|By Business Wire||
|May 8, 2014 09:15 AM EDT||
New Energy Technologies Inc. (OTCQB: NENE), developer of see-through SolarWindow™ coatings, capable of generating electricity on glass and flexible plastics, today announced that its technology has set a new record for generating electricity while remaining see-through with over 50% greater power than prior attempts publicized by others.
Electricity-Generating SolarWindow™ Module, Being Developed in Architecturally-Neutral Colors (Photo: New Energy Technologies, Inc.)
Using today’s certified power-production data, Company engineers estimate that a SolarWindow™ installation on a fifty (50) story commercial building located in Florida 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.
Additional total power production and carbon-offset estimates for skyscraper and tall tower installations are currently being calculated by engineers for public review using today’s validated SolarWindow™ performance results.
The Company’s announcement is based on results of independent testing and certification of its SolarWindow™ modules by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL). Based on this newly validated data from the high-performance modules unveiled on March 26, 2014, New Energy’s review of prevailing published literature and scientific reports confirmed that SolarWindow™ modules outperform publicized devices of comparable architecture, size, and design by over 53% in terms of power production – a major achievement and new record. The Company’s certified, high-performance module is the most efficient organic photovoltaic (OPV) module ever measured by NREL’s Device Performance Measurement Laboratory.
Typically, OPV performance tests are conducted on small ‘lab-scale’ devices, which generally measure only 1 square inch (in2) or smaller due to the challenging nature of OPV scale-up for see-through (semi-transparent) devices. New Energy’s latest, high-performance SolarWindow™ module measures 36 in² (232 square centimeters or cm2).
“We’ve long been confident that our SolarWindow™ modules are more power efficient and larger than any other like-technology. Now, our target customers - engineers, glass companies, architects, and building developers - know this to be the case,” announced Mr. John A. Conklin, President and CEO of New Energy Technologies, Inc.
“We are engineering our see-through SolarWindow™ products to generate sustainable electricity, and be aesthetically attractive, while being developed at a cost which makes economic sense to our customers,” continued Mr. Conklin. “We also remain mindful of ease-of-manufacturing, scale-up of size, and overall environmental benefits – all important considerations for our potential customers and future commercial partners in the commercial buildings sector.”
Company engineers envision installing SolarWindow™ on the vast areas of tinted glass surfaces on commercial buildings. In contrast, conventional solar power systems are limited to very small rooftop areas on skyscrapers and tall towers, which are already crowded with service systems such as HVAC services and elevators; tenant-amenities such as rooftop gardens and pools; and other high-footprint features.
“We’ve worked hard to achieve both large-scale and high power conversion efficiency,” explained Dr. Scott Hammond, Principal Scientist at New Energy Technologies, Inc. “Our record-breaking SolarWindow™ module is the result of various methods of fabrication and materials, which have helped us overcome numerous challenges unique to our OPV device technology. I’m grateful for the support of the talented scientific team at NREL, who have helped us achieve this very significant milestone.”
The Company’s high-performance, large-area SolarWindow™ has been fabricated through the efforts of New Energy’s Principal Scientist, Dr. Scott Hammond, in collaboration with NREL Researchers, particularly Dr. Maikel van Hest, Dr. Dana C. Olson, and Dr. Scott Mauger.
“As NREL researchers, part of our mandate is to help companies move their renewable energy technologies closer to commercialization,” explained Dr. Maikel van Hest, Senior Scientist at NREL. “It’s wonderful to contribute to breakthroughs such as this latest achievement, an important step in commercialization of their technology.”
NREL is among the world’s most respected and advanced solar-photovoltaic research institutions, and over its 37-year history has been credited for ground-floor support of many of the commercial technologies employed by today’s renewable energy industries.
NREL and New Energy have been working through a Cooperative Research and Development Agreement to advance the Company’s SolarWindow™ technology for generating electricity on glass windows. The NREL Device Performance Measurement Laboratory is the premier U.S. Department of Energy research laboratory for testing performance of commercial, developmental, and research photovoltaic (PV) devices. The Device Performance group is one of only two laboratories in the world to hold an International Organization for Standardization (ISO) 17025 accreditation for primary reference cell and secondary module calibration, in addition to accreditation for secondary reference cell calibration under American Society for Testing Materials (ASTM), and International Electrotechnical Commission (IEC) standards.
SolarWindow™ researchers have rapidly developed the Company’s technology from its early beginnings as a tiny, experimental lab device to a first-of-its-kind, see-through glass window capable of generating electricity. Today, the technology is the subject of forty-two (42) patent filings, and researchers are on track to advance SolarWindow™ towards full-scale commercial manufacturability – a near term goal.
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 federal government estimates that by catalyzing private sector investments in commercial and industrial building energy upgrades, may make America’s buildings 20 percent more efficient over the next decade, reducing energy costs for American businesses by nearly $40 billion.
To view additional photographs of our latest, high performance SolarWindow™ modules, click here.
About New Energy Technologies, Inc.
New Energy Technologies, Inc., together with its wholly owned subsidiaries, is a developer of next generation alternative and renewable energy technologies. Among the Company’s technologies under development are:
- MotionPower™ roadway systems for generating electricity by capturing the kinetic energy produced by moving vehicles – a patent-pending technology, the subject of 59 US and International patent applications. An estimated 250 million registered vehicles drive more than six billion miles on America’s roadways, every day; and
- SolarWindow™ technologies, which generates electricity on see-through glass and flexible plastics with colored tints popular to skyscraper glass. Unlike conventional systems, SolarWindow™ can be applied to all four sides of tall towers, generating electricity using natural and artificial light conditions and even shaded areas. SolarWindow™ uses organic materials, which are dissolved into liquid, ideal for low-cost high-output manufacturing. New Energy’s SolarWindow™ is the subject of 42 patent applications.
Through established relationships with universities, research institutions, and commercial partners, we strive to identify technologies and business opportunities on the leading edge of renewable energy innovation. Unique to our business model is the use of established research infrastructure owned by the various institutions we deal with, saving us significant capital which would otherwise be required for such costs as land and building acquisition, equipment and capital equipment purchases, and other start-up expenses. As a result, we are able to benefit from leading edge research while employing significantly less capital than conventional organizations.
For additional information, please call Ms. Briana L. Erickson toll-free at 1-800-213-0689 or visit: www.newenergytechnologiesinc.com.
To receive future press releases via email, please visit: http://www.newenergytechnologiesinc.com/investor_alert.
To view the full HTML text of this release, please visit: http://www.newenergytechnologiesinc.com/NENE20140508.
For media inquiries, please contact Jerry Schranz at [email protected], or visit our Media Relations page for additional contact information: http://www.newenergytechnologiesinc.com/media_relations.
For answers to frequently asked questions, please visit our FAQs page: http://www.newenergytechnologiesinc.com/investors/faqs.
Legal Notice Regarding Forward-Looking Statements
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 New Energy Technologies, Inc. (the “Company” or “New Energy 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 New Energy 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.
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, will explain the best practices of continuous testing at high scale, which is r...
Mar. 30, 2015 02:00 PM EDT Reads: 2,015
Modern Systems announced completion of a successful project with its new Rapid Program Modernization (eavRPMa"c) software. The eavRPMa"c technology architecturally transforms legacy applications, enabling faster feature development and reducing time-to-market for critical software updates. Working with Modern Systems, the University of California at Santa Barbara (UCSB) leveraged eavRPMa"c to transform its Student Information System from Software AG's Natural syntax to a modern application lev...
Mar. 30, 2015 01:00 PM EDT Reads: 1,028
DevOps is all the rage these days and with good reason as it promises to reduce the time-to-market for new applications. It also promises to improve change management, allowing teams to deploy changes to their applications quickly and efficiently. However, DevOps isn’t something you buy, install, or implement; rather it is the symptom of an appropriate organizational system. In his session at DevOps Summit, Mark Thiele, EVP, Data Center Technologies at SUPERNAP International, will discuss how ...
Mar. 30, 2015 01:00 PM EDT Reads: 1,428
Plutora provides enterprise release management and test environment SaaS solutions to clients in North America, Europe and Asia Pacific. Leading companies across a variety of industries, including financial services, telecommunications, retail, pharmaceutical and media, rely on Plutora's SaaS solutions to orchestrate releases and environments faster and with integrity. Products include Plutora Release Manager, Plutora Test Environment Manager and Plutora Deployment Manager.
Mar. 30, 2015 12:15 PM EDT Reads: 1,618
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on T...
Mar. 30, 2015 12:00 PM EDT Reads: 1,483
Hosted PaaS providers have given independent developers and startups huge advantages in efficiency and reduced time-to-market over their more process-bound counterparts in enterprises. Software frameworks are now available that allow enterprise IT departments to provide these same advantages for developers in their own organization. In his workshop session at DevOps Summit, Troy Topnik, ActiveState’s Technical Product Manager, will show how on-prem or cloud-hosted Private PaaS can enable organ...
Mar. 30, 2015 12:00 PM EDT Reads: 1,311
Mar. 30, 2015 11:45 AM EDT Reads: 1,524
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Ras...
Mar. 30, 2015 11:00 AM EDT Reads: 2,135
SYS-CON Events announced today that SafeLogic has been named “Bag Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SafeLogic provides security products for applications in mobile and server/appliance environments. SafeLogic’s flagship product CryptoComply is a FIPS 140-2 validated cryptographic engine designed to secure data on servers, workstations, appliances, mobile devices, and in the Cloud....
Mar. 30, 2015 11:00 AM EDT Reads: 1,482
SYS-CON Events announced today that the DevOps Institute has been named “Association Sponsor” of SYS-CON's DevOps Summit, which will take place on June 9–11, 2015, at the Javits Center in New York City, NY. The DevOps Institute provides enterprise level training and certification. Working with thought leaders from the DevOps community, the IT Service Management field and the IT training market, the DevOps Institute is setting the standard in quality for DevOps education and training.
Mar. 30, 2015 10:30 AM EDT Reads: 1,179
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting we...
Mar. 30, 2015 10:00 AM EDT Reads: 1,453
SYS-CON Events announced today the DevOps Foundation Certification Course, being held June ?, 2015, in conjunction with DevOps Summit and 16th Cloud Expo at the Javits Center in New York City, NY. This sixteen (16) hour course provides an introduction to DevOps – the cultural and professional movement that stresses communication, collaboration, integration and automation in order to improve the flow of work between software developers and IT operations professionals. Improved workflows will res...
Mar. 30, 2015 10:00 AM EDT Reads: 1,698
Even though it’s now Microservices Journal, long-time fans of SOA World Magazine can take comfort in the fact that the URL – soa.sys-con.com – remains unchanged. And that’s no mistake, as microservices are really nothing more than a new and improved take on the Service-Oriented Architecture (SOA) best practices we struggled to hammer out over the last decade. Skeptics, however, might say that this change is nothing more than an exercise in buzzword-hopping. SOA is passé, and now that people are ...
Mar. 30, 2015 10:00 AM EDT Reads: 1,315
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch ...
Mar. 30, 2015 09:15 AM EDT Reads: 2,245
The WebRTC Summit 2014 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
Mar. 30, 2015 09:00 AM EDT Reads: 1,634