The following is a statement by John A. Conklin, President
& CEO, New Energy Technologies, Inc. (OTCQB: NENE):
Mr. John Conklin, President & CEO
(Photo: New Energy Technologies, Inc.)
Dear Valued Shareholders,
It’s been a breakthrough, banner year for New Energy
Technologies. I’m proud to share many of our 2013 - 2014
accomplishments and development goals planned for the year
ahead.
As I sit to write today, I want to personally thank you – our
shareholders – for your continued, strong support in developing the
world’s first-of-its-kind see-through SolarWindow™ technology.
Since the early days of presenting our first liquid,
electricity-generating coatings and dark, small-scale prototypes to
this year’s highly-transparent and record-breaking modules, you’ve
been a part of each milestone. On behalf of my team, I thank you
for that. We could not progress toward commercialization without
your commitment.
You’ll be happy to know that over the last two years, we’ve set
amazing records with our modules, raised the bar on our technical
achievements, and even displayed our SolarWindow™ modules to
members of the United States Congress on Capitol Hill.
Our SolarWindow™ technology continues to show strong progress in
development, and is picking up pace. At a time when energy demand
is rising, there is a tremendous opportunity for SolarWindow™
coatings to generate electricity on the many acres of glass
surfaces available on tall towers and skyscrapers. This year, our
engineers and scientists focused on size, aesthetics, and power
production. The results have been impressive.
Using the Company’s proprietary power production model,
engineers estimate that when installed on all four sides of a
50-story building:
- Our SolarWindow™ modules could produce
more than 50 times greater power than conventional rooftop
photovoltaic (PV) systems, which are limited to only a handful of
square feet on a congested rooftop. SolarWindow™ technology can be
applied to all four sides of a building’s glass surfaces.
- In Phoenix, AZ, SolarWindow™ technology
could generate enough electricity to power 130 homes each year as
compared to only three to eleven for today’s rooftop PV
systems.
- In Amarillo, TX, our SolarWindow™
systems could help avoid the same carbon emissions produced by
vehicles driving about 2.75 million miles per year as compared to
today’s rooftop PV systems with only 180,000 miles.
We previously unveiled our biggest-ever working module, which
was fabricated through a collaborative partnership with the U.S.
Department of Energy’s National Renewable Energy Laboratory (NREL),
one of the world’s leading renewable energy laboratories. At the
time, this module was more than 14-times larger than previous OPV
devices fabricated at NREL. This year, our continuing partnership
with NREL led to the unveiling of our newest, high-performance
SolarWindow™ modules, which are 35% larger than previously unveiled
modules.
Better yet, SolarWindow™ coatings can produce electricity using
artificial light sources, such as fluorescent lighting in offices
and hotels. Today’s conventional rooftop PV solar systems
cannot.
As CNBC explains, SolarWindow™ is a “’first-of-its-kind’
technology that could turn the buildings we live and work in into
self-sufficient, mini-power stations.”
Our numerous breakthroughs this year have captured the attention
of The Huffington Post, CNBC, Renewable Energy Magazine,
CleanTechnica, TechRepublic, and The Washington Post, among
others.
As our SolarWindow™ technology progresses, we anticipate even
greater coverage.
Rising Demand for Electricity and Glass: SolarWindow™
Technology
Corporate America is shifting a great deal of focus and
financial resources to renewable energy for generating electricity.
In fact, Walmart, Costco, Kohl’s, Apple, IKEA, Staples, FedEx,
Intel, General Motors, and Dow Jones & Company are all
embracing renewable energy.
Keep in mind that our SolarWindow™ technology is being developed
as a Building Integrated Photovoltaic (BIPV) renewable energy
source. The BIPV market is expected to have a tremendous growth
rate of 41% through 2016. That growth, combined with the global
market for coated flat glass, is expected to reach nearly $29.2
billion by 2019.
This escalating energy demand and growth in the glass market
comes at an essential time, as we advance toward market-ready
SolarWindow™ products.
SolarWindow™ Attracts Industry Leaders
Over the last two years, our scientists and engineers have
achieved numerous milestones. Not only have we set a new record in
power production, but we’ve also made significant breakthroughs in
scaling up the size of our modules. We have successfully increased
efficiency; and improved manufacturability, and transparency,
constantly improving our ability to harvest energy and generate
electricity.
We have also unveiled some of the most powerful
electricity-generating modules we’ve ever seen. In doing so, we’ve
attracted some influential industry leaders, like Mr. Curtis
Watkins and Mr. Kelly Provence.
Mr. Provence is one of the most credentialed solar PV and
installation experts in the field, holding three North American
Board of Certified Energy Practitioners (NABCEP) certifications.
The Interstate Renewable Energy Council (IREC) awarded him Master
Certified PV Trainer status, as well. His knowledge of systems for
integrating and installing SolarWindow™ modules into building
architecture is invaluable.
Mr. Watkins works with Duke Energy’s Emerging Technology Office,
one of America’s largest utility companies. He’s responsible for
testing and verifying new technologies that have the potential to
become part of a portfolio of energy solutions. He brings expertise
in the utility and municipal energy industries and guidance in the
development of strategic partnerships.
These are exciting times, as our technology attracts some of the
most substantial names in the industry. Things are even better
because of our dedicated team of scientists, engineers, and
employees’ remarkable determination.
With their support, I’m happy to say that our Company continues
to advance SolarWindow™ technology through its Cooperative Research
and Development Agreement (CRADA) with NREL. Leading our research
efforts is Dr. Scott Hammond, our Principal Scientist, who
continues to work closely with NREL scientists to further develop
SolarWindow™ electricity-generating coatings into
commercially-viable products. Scott has been instrumental in
accomplishing all of our technology development objectives, to
date.
Record-Setting Growth: Two Years of Breakthroughs
Two years of significant accomplishments and record-setting
breakthroughs have brought us closer than ever to
commercialization.
Patent Portfolio more than Doubled
In July 2013, we more than doubled our U.S.
and international patent filings in just 12 months for protection
of our proprietary SolarWindow™ technology.
Received 2013 Energy Innovation
Award
By December 2013, our team was awarded the
2013 Energy Innovation Award from the Energy Business Review (EBR).
We were recognized as the most promising global energy project of
the year. It was a tremendous reflection of our hard work and
dedication to advancing our SolarWindow™ development.
New Year, New Goal of Demonstrating
Versatility
In January 2014, our scientists successfully
increased power and created a broader selection of SolarWindow™
module colors under high-demand by architects and building
designers.
Next Generation, High-Performance
SolarWindow™ Modules
We then set to work on unveiling our next
generation, high performance SolarWindow™ working prototype within
the following quarter, successfully achieved in March 2014.
Our Proudest Milestone
We built our largest and most powerful
SolarWindow™ modules, fabricated in neutral colors to address
tall-tower and commercial building glass requirements.
New Record: 50% More Power
Ninety days later, we set a new record for
generating electricity while remaining see-through with more than
50% greater power than other industry attempts.
Estimated to Generate Up to 50-Fold
Electrical Energy Benefits
By June 2014, our engineers developed a
proprietary model for estimating the amount of electrical energy
and environmental benefits SolarWindow™ prototype modules may
provide. Our model showed that SolarWindow™ modules could
outperform conventional rooftop solar by as much as 50-fold.
Demonstrated before U.S. Congress
In September 2014, NREL experts presented our
SolarWindow™ modules to staff and members of the U.S. Congress as
part of the first-ever National Lab Day on Capitol Hill,
co-sponsored by the U.S. Department of Energy.
Highlighted at Major Scientific &
Industry Events
Dr. Scott Hammond was selected to present our
SolarWindow™ technology at Energy Harvesting and Storage USA 2013,
the world’s largest annual conference and exhibition of its kind.
Dr. Hammond was also invited to present at the 2013 Materials
Research Society Spring Meeting Exhibit. We then presented our
SolarWindow™ technology to the 2014 InterSolar North America
Conference, the most widely attended solar exhibition in the United
States.
Where do we go from here?
What sets see-through SolarWindow™ coatings apart commercially
is the ability to generate electricity not only in sunlight, but
also using artificial light sources, diffused light and even in
shaded areas. This allows our modules to be commercially installed
on all sides of a skyscraper, turning the entire building into a
power generator. Conventional rooftop solar systems cannot do
that.
Using liquid-based materials, we also lend ourselves to
low-cost, high-speed manufacturing methods. That’s important,
considering the expensive, temperature-sensitive and cumbersome
manufacturing of conventional solar PV modules.
Moving forward, we’re heading into 2015 with solid momentum of
technological achievements. Our expanded intellectual property
portfolio continues to play a crucial role as we pursue a greater
number of industry and research partnerships in our push toward
commercialization.
There is still a lot of hard work to be done, but the complex,
early discovery proof-of-concept research is long behind us.
Our team will continue to improve power production and strive
toward greater efficiency with our SolarWindow™ modules. We are
further enhancing the transparency and uniformity of our coatings,
developing SolarWindow™ modules in glass colors and shades in high
demand by architects and building designers.
Also key to our future development goals is scaling up the size
of our modules and developing new fabrication techniques for
applying electricity-generating coatings onto glass. These steps
will help prepare SolarWindow™ coatings for low-cost, high-speed
fabrication using roll-to-roll and sheet-to-sheet manufacturing
processes.
With your ongoing support, we look forward to setting new
industry records, achieving important milestones, and attracting
global attention. The development of our Company and SolarWindow™
technology will put New Energy Technologies in a strong position to
deliver greater value to you, our shareholders.
Rest assured that shareholder value is, always has been, and
will most certainly remain, an important priority for the New
Energy team. With this in mind, I promise to continue our tradition
of proactive shareholder outreach in 2015 and keep you updated on
our major advancements.
Whether by way of press releases, media interviews, or industry
and scientific presentations, we will continue to attract positive
coverage for New Energy Technologies and our SolarWindow™
technology.
You have my personal commitment, and the commitment of our Board
of Directors and Advisors, employees, and scientists who are
working to advance our technologies and strengthen shareholder
value. As we approach our goal of commercialization, we remain
focused on our objective of positioning our SolarWindow™ technology
as one of the greatest future energy innovations.
Thank you for your confidence and ongoing support. Our best days
are ahead.
Best regards,
John ConklinPresident & CEONew Energy Technologies,
Inc.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20141218005063/en/
New Energy Technologies, Inc.Briana L. Erickson,
800-213-0689Briana@NewEnergyTechnologiesInc.comwww.newenergytechnologiesinc.com
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