Burtonsville, MD – September 23, 2009 – New EnergyTechnologies, Inc. (Symbol: NENE), a next-generation alternative and renewable energy developer, today announced that successful prototyping and testing of its MotionPower™ technology for generating electricity from the movement of heavy trucks and long-haul vehicles has prompted immediate development of a full-scale system suitable for field testing, and ultimately, commercial deployment.
The Company’s MotionPower™-‘Heavy’ system for heavy vehicles has been engineered to generate electricity while addressing utility demands and commercial considerations unique to large vehicles, including minimizing payload disruption, ensuring passenger comfort, and making special allowances for integration of the system at commercial trucking sites such as ports, weigh scales, border crossings, and central distribution sites.
Heavy-duty trucks have up to 25 times more kinetic energy than a typical car traveling at the same speed. New Energy engineers have developed the MotionPower™-Heavy technology as a fluid-based system, uniquely capable of drawing significant amounts of energy from a single vehicle without jarring its payload or creating passenger discomfort. The efficient transfer of energy from heavy vehicles to the MotionPower™-Heavy system ensures greater electricity production and easier device adoption.
The Company’s new MotionPower™-Heavy technology for generating electricity from the motion of heavy vehicles and big rigs is being developed alongside New Energy’s MotionPower™-‘Auto’ system for cars and light trucks, recently tested for durability during the Labor Day long weekend at Burger King® in Hillside, NJ.
“A few days ago, we announced that testing of our MotionPower™-Auto system for cars and light trucks has enabled engineers to make significant enhancements to that system, including the ability to increase power output and durability while lowering maintenance costs and size,” explained Mr. Meetesh V. Patel, Esq., President and CEO of New Energy Technologies, Inc.
“Today, I’m proud to announce that prototype test results of our MotionPower™-Heavy technology for generating electricity from the motion of heavy trucks and long haul vehicles have similarly produced encouraging outcomes. As a result, engineers have immediately begun development of a field-ready, full-scale MotionPower™ system for heavy trucks, designed to fully exploit the tremendous kinetic energy of moving big rigs.”
New Energy’s full scale MotionPower™ system capable of generating electricity from heavy trucks will be highly-scalable, have a low part count, and will feature smooth energy capture with minimal payload disruption.
Engineers anticipate retaining the overall architecture validated in ongoing tests of the small-scale prototype, while incorporating additional engineering appropriate for high loads, repeated load cycles, and extended outdoor exposure – all important considerations for field-deployment of the full-scale MotionPower™ system for heavy trucks.
Click here to view a video of a small scale first-generation prototype of New Energy’s MotionPower™ Heavy Vehicle Energy Harvesting System:
http://www.newenergytechnologiesinc.com/motionpowerheavyvehicleprototype.html
About SolarWindow Technologies, Inc.
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.
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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.