New Energy Technologies, Inc. (OTCQB:NENE), developer of
see-through SolarWindow™ coatings capable of generating electricity
on glass and flexible plastics, announced today that its
SolarWindow™ electricity-generating coatings were demonstrated to
Congress during National Lab Day on Capitol Hill.
NREL - New Energy Development Team (from
L to R): Maikel van Hest, PhD, Scientist, NREL; Scott Mauger, PhD,
Scientist, NREL; Dana Olson, PhD, Scientist, NREL; and Scott
Hammond, PhD, Principal Scientist, New Energy Technologies,
Inc.
On Tuesday, September 16th, 2014, SolarWindow™ Modules were
demonstrated to Congress during the first-ever National Lab Day,
which was cosponsored by the U.S. Department of Energy (DOE). The
Company’s high-performance, large-area SolarWindow™ modules were
fabricated through the efforts of New Energy’s Principal Scientist,
Dr. Scott Hammond, in collaboration with DOE’s National Renewable
Energy Laboratory (NREL).
New Energy’s SolarWindow™ modules were shown to Congress by NREL
at the event to demonstrate a wide variety of cutting-edge
photovoltaic technologies. “Demonstrating our latest, large-area
and high performance SolarWindow™ modules at National Lab Day on
Capitol Hill presents a wonderful opportunity to increase awareness
of our SolarWindow™ technology and electricity-generating coatings
to Congress and others among US governmental and scientific
representatives,” explained Mr. John A. Conklin, President and CEO
of New Energy Technologies, Inc. “Additionally, this exhibition
also allows us to further strengthen our productive relationship
with NREL and DOE by assisting them in demonstrating the value of
industry-national laboratory partnerships for the development of
cutting-edge technologies.”
National Lab Day was a chance for the Department of Energy’s 17
national labs to display some of their cutting-edge scientific
research and technical advancements to members of Congress. The
demonstration of New Energy’s SolarWindow™ modules during this
event is part of the Company’s broader effort to raise awareness of
the technology features and benefits as the Company continues down
the path towards commercialization.
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
technology is the subject of 42 patent filings, and researchers are
on track to advance SolarWindow™ towards the goal of full-scale
commercial manufacturability.
To view photographs of New Energy’s latest high performance
SolarWindow™ modules, click here.
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:
- 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; and
- 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.
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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visit:http://www.newenergytechnologiesinc.com/investor_alert.
To view the full HTML text of this release, please
visit:http://www.newenergytechnologiesinc.com/NENE20140930.
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/20140930005298/en/
New Energy Technologies, Inc.Briana L. Erickson,
800-213-0689Briana@NewEnergyTechnologiesInc.comwww.newenergytechnologiesinc.com
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