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New Energy Completes Commercial-Scale Prototype Able to Generate Electricity from Moving Trucks, Long-Haul Rigs, and Buses

by on Apr.30, 2010, under Information Technology

“The successful completion of our brand new MotionPower(TM)-Heavy system at its full commercial scale is a pivotal accomplishment for New Energy, which now enables us to launch field tests and optimize our technology for eventual commercial installation and deployment,” stated Mr. Meetesh V. Patel, President and CEO of New Energy Technologies, Inc.

“With the most perplexing invention phase of our early research and development behind us, I’m eager to have our team complete the more manageable mechanical tasks associated with tweaking the engineering, identifying the best electricity storage systems, and engaging strategic manufacturing partners to help us advance MotionPower(TM) towards commercialization.”

The Company has painstakingly completed the technically complex and unpredictable invention, design, proof-of-concept, and prototyping phases of its MotionPower(TM) development plan, having successfully invented, designed, fabricated, assembled, prototyped, scaled-up, and lab-tested the Company’s newest patent-pending technologies for generating sustainable electricity from the motion of vehicles.

As a result, the Company today announced plans to aggressively advance its novel MotionPower(TM) systems towards the next phase of product development and commercial deployment, primarily focusing on mechanical and electrical engineering refinements, materials selection, and manufacturing processes.

“Our next steps put us on a much-anticipated conventional product development path, often a more predictable engineering course than the early invention process, which in contrast, has required us to solve the many random and unforeseen engineering challenges inherent to creating a brand new invention,” explained Mr. Patel.

“Importantly, these next steps could provide our business with the information we need in order to establish a competitive pricing model, characterize our power output profile, and present a definitive timeline for commercial deployment,” continued Mr. Patel. “Above all, the data we acquire through conventional product development steps could serve to replace any timing and cost ‘estimates’ — which can often be hit-and-miss — with better defined and more reliable forecasts based on quantifiable metrics related to materials, manufacturing, and other considerations.”

Having completed the Company’s early invention research phase, engineers will work towards the selection of product materials and manufacturing systems which can increase durability while reducing production costs, and will further refine specific sub-systems to maximize ‘kinetic’ energy capture from vehicles and boost the electricity generated from the motion of vehicles on our roadways.

More than 250 million vehicles are registered in America, and an estimated 6 billion miles are driven on our nation’s roads every day. As millions of commercial heavy vehicles and cars slow or come to a stop at toll plazas, rest areas, traffic calming areas, drive-thrus, weigh scales, and countless other roadway points, excess ‘kinetic’ energy is produced similar to the kinetic energy present when a bicycle continues to roll even after a cyclist has stopped pedaling.

New Energy’s first-of-their-kind MotionPower(TM) systems are designed to capture the unused kinetic energy of slowing cars, trucks, and heavy commercial vehicles only at points where vehicles are required to slow down or come to a stop, thus ensuring that moving vehicles are not ‘robbed’ of energy otherwise required to accelerate. Once captured, the Company’s MotionPower(TM) technologies creatively convert this excess kinetic energy into sustainable electricity.

MotionPower(TM)-Heavy & MotionPower(TM)-Auto: Discreetly Generating Sustainable Electricity

The Company’s MotionPower(TM)-Heavy and MotionPower(TM)-Auto systems are non-disruptive, ‘discreet’ systems which generate sustainable electricity from the motion of large commercial vehicles, and passenger cars and light trucks, respectively.

These systems are fabricated using highly-durable yet deformable roadway surface materials which are embedded into the driving surface, parallel to the direction of moving traffic. As drivers pass over the deformable surface material, their vehicles’ tires depress the surface and any excess kinetic energy of the vehicle is discreetly captured for conversion to electricity by MotionPower(TM).

Drivers, passengers, and cargo experience smooth slowing of the vehicle and are not jarred, bumped, or otherwise disrupted when driving over MotionPower(TM)-Heavy and MotionPower(TM)-Auto systems.

The Company’s discreet, non-disruptive energy harvesting systems are made possible thru the novel application of ‘peristaltic action’, fluid-driven systems. New Energy’s unique approach capitalizes on the smooth flow of pressurized fluids and avoids the use of moving mechanical parts, which can be financially expensive, prone to mechanical failure, and inefficient as a consequence of mechanical friction.

Both MotionPower(TM) systems can be easily embedded into roadways. The systems measure only inches in vertical height and may be readily lengthened to suit varying site conditions.

While designed for heavy commercial vehicles and cars and trucks, these systems are designed to allow for pedestrians, cyclists, and other such traffic to pass over the surface area without disruption.

The Company’s patent-pending MotionPower(TM) systems do not require human-operator control, and in preparation for commercial implementation, have been designed with the self-regulating capability to identify and respond to various vehicle characteristics and behaviors.

Also in preparation for commercial deployment, engineers have developed MotionPower(TM)-Express, capable of generating sustainable electricity from the motion of cars and commercial vehicles moving at higher rates of speed at high-traffic sites such as toll-booth approaches, highway off ramps, and settings where customers prefer a disruptive ‘rumble strip’ or ‘speed bump’ effect.

“It’s very important that our products meet the needs of potential customers and varying site conditions. From the numerous commercial inquiries we’ve entertained, ranging from global service businesses to government agencies, we have learned that the market is demanding systems for generating sustainable electricity, and expects our MotionPower(TM) technologies, currently under development, to be available in various configurations. In response to the requirements of our prospective customers, these systems are being developed for both discreet and disruptive applications,” concluded Mr. Patel.

New Energy’s MotionPower(TM)-Express system makes use of multiple treadles which are depressed and activated as a vehicle passes over them. These treadles can be embedded in roadways in order to mimic the driving sensation of a rumble strip, or may be elevated to replicate a speed bump.

In both cases, the technology affords a practical solution for high-traffic sites such as airport entrance/exit points or airport-based car rental facilities, where installation of a disruptive rumble strip or speed bump may be preferred over discreet energy harvesting systems better suited to drive-thrus, toll-booth points of payment, border crossings, and other lower-speed sites.

The Company’s MotionPower(TM)-Express system has undergone durability field-tests at the Four Seasons Hotel in Washington, DC, a prominent Burger King(R) quick-service franchise during a busy Labor Day long weekend in Hillside, NJ, and a Holiday Inn Express(R) in Baltimore, MD. These field tests were undertaken following advanced prototyping and in-house testing of the MotionPower(TM)-Express system. Following these important field tests, engineers were able to achieve a 25-fold increase in the system’s capacity to capture energy from moving cars and light trucks.

Similarly, New Energy’s MotionPower(TM)-Heavy and MotionPower(TM)-Auto technologies will undergo field tests at commercial sites where the motion of heavy trucks, long-haul rigs, buses, cars, and light trucks can be used to generate sustainable electricity from harvested energy.

Energy harvesting from cars, trucks, and heavy commercial vehicles is a new technology. Engineers envision that similar mechanical and fluid-driven peristaltic systems could be designed to generate electricity from the motion of foot traffic, cargo trains, passenger railcars, and aircraft.

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(TM) 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(TM) 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: http://www.newenergytechnologiesinc.com.

To receive future press releases via email, please visit: http://www.newenergytechnologiesinc.com/investor_alert

To view the full HTML text of this release, please visit: http://www.newenergytechnologiesinc.com/NENE20100429

For media inquiries please contact Mr. Jerry Schranz at 1-201-465-8020, or visit our Media Relations page for additional contact information: http://www.newenergytechnologiesinc.com/media_relations

Legal Notice Regarding Forward-Looking Statements

No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities. This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although New Energy Technologies, Inc. (the “Company” or “New Energy Technologies”) believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words “may,” “will,” “should,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to adverse economic conditions, intense competition, lack of meaningful research results, entry of new competitors and products, adverse federal, state and local government regulation, inadequate capital, unexpected costs and operating deficits, increases in general and administrative costs, termination of contracts or agreements, technological obsolescence of the Company’s products, technical problems with the Company’s research and products, price increases for supplies and components, litigation and administrative proceedings involving the Company, the possible acquisition of new businesses or technologies that result in operating losses or that do not perform as anticipated, unanticipated losses, the possible fluctuation and volatility of the Company’s operating results, financial condition and stock price, losses incurred in litigating and settling cases, dilution in the Company’s ownership of its business, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives and research scientists, changes in interest rates, inflationary factors, and other specific risks. There can be no assurance that further research and development will validate and support the results of our preliminary research and studies. Further, there can be no assurance that the necessary regulatory approvals will be obtained or that New Energy Technologies, Inc. will be able to develop commercially viable products on the basis of its technologies. In addition, other factors that could cause actual results to differ materially are discussed in the Company’s most recent Form 10-Q and Form 10-K filings with the Securities and Exchange Commission. These reports and filings may be inspected and copied at the Public Reference Room maintained by the U.S. Securities & Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information about operation of the Public Reference Room by calling the U.S. Securities & Exchange Commission at 1-800-SEC-0330. The U.S. Securities & Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the U.S. Securities & Exchange Commission at http://www.sec.gov. The Company undertakes no obligation to publicly release the results of any revisions to these forward looking statements that may be made to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

source:New Energy Technologies, Inc


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