New Energy Technologies Inc. (OTCQB: NENE), developer of
see-through SolarWindow™ coatings, capable of generating
electricity on glass and flexible plastics, today made public
never-before-seen images of the Company’s largest area,
high-performance SolarWindow™ arrays. These SolarWindow™ arrays
measure over 232 cm2 – a significant achievement for size,
improving upon New Energy’s previous achievements at the U.S.
Department of Energy’s National Renewable Energy Laboratory (NREL),
and produced with highly-uniform, colored tints preferred by
commercial window manufacturers for installation on skyscrapers,
worldwide.
New Energy Technologies' See-Through
SolarWindow(TM), Capable of Generating Electricity on Glass
(Source: New Energy Technologies, Inc.)
“Among the most important criteria for developing SolarWindow™
applications for today’s skyscrapers is providing a set of neutral
colors that remain see-through and are uniform in fabrication.
Today, we’ve revealed a record-breaking, largest-area see-through,
organic photovoltaic (OPV) SolarWindow™ array that addresses
tall-tower and commercial building glass requirements, they also
bear the promise of facile scale-up capabilities and unparalleled
manufacturability,” explained Mr. John A. Conklin, President and
CEO of New Energy Technologies, Inc.
Today’s SolarWindow™ array is over 35% larger than the Company’s
previously-fabricated, 170 cm2 working module achievement. That
prior module was already 14 times larger than the then-previous
largest-area OPV module ever fabricated at the NREL.
[Click here to view additional high resolution photographs]
The Company’s latest high-performance, large-area SolarWindow™
has been fabricated through the efforts of New Energy’s Principal
Scientist, Dr. Scott Hammond, in collaboration with NREL
Researchers, particularly Dr. Maikel van Hest, Dr. Dana C. Olson,
and Dr. Scott Mauger.
NREL is among the world’s most respected and advanced
solar-photovoltaic research institutions, and over its 37-year
history has been credited for ground-floor support of many of the
commercial technologies employed by today’s renewable energy
industries. NREL and New Energy have been working through a
Cooperative Research and Development Agreement to advance the
Company’s SolarWindow™ technology for generating electricity on
glass windows.
SolarWindow™ Transparency, Color, and
Uniformity on Track for Commercialization
“We continue to meet and exceed our device design, architecture,
uniformity, color, and transparency development goals,” continued
Mr. Conklin. “Accomplishing these goals allows us to now advance
towards larger area, commercial scale windows while maintaining
uniform, neutral colors and scalable power.”
Architecturally neutral colors and scalable power are important
to achieving the Company’s near-term commercial objective, its
development of electricity-generating windows for skyscrapers.
Engineers envision replacing today’s passive glass windows with New
Energy’s electricity-generating SolarWindow™ systems on all four
sides of tall towers – such installations could contribute to the
goal of self-powered skyscrapers.
The prospect of applying SolarWindow™ to all four sides of a
building provides a significant advantage over conventional
photovoltaic solar-power systems. New Energy’s SolarWindow™ is
capable of operating in both direct, diffuse, and shaded sunlight
conditions; conventional systems suffer large efficiency losses, if
able to work at all, under such conditions. SolarWindow™ also
generates electricity from both natural and artificial light
sources such as fluorescent, light emitting diodes (LED), and
incandescent lights in offices; conventional systems become less
efficient under these conditions, and again, may not work at
all.
Unlike traditional building-applied photovoltaic (PV) systems,
restricted to use in direct sunlight on very limited skyscraper
rooftop space, SolarWindow™ is designed to operate in sunlight and
shaded conditions on the many thousands of square feet of glass
surfaces common to today’s high-rise towers – a game-changing
advantage.
In comparison to conventional crystalline and thin-film PV
technologies, New Energy’s SolarWindow™ has numerous
advantages:
- Designed to generate electricity on
glass, enhancing the performance of today’s insulated commercial
windows;
- See-through, with high level of
‘visible light transmission’;
- Offers popular color choices while
maintaining see-through qualities;
- Capable of producing power in direct
sunlight and shaded or low natural light conditions;
- Able to generate significant
electricity from both natural and artificial light;
- Does not require expensive
high-temperature or high-vacuum production techniques inherent to
conventional solar;
- Constructed using organic materials
(polymers), which can be dissolved into liquid form and applied to
a variety of surfaces such as flexible plastics and glass; and
- Suited for manufacture using high-speed
and high-volume systems such as roll-to-roll or large area
sheet-to-sheet processes.
“The unique properties of OPV allow for low-cost, high-volume
manufacturing and provide many advantages over conventional,
inorganic PV technologies for window applications,” explained Dr.
Hammond. “The unparalleled aesthetics of our SolarWindow™
prototypes are the result of numerous novel techniques and
processes we’ve developed, which have allowed our joint New
Energy-NREL team to successfully overcome technical hurdles and
achieve significant milestones with size, electrical power, and
color – some of the most important features to developing viable
products.”
SolarWindow™ researchers have rapidly developed the Company’s
technology from its early beginnings as a tiny, experimental lab
device to a first-of-its-kind, spray-on, see-through, glass window
capable of generating electricity. Today, the technology is the
subject of forty-two (42) patent filings, and researchers are on
track to advance SolarWindow™ towards full-scale commercial
manufacturability – a near term goal.
- Historical Development Images of SolarWindow™
Since Inception Can Be Viewed By Clicking Here -
SolarWindow™ is currently under development for eventual
commercial deployment in the estimated 80 million detached homes in
America and more than five million commercial buildings. The
federal government estimates the U.S. can save $40 billion annually
by reducing energy use in commercial buildings by 20 percent by
2020.
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
generate electricity on see-through glass and flexible plastics
with colored tints popular to skyscraper glass. Unlike conventional
systems, SolarWindow™ can be applied to all four sides of tall
towers, generating electricity using natural and artificial light
conditions and even shaded areas. SolarWindow™ uses organic
materials, which are dissolved into liquid, ideal for low-cost
high-output manufacturing. New Energy’s SolarWindow™ is the subject
of 42 patent applications.
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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To view the full HTML text of this release, please visit:
http://www.newenergytechnologiesinc.com/NENE20140326.
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.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20140326005795/en/
New Energy Technologies, Inc.Ms. Briana L.
Erickson, 800-213-0689Briana@NewEnergyTechnologiesInc.comwww.newenergytechnologiesinc.com
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