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View Discloses December 31, 2021 Cash Balance of $281 Million and Expects to Improve Cash Burn Through 2022

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MILPITAS, Calif., March 07, 2022 (GLOBE NEWSWIRE) -- View, Inc. (NASDAQ: VIEW), the leader in smart building technologies, today announced its cash balance of $281 million as of December 31, 2021 with no substantial debt on the balance sheet. View expects to improve cash burn through 2022 on higher volumes and revenues combined with associated improvements in operational efficiencies.  

Forward-Looking Statements

This press release and certain materials View files with the SEC, as well as information included in oral statements or other written statements made or to be made by View, other than statements of historical fact, contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as amended, including statements regarding expected improvements in cash expenditures, higher volumes, revenues and operational efficiencies. These forward-looking statements are based on current expectations, estimates, assumptions, projections, and management’s beliefs, that are subject to change. There can be no assurance that these forward-looking statements will be achieved; these statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond View’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. View’s business is subject to a number of risks which are described more fully in View’s definitive proxy statement filed with the SEC on February 16, 2021, as amended on February 23, 2021, which is incorporated by reference into its Current Report on Form 8-K filed on March 12, 2021. View undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof.

About View

View is the leader in smart building technologies that transform buildings to improve human health and experience, reduce energy consumption and carbon emissions, and generate additional revenue for building owners. View Smart Windows use artificial intelligence to automatically adjust in response to the sun, eliminating the need for blinds and increasing access to natural light. Every View installation includes a cloud-connected smart building platform that can easily be extended to reimagine the occupant experience. View is installed and designed into more than 90 million square feet of buildings including offices, hospitals, airports, educational facilities, hotels, and multi-family residences. For more information, please visit: www.view.com.

For further information:

Investors: 
Samuel Meehan
View, Inc.
IR@View.com
408-493-1358


View, Inc.

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Flat Glass Manufacturing
Manufacturing
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United States
Milpitas

About VIEW

a more intelligent window. view is the leader in dynamic glass. now your windows are intelligent, alive, and under your control. no heat, no glare, and no blinds. -why dynamic glass?- the sun is dynamic…your windows should be too. view dynamic glass tints electronically in response to the outside world, preserving your view and keeping you cool. now your windows are intelligent and no longer just a static component in a building. view dynamic glass transitions seamlessly between four variable tint states, allowing visible light to shine in, and rejecting unwanted heat and glare…any time of the day or year. no need to give up your views to save energy or stay comfortable. how cool is that? -our team- we are a company on a mission. we believe that view dynamic glass will create entirely new possibilities to elevate occupant experience, and change the way we think about architectural design. we will help produce buildings with the expansive views we crave, with abundant natural li