However, retrofitting single-pane windows can reduce heat-loss and save roughly the amount of electricity needed to power 32 million U.S. homes each year.
Triton’s Multifunctional Glazing System (MGS) consists of a low emissivity nanocomposite film that transmits light better and costs less than commercially available window films. The coating also includes a novel nanoparticle based inner layer to provide the required thermal insulation.  

“This initiative supports the company’s ongoing strategic direction that has seen the launch of multiple technology platforms into commercial endeavors recently, resulting in an impressive growth trajectory for the firm,” said Ross Haghighat, Chairman and CEO of Triton Systems. “It comes at an exciting time for the company as we look to mature transformational technologies such as this that have potential in existing energy, building and construction markets.”

Dr. Ken Mahmud, the company’s Executive Vice President added, “We are very thrilled to see our innovative window design being embraced by the Department of Energy under this highly competitive bid. It represents our commitment to develop energy technologies for the marketplace as well as support ARPA-E's mission to improve energy efficiency across the board and maintain US scientific leadership in the energy sector.”

About the DoE ARPA-E SHIELD Program
The SHIELD Program, short for “Single-Pane Highly Insulating Efficient Lucid Designs,” aims to develop innovative materials that will improve the energy efficiency of existing single-pane windows in commercial and residential buildings. Technologies created through the SHIELD program seek to cut in half the amount of heat lost through single-pane windows in cold weather. These materials would improve insulation, reduce cold weather condensation, and enhance occupant comfort. The technologies could also produce secondary benefits, such as improved soundproofing, that will make retrofits more desirable to building occupants and owners.

About Triton Systems, Inc. (www.tritonsystems.com)
Triton Systems, (Triton) was founded as a technology and business incubator in 1992.  Headquartered in Chelmsford, MA, Triton has grown to a global footprint by taking breakthrough ideas in a broad range of disciplines and creating a series of commercial products and independent spin-offs - represented by over $2B in shareholder value across its portfolio of companies.  By partnering in-house technical, business and financial expertise with targeted external resources, we deliver creative solutions to the marketplace through licensed products, joint ventures and independent entities.  Our product and company spinoffs include: FRX Polymers, Inc. (www.frxpolymers.com), Aduro Biotech (www.aduro.com), FRA Composites (www.fracomp.com), Invexus (www.invexus.com), Si2 Technologies (www.si2technologies.com), VOmax (www.vomax.com) and the Egret™ Bednet Tent (www.invexus.com/egret/).

CONTACT: Diane Wilson, Triton Systems, Inc., 200 Turnpike Road, Chelmsford, MA 01824 Tel: 978.250.4200 x138 . Fax: 978.250.4533 Email Address: dwilson@tritonsys.com . Web site address: www.tritonsys.com