Company Website:
http://www.NewEnergyTechnologiesInc.com
COLUMBIA, Md. -- (Business Wire)
New Energy Technologies, Inc. (OTCQB: NENE), developer of the world’s
first-of-its-kind, see-through technology capable of generating
electricity on glass and flexible plastics, announced today that the
Company has successfully achieved a total of 21 new patent filings for
protection of its proprietary SolarWindow™ technology, more than
doubling the portfolio in only 12 months.
“Our technology has the capacity to turn ordinary glass windows in
America’s 5 million skyscrapers and commercial towers into power
generators -- a huge commercial opportunity,” explained Mr. John A.
Conklin, President and CEO of New Energy Technologies, Inc.
“As we continue to make important strides towards commercial
manufacturability of our SolarWindow™, it is becoming increasingly
important to ensure that various patent protections are secured
immediately.” New Energy’s patent filings include a combination of US
and international jurisdictions, and cover various methods, materials,
and product implementations.
Novel to the Company’s technology is its ability to generate electricity
on various surfaces when electricity-generating coatings are sprayed or
otherwise applied at room temperature, thus lowering production costs
and manufacturing time.
Important SolarWindow™ Features
- Generating Electricity on Glass Windows and See-Through Films
-
SolarWindow™ generates electricity and remains see-through on
glass windows and plastics similar to commercially-available
window tint films. Conventional ‘thin film’ and solar photovoltaic
(PV) panels are dark and obscure, nearly impossible to see through.
- Spray-On Electricity-Generating Power Plants
-
SolarWindow™ electricity-generating coatings can be applied using
various low-cost production methods, and can even be sprayed on to
glass and plastics. This cannot be achieved with traditional PV
manufacturing methods.
- Lower Cost, Room Temperature Production
-
SolarWindow™ processing can be performed at room (ambient)
temperature and pressure, unlike conventional thin-film PV, which
typically requires high temperature and pressure (high negative or
high positive pressure) sensitive manufacturing methods that
usually add to the high costs of currently-available PV production.
- Electricity from Artificial Light
-
Most conventional PV systems rely on near direct exposure to
natural sunlight. SolarWindow™ technology uses artificial light
energy, such as fluorescent lighting typical in office buildings,
as well as natural light energy to generate electricity, and is
capable of producing electricity with indirect or low-light
conditions.
- Shaded Exposures where Sunlight is Limited
-
SolarWindow™ can be applied to all four sides of a building
(including shaded areas) and operate during varying weather
seasons, in low-light conditions, and from indirect sunlight,
unlike current conventional solar PV technologies, which largely
depends on near direct exposure to sunlight.
- Electricity-Generating Flexible Surfaces
-
SolarWindow™ has been shown to generate electricity on flexible
plastics, while today’s conventional PV competing technologies are
thick and rigid and cannot be similarly applied.
Currently under development for eventual commercial deployment in the
estimated 85 million commercial buildings and detached homes in America,
SolarWindow™ is the subject of twenty-one (21) patent filings and is the
world’s first-of-its-kind see-through technology capable of generating
electricity on glass windows and flexible plastics.
To view a video introduction of New Energy Technologies’
SolarWindow™, please visit: http://www.newenergytechnologiesinc.com/media/gallery/solarwindow-sketch-video.
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tuned for updates to our website featuring our new logos.
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 45 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 enable see-through windows to
generate electricity by ‘spraying’ their glass surfaces with New
Energy’s electricity-generating coatings – the subject of 21 patent
applications. These solar coatings are less than 1/10th the thickness
of ‘thin’ films and make use of the world’s smallest functional solar
cells, shown to successfully produce electricity in a published
peer-reviewed study in the Journal of Renewable and Sustainable Energy
of the American Institute of Physics.
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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To view the full HTML text of this release, please visit: http://www.newenergytechnologiesinc.com/NENE20130717.
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.
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/20130717005615/en/
Contacts:
New Energy Technologies, Inc.
Ms. Briana L. Erickson,
800-213-0689
Briana@NewEnergyTechnologiesInc.com
www.newenergytechnologiesinc.com
Source: New Energy Technologies, Inc.
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