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Saint-Gobain buys the rest of Sage


May 15, 2012
By Sage Electrochromics

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May 15, 2012 – Saint-Gobain has agreed to purchase all outstanding shares of Sage Electrochromics and will own 100 per cent of the company upon completion of the transaction. This deal is intended to help Sage expand into international markets, develop
new products and complete construction of the company’s new,
state-of-the-art manufacturing facility in Faribault, Minn.

PARIS, May 9, 2012 /PRNewswire/ —

Saint-Gobain has agreed to purchase all outstanding shares of SAGE Electrochromics, Inc. and will own 100% of the company upon completion of the transaction.

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This deal will help SAGE
expand into international markets, develop new products and complete
construction of the company's new, state-of-the-art manufacturing
facility in Faribault, MN. The new facility, scheduled to start
production in January 2013, will be the most advanced electrochromic
glass facility in the world and is expected to produce 3.2 million sq.
ft. of electrochromic glass annually, supporting the creation of 160
green technology jobs.

While SAGE will be a wholly
owned subsidiary of Saint-Gobain, the SAGE portfolio will continue to go
to market under the SageGlass® brand, leveraging Saint-Gobain's
extensive footprint from a global operations center in Faribault, MN.

"Through this action,
Saint-Gobain underscores its goal to be the reference in sustainable
habitat by developing innovative solutions capable of revolutionizing
the habitat market," said Pierre-André de Chalendar, Chairman and CEO of
Saint-Gobain. "The result of many years of research, SAGE's products
and technologies complement our portfolio of materials.  They open up
new possibilities in architecture and design by offering creative,
value-added glass solutions for the commercial and residential market in
order to create buildings that are comfortable, beautiful, energy
efficient and environmentally friendly."

Electrochromic glass changes
from a clear state to a tinted state. It can be integrated with a
building management system or activated at the push of a button to
control the sunlight and heat that enters and leaves a building. It
significantly reduces energy consumed for air conditioning, heating and
lighting, while enhancing occupant comfort and well-being by providing
daylight and eliminating glare. This creates a far more appealing design
aesthetic standard for the architectural industry compared to the
current prevalent use of mechanical window shades and blinds and other
building add-ons.

"We are delighted SAGE is
joining Saint-Gobain's portfolio of innovative glass and building
materials," said John Van Dine, SAGE CEO and founder. "They have been an
outstanding partner the past two years, contributing technical and
manufacturing expertise, financial support and strategic guidance to the
SAGE team, as well as offering access to the company's research
centers. The combined patent portfolio of Saint-Gobain and SAGE is quite
substantial. We also want to thank the full range of our investors, who
have made significant monetary and advisory contributions to SAGE over
the years, all of whom helped bring the SAGE vision to fruition since
its founding in 1989."

About Saint-Gobain

Located in 64 countries and
headquartered in Paris with nearly 195,000 employees, Saint-Gobain, the
world leader in the habitat and construction markets, designs,
manufactures and distributes building materials, providing innovative
solutions to meet growing demand for energy efficiency and for
environmental protection.
 For more information about Saint-Gobain, please visit http://www.saint-gobain.com.

Source: PR Newswire (http://s.tt/1bgOn)

PARIS, May 9, 2012 /PRNewswire/ —

Saint-Gobain has agreed to purchase all outstanding shares of SAGE Electrochromics, Inc. and will own 100% of the company upon completion of the transaction.

This
deal will help SAGE expand into international markets, develop new
products and complete construction of the company's new,
state-of-the-art manufacturing facility in Faribault, MN. The new facility, scheduled to start production in January 2013,
will be the most advanced electrochromic glass facility in the world
and is expected to produce 3.2 million sq. ft. of electrochromic glass
annually, supporting the creation of 160 green technology jobs.

While
SAGE will be a wholly owned subsidiary of Saint-Gobain, the SAGE
portfolio will continue to go to market under the SageGlass® brand,
leveraging Saint-Gobain's extensive footprint from a global operations
center in Faribault, MN.

"Through
this action, Saint-Gobain underscores its goal to be the reference in
sustainable habitat by developing innovative solutions capable of
revolutionizing the habitat market," said Pierre-André de Chalendar,
Chairman and CEO of Saint-Gobain. "The result of many years of research,
SAGE's products and technologies complement our portfolio of materials.
 They open up new possibilities in architecture and design by offering
creative, value-added glass solutions for the commercial and residential
market in order to create buildings that are comfortable, beautiful,
energy efficient and environmentally friendly."

Electrochromic
glass changes from a clear state to a tinted state. It can be
integrated with a building management system or activated at the push of
a button to control the sunlight and heat that enters and leaves a
building. It significantly reduces energy consumed for air conditioning,
heating and lighting, while enhancing occupant comfort and well-being
by providing daylight and eliminating glare. This creates a far more
appealing design aesthetic standard for the architectural industry
compared to the current prevalent use of mechanical window shades and
blinds and other building add-ons.

"We are delighted SAGE is joining Saint-Gobain's portfolio of innovative glass and building materials," said John Van Dine, SAGE CEO
and founder. "They have been an outstanding partner the past two years,
contributing technical and manufacturing expertise, financial support
and strategic guidance to the SAGE team, as well as offering access to
the company's research centers. The combined patent portfolio of
Saint-Gobain and SAGE is quite substantial. We also want to thank the
full range of our investors, who have made significant monetary and
advisory contributions to SAGE over the years, all of whom helped bring
the SAGE vision to fruition since its founding in 1989."

Source: PR Newswire (http://s.tt/1bgOn)

PARIS, May 9, 2012 /PRNewswire/ —

Saint-Gobain has agreed to purchase all outstanding shares of SAGE Electrochromics, Inc. and will own 100% of the company upon completion of the transaction.

This
deal will help SAGE expand into international markets, develop new
products and complete construction of the company's new,
state-of-the-art manufacturing facility in Faribault, MN. The new facility, scheduled to start production in January 2013,
will be the most advanced electrochromic glass facility in the world
and is expected to produce 3.2 million sq. ft. of electrochromic glass
annually, supporting the creation of 160 green technology jobs.

While
SAGE will be a wholly owned subsidiary of Saint-Gobain, the SAGE
portfolio will continue to go to market under the SageGlass® brand,
leveraging Saint-Gobain's extensive footprint from a global operations
center in Faribault, MN.

"Through
this action, Saint-Gobain underscores its goal to be the reference in
sustainable habitat by developing innovative solutions capable of
revolutionizing the habitat market," said Pierre-André de Chalendar,
Chairman and CEO of Saint-Gobain. "The result of many years of research,
SAGE's products and technologies complement our portfolio of materials.
 They open up new possibilities in architecture and design by offering
creative, value-added glass solutions for the commercial and residential
market in order to create buildings that are comfortable, beautiful,
energy efficient and environmentally friendly."

Electrochromic
glass changes from a clear state to a tinted state. It can be
integrated with a building management system or activated at the push of
a button to control the sunlight and heat that enters and leaves a
building. It significantly reduces energy consumed for air conditioning,
heating and lighting, while enhancing occupant comfort and well-being
by providing daylight and eliminating glare. This creates a far more
appealing design aesthetic standard for the architectural industry
compared to the current prevalent use of mechanical window shades and
blinds and other building add-ons.

"We are delighted SAGE is joining Saint-Gobain's portfolio of innovative glass and building materials," said John Van Dine, SAGE CEO
and founder. "They have been an outstanding partner the past two years,
contributing technical and manufacturing expertise, financial support
and strategic guidance to the SAGE team, as well as offering access to
the company's research centers. The combined patent portfolio of
Saint-Gobain and SAGE is quite substantial. We also want to thank the
full range of our investors, who have made significant monetary and
advisory contributions to SAGE over the years, all of whom helped bring
the SAGE vision to fruition since its founding in 1989."

Source: PR Newswire (http://s.tt/1bgOn)

PARIS, May 9, 2012 /PRNewswire/ —

Saint-Gobain has agreed to purchase all outstanding shares of SAGE Electrochromics, Inc. and will own 100% of the company upon completion of the transaction.

This
deal will help SAGE expand into international markets, develop new
products and complete construction of the company's new,
state-of-the-art manufacturing facility in Faribault, MN. The new facility, scheduled to start production in January 2013,
will be the most advanced electrochromic glass facility in the world
and is expected to produce 3.2 million sq. ft. of electrochromic glass
annually, supporting the creation of 160 green technology jobs.

While
SAGE will be a wholly owned subsidiary of Saint-Gobain, the SAGE
portfolio will continue to go to market under the SageGlass® brand,
leveraging Saint-Gobain's extensive footprint from a global operations
center in Faribault, MN.

"Through
this action, Saint-Gobain underscores its goal to be the reference in
sustainable habitat by developing innovative solutions capable of
revolutionizing the habitat market," said Pierre-André de Chalendar,
Chairman and CEO of Saint-Gobain. "The result of many years of research,
SAGE's products and technologies complement our portfolio of materials.
 They open up new possibilities in architecture and design by offering
creative, value-added glass solutions for the commercial and residential
market in order to create buildings that are comfortable, beautiful,
energy efficient and environmentally friendly."

Electrochromic
glass changes from a clear state to a tinted state. It can be
integrated with a building management system or activated at the push of
a button to control the sunlight and heat that enters and leaves a
building. It significantly reduces energy consumed for air conditioning,
heating and lighting, while enhancing occupant comfort and well-being
by providing daylight and eliminating glare. This creates a far more
appealing design aesthetic standard for the architectural industry
compared to the current prevalent use of mechanical window shades and
blinds and other building add-ons.

"We are delighted SAGE is joining Saint-Gobain's portfolio of innovative glass and building materials," said John Van Dine, SAGE CEO
and founder. "They have been an outstanding partner the past two years,
contributing technical and manufacturing expertise, financial support
and strategic guidance to the SAGE team, as well as offering access to
the company's research centers. The combined patent portfolio of
Saint-Gobain and SAGE is quite substantial. We also want to thank the
full range of our investors, who have made significant monetary and
advisory contributions to SAGE over the years, all of whom helped bring
the SAGE vision to fruition since its founding in 1989."

Source: PR Newswire (http://s.tt/1bgOn)

The new
facility, scheduled to start production in January 2013, will be an advanced electrochromic glass facility and is expected
to produce 3.2 million square feet of electrochromic glass annually,
supporting the creation of 160 green technology jobs.

While Sage will be a wholly owned subsidiary of Saint-Gobain, the
Sage portfolio will continue to go to market under the SageGlass brand,
leveraging Saint-Gobain’s extensive footprint from a global operations
centre in Faribault.

“Through this action, Saint-Gobain underscores its goal to be the
reference in sustainable habitat by developing innovative solutions
capable of revolutionizing the habitat market,” said Pierre-Andre de
Chalendar, chairman and CEO of Saint-Gobain. “The result of many years
of research, Sage’s products and technologies complement our portfolio
of materials. They open up new possibilities in architecture and design
by offering creative, value-added glass solutions for the commercial and
residential market in order to create buildings that are comfortable,
beautiful, energy efficient and environmentally friendly.”

Electrochromic glass changes from a clear state to a tinted state. It
can be integrated with a building management system or activated at the
push of a button to control the sunlight and heat that enters and
leaves a building. It significantly reduces energy consumed for air
conditioning, heating and lighting, while enhancing occupant comfort and
well-being by providing daylight and eliminating glare. This can create a more appealing design aesthetic standard for the architectural
industry compared to the current prevalent use of mechanical window
shades and blinds and other building add-ons.

“We are delighted to be joining Saint-Gobain’s portfolio of
innovative glass and building materials,” said John Van Dine, Sage CEO and
founder. “They have been an outstanding partner the past two years,
contributing technical and manufacturing expertise, financial support
and strategic guidance to our team, as well as offering access to
the company’s research centers. The combined patent portfolio of
Saint-Gobain and Sage is quite substantial. We also want to thank the
full range of our investors, who have made significant monetary and
advisory contributions over the years, all of whom helped bring our vision to fruition since its founding in 1989.”

Related links

Saint-Gobain

Sage Electrochromics


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