New Energy Provides Update on Development of MotionPower Systems, Able to Generate Electricity from Motion of Cars and Trucks 9
Columbia, MD – January 18, 2011 – New Energy Technologies, Inc. (OTCBB: NENE), a developer of next-generation alternative and renewable energy technologies, is pleased to report that its engineering teams are continuing the development of the Company’s first-of-its-kind MotionPower™ systems for generating electricity by capturing otherwise wasted kinetic energy of decelerating cars and trucks, such…