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.
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