New Energy Technologies Inc. (OTCQB: NENE), developer of see-through SolarWindow™ coatings, capable of generating electricity on glass and flexible plastics, today made public never-before-seen images of the Company’s largest area, high-performance SolarWindow™ arrays. These SolarWindow™ arrays measure over 232 cm 2 – a significant achievement for size, improving upon New Energy’s previous achievements at the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), and produced with highly-uniform, colored tints preferred by commercial window manufacturers for installation on skyscrapers, worldwide.
SolarWindow™ Transparency, Color, and Uniformity on Track for Commercialization“We continue to meet and exceed our device design, architecture, uniformity, color, and transparency development goals,” continued Mr. Conklin. “Accomplishing these goals allows us to now advance towards larger area, commercial scale windows while maintaining uniform, neutral colors and scalable power.” Architecturally neutral colors and scalable power are important to achieving the Company’s near-term commercial objective, its development of electricity-generating windows for skyscrapers. Engineers envision replacing today’s passive glass windows with New Energy’s electricity-generating SolarWindow™ systems on all four sides of tall towers – such installations could contribute to the goal of self-powered skyscrapers. The prospect of applying SolarWindow™ to all four sides of a building provides a significant advantage over conventional photovoltaic solar-power systems. New Energy’s SolarWindow™ is capable of operating in both direct, diffuse, and shaded sunlight conditions; conventional systems suffer large efficiency losses, if able to work at all, under such conditions. SolarWindow™ also generates electricity from both natural and artificial light sources such as fluorescent, light emitting diodes (LED), and incandescent lights in offices; conventional systems become less efficient under these conditions, and again, may not work at all. Unlike traditional building-applied photovoltaic (PV) systems, restricted to use in direct sunlight on very limited skyscraper rooftop space, SolarWindow™ is designed to operate in sunlight and shaded conditions on the many thousands of square feet of glass surfaces common to today’s high-rise towers – a game-changing advantage. In comparison to conventional crystalline and thin-film PV technologies, New Energy’s SolarWindow™ has numerous advantages:
- Designed to generate electricity on glass, enhancing the performance of today’s insulated commercial windows;
- See-through, with high level of ‘visible light transmission’;
- Offers popular color choices while maintaining see-through qualities;
- Capable of producing power in direct sunlight and shaded or low natural light conditions;
- Able to generate significant electricity from both natural and artificial light;
- Does not require expensive high-temperature or high-vacuum production techniques inherent to conventional solar;
- Constructed using organic materials (polymers), which can be dissolved into liquid form and applied to a variety of surfaces such as flexible plastics and glass; and
- Suited for manufacture using high-speed and high-volume systems such as roll-to-roll or large area sheet-to-sheet processes.
SolarWindow™ researchers have rapidly developed the Company’s technology from its early beginnings as a tiny, experimental lab device to a first-of-its-kind, spray-on, see-through, glass window capable of generating electricity. Today, the technology is the subject of forty-two (42) patent filings, and researchers are on track to advance SolarWindow™ towards full-scale commercial manufacturability – a near term goal.- Historical Development Images of SolarWindow™ Since Inception Can Be Viewed By Clicking Here - 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 federal government estimates the U.S. can save $40 billion annually by reducing energy use in commercial buildings by 20 percent by 2020. 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 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.
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/NENE20140326. For media inquiries, please contact Jerry Schranz at firstname.lastname@example.org, 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.