PPG (NYSE:PPG) and Vision Systems have reached a commercial
agreement to work together on developing new applications utilizing
Vision Systems’ electronically dimmable window shading solutions
for aircraft. The agreement provides a framework for PPG and Vision
Systems to pursue opportunities in commercial, regional, military
and general aviation applications that capitalize on each company’s
expertise.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170519005124/en/
PPG (NYSE:PPG) and Vision Systems have
reached a commercial agreement to work together on developing new
applications utilizing Vision Systems’ electronically dimmable
window shading product for aircraft. At a display of the product
are Nicolas Laurent, left, Vision Systems Aeronautics sales
director, and Brent Wright, PPG global business director for
aerospace transparencies. (Photo: Business Wire)
Both companies already have considerable experience supplying
electronically dimmable window shading systems. PPG has supplied
electrochromic window shading systems for commercial aircraft and
ground vehicles since 2007. Vision Systems, based near Lyon,
France, is an established supplier of aircraft shading systems and
associated electronics.
According to Brent Wright, PPG global business director for
aerospace transparencies, PPG’s ability to provide its customers
with innovative solutions for managing window light and heat
transmission is enhanced with Vision Systems’ product.
“PPG is excited to work with Vision Systems to create new
applications for a product that provides unique performance
characteristics,” Wright said. “As a pioneer in the electrochromic
window segment, PPG recognized the added value offered by Vision
Systems to the standard dimmable film technology, especially with
the interface that makes its system work.”
Vision Systems’ dimmable window solutions offer instant response
time for changing light transmittance and have no size limitations
relative to aircraft transparency applications. The dimmable
windows can be controlled individually by a seatside wired or
wireless interface or cabinwide through the aircraft cabin window
management system.
“As a result, we can develop applications for larger
transparencies with flat or curved shapes as well as retrofit
installations including with add-on panels,” Wright said.
“We are very pleased about this agreement with PPG,
internationally renowned for ALTEOS® interactive window systems and
OPTICOR™ advanced transparency material, which, when combined with
the NUANCE™ V2 product by Vision Systems, will offer aircraft
manufacturers and operators exciting new shading options,” said
Catherine Robin, Vision Systems group managing director. “This
agreement is fully in line with our commitment to continuous
innovation and customer satisfaction. Furthermore, this
constructive collaboration will allow Vision Systems to strengthen
its presence throughout the world.”
Vision Systems developed its latest-generation Nuance V2
dimmable window through its Smart Lite division devoted to the
design, production and sales of new electronically dimmable
solutions. It is based on suspended particle device film technology
licensed from Research Frontiers and an innovative Vision Systems
interlayer that offers unprecedented optical quality with 2.5
percent haze, 100 percent clarity and 99.6 percent blockage of
visible light with the ultra-dark version of the Nuance
product.
Note to editors: This video about Vision Systems’ electronically
dimmable windows may be included in news coverage
https://www.youtube.com/watch?v=Mljo9bG9eyI.
PPG’s global aerospace business offers coatings, sealants,
transparencies, packaging and application systems, and transparent
armor, as well as chemical management and other services. For more
information, visit www.ppgaerospace.com.
About Vision Systems
Headquartered near Lyon, France, with a production and sales
unit in Florida, USA, and a trade office in Singapore and Dubai,
Vision Systems is a tier-one system supplier in the aeronautic,
land transport and marine industries, designing and producing
bespoke solutions for specific market segments in complex
environments. The company’s genuine expertise in solar protection
places it today as the world leader in this area, and the
development of customized entertainment and connectivity solutions
allows it to rank as a competitive challenger in embedded systems.
Vision Systems combines complementary skills in electronics,
mechanics and composite to provide ever more innovative solutions
for cost reduction, heightened safety and improved comfort. For
further information: www.visionsystems.fr.
PPG: WE PROTECT AND BEAUTIFY THE WORLD™
At PPG (NYSE:PPG), we work every day to develop and deliver the
paints, coatings and materials that our customers have trusted for
more than 130 years. Through dedication and creativity, we solve
our customers’ biggest challenges, collaborating closely to find
the right path forward. With headquarters in Pittsburgh, we operate
and innovate in more than 70 countries and reported net sales of
$14.8 billion in 2016. We serve customers in construction, consumer
products, industrial and transportation markets and aftermarkets.
To learn more, visit www.ppg.com.
Forward-Looking Statements
Statements in this news release relating to matters that are not
historical facts are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995 reflecting
the companies’ current view with respect to future events or
objectives and financial or operational performance or results. The
forward-looking statements contained herein include statements
relating to Vision Systems’ electronically dimmable window shading
product (the “Product”) and the agreement to develop new
applications utilizing the Product. Actual events may differ
materially from current expectations and are subject to a number of
risks and uncertainties, including the parties’ ability to develop
applications utilizing the Product, the performance and commercial
acceptance of applications utilizing the Product and the timing and
amount of future sales of applications utilizing the Product, and
the other risks and uncertainties discussed in PPG Industries’
periodic reports on Form 10-K and Form 10-Q and its current reports
on Form 8-K filed with the Securities and Exchange Commission.
Forward-looking statements speak only as of the date of their
initial issuance, and PPG Industries does not undertake any
obligation to update or revise publicly any forward-looking
statement, whether as a result of new information, future events or
otherwise.
We protect and beautify the world and Opticor are trademarks and
Alteos and the PPG Logo are registered trademarks of PPG Industries
Ohio, Inc.Nuance is a trademark of Vision Systems Aeronautics
SAS.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170519005124/en/
PPGAudrey Fujimoto,
+1-818-741-1685audrey.fujimoto@ppg.comwww.ppgaerospace.comorVision
SystemsAlexandra Martin-Devaud, +33 4 72 31 98
10amartindevaud@vision-systems.frwww.visionsystems.frorJV
CommunicationsJean Verlich,
+1-724-916-4558jverlich@jvcommunications.com
PPG Industries (NYSE:PPG)
Historical Stock Chart
From Aug 2024 to Sep 2024
PPG Industries (NYSE:PPG)
Historical Stock Chart
From Sep 2023 to Sep 2024