Welcome to our dedicated page for Saxon Capital news (Ticker: SCGX), a resource for investors and traders seeking the latest updates and insights on Saxon Capital stock.
Saxon Capital Group, Inc. owns worldwide exclusive rights to produce and sell Energy Glass Solar architectural glass products, a patented clear solar glass technology that generates electricity from solar, diffused and ambient light. News about SCGX centers on Energy Glass Solar applications in residential construction, greenhouses and sustainable building projects, including the Solar Home Builders initiative and the Saxon House tiny-home line.
Company updates also cover solar-incentive resources, product-line expansion into larger solar-powered homes, partnerships for project integration, greenhouse validation work, advertising initiatives and crowdfunding tied to Energy Glass manufacturing capacity and model-home development.
Saxon Capital Group has acquired exclusive worldwide rights to manufacture and sell EnergyGlass™ products from Saf-Glas, LLC. This patented glass technology generates electricity from sunlight, potentially transforming buildings into vertical solar farms. The acquisition includes a commitment to purchase patented technology upon raising $10 million. The current solar investment tax credit offers a 30% reduction on installation costs, which could enhance market adoption. Saxon plans to rename itself Energy Glass Solar.
Saxon Capital Group (SCGX) announced a non-binding letter of intent to acquire Saf-Glas in a reverse acquisition through a stock-for-stock exchange. Saf-Glas, a 25-year-old glass manufacturing company, specializes in patented Energy Glass technology aimed at the $288 billion flat glass market by 2025. Energy Glass offers advantages like generating electricity and qualifying for tax incentives. However, the acquisition is contingent on due diligence, definitive agreements, board approval, and a minimum $20 million equity raise, with no guarantee of completion.