New Energy Expands Advisory Board to Advance Technologies to Generate Electricity from Vehicles in Motion
Engineer, technology expert and successful executive, Mr. John Beakes, Jr., joins advisory board to advance Company’s MotionPower™ technologies for generating electricity from vehicles in motion.
Washington, DC – April 20, 2009 – New Energy Technologies, Inc. (Symbol:NENE),a next-generation alternative and renewable energy developer, today announced the appointment of Mr. John Beakes, Jr. to its Advisory Board, in order to further advance the development of the Company’s recently prototyped MotionPower™ technology for generating electricity from otherwise wasted energy from cars in motion.
Mr. Beakes has many years of experience in engineering projects, and is a proven business executive, having previously served as President and Co-Founder of RWD Technologies, Inc. and Executive Vice President and Chief Operating Officer of General Physics Corporation. Mr. Beakes’ assignments at both General Physics and RWD Technologies were during their formative periods, and he was involved in senior leadership positions as the organizations grew to greater than 1,000 employees, expanded to international markets, and had successful Initial Public Offerings.
A former Officer in the United States Navy’s nuclear submarine force, Mr. Beakes holds a M.S. degree in Environmental Engineering and B.S. with concentration in Nuclear Science.
“I am pleased to welcome Mr. Beakes to our team,” stated Meetesh V. Patel, Esq., President and CEO of New Energy Technologies, Inc. “Recently, we announced development of our early MotionPower™ technology prototype. Now it’s time to propel our MotionPower™ energy harvesting technology along the advanced prototyping and commercialization pathway, and I’m confident that John’s engineering experience and business savvy will help us do so.”
Recently, New Energy Technologies, Inc. announced that engineers have successfully engineered and built the Company’s first prototype MotionPower™ energy harvesting device – a novel, modular, mechanical system, engineered to exploit the energy traditionally wasted by moving cars and light vehicles in order to generate electricity. Engineers are in the process of further optimizing the efficiency of the MotionPower™ device in preparation for installations at high traffic locations such as toll booths, traffic intersections, rest areas, travel plazas, border crossings, and neighborhoods with traffic calming zones.
The device has been engineered to be easy to manufacture and be resistant to damage from weather, vehicles, and road debris. Moreover, the prototype’s modular design allows for ease of installation and maintenance and also provides installers with the flexibility of shortening or lengthening the MotionPower™ energy harvester in order to customize the system based on site conditions while maximizing power output.
Once installed, engineers anticipate that MotionPower™ devices may be used to augment or replace conventional electrical supplies for powering roadway signs, street and building lights, storage systems for back-up and emergency power, and other electronics, appliances, and devices in homes and businesses.
“With nearly 250 million cars travelling America’s roadways, our MotionPower™ technology could serve as a clean source of valuable electricity. This is a transformational technology and I’m excited to see it move towards advanced development and commercialization with Mr. Beakes assistance,” concluded Mr. Patel.
Mr. John Beakes, Jr: Proven Executive, Business Strategist & Engineer
Mr. Beakes earned his M.S. degree in Environmental Engineering from Johns Hopkins University and his B.S. degree with a concentration in Nuclear Science from the United States Naval Academy.
After serving as an Officer in the United States Navy’s nuclear submarine force, in 1974 Mr. Beakes joined General Physics Corporation during its formative years, and served in positions of increasing responsibility as the company grew from a startup organization that was narrowly focused on nuclear power plant training to a diversified technical services firm providing training, operations and engineering services to a wide variety of industry and government customers. He was promoted to Executive Vice President and Chief Operating Officer in 1986, and led its operations while it grew to 1,800 employees.
In 1988, Mr. Beakes co-founded RWD Technologies and served as its President and Chief Operating Officer as it grew to be a 1,200 person, diversified, global technical services firm. He retired from RWD at the end of 2000. He presently serves as Chairman of the Boards of Next Century Corporation and Exemplary Performance, LLC; as an Executive Vice President of General Physics Corporation; and as President of Operational Performance Solutions, Inc. In each of these assignments, Mr. Beakes focuses on providing experienced input on corporate strategy, technology assessment, and business expansion.
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.
For additional information, please call Ms. Briana L. Erickson toll free at 1-800-213-0689 or visit:
To receive future press releases via email, please visit:
To view the full HTML text of this release, please visit:
For answers to frequently asked questions, please visit our FAQs page:
Social Media Disclaimer
nvestors and others should note that we announce material financial information to our investors using SEC filings and press releases. We use our website and social media to communicate with our subscribers, shareholders and the public about the company, SolarWindowTM technology development, and other corporate matters that are in the public domain. At this time, the company will not post information on social media that could be deemed to be material information unless that information was distributed to public distribution channels first. We encourage investors, the media, and others interested in the company to review the information we post on the company's website and the social media channels listed below:
* This list may be updated from time to time.
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.