New Energy Technologies Inc. (OTCQB:NENE), developer of
see-through SolarWindow™ coatings capable of generating electricity
on glass and flexible plastics announced today that the Company is
successfully progressing ongoing development of its SolarWindow™
devices and modules.
“We’ve achieved significant research and development milestones,
and remain sharply focused on commercializing our first-of-its-kind
technology for generating electricity on glass windows,” explained
Mr. John A. Conklin, President and CEO of New Energy Technologies,
Inc. “We’re especially encouraged by the excellent color and
transparency of our electricity-generating glass modules, and power
production estimates.”
Recently, the Company’s SolarWindow™ set a new record for
generating electricity while remaining see-through. New Energy
engineers calculate that SolarWindow™ modules modeled for
installation on a 50-story building could conservatively produce at
least ten times the electrical energy of conventional rooftop
photovoltaic (PV) systems and, in some instances, exceed power
performance by as much as 50-fold.
Using the Company’s proprietary power production model,
engineers estimate that SolarWindow™ installed on a 50-story
building could generate enough electricity to power at least 100
homes while eliminating the equivalent carbon emissions produced by
vehicles driving approximately 2,750,000 miles per year.
For example, SolarWindow™ modules modeling estimates for the
city of Miami, Florida show SolarWindow™ modules could generate
over 1.3 million kWh (kilowatt hours) of energy. Today’s rooftop
systems could only generate from 28,000 to 102,000 kWh.
The Company envisions SolarWindow™ technology installations on
the vast acres of tinted glass surfaces on commercial buildings,
skyscrapers, and tall towers. In contrast, conventional solar power
systems are limited to very small square-footage rooftops, which
are already crowded with service systems. Unlike conventional solar
systems, New Energy’s SolarWindow™ can be applied to all four sides
of tall towers, generating electricity using natural and artificial
light conditions and even shaded areas.
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 full-scale commercial
manufacturability – a near-term goal.
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:
- 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; and
- SolarWindow™ technologies, which
generates 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.
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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http://www.newenergytechnologiesinc.com/investor_alert.
To view the full HTML text of this release, please visit:
http://www.newenergytechnologiesinc.com/NENE20140508.
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.
New Energy Technologies, Inc.Ms. Briana L. Erickson,
800-213-0689Briana@NewEnergyTechnologiesInc.comwww.newenergytechnologiesinc.com
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