New Energy Strengthens Patent Portfolio in Effort to Commercialize First-of-their-Kind Technologies for Generating Clean Electricity
Columbia, MD – December 19, 2011 – New Energy Technologies, Inc. (OTCQB: NENE) today announced that significant advancements to the Company’s first-of-their-kind systems for generating sustainable electricity have prompted more than 33 new international and US patent filings in 2011, bolstering its portfolio to 43 patent submissions to-date.
“Earlier this year, we took proactive steps to confidently escalate the development of our brand-new clean and sustainable energy technologies to a fast paced, deliberate path towards commercialization,” explained Mr. John A. Conklin, President and CEO of New Energy Technologies, Inc. “In so doing, we’ve worked to construct an increasingly deep foundation of intellectual property to help protect the many discoveries, inventions, methods, processes, and materials that our research and engineering teams have developed in our bid to advance these technologies towards product and commercial launch. The net result is the filing of several dozen patents this year.”
Today’s announcement follows the successful public demonstration of important technical, prototyping, and product development achievements related to New Energy’s novel technologies, namely:
- MotionPower™, a roadway embedded system which creatively captures and converts kinetic energy from decelerating vehicles into usable electricity; and
- SolarWindow™, capable of generating clean electricity on see-through glass windows, by making use of the energy of natural sunlight and artificial sources such as fluorescent and LED lighting typically installed in offices, schools, and commercial buildings.
SolarWindow™ – Turning Windows into See-Through Power Generators
New Energy’s SolarWindow™ successfully produced sufficient voltage to power lights and generated enough current to operate a mechanical device at a high-profile public demonstration attended by mainstream media, scientists, academics, industry participants, and investors. During the demonstration event, attendees witnessed SolarWindow™ not only generate electrical power from exposure to sunlight but also from artificial fluorescent light – an attribute unique to New Energy’s SolarWindow™.
Scientists developing SolarWindow™ achieved major research goals this year, resulting in the fabrication of New Energy’s first ever 1’X1’ prototype and the ability to make use of coating techniques which could allow for high-speed and high-volume manufacturing. Both steps are necessary to demonstrating commercial scalability.
SolarWindow™ inventions and discoveries include coatings which generate electricity while remaining see-through when sprayed onto glass and flexible plastics. This month, researchers discovered a new solution-coating technique for applying New Energy’s electricity-generating coatings onto glass windows; this process has already been demonstrated as compatible with roll-to-roll (R2R) high-speed and high-volume fabrication methods, potentially providing for very large-scale manufacturing.
In order to accommodate R2R commercial manufacturing, coatings must be suitable for application onto flexible materials and be capable of being applied consistently at high speeds. Earlier this year, New Energy researchers successfully applied the Company’s electricity-generating coatings onto flexible plastic (PET). Scientists anticipate that commercially developed electricity-generating flexible plastic could be deployed as tinted window film, which would remain see-through while generating electrical power.
In commercial applications, such as the building facades of office towers, engineers conservatively estimate that installation of New Energy’s SolarWindow™ could generate more than 300 percent energy savings over conventional rooftop solar photovoltaic (PV) systems. Key to maximizing energy production, SolarWindow™ can be applied to the extensive glass surfaces on commercial skyscrapers, an important advantage over conventional solar PV systems confined to installation on space-prohibitive rooftops.
By way of example, engineers modeling a 40-story building, similar to Tampa, Florida’s landmark 100 North Tampa estimate annual cost-savings of $40,000 to $70,000 when installing New Energy’s SolarWindow™ to exposed window facades. In contrast, mounting today’s popular poly-crystalline silicon modules on the rooftop produces only an estimated $20,000 in energy savings per year.
MotionPower™ – Driving Innovative Clean Energy Solutions
Last month, New Energy Technologies, Inc. and the City of Roanoke, VA successfully debuted the Company’s latest MotionPower™ technology advancements to nearly 6,000 visitors. As drivers slowed down or came to a stop, their vehicle tires depressed small rumble strip-like treadles, allowing for the capture of kinetic energy. This captured energy was converted to electricity, which powered a series of brightly illuminated lights displayed to drivers.
Engineering estimates show an optimized and installed MotionPower™ system experiencing a traffic pattern similar to the 6-hour debut event, could produce enough sustainable electricity to power lights for the average American home for an entire day.
The prospect of generating electricity from the motion of slowing vehicles is made possible by numerous patent developments. Among significant MotionPower™ technology advancements this year, is the ability to capture increasingly greater kinetic energy from slowing vehicles without creating driver or passenger discomfort, and the capacity to convert a greater amount of this captured energy into electricity. Engineers also developed higher performance, more durable, and less costly parts, materials, and components essential to reducing manufacturing costs while meeting commercial needs. Importantly, engineers continue to study and plan the design for new and improved methods for storing the electricity generated by MotionPower™.
Both MotionPower™ and SolarWindow™ technologies are under development for eventual commercial deployment.
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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