New Energy Technologies, Inc. (OTCQB: NENE), developer of the
world’s first-of-its-kind, see-through technology capable of
generating electricity on glass and flexible plastics, announced
today that researchers have achieved important device design,
architecture, and transparency goals which now allow the Company to
advance and expand development efforts of its
electricity-generating coatings. These expanded research efforts
are directed at a specific layer of the coatings, composed largely
of polymers, which can be applied to flexible plastics and glass to
create tinted, see-through windows able to generate
electricity.
New Energy's See-Through Polymers
Generate Electricity on Glass Windows (Photo: New Energy
Technologies, Inc.)
“We’ve worked hard to achieve a series of specific technical
milestones focused on transparency, color, scale-up, and
manufacturability of our SolarWindow™ technology,” explained Mr.
John A. Conklin, President and CEO of New Energy Technologies, Inc.
“I’m proud to announce today that these achievements have allowed
us to expand our development program to now include concurrent
development of polymers for new coatings with improved
properties.”
Among important technical milestones recently achieved by
researchers include:
1) A new patent-pending technique for
spraying electricity-generating coatings on to glass while enabling
improved properties2) A 200% improvement in performance3) Reduced
fabrication from days to hours, down to one-sixth the original
time4) Increased transparency of SolarWindow™, referred to as
‘visible light transmission’5) Improved coating uniformity and
aesthetic appeal6) A significantly expanded patent portfolio
New Energy’s development of proprietary polymers aims to expand
the Company’s range of potential applications and customized
products, beyond electricity-generating windows. Additionally,
researchers are keen to leverage new and improved polymers to
further enhance product durability and performance – important
considerations to the commercial launch of the Company’s
SolarWindow™ technology.
“In addition to bolstering our product performance, the
development of the polymer layers could further strengthen our
patent portfolio. A strong IP position will ensure that we
minimize, if not entirely preclude, potential future competitors
from encroaching on our proprietary technology,” concluded Mr.
Conklin.
Currently in development for eventual commercial deployment in
the estimated 85 million commercial buildings and homes in America,
SolarWindow™ technology is the subject of fourteen (14) patent
filings and is the world’s first-of-its-kind technology capable of
generating electricity on see-through glass windows.
About New Energy Technologies,
Inc.
New Energy Technologies, Inc., together with its wholly owned
subsidiaries, is a developer of next generation alternative and
renewable energy technologies. Among the Company’s technologies
under development are:
- MotionPower™ roadway systems for
generating electricity by capturing the kinetic energy produced by
moving vehicles – a patent-pending technology, the subject of 45 US
and International patent applications. An estimated 250 million
registered vehicles drive more than six billion miles on America’s
roadways, every day; and
- SolarWindow™ technologies, which
enable see-through windows to generate electricity by ‘spraying’
their glass surfaces with New Energy’s electricity-generating
coatings – the subject of 14 patent applications. These solar
coatings are less than 1/10th the thickness of ‘thin’ films and
make use of the world’s smallest functional solar cells, shown to
successfully produce electricity in a published peer-reviewed study
in the Journal of Renewable and Sustainable Energy of the American
Institute of Physics.
Through established relationships with universities, research
institutions, and commercial partners, we strive to identify
technologies and business opportunities on the leading edge of
renewable energy innovation. Unique to our business model is the
use of established research infrastructure owned by the various
institutions we deal with, saving us significant capital which
would otherwise be required for such costs as land and building
acquisition, equipment and capital equipment purchases, and other
start-up expenses. As a result, we are able to benefit from leading
edge research while employing significantly less capital than
conventional organizations.
For additional information, please call Ms. Briana L. Erickson
toll-free at 1-800-213-0689 or visit:
www.newenergytechnologiesinc.com.
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http://www.newenergytechnologiesinc.com/investor_alert
To view the full HTML text of this release, please visit:
http://www.newenergytechnologiesinc.com/NENE20130604
For media inquiries please contact Jerry Schranz at
jschranz@beckermanpr.com, or visit our Media Relations page for
additional contact information:
http://www.newenergytechnologiesinc.com/media_relations
Legal Notice Regarding Forward-Looking
Statements
No statement herein should be considered an offer or a
solicitation of an offer for the purchase or sale of any
securities. This release contains forward-looking statements that
are based upon current expectations or beliefs, as well as a number
of assumptions about future events. Although New Energy
Technologies, Inc. (the “Company” or “New Energy Technologies”)
believes that the expectations reflected in the forward-looking
statements and the assumptions upon which they are based are
reasonable, it can give no assurance that such expectations and
assumptions will prove to have been correct. Forward-looking
statements, which involve assumptions and describe our future
plans, strategies, and expectations, are generally identifiable by
use of the words “may,” “will,” “should,” “could,” “expect,”
“anticipate,” “estimate,” “believe,” “intend,” or “project” or the
negative of these words or other variations on these words or
comparable terminology. The reader is cautioned not to put undue
reliance on these forward-looking statements, as these statements
are subject to numerous factors and uncertainties, including but
not limited to adverse economic conditions, intense competition,
lack of meaningful research results, entry of new competitors and
products, adverse federal, state and local government regulation,
inadequate capital, unexpected costs and operating deficits,
increases in general and administrative costs, termination of
contracts or agreements, technological obsolescence of the
Company's products, technical problems with the Company's research
and products, price increases for supplies and components,
litigation and administrative proceedings involving the Company,
the possible acquisition of new businesses or technologies that
result in operating losses or that do not perform as anticipated,
unanticipated losses, the possible fluctuation and volatility of
the Company's operating results, financial condition and stock
price, losses incurred in litigating and settling cases, dilution
in the Company's ownership of its business, adverse publicity and
news coverage, inability to carry out research, development and
commercialization plans, loss or retirement of key executives and
research scientists, changes in interest rates, inflationary
factors, and other specific risks. There can be no assurance that
further research and development will validate and support the
results of our preliminary research and studies. Further, there can
be no assurance that the necessary regulatory approvals will be
obtained or that New Energy Technologies, Inc. will be able to
develop commercially viable products on the basis of its
technologies. In addition, other factors that could cause actual
results to differ materially are discussed in the Company's most
recent Form 10-Q and Form 10-K filings with the Securities and
Exchange Commission. These reports and filings may be inspected and
copied at the Public Reference Room maintained by the U.S.
Securities & Exchange Commission at 100 F Street, N.E.,
Washington, D.C. 20549. You can obtain information about operation
of the Public Reference Room by calling the U.S. Securities &
Exchange Commission at 1-800-SEC-0330. The U.S. Securities &
Exchange Commission also maintains an Internet site that contains
reports, proxy and information statements, and other information
regarding issuers that file electronically with the U.S. Securities
& Exchange Commission at http://www.sec.gov. The Company
undertakes no obligation to publicly release the results of any
revisions to these forward looking statements that may be made to
reflect the events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.
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