New Energy Expands with New Device for Generating Clean Electricity from Motion of Long-Haul Trucks & Buses
New Energy expands development of MotionPower™ devices for generating electricity from the motion of cars, with new fluid-driven systems able to generate electricity from long-haul trucks, buses and other large load-bearing vehicles.
Burtonsville, MD – June 8, 2009 – New Energy Technologies, Inc. (Symbol: NENE), a next-generation alternative and renewable energy developer, today announced that the Company is immediately expanding its product range of MotionPower™ technologies for harvesting the kinetic energy of moving vehicles to generate clean electricity.
Engineers have bolstered the Company’s product design and development efforts and are already well underway with building a brand new MotionPower™ system able to generate clean electricity from moving trucks, buses, and other large load-bearing vehicles. This new fluid-driven device augments the Company’s recently unveiled prototype of a modular, mechanical roadway device for generating electricity from the motion of cars and light trucks.
“In recent weeks, we have made important strides forward in our development of roadway kinetic energy harvesters for generating clean electricity,” explained Mr. Meetesh V. Patel, Esq., President and CEO New Energy Technologies, Inc. “We have successfully prototyped our energy capture system for cars and light trucks, are actively optimizing the device for installation at toll-booths, drive-thrus, and other applications, and filed nine new patents to protect our novel MotionPower™ technology.
“While these events mark significant early achievements for our Company, I’m most impressed by the encouraging engineering outcomes that have prompted us to expand our product development efforts to include the capture of kinetic energy from the motion of buses carrying passengers, long-haul rigs transporting cargo, and other load-bearing heavy vehicles.
“Our capacity to capture the kinetic energy of these heavy vehicles and light cars and truck driving billions of miles each day, marks a truly untapped commercial opportunity for New Energy to generate clean electricity in a brand new way,” concluded Mr. Patel.
Currently, nearly 70% of America’s electricity is generated by coal and natural gas, according to the U.S. Energy Information Administration. The environmental impact of greenhouse gas emissions and rising costs of these non-renewable fuels, along with the potential doubling of global electricity consumption in the coming years, clearly illustrate the urgent need for more creative, sustainable methods for generating electricity in the United States, the world’s largest consumer of electricity.
In response, New Energy engineers have developed MotionPower™ technologies, designed to generate ‘clean’ electricity by harnessing the kinetic energy of the estimated 250 million registered vehicles which drive more than 6 billion miles on America’s roadways every day.
Generating Clean Electricity from the Motion of Cars – and Now, Heavy Vehicles!
New Energy’s brand new fluid-driven MotionPower™ energy harvester for heavy trucks and vehicles compliments the Company’s recently-prototyped mechanical MotionPower™ system for cars and light trucks. Engineers are developing New Energy’s fluid-based energy harvesters for heavy vehicles with several key features, including:Large energy transfer from vehicles, which helps generate maximum electricity;
- Smooth energy transfer to ensure that the vehicle, driver, cargo, and passengers remain undisturbed when engaging the system;
- Optimal performance for a range of large vehicle sizes traveling at variable speeds;
- Flexibility of installation for both above-grade and in-road (embedded) applications;
- Scalable device which can be lengthened or shortened to meet installation requirements for each site;
- Limited number of moving or mechanical parts for ease of manufacturing, greater operating reliability, and lower maintenance and production costs;
- Unobstructed passage of small vehicles, bicyclists, and pedestrians over the device; and
- Unobtrusive visual impact.
Engineers have concluded early design efforts and are well underway with prototyping New Energy’s new fluid-driven energy harvester for trucks and heavy vehicles.
Meanwhile, New Energy’s first-generation MotionPower™ device has already been prototyped and configured as a modular, low-profile assembly, which can be mounted directly atop existing roadways with little or no modification to the roadway itself. MotionPower™ modules can be quickly installed and any components in need of replacement or repair can be quickly and easily changed without major construction work and accompanying delays to traffic. Above all, the unit’s modular design 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.
Engineers are actively optimizing the efficiency of New Energy’s MotionPower™ device for cars and light trucks, 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.
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.
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.