New Energy Technologies, Inc., quoted on the OTCQB under the symbol NENE, is an emerging developer of distributed power generation technologies. We are a development stage renewable and alternative energy company, actively developing two novel technologies for generating sustainable electricity, one of which harvests solar energy and artificial light, and the other harvests the available kinetic energy present in moving vehicles. Our proprietary, patent-pending technologies and products, which are the subjects of 59 patent filings, have been invented, designed, engineered, and prototyped in preparation for advanced field testing, product development, and commercial deployment.
Technologies in development include:
MotionPower™ which entails three different products, all of which capture the excess kinetic energy of moving vehicles to generate sustainable electricity. MotionPower™ seeks to harvest the kinetic energy generated by the estimated 250 million registered vehicles which drive more than 6 billion miles per day in the United States.
The first-of-its-kind SolarWindow™ technology, capable of generating electricity on see-through glass when glass surfaces are sprayed with electricity-generating coating creating see-through solar cells. SolarWindow™ is under development for potential application on more than 85 million commercial and residential buildings in the United States.
Organization and Nature of Operations
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.