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. is a developer of next generation, transparent electricity-generating SolarWindow™ coatings.
SolarWindow™ coatings 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; and is the subject of a patent pending technology.
The company’s Proprietary Power Production & Financial Model (Power & Financial Model) uses photovoltaic (PV) modeling calculations that 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 degree 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.
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