New Energy More Than Doubles Patent Portfolio for Novel Technology Able to Generate Electricity on Glass Windows
Columbia, MD, July 17, 2013 – New Energy Technologies, Inc. (OTCQB: NENE), developer of the world’s first-of-its-kind, see-through technology capable of generating electricity on glass and flexible plastics, announced today that the Company has successfully achieved a total of 21 new patent filings for protection of its proprietary SolarWindow™ technology, more than doubling the portfolio in only 12 months.
“Our technology has the capacity to turn ordinary glass windows in America’s 5 million skyscrapers and commercial towers into power generators — a huge commercial opportunity,” explained Mr. John A. Conklin, President and CEO of New Energy Technologies, Inc.
“As we continue to make important strides towards commercial manufacturability of our SolarWindow™, it is becoming increasingly important to ensure that various patent protections are secured immediately.” New Energy’s patent filings include a combination of US and international jurisdictions, and cover various methods, materials, and product implementations.
Novel to the Company’s technology is its ability to generate electricity on various surfaces when electricity-generating coatings are sprayed or otherwise applied at room temperature, thus lowering production costs and manufacturing time.
Important SolarWindow™ Features
- Generating Electricity on Glass Windows and See-Through Films
- SolarWindow™ generates electricity and remains see-through on glass windows and plastics similar to commercially-available window tint films. Conventional ‘thin film’ and solar photovoltaic (PV) panels are dark and obscure, nearly impossible to see through.
- Spray-On Electricity-Generating Power Plants
- SolarWindow™ electricity-generating coatings can be applied using various low-cost production methods, and can even be sprayed on to glass and plastics. This cannot be achieved with traditional PV manufacturing methods.
- Lower Cost, Room Temperature Production
- SolarWindow™ processing can be performed at room (ambient) temperature and pressure, unlike conventional thin-film PV, which typically requires high temperature and pressure (high negative or high positive pressure) sensitive manufacturing methods that usually add to the high costs of currently-available PV production.
- Electricity from Artificial Light
- Most conventional PV systems rely on near direct exposure to natural sunlight. SolarWindow™ technology uses artificial light energy, such as fluorescent lighting typical in office buildings, as well as natural light energy to generate electricity, and is capable of producing electricity with indirect or low-light conditions.
- Shaded Exposures where Sunlight is Limited
- SolarWindow™ can be applied to all four sides of a building (including shaded areas) and operate during varying weather seasons, in low-light conditions, and from indirect sunlight, unlike current conventional solar PV technologies, which largely depends on near direct exposure to sunlight.
- Electricity-Generating Flexible Surfaces
- SolarWindow™ has been shown to generate electricity on flexible plastics, while today’s conventional PV competing technologies are thick and rigid and cannot be similarly applied.
Currently under development for eventual commercial deployment in the estimated 85 million commercial buildings and detached homes in America, SolarWindow™ is the subject of twenty-one (21) patent filings and is the world’s first-of-its-kind see-through technology capable of generating electricity on glass windows and flexible plastics.
To view a video introduction of New Energy Technologies’ SolarWindow™, please visit: http://www.newenergytechnologiesinc.com/media/gallery/solarwindow-sketch-video.
Stayed tuned for updates to our website featuring our new logos.
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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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.