New Energy Technologies, Inc. (OTCQB: NENE), announced plans to advance the development of its patent pending MotionPower™ and SolarWindow™ technologies towards manufacturability, an important consideration for the eventual commercial launch of the company’s products.
Today’s announcement follows several technical and prototype achievements for both first-of-their-kind technologies for generating sustainable electricity. MotionPower™ is the Company’s first-of-its-kind system for generating electricity by capturing otherwise wasted kinetic energy of decelerating cars and trucks. The Company’s SolarWindow™ technology enables see-thru windows to generate electricity.
Recently, scientists developing SolarWindow™ achieved a major research goal, resulting in the fabrication of New Energy’s first ever 1’X1’ prototype – a necessary step for commercial scalability. Previously, researchers fabricated early stage working prototypes, advancing from 1"X1" to 4”X4” arrays, following a series of major scientific breakthroughs.
The next phase of SolarWindow™ development includes bolstering power conversion efficiency, power production, voltage and current. Engineering efforts include the development of technologies which allow for large scale application of New Energy’s electricity-generating coatings onto glass surfaces, using standard industrial manufacturing techniques.
Today’s announcement included the next phase of the Company’s commercial product development for its MotionPower™ technology, the subject of 18 patent filings. To-date, engineers have focused their efforts on: kinetic energy capture and conversion, the design of novel operational systems, strengthening the Company’s intellectual property portfolio, and the production of several working prototypes.
Among MotionPower™ engineering priorities disclosed today is the development of field-ready, manufacturable systems capable of generating electricity from the motion of vehicles. Specifically, engineering efforts include: maximizing the capture of kinetic energy, increasing electrical power output, and developing technologies for storage and distribution of the electricity generated by MotionPower™.
“Today’s announcement is the result of our ongoing efforts to aggressively advance SolarWindow™ and MotionPower™ from early discovery through prototyping, and of course, now towards commercial products,” explained Mr. John A. Conklin, President & CEO of New Energy Technologies, Inc.
There are nearly 85 million commercial buildings and single detached homes in America, according to the Energy Information Administration. New Energy’s SolarWindow™ technology is under development for commercial application in such buildings.
According to the US Department of Transportation, there are nearly 10 million heavy trucks, big rigs, and buses in America, driving almost 240 million miles each year. Engineers envision installation of MotionPower™-Heavy systems across the nation, at active warehousing-distribution centers, cargo loading areas, ports of entry, border crossings, toll booths, weigh scales, rest stops, and other sites where large commercial trucks, big rigs, and buses are required to slow down or come to a stop.