WNDW Solarwindow Technologies Inc (PK)

 

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

December 18, 2014 

Date of Report (Date of earliest event reported)

 

New Energy Technologies, Inc.

(Exact name of registrant as specified in its charter)

 

Nevada 

(State or other jurisdiction of incorporation)

 

333-127953 

(Commission File Number)

 

59-3509694 

(I.R.S. Employer Identification No.)

 

10632 Little Patuxent Parkway 

Suite 406 

Columbia, Maryland 21044 

(Address of principal executive offices)

 

(800) 213-0689 

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

 

Item 7.01 Regulation FD Disclosure

 

On December 18, 2014, New Energy Technologies, Inc. (the “Company”), developer of see-through SolarWindow™ coatings capable of generating electricity on glass and flexible plastics, issued a press release which included a copy of the Company’s 2014 Shareholder Letter from the Company’s President & CEO; a copy of the press release is attached as Exhibit 99.1 hereto.

 

Except for the historical information presented in this document, the matters discussed in this Form 8-K, or otherwise incorporated by reference into this document, contain “forward-looking statements” (as such term is defined in the Private Securities Litigation Reform Act of 1995). These statements are identified by the use of forward-looking terminology such as “believes,” “plans,” “intend,” ”scheduled,” “potential,” “continue,” “estimates,” “hopes,” “goal,” “objective,” “expects,” “may,” “will,” “should” or “anticipates” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. The safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, apply to forward-looking statements made by the Registrant. The reader is cautioned that no statements contained in this Form 8-K should be construed as a guarantee or assurance of future performance or results. These forward-looking statements involve risks and uncertainties, including those identified within this Form 8-K. The actual results that the Registrant achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These forward-looking statements are based on current expectations, and the Registrant assumes no obligation to update this information. Readers are urged to carefully review and consider the various disclosures made by the Registrant in this Form 8-K and in the Registrant’s other reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect the Registrant's business.

 

Note: Information in this report furnished pursuant to Item 7 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in this current report shall not be incorporated by reference into any registration statement pursuant to the Securities Act of 1933, as amended. The furnishing of the information in this current report is not intended to, and does not, constitute a representation that such furnishing is required by Regulation FD or that the information this current report contains is material investor information that is not otherwise publicly available.

 

SECTION 9. Financial Statements and Exhibits

 

Item 9.01 Financial Statements and Exhibits

 

Number		Description
99.1		Press Release dated December 18, 2014

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on December 24, 2014.

 

 

	New Energy Technologies, Inc.
	By:	/s/ John Conklin
	Name:	John Conklin
	Title:	President, Chief Executive Officer and Chief Financial Officer

 

 

 

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EXHIBIT 99.1

 

 

 

John Conklin 

President & CEO 

New Energy Technologies, Inc. 

10632 Little Patuxent Parkway, Suite 406 

Columbia, MD 21044

 

2014 Shareholder Letter from President & CEO of New Energy Technologies, Inc.

 

Columbia, Md. – (BusinessWire Distribution - December 18, 2014) - The following is a statement by John A. Conklin, President & CEO, New Energy Technologies, Inc. (OTCQB: NENE):

 

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.

 

 

High-performance SolarWindow™
module in neutral green-blue tint.

 

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.

 

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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.”

 

Mr. John Conklin, President & CEO, presented SolarWindow™
technology during a CNBC Industrial Revolutions series: Solar:
The future of energy?

 

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.

 

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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.

 

 Dr. Scott Hammond, Principal Scientist,
works on SolarWindow™ development.

  

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.

 

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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 York City skyscrapers as seen through
high-performance SolarWindow™ module.

 

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.

 

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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.

 

 Mr. John Conklin,

President & CEO

 

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.

 

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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 Conklin 

President & CEO 

New Energy Technologies, Inc.

 

Click here to view a PDF of our Shareholder Letter.

 

Due to the Holiday mailing and delivery schedule, the date of the Letter may be different than the actual postmark and delivery date.

We anticipate shareholders to begin receiving the mailed Letter early-mid next week, depending on the holiday mail delivery schedule.

 

 

 

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