Date: 31 October 2013
John A. Conklin, President and CEO of New Energy Technologies, Inc. “The first-ever public demonstration of our next-generation prototype and its electricity-generating capabilities is the result of several important technical breakthroughs, over forty-two (42) patent filings, the collaboration of strategic partners, and ongoing support and financing by our loyal shareholders and lead investors.”
Today’s announcement follows this month’s successful $3 million financing by principal investor, Kalen Capital Corporation, and news of Company researchers achieving faster fabrication time, improved transparency, and a two-fold increase in power conversion efficiency using New Energy’s novel spray applications. Researchers have also engineered an improved device design and architecture, and reported greater transparency.
As a result, the Company recently announced expanded applications of its electricity-generating coatings to high-value applications such as aircraft bodies, associated hardware, and pilot flight suits for producing reliable, low-cost, light-weight ancillary and emergency power.
SolarWindow™ is now the subject of forty-two (42) US and International patent filings. The technology is produced using low-cost manufacturing methods, and is capable of remaining see-through and light-weight while generating electricity using both natural and artificial light sources, as well as in shaded conditions at all times of the year. In contrast, conventional solar photovoltaic (PV) technologies can be heavy and bulky, and typically require expensive manufacturing processes. Today’s typical solar PV products are impossible to see through, with opaque surfaces which only work efficiently when exposed to direct (or near direct) sunlight during optimal weather conditions.
Currently under development for eventual commercial deployment in the estimated 85 million commercial buildings and detached homes in America, SolarWindow™ is the subject of forty-two (42) patent filings and is the world’s first-of-its-kind see-through technology capable of generating electricity on glass windows and flexible plastics; and a planned ‘building integrated photovoltaic’ (BIPV) technology. BIPV products are expected to achieve compound annualized growth of 41%-plus through 2016, according to Pike Research.
New Energy’s high-performance working SolarWindow™ prototype will be publicly unveiled within the upcoming calendar quarter, 2014. The Company anticipates that unveiling dates, venue, and additional information regarding the technology will be available before year-end, 2013.
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