New Energy Appoints Commercialization Expert, Mr. J. Brent Wilkinson, Chief Operating Officer
Burtonsville, MD – February 2, 2010 –New Energy Technologies, Inc. (OTCBB: NENE), developer of MotionPower™ technologies for generating sustainable electricity from the kinetic energy of moving vehicles and SolarWindow™ technologies capable of generating electricity on see-thru glass windows, today announced the appointment of Mr. J. Brent Wilkinson as Chief Operating Officer and Vice President of Corporate Development. Mr. Wilkinson is a 24-year veteran who has successfully grown several early-stage technology companies from concept to commercialization and revenues.
As CEO of Nexus Technology Group, Mr. Wilkinson grew the company from zero revenue into a multi-million dollar, award-winning business in two years. At Mielach Company, Mr. Wilkinson served as Chief Operating Officer where he increased the $20M/year manufacturing company’s profitability by 200%. Leading mergers and acquisitions for Precise Software, he closed several acquisitions valued over $50 million, and successfully quadrupled the profitability of one acquisition as its General Manager.
“I’m honored to welcome Brent to our team. He brings a unique expertise with building multi-million dollar commercial enterprises from new ventures, including in the energy and new technology sectors,” stated Mr. Meetesh V. Patel, Esq., President and CEO of New Energy Technologies, Inc. “Mr. Wilkinson’s arrival is especially timely in light of recent breakthroughs with New Energy’s SolarWindow™ technology and numerous advances with the prototypes of our MotionPower™ technologies.”
Recently, the Company announced significant breakthroughs in the development of its first-of-its-kind SolarWindow™ technology capable of generating electricity on see-thru windows. Researchers replaced ‘visibility-blocking’ metal with see-thru, environmentally-friendly compounds, and unveiled a novel, patent-pending process for ‘spraying’ solar cells onto glass – an achievement that could provide significant cost-savings, high-speed production, and room-temperature deposition.
Previously, the Company bolstered the patent protection of its MotionPower™ kinetic energy harvesting technology for generating electricity from the motion of vehicles. Engineers achieved a two-fold increase in the capacity of the MotionPower™-Heavy device to capture kinetic energy from the movement of heavy trucks, buses, and long haul rigs. Likewise, engineers also achieved a 25-fold increase the capacity to capture kinetic energy using the Company’s MotionPower™-Auto device to generate electricity from the movement of cars and light trucks in its most recent prototype.
“I am impressed by Mr. Patel’s early efforts in creating working prototypes for our technologies and am eager to now aggressively advance these innovative energy devices through the field testing, production engineering, and commercial launch phases,” explained Mr. Wilkinson, newly-appointed COO of New Energy.
Mr. J. Brent Wilkinson: Concepts to Commercialization
Mr. J. Brent Wilkinson is a seasoned professional with a breadth of development, operations and sales experience. As an executive and board-level advisor, he has led companies through transformational growth and product commercialization. His hands-on corporate development experience is extensive, spanning sales, marketing, operations, manufacturing, finance, mergers and acquisitions, research and development, and raising capital.
Early in his career, Mr. Wilkinson served as CEO of Nexus Technology Group, which he grew from zero revenue into a multi-million dollar, award-winning business in two years. As Chief Operating Officer for Mielach Company, Mr. Wilkinson increased the $20M/year manufacturing company’s profitability by 200%. Leading mergers and acquisitions for Precise Software, he closed several acquisitions valued over $50 million dollars, and successfully quadrupled the profitability of one acquisition as its General Manager.
Mr. Wilkinson’s leadership with technology companies spans beyond clean technologies, and includes computer software, financial services, management consulting, construction, and public utilities. In recent years, he has successfully implemented alternative energy initiatives such as LEEDS compliant solutions, which in turn, empower client-companies with Platinum and Gold Certifications. With another successful alternative energy initiative, he has helped develop revenue-generation plans for solar products and pursued fund-raising efforts.
Mr. Wilkinson graduated cum laude from Harvard College and earned his Master’s in Business Administration from Harvard Business School
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.
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