Company Website:
http://www.NewEnergyTechnologiesInc.com
COLUMBIA, Md. -- (Business Wire)
New Energy Technologies, Inc. (OTCQB: NENE), today announced that
SolarWindow™,the world’s first-of-its-kind, see-through
technology capable of generating electricity on glass windows and
flexible plastics, has been selected as the Energy Innovation Award
winner for 2013 by Energy Business Review (EBR). The announcement can be
read at: http://solar.energy-business-review.com/news/new-energy-technologies-solarwindow-technology-wins-ebr-energy-innovation-award-2013-101213-4143136.
Chosen by the editorial staff of EBR, a leading provider of energy
industry news, analysis and market reports, the award recognizes the
most promising projects with the potential to become trendsetters in the
global energy sector.
Mr. John A. Conklin, President and CEO of New Energy Technologies, Inc.
stated, “This recognition reflects the tremendous efforts of our
researchers and development team in advancing our SolarWindow™
technology recently. We look forward to further innovations and
unveiling our next-generation prototypes to the world early in 2014.”
The Company has made numerous advancements to its prototype see-through
solar technology for generating electricity on glass and flexible
plastics, including: achieving faster fabrication time, improved
transparency and device design and architecture. The technology is
produced using low-cost manufacturing methods, and is capable of
remaining see-through while generating electricity using both natural
and artificial light sources, and has been engineered to be
architecturally neutral and aesthetically-pleasing.
New Energy Technologies is preparing to unveil the Company’s
next-generation, high performance SolarWindow™ prototypes with
never-before-released photos and multi-media content within the first
quarter, 2014. The Company is awaiting performance results for its
latest high-performance prototypes from an accredited independent
Photovoltaic Testing Lab measuring electrical performance of
photovoltaic cells. Upon receipt of the Lab’s Performance Test Report,
the Company anticipates announcing unveiling dates and additional
information regarding the technology in future announcements.
Currently under development for eventual commercial deployment in the
estimated 85 million commercial buildings and detached homes in America,
SolarWindow™ is the subject of forty-two (42) patent filings and is the
world’s first-of-its-kind see-through technology capable of generating
electricity on glass windows and flexible plastics; and a planned
‘building integrated photovoltaic’ (BIPV) technology. BIPV products are
expected to achieve compound annualized growth of 41%-plus through 2016,
according to Pike Research.
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 enable see-through windows to
generate electricity by ‘spraying’ their glass surfaces with New
Energy’s electricity-generating coatings – the subject of 42 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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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.
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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