University of South Florida Research Foundation grants New Energy exclusive, worldwide license for technologies to enable commercial development of SolarWindow™.
Burtonsville, MD – July 20, 2010 – New Energy Technologies, Inc. (OTCBB: NENE) is pleased to announce that researchers developing its proprietary SolarWindow™ technology have achieved major scientific and technical breakthroughs, allowing the Company to unveil a working prototype of the world’s first-ever glass window capable of generating electricity in the upcoming weeks.
Until now, solar panels have remained opaque, with the prospect of creating a see-thru glass window capable of generating electricity limited by the use of metals and various expensive processes which block visibility and prevent light from passing through glass surfaces.
New Energy’s ability to generate electricity on see-thru glass is made possible by making use of the world’s smallest working organic solar cells, developed by Dr. Xiaomei Jiang at the University of South Florida. Unlike conventional solar systems, New Energy’s solar cells generate electricity from both natural and artificial light sources, outperforming today’s commercial solar and thin-film technologies by as much as 10-fold.
Click here to view press release, announcing test results which show New Energy’s see-thru SolarWindow™ cells surpass thin-film and solar in artificial light:
http://www.newenergytechnologiesinc.com/NENE20090624.html
New Energy’s SolarWindow™ technology is under development for potential application in the estimated 5 million commercial buildings in America (Energy Information Administration) and more than 80 million single detached homes.
“We’re always keen to see innovations in our laboratories turn into meaningful commercial products,” stated Valerie McDevitt, Assistant Vice President for Research, Division of Patents and Licensing, University of South Florida. “We very much look forward to the commercial development of New Energy’s SolarWindow™ technology, which, if successful, could literally transform the way in which we view the use of solar energy for our homes, offices, and commercial buildings.”
The University of South Florida Research Foundation has licensed Dr. Xiaomei Jiang’s groundbreaking discovery and important commercial processes and applications to New Energy Solar Corporation, a wholly-owned subsidiary of New Energy Technologies, Inc.
“It’s very exciting to see that our ongoing research has led to several significant breakthroughs with transparency and the production of electricity on see-thru glass,” explained Mr. Meetesh V. Patel, President and CEO of New Energy Technologies, Inc. “For the first time ever, these advances have allowed us to develop an early-scale working prototype of the technology, which I very much look forward to unveiling in the upcoming weeks.”
In recent months, numerous technical milestones have been surpassed by researchers developing New Energy’s see-thru SolarWindow™ coatings, including:
- The use of the world’s smallest functional solar cells, measuring less than ¼ the size of a grain of rice, and shown to successfully produce electricity in a published peer-reviewed study in the Journal of Renewable and Sustainable Energy of the American Institute of Physics. Importantly, these cells generate electricity from both natural and artificial light sources, outperforming today’s commercial solar and thin-film technologies by as much as 10-fold;
- Development of a novel, patent-pending process to spray SolarWindow™ coatings onto see-thru glass using commercially available technologies (presented in AZoNano’s Journal of Nanotechnology Online; Dec. 20, 2009, “Nanotechnology Thought Leaders” series); and
Click here to view press release, announcing development of patent-pending technology to spray SolarWindow™ coatings onto see-thru glass:
http://www.newenergytechnologiesinc.com/NENE20100111.html
- The ability to spray SolarWindow™ coatings onto glass at room temperature, eliminating expensive high-temperature or high-vacuum production methods commonly used by current solar manufacturers.
About University of South Florida
The University of South Florida is one of the nation's top 63 public research universities and one of only 25 public research universities nationwide with very high research activity that is designated as community engaged by the Carnegie Foundation for the Advancement of Teaching. USF was awarded $380.4 million in research contracts and grants in FY 2008/2009. The university offers 232 degree programs at the undergraduate, graduate, specialist and doctoral levels, including the doctor of medicine. The USF System has a $1.8 billion annual budget, an annual economic impact of $3.2 billion, and serves more than 47,000 students on institutions/campuses in Tampa, St. Petersburg, Sarasota-Manatee and Lakeland. USF is a member of the Big East Athletic Conference.
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 nine patent applications in the United States and two international patent filings. An estimated 250 million registered vehicles drive more than six billion miles on America’s roadways, every day; and
- SolarWindow™ technologies which enable see-thru windows to generate electricity by ‘spraying’ their glass surfaces with the world’s smallest known solar cells. These solar coatings are less than 1/10th the thickness of ‘thin’ films and make use of the world’s smallest functional solar cells, shown to successfully produce electricity in a published peer-reviewed study in the Journal of Renewable and Sustainable Energy of the American Institute of Physics.
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.
Source: New Energy Technologies, Inc.
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