New Energy Technologies, Inc. (OTCQB: NENE), developer of
see-through SolarWindow™ coatings, capable of generating
electricity on glass and flexible plastics, today announced that
engineers and scientists have achieved important technical
milestones in the Company’s bid to advance its first-of-its-kind
technology towards market-ready, commercial products.
Dr. Scott Hammond, New Energy’s Principal
Scientist, Displays Neutral-Grey Tinted High-Performance
SolarWindow™ Prototype. (Photo: Business Wire)
“In advancing our first-of-its-kind technology towards
commercialization, our scientists have broken technical barriers
and set new records in 2014, significantly raising the performance
bar for both power production and aesthetics of see-through organic
photovoltaics,” explained Mr. John Conklin, President and CEO, New
Energy Technologies, Inc.
During 2014, New Energy’s electricity-generating coatings
achieved major strides and illustrated many advantages over
conventional photovoltaic (PV) modules:
- Power production of over 50-times
greater than conventional PV solar modules when modeled for
installation on tall towers;
- Greenhouse gas benefits of over
10-times greater Carbon Dioxide (CO2) offsets over conventional PV
solar modules when modeled for installation on tall towers;
- Generate electricity on see-through
glass, enhancing the performance of today’s insulated commercial
windows. Conventional PV solar technologies cannot generate
electricity on window glass in this way and cannot remain
see-through in order to do so;
- See-through coatings are highly
transparent and allow high levels of ‘visible light transmission’.
Conventional solar PV modules do not allow visible light
transmission and are not transparent;
- Electricity-generating coatings offer
attractive color choices in high demand by commercial glass
companies;
- Capable of producing power from natural
and artificial light sources in direct, shaded, diffused, and
reflected light conditions. Conventional solar PV works in direct
sunlight and typically cannot operate in cloudy weather or in
shaded areas;
- Able to generate electricity using
artificial light typically found in offices, hotels, and other
buildings;
- Does not require expensive
high-temperature or high-vacuum manufacturing processes, and is
applied at room temperature. Conventional PV solar processes are
very energy intensive, requiring high temperature production, and
are expensive;
- Constructed using mostly organic
materials (polymers), which can be dissolved into liquid form and
applied to a variety of surfaces such as flexible plastics and
glass. Conventional PV solar uses complex materials that cannot be
easily dissolved into a low-cost liquid form for manufacturing,
and;
- Being developed for high-speed and
high-volume manufacturing processes, such as roll-to-roll (R2R) or
large area sheet-to-sheet (S2S) equipment.
Earlier this year, New Energy’s largest area, high-performance
SolarWindow™ modules were unveiled, with architecturally neutral
colors and improved uniformity and efficiency:
http://www.newenergytechnologiesinc.com/NENE20140326.
New Energy also set a new record for generating electricity
while remaining see-through with over 50% greater power than prior
attempts publicized by others:
http://www.newenergytechnologiesinc.com/NENE20140508.
On September 16, 2014, SolarWindow™ modules were also shown to
Congress during the first-ever National Lab Day on Capitol Hill:
http://www.newenergytechnologiesinc.com/NENE20140930.
The next major technical and development milestones for
SolarWindow™ relate to improving power, and high-speed and
high-volume processing:
- Continue to bolster electrical power by
improving known processes and developing new fabrication
techniques;
- Further tune and improve color options
and aesthetics important to the commercial glass industry in
preparation for commercial deployment;
- Achieve pre-commercial scale-up
objectives of SolarWindow™ required by industry, and;
- Formalize R2R and S2S manufacturing
processes for industry.
Importantly, these steps relate to the eventual
commercialization of SolarWindow™ products – our clear goal. The
important advancements made to SolarWindow™ and its further
development are integral to securing strategic commercial
partnerships, achieving consumer acceptance, and eventually
deploying products that meet and exceed industry expectations.
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. Additional press releases can be
found on our News page.
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.
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/NENE20141113.
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/20141113005708/en/
New Energy Technologies, Inc.Ms. Briana L. Erickson,
800-213-0689Briana@NewEnergyTechnologiesInc.comwww.newenergytechnologiesinc.com
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