New Energy Technologies, Inc. (OTCQB: NENE), developer of
SolarWindow™, the world’s first-of-its-kind see-through technology
capable of generating electricity on glass and flexible plastics,
has announced plans to unveil the Company’s next generation, high
performance SolarWindow™ working prototype within the upcoming
calendar quarter.
“Our next-generation SolarWindow™ has been engineered to deliver
an architecturally neutral, aesthetically-pleasing,
solution-processable coating technique for depositing see-through
electricity-generating coatings on to glass surfaces as a source of
electricity to today’s towers, offices, and commercial buildings,”
stated Mr. John A. Conklin, President and CEO of New Energy
Technologies, Inc. “The first-ever public demonstration of our
next-generation prototype and its electricity-generating
capabilities is the result of several important technical
breakthroughs, over twenty patent filings, the collaboration of
strategic partners, and ongoing support and financing by our loyal
shareholders and lead investors.”
Today’s announcement follows this month’s successful $3 million
financing by principal investor, Kalen Capital Corporation, and
news of Company researchers achieving faster fabrication time,
improved transparency, and a two-fold increase in power conversion
efficiency using New Energy’s novel spray applications. Researchers
have also engineered an improved device design and architecture,
and reported greater transparency.
As a result, the Company recently announced expanded
applications of its electricity-generating coatings to high-value
applications such as aircraft bodies, associated hardware, and
pilot flight suits for producing reliable, low-cost, light-weight
ancillary and emergency power.
SolarWindow™ is now the subject of forty-two (42) US and
International patent filings. The technology is produced using
low-cost manufacturing methods, and is capable of remaining
see-through and light-weight while generating electricity using
both natural and artificial light sources, as well as in shaded
conditions at all times of the year. In contrast, conventional
solar photovoltaic (PV) technologies can be heavy and bulky, and
typically require expensive manufacturing processes. Today’s
typical solar PV products are impossible to see through, with
opaque surfaces which only work efficiently when exposed to direct
(or near direct) sunlight during optimal weather conditions.
Currently under development for eventual commercial deployment
in the estimated 85 million commercial buildings and detached homes
in America, SolarWindow™ is the subject of forty-two (42) patent
filings and is the world’s first-of-its-kind see-through technology
capable of generating electricity on glass windows and flexible
plastics; and a planned ‘building integrated photovoltaic’ (BIPV)
technology. BIPV products are expected to achieve compound
annualized growth of 41%-plus through 2016, according to Pike
Research.
New Energy’s high-performance working prototype will be publicly
unveiled before year-end 2013. The Company will provide more
information about the Next Generation SolarWindow™ Unveiling Event
location and date, and performance features in the upcoming
weeks.
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 42 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.
To receive future press releases via email, please visit:
http://www.newenergytechnologiesinc.com/investor_alert.
To view the full HTML text of this release, please visit:
http://www.newenergytechnologiesinc.com/NENE20131029.
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.
For answers to frequently asked questions, please visit our FAQs
page: http://www.newenergytechnologiesinc.com/investors/faqs.
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.
New Energy Technologies, Inc.Ms. Briana L. Erickson,
800-213-0689Briana@NewEnergyTechnologiesInc.comwww.newenergytechnologiesinc.com
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