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New Energy Technologies, Inc. Message Board

  • dejpuj8 dejpuj8 Mar 6, 2012 9:09 PM Flag

    Reply from Investment Relations

    In response to our question of the "12x12" last year vs the 170 sq cm this year:

    Thank you for your interest in New Energy Technologies, Inc.

    Our recent announcement regarding our latest OPV module produced at NREL states that scientists have fabricated a large area 170 square centimeters (cm2) working module, more than 14-times larger than previous OPV devices fabricated at NREL. This is the largest-area organic photovoltaic module ever produced at the US DOE’s National Renewable Energy Laboratory.

    Our press release last year, Feb. 1, 2011, announcing the 12”X12” working prototype was another milestone at that stage of development with USF before we had entered into a Cooperative Research Agreement with NREL and was the largest size working array New Energy had produced with USF researchers. Since entering into a CRADA with NREL, we have been working with USF and NREL scientists to advance the technology further, and continue to make use of current intellectual property and new patent pending technologies to work towards and achieve specific product development goals, including technical improvements designed to: improve cell efficiency and performance; increase transparency of glass surfaces; enhance durability; ensure long-term product performance; scale-up current working prototype; and develop low-cost manufacturing methods. As we announced in August 22, 2011, our researchers have developed brand new electricity-generating coatings with improved transparency and color, an important aspect to a commercially viable and an aesthetically pleasing product and have been working to further develop these coatings for eventual commercialization.

    During the 2012 operating year, we anticipate undertaking significant efforts to accelerate our SolarWindow™ towards commercialization. Our priorities include the development of additional patent protection, improved manufacturability, increased power production, advanced power output modeling, and attracting management-level talent able to help advance our breakthrough technology from the research-bench to commercial market.

    As we are a publicly traded company, any information that has been disclosed can be found on our website, our press releases and in our SEC files, a link to which can be found on our Investors tab, here is a direct link: http://www.sec.gov/cgi-bin/browse-edgar?company=octillion&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany. You may find all of our press releases on our website News tab: http://www.newenergytechnologiesinc.com/press_release

    As we continue to make progress we will issue press announcements to provide updates. If you are not already on our distribution list for press releases, please visit our Investor Alerts page: http://www.newenergytechnologiesinc.com/investor_alert.

    If you have any questions, kindly contact our office toll free at 1-800-213-0689, direct: 301-476-7635.

    Once again, thank you for your interest and comments.

    Sincerely,
    Briana Erickson

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