New Energy Announces Commercial & Military Aircraft Applications for its See-Through Coatings Able to Generate Electricity

Columbia, MD, September 9, 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 expanded the use of its SolarWindow™ coatings to include two new product lines. These products are the result of several new inventions — the subject of seven (7) new patent filings — for commercial and military aircraft, and the safety and security of military pilots.

“These product developments allow us strategic entry into flight function and safety, and aircraft power while maintaining focus on the ongoing development of SolarWindow™”, stated Mr. John A. Conklin, President and CEO of New Energy Technologies, Inc. “These are the kinds of products which position the Company as a world-class innovator, using our see-through electricity-generating coatings in high-value applications.”

Aircraft and pilots represent prized, capital intensive resources in both military and commercial sectors. In the United States, nearly $400 billion is slated for the F-35 Joint Strike Fighter program alone, with approximately $1 trillion in projected maintenance costs for the jets. According to a recent report in the Los Angeles Times, the US Air Force estimates that it costs taxpayers about $6 million to train each fighter pilot. Today’s popular commercial aircraft such as DC-9 and 747 models can cost anywhere from $40 – $360 million; a single United Airlines order accounted for nearly $15 billion in 2012.

Stock Image of Fighter Pilot and Aircraft Canopy

Aircraft windows and fuselage surfaces, and related components; and pilot flight suits, helmets, and visors are among target surfaces included in New Energy’s latest inventions to make use of the Company’s electricity-generating SolarWindow™ coatings. The production of electricity on such surfaces and materials is possible when researchers lightly tint their surfaces with New Energy’s flexible organic, electricity-generating coatings. The result is aesthetically pleasing see-through surfaces, which can have uniquely tailored properties, that generate electricity.

“Unlike traditional PV, New Energy’s SolarWindow™ coatings produce electricity from both natural sunlight and artificial light sources, and the system continues to produce power in low-light or shaded conditions,” explained Dr. Scott Hammond, Principal Scientist of New Energy Technologies, Inc. “Given unknown and uncertain conditions a downed pilot or compromised aircraft could encounter, the Company’s SolarWindow™ technology is an attractive potential source of emergency electricity that could aid in pilot or passenger survival and recovery.”

Researchers envision applying SolarWindow™ coatings to pilot safety equipment, thus providing much-needed ultra-lightweight emergency power to downed pilots. Researchers further anticipate that supplementary power production from SolarWindow™ coatings could reduce the size and weight of ancillary power systems aboard today’s aircraft, potentially improving fuel consumption while increasing usable aircraft space.

Conventional solar-photovoltaic (PV) technologies are generally heavy, thick, opaque, and rigid. New Energy’s electricity-generating coatings are ultra-thin (less than the thickness of the human hair) and inherently lightweight and flexible, which potentially allows unique applications for moving and non-planar surfaces such as aircraft components, flight suits, and helmets and visors – the subjects of various new inventions and seven (7) new patent filings announced today.

The Company’s IP Portfolio for the world’s first-of-its-kind technology capable of generating electricity on see-through glass windows and plastic, SolarWindow™, and today’s new product development inventions are the subject twenty-one (21) US and International patent filings.

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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