Company Website:
http://www.NewEnergyTechnologiesInc.com
COLUMBIA, Md. -- (Business Wire)
Second graph, 2nd sentence of release dated October 29, 2013 should
read: ...over forty two (42) patent filings... (sted ...over twenty
patent filings...). Seventh graph should read: New Energy’s
high-performance working SolarWindow™ prototype will be publicly
unveiled within the upcoming calendar quarter, 2014. The Company
anticipates that unveiling dates, venue, and additional information
regarding the technology will be available before year-end, 2013. (sted
New Energy’s high-performance working prototype will be publicly
unveiled before year-end 2013. The Company will provide more information
about the Next Generation SolarWindow™ Unveiling Event location and
date, and performance features in the upcoming weeks.). Within "About
New Energy Technologies, Inc." boilerplate information, the third
hyperlink should read:
http://www.newenergytechnologiesinc.com/NENE20131030 (sted
http://www.newenergytechnologiesinc.com/NENE20131029).
The corrected release reads:
NEW ENERGY TO UNVEIL HIGH PERFORMANCE,‘NEXT GENERATION’
SOLARWINDOW ABLE TO GENERATE ELECTRICITY ON SEE-THROUGH GLASS
New Energy Technologies, Inc. (OTCQB: NENE), developer of SolarWindow™,
the world’s first-of-its-kind see-through technology capable of
generating electricity on glass and flexible plastics, has announced
plans to unveil the Company’s next generation, high performance
SolarWindow™ working prototype within the upcoming calendar quarter.
“Our next-generation SolarWindow™ has been engineered to deliver an
architecturally neutral, aesthetically-pleasing, solution-processable
coating technique for depositing see-through electricity-generating
coatings on to glass surfaces as a source of electricity to today’s
towers, offices, and commercial buildings,” stated Mr. John A. Conklin,
President and CEO of New Energy Technologies, Inc. “The first-ever
public demonstration of our next-generation prototype and its
electricity-generating capabilities is the result of several important
technical breakthroughs, over forty two (42) patent filings, the
collaboration of strategic partners, and ongoing support and financing
by our loyal shareholders and lead investors.”
Today’s announcement follows this month’s successful $3 million
financing by principal investor, Kalen Capital Corporation, and news of
Company researchers achieving faster fabrication time, improved
transparency, and a two-fold increase in power conversion efficiency
using New Energy’s novel spray applications. Researchers have also
engineered an improved device design and architecture, and reported
greater transparency.
As a result, the Company recently announced expanded applications of its
electricity-generating coatings to high-value applications such as
aircraft bodies, associated hardware, and pilot flight suits for
producing reliable, low-cost, light-weight ancillary and emergency power.
SolarWindow™ is now the subject of forty-two (42) US and International
patent filings. The technology is produced using low-cost manufacturing
methods, and is capable of remaining see-through and light-weight while
generating electricity using both natural and artificial light sources,
as well as in shaded conditions at all times of the year. In contrast,
conventional solar photovoltaic (PV) technologies can be heavy and
bulky, and typically require expensive manufacturing processes. Today’s
typical solar PV products are impossible to see through, with opaque
surfaces which only work efficiently when exposed to direct (or near
direct) sunlight during optimal weather conditions.
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.
New Energy’s high-performance working SolarWindow™ prototype will be
publicly unveiled within the upcoming calendar quarter, 2014. The
Company anticipates that unveiling dates, venue, and additional
information regarding the technology will be available before year-end,
2013.
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 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.
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/NENE20131030.
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.
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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