Columbia, MD – October 14, 2011 – New Energy Technologies, Inc. (OTCQB: NENE) today announced that the Company’s latest MotionPower™-Express system, capable of generating sustainable electricity from moving vehicles, will debut at a high-traffic volume convention, exhibition and cultural center in the Virginia this month.
“We conducted early field tests of MotionPower™ at Burger King®, the Four Seasons Hotel and Holiday Inn Express®. Since then, our engineering teams have worked long and hard to bolster power output, improve durability and enhance several key working features and electrical power production of our systems,” explained John A. Conklin, president and CEO of New Energy Technologies, Inc. “The result is our latest MotionPower™-Express technology, which will be publicly demonstrated for the first time ever, later this month.”
Today’s announcement marks the first in a number of scheduled events for New Energy’s MotionPower™ technologies, systems designed as roadway-based installations where vehicles are required to decelerate or stop. MotionPower™ assists vehicles in slowing down, and in the process of doing so, captures the slowing vehicle’s motion (kinetic) energy before it is otherwise lost as brake heat and friction, creatively converting this energy into ‘clean’, green electricity.
MotionPower™-Express is suited for installation where vehicles are traveling faster than 15 mph and are slowing-down before stopping, including: entertainment & amusement, and sports complexes; parking lots; border crossings; exit ramps; neighborhoods with traffic calming zones; rest areas; toll booths; and travel plazas.
The prospect of generating sustainable electricity from moving vehicles is made possible through the use of novel mechanical and fluid-driven technologies unique to New Energy’s MotionPower™ systems, the subject of 18 new patent filings.
Electricity is generated from the motion of big rigs, heavy trucks, and buses as they drive over the Company’s discreet, roadway embedded MotionPower™-Heavy system. Similarly, drivers of light-duty trucks, sport utility vehicles, motor homes, and small commercial vehicles generate sustainable electricity when activating New Energy’s MotionPower™-Express system – the subject of this month’s debut.
Once fully optimized and installed, engineers anticipate that MotionPower™ devices may be used to augment or replace conventional residential or commercial electrical supplies used to power roadway signs, street and building lights, emergency power storage systems and other electronics, appliances and devices used in homes and businesses.
More than 250 million vehicles are registered in America and an estimated six billion miles are driven on our nation’s roads every day. According to the U.S. Energy Information Administration nearly 70 percent of America’s electricity is generated by natural gas and coal. The environmental impact of greenhouse gas emissions and the rising cost of those non-renewable fuels, along with the potential doubling of global electricity consumption in the coming years, requires the urgent need for creative, sustainable methods of generating electricity. The prospect of sustainably converting vehicle motion and deceleration (vehicle energy) into electricity represents significant positive environmental impact and alternative energy opportunities.
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.
For additional information, please call Ms. Briana L. Erickson toll free at 1-800-213-0689 or visit: www.solarwindow.com.
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