New Energy Announces Appointment of Solar-PV and Energy Harvesting Experts to Scientific Advisory Board

Dr. Steven S. Hegedus, renowned expert in photovoltaics. (Photo: New Energy Technologies, Inc.)

COLUMBIA, Md.–(BUSINESS WIRE)–New Energy Technologies, Inc. (OTCBB: NENE), a developer of next-generation alternative and renewable energy technologies, today announced the appointments of widely-published expert and authority in solar photovoltaics, Dr. Steven Hegedus; and engineering and energy harvesting expert, Mr. Jerry Lynch, PE to the Company’s Scientific Advisory Board.

“As we advance SolarWindow™ and MotionPower™ in the clean-tech space, we can significantly benefit from utilizing the expertise these individuals bring to our technology and development, business expansion, and path towards commercialization.”

“We are pleased to welcome Dr. Steven Hegedus, and Mr. Jerry Lynch, PE to our team,” stated John A. Conklin, President and CEO of New Energy Technologies, Inc. “As we advance SolarWindow™ and MotionPower™ in the clean-tech space, we can significantly benefit from utilizing the expertise these individuals bring to our technology and development, business expansion, and path towards commercialization.”

Today’s appointments follow New Energy’s recent announcements regarding efforts to advance the Company’s novel MotionPower™ and SolarWindow™ technologies towards commercialization.

Earlier this month, New Energy announced that its engineering teams are continuing the development of the Company’s first-of-its-kind MotionPower™ systems for generating electricity by capturing otherwise wasted kinetic energy of decelerating cars and trucks, such as at toll-booths, drive-thrus, stops signs, and truck weigh stations.

Additionally, scientists developing the Company’s novel SolarWindow™ technology, capable of generating electricity on see-thru glass windows, have achieved an important research breakthrough which could lead to improved efficiency, lower production costs and enhanced future commercial manufacturability of SolarWindow™.

Among important next steps in the development of SolarWindow™, is the methodology and techniques of applying the electricity-generating coatings, optimization of power output, and durability. The Company has also validated its power production output model, necessary for providing potential customers with a performance and economic model for calculating cost-savings associated with the application of SolarWindow™ to building facades; Dr. Steven Hegedus recently validated this SolarWindow™ early power production model.

Today, New Energy announced the appointment of Dr. Steven Hegedus and Mr. Jerry Lynch, PE to its Scientific Advisory Board.

Dr. Steven S. Hegedus, Research Scientist, Renowned Photovoltaics Expert

Dr. Hegedus is a Research Scientist at the Institute of Energy Conversion (IEC) at the University of Delaware (UD), the world’s oldest photovoltaic research laboratory.