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 the Company has achieved compatibility of the
SolarWindow™ architecture with a variety of active layer
electricity-generating coatings. In organic photovoltaic (OPV)
devices, the active layer plays a critical role in determining a
number of the key properties of the device, including: color,
amount of visible light transmission (VLT), wavelength response,
and power production.
“The compatibility of SolarWindow™ with a variety of active
layer materials ensures we can give building engineers, architects,
and end-users alike the flexibility to choose the color and power
output that meets building power offsetting requirements,” said Mr.
John Conklin, President and CEO of New Energy Technologies, Inc.
“These choices are critical to ensuring market adoption, as every
building is unique, with different aesthetic characteristics.”
New Energy has established SolarWindow™ as a versatile platform
for the eventual commercialization of a range of products. With
different active layer electricity-generating coatings,
SolarWindow™ products may be manufactured with a variety of colors,
levels of VLT, wavelength response, and power production, adapting
to different building characteristics, such as color, power
production, and energy offsetting requirements.
The device architecture fabrication process for SolarWindow™
coatings remains unchanged, thus allowing a single fabrication line
to produce a variety of active layers and color options for
applications on window, plastic and other substrate products.
Combined with the low-temperature, high-throughput, solution-based
fabrication techniques used in SolarWindow™, this enables the
Company to remain focused on low-cost fabrication processes for a
wide range of products.
The compatibility of SolarWindow™ with a variety of active layer
materials provides the Company a path for future development of
additional products and discoveries. “The performance of OPV
devices and materials has been rapidly increasing over the last
decade. By demonstrating compatibility of SolarWindow™ with a
variety of active layer materials, we have the opportunity to use
the electricity-generating device architecture with the new, higher
performance OPV materials and new developments in the future,” said
Mr. Scott Hammond, Ph.D., Principal Scientist of New Energy
Technologies, Inc.
New Energy’s SolarWindow™ architecture represents a platform for
the commercialization of a variety of see-through products capable
of generating electricity on glass and flexible plastics. Today’s
announcement of compatibility with a variety of active layer
materials demonstrates the versatility, affordability, and
potential of SolarWindow™ coatings for a diverse array of
see-through electricity-generating products for skyscrapers,
buildings, and other applications.
New Energy Technologies is preparing to unveil the Company’s
next-generation, high performance SolarWindow™ prototypes with
never-before-released photos and multi-media content within the
first quarter, 2014. The Company is awaiting performance results
for its latest high-performance prototypes from an accredited
independent Photovoltaic Testing Lab. Upon receipt of the Lab’s
Performance Test Report, the Company anticipates announcing
unveiling dates and additional information regarding the technology
in future announcements.
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 59 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/NENE20140121.
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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