New Energy Technologies, Inc. Provides Update on SolarWindow(TM) Development Activities
New Energy Technologies Inc. (OTCQB:NENE), developer of see-through SolarWindow(TM) coatings capable of generating electricity on glass and flexible plastics announced today that the Company is successfully progressing ongoing development of its SolarWindow(TM) devices and modules.”We’ve achieved significant research and development milestones, and remain sharply focused on commercializing our first-of-its-kind technology for generating electricity on glass windows,” explained Mr. John A. Conklin, President and CEO of New Energy Technologies, Inc. “We’re especially encouraged by the excellent color and transparency of our electricity-generating glass modules, and power production estimates.”
Recently, the Company’s SolarWindow(TM) set a new record for generating electricity while remaining see-through. New Energy engineers calculate that SolarWindow(TM) modules modeled for installation on a 50-story building could conservatively produce at least ten times the electrical energy of conventional rooftop photovoltaic (PV) systems and, in some instances, exceed power performance by as much as 50-fold.