Columbia, MD – March 15, 2012 – New Energy Technologies, Inc. (OTCQB: NENE), a developer of innovative technologies for generating sustainable electricity, announces that Company and NREL scientists collaboratively developing New Energy’s SolarWindow™ technology – capable of generating electricity on see-through glass – have successfully collected and transported electricity using a virtually ‘invisible’ conductive wiring system developed for SolarWindow™. The ability to transport electricity on glass windows while remaining see-through is especially important to the eventual deployment of an aesthetically pleasing commercial product.
Currently under ongoing development, the conductive system’s ultra-fine grid-like pattern is deposited on to SolarWindow™ and is rendered virtually invisible when viewing objects through New Energy’s electricity-generating glass. Researchers anticipate that a fully functional system could help transport the electricity generated on glass surfaces, improving power, efficiency, and overall performance of the Company’s SolarWindow™.
Today’s announcement follows last month’s major breakthrough when Company and NREL scientists collaboratively developing New Energy’s SolarWindow™ technology successfully fabricated the largest-area organic photovoltaic (OPV) module produced at the United States Department of Energy’s National Renewable Energy Laboratory (NREL). Scientists developing New Energy’s SolarWindow™ technology fabricated a large area working module, more than 14-times larger than previous OPV devices fabricated at NREL.
NREL is among the world’s most respected and advanced solar-photovoltaic research institutions, and over its 35-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.
“It’s very exciting that we’ve not only achieved an important milestone with respect to the size of our SolarWindow™, but we are now able to confidently tackle two of the most important factors to eventual commercialization – the structure and transparency of the wiring system which transports the electricity generated on see-through glass, and overall performance,” explained Mr. John A. Conklin, President and CEO of New Energy Technologies, Inc.
The prospect of generating electricity on SolarWindow™ is made possible when researchers creatively layer and arrange unique, ultra-small see-through solar cells on to glass. Each of these cells are arranged in a network and interconnected by way of the ‘invisible’ grid-like wiring system, announced today. Until now, such systems used in early SolarWindow™ prototypes were relatively thick and bulky, and applied to glass in ways that obstructed light, prevented the absorbance of light energy necessary to produce electricity, and significantly reduced transparency.
The ‘invisible’ wiring system is especially important to the ongoing development of SolarWindow™, most notably allowing for more efficient collection and transport of electrons, both important for improving circuit current and overall efficiency. The system helps mitigate electrical ‘road-blocks,’ which restrict the flow of electrons with regions of high resistance, by creating a kind of low-resistance ‘highway’ for electron transport; without the benefit of a conductive grid system, resistive losses can significantly reduce power production. A fully functional and optimized system could improve the reliability of SolarWindow™ by providing a stable network of connections among each of the interconnected solar cells on the see-through glass.
“This technical accomplishment is an important advancement for our SolarWindow™, and alongside our recent advancements with size and scale, clearly illustrates the success our research teams have achieved in recent months,” concluded Mr. Conklin.
Researchers developing New Energy’s SolarWindow™ technology have achieved significant improvements to the transparency of their newly-unveiled grid-like system since unveiling the Company’s first-generation working prototype to a standing-room crowd of mainstream media, investors, academics, and commercial glass companies, over one year earlier.
Scientists demonstrated numerous features of New Energy’s SolarWindow™, including its ability to remain see-through while generating electricity. Features of SolarWindow™, both natural and artificial light were used in demonstrations to generate electricity.
At the demonstration event, scientists powered lights on a scale-model house by exposing New Energy’s see-through SolarWindow™ to artificial light from fluorescent lamps, mimicking lighting typically installed inside offices. In artificial light, SolarWindow™ technology outperforms today’s commercial solar and thin-films by as much as 10-fold under low-intensity irradiance.
Researchers then repeatedly opened and closed the boardroom’s window shades, successfully powering LED lights each time SolarWindow™ was exposed to natural light. This demonstration mimicked outdoor exposure such as sunlight on the exterior face of commercial buildings – New Energy’s initial target market and a promising early application of its technology.
Importantly, scientists at the event demonstrated SolarWindow’s ability to generate ‘voltage’ and ‘current’ necessary to power lighting and mechanical devices and appliances. In addition to lighting, scientists successfully powered the mechanical rotor blades of a small helicopter using only a single, small-scale SolarWindow™ prototype during their public demonstration.
Currently under development for eventual commercial deployment in the estimated 85 million commercial buildings and homes in America, SolarWindow™ is the world’s first-of-its-kind technology capable of generating electricity on see-through glass windows.
About National Renewable Energy Laboratory (NREL)
NREL is the U.S. Department of Energy’s primary national laboratory for renewable energy and energy efficiency research and development. NREL is operated for DOE by the Alliance for Sustainable Energy, LLC.
SolarWindow Technologies, Inc. is a developer of next generation, transparent electricity-generating SolarWindow™ coatings.
SolarWindow™ coatings generate 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; and is the subject of a patent pending technology.
The company’s Proprietary Power Production & Financial Model (Power & Financial Model) uses photovoltaic (PV) modeling calculations that 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 degree 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: www.solarwindow.com.
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
Investors 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.