Octillion Builds Intellectual Property Portfolio for Generating Electricity Using Wasted Energy from Moving Vehicles
Octillion files brand new patents after accelerating engineering efforts; Company on track as early commercial player for harvesting wasted kinetic energy to generate electricity.
Washington, DC – December 16, 2008 Octillion Corp. (Symbol: OCTL), a next-generation alternative and renewable energy technology developer, today announced that the Company has filed its initial set of patents with the United States Patent and Trademark Office, and is building an intellectual property portfolio related to the development of first-generation devices capable of generating electricity by harvesting wasted energy from vehicles in motion.
“Octillion’s timely development of intellectual property is an important step forward in advancing our transformational energy harvesting technologies towards prototyping, and ultimately, along the commercialization path,” explained Meetesh V. Patel, Esq., President and CEO of Octillion Corp. “I’m hopeful that our intellectual property portfolio will not only protect Octillion’s future commercial rights as inventor-developer of these technologies, but will further cement our position as an early inventor, innovator, and commercial player in using wasted energy to generate electricity.”
Octillion’s engineering teams have designed specific systems and patent-pending technologies to enable the successful capture of such wasted energy of vehicles in motion for converting it into electricity.
In particular, engineers have developed patent-pending technologies directed to systems, devices, and methods for harvesting energy from vehicles traveling along a traffic-way to generate useable electricity. The design anticipates highly efficient systems, able to continuously adapt to the characteristics of each vehicle in order to optimize the amount of energy captured from the vehicle, while concurrently minimizing or avoiding potentially undesirable effects on safety, comfort of vehicle occupants, and the stability of cargo.
Additionally, the systems take into account numerous vehicle design and vehicle behavior factors, such as variations in the size, speed, acceleration, axle configuration, or lane position of each vehicle, as well as considering whether a vehicle is slowing, stopping, or passing through the energy capture system.
Among key features of Octillion’s newly-unveiled, patent-pending energy capture systems, is the important ability to adaptively monitor or regulate the speed or acceleration (or deceleration) of vehicles traveling along the traffic-way. The systems are designed to be highly efficient, reliable, and resistant to damage from vehicles, road debris, or weather, as well as easily manufactured and practical.
“Our progress to-date is a direct result of combining out-of-the-box creative design with practical engineering. I look forward to aggressively leveraging the unique talent of our engineering groups as we move towards commercialization of this special technology for generating electricity in a brand new way,” concluded Mr. Patel.
Engineers envision that wasted kinetic energy from the movement of an estimated 6,000,000 trucks and 250,000,000 cars on America’s roadways could serve as a potentially viable source for generating valuable electricity, the fastest growing form of end-use energy in the world.
Analysts estimate that by 2030 the demand for electricity will increase in the United States by 50%, in China by 400% and in India by 600%.
SolarWindow Technologies, Inc. creates transparent electricity-generating liquid coatings. When applied to glass or plastics, these coatings convert passive windows and other materials into electricity generators under natural, artificial, low, shaded, and even reflected light conditions.
Our liquid coating technology has been presented to members of the U.S. Congress and received recognition in numerous industry publications. Our SolarWindow™ technology may generate 50-times the power of a conventional rooftop solar system and may achieve a one-year payback when installed on all four sides of a 50-story building, according to independently-validated power and financial modeling.
Power and Financial Model Disclaimer
The company's Proprietary Power Production & Financial Model (Power & Financial Model) uses photovoltaic (PV) modeling calculations, which are consistent with renewable energy practitioner standards for assessing, evaluating and estimating renewable energy for a PV project. The Power & Financial Model estimator takes into consideration building geographic location, solar radiation for flat-plate collectors (SolarWindow™ irradiance is derated to account for 360 degrees building orientation and vertical installation), climate zone energy use and generalized skyscraper building characteristics when estimating PV power and energy production, and carbon dioxide equivalents. Actual power, energy production and carbon dioxide equivalents modeled may vary based upon building-to-building situational characteristics and varying installation methodologies.
For additional information, please call Ms. Briana L. Erickson toll free at 1-800-213-0689 or visit:
To receive future press releases via email, please visit:
To view the full HTML text of this release, please visit:
For answers to frequently asked questions, please visit our FAQs page:
Social Media Disclaimer
nvestors and others should note that we announce material financial information to our investors using SEC filings and press releases. We use our website and social media to communicate with our subscribers, shareholders and the public about the company, SolarWindowTM technology development, and other corporate matters that are in the public domain. At this time, the company will not post information on social media that could be deemed to be material information unless that information was distributed to public distribution channels first. We encourage investors, the media, and others interested in the company to review the information we post on the company's website and the social media channels listed below:
* This list may be updated from time to time.
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 SolarWindow Technologies, Inc. (the "company" or "SolarWindow 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 SolarWindow 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.