New Energy Technologies, Inc. Provides Update on SolarWindow™ Development Activities

New Energy Technologies Inc. (OTCQB: NENE), developer of see-through SolarWindow™ coatings capable of generating electricity on glass and flexible plastics announced today that the Company is successfully progressing ongoing development of its SolarWindow™ devices and modules.

We’ve achieved significant research and development milestones, and remain sharply focused on commercializing our first-of-its-kind technology for generating electricity on glass windows,” explained Mr.John A. Conklin, President and CEO of New Energy Technologies, Inc.  “We’re especially encouraged by the excellent color and transparency of our electricity-generating glass modules, and power production estimates.”

Recently, the Company’s SolarWindow™ set a new record for generating electricity while remaining see-through. New Energy engineers calculate that SolarWindow™ modules modeled for installation on a 50-story building could conservatively produce at least ten times the electrical energy of conventional rooftop photovoltaic (PV) systems, and in some instances, exceed power performance by as much as 50-fold.

Using the Company’s proprietary power production model, engineers estimate that SolarWindow™ installed on a 50-story building could generate enough electricity to power at least 100 homes while eliminating the equivalent carbon emissions produced by vehicles driving approximately 2,750,000 miles per year. 

For example, SolarWindow™ modules modeling estimates for the city of Miami, Florida show SolarWindow™ modules could generate over 1.3 million kWh (kilowatt hours) of energy. Today’s rooftop systems could only generate from 28,000 to 102,000 kWh.

The Company envisions SolarWindow™ technology installations on the vast acres of tinted glass surfaces on commercial buildings, skyscrapers, and tall towers. In contrast, conventional solar power systems are limited to very small square-footage rooftops, which are already crowded with service systems.  Unlike conventional solar systems, New Energy’s SolarWindow™ can be applied to all four sides of tall towers, generating electricity using natural and artificial light conditions and even shaded areas.

SolarWindow™ is currently under development for eventual commercial deployment in the estimated 80 million detached homes in America and more than five million commercial buildings. The technology is the subject of 42 patent filings, and researchers are on track to advance SolarWindow™ towards full-scale commercial manufacturability – a near-term goal.

600450 New Energy Technologies, Inc. Provides Update on SolarWindow™ Development Activities
Date: 18 September 2014

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