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.

Mr. Jerry Lynch, PE, Lead Engineer, MotionPower(TM)-Express Photographer: Joe Gigli (Photo: New Energy Technologies, Inc.)

Mr. Jerry Lynch, PE, Lead Engineer, MotionPower(TM)-Express Photographer: Joe Gigli (Photo: New Energy Technologies, Inc.)

Dr. Hegedus is credited with more than 90 scientific publications related to thin film solar cell fabrication, characterization, manufacturing methods and reliability studies, and has played an active role in the development of numerous solar cell technologies, which have subsequently been commercialized.

Important to the ongoing development of SolarWindow™, Dr. Hegedus has specific expertise related to optical enhancement, textured transparent conducive oxides (TCO), thin film device analysis and characterization, heterojunctions, and stability under accelerated degradation conditions.

Dr. Hegedus also serves as Principal Investigator of industry-funded programs targeting improved power output of solar cells through chemical processes. Working through commercial partnerships, Dr. Steven S. Hegedus has developed technologies to help characterize the stability of organic photovoltaic modules under varying environmental conditions, an important hurdle in ensuring long-term performance. He is the co-editor of the Handbook of Photovoltaic Science and Engineering.

Dr. Hegedus received a Bachelors in Electrical Engineering from Case Western Reserve University in 1977, a Masters in Electrical Engineering from Cornell University, and Ph.D. in Electrical Engineering from UD.

Mr. Jerry Lynch, PE, Energy Harvesting and Engineering Expert

Mr. Jerry Lynch, P.E. is the principle engineer at Sigma Design Company located in Springfield New Jersey, and is currently serving as Lead Engineer in the development of New Energy’s MotionPower™-Express technology for generating electricity from the motion of cars and light trucks. Mr. Lynch is credited with developing early prototypes of the MotionPower™ system, and has worked to achieve significant performance and durability milestones.

Mr. Lynch has 25+ years of experience creating innovative designs, implementing process improvement and solving business problems. As a senior level manager, he has been responsible for all phases of new product development. He has significant experience in technology acquisitions and has assisted in launching 6 new manufacturing business ventures. He has been responsible for the design and successful launches of 100’s of innovative technical new products. Mr. Lynch has significant international experience on major projects in Abu Dhabi, UAE, France, The Philippines, Singapore, Indonesia and Spain. Over the past 7 years he has personally been involved in four pilot projects in the renewable energy sector, specifically in solar and hydrokinetic power generation.

Mr. Lynch is a licensed professional engineer in NY and NJ, and has authored numerous articles on design and industrial manufacturing. Jerry has been certified by NIST as a LEAN Manufacturing Expert and has helped over 20 firms develop smart manufacturing methods and approaches. He holds 4 US patents with two patents pending. He is a member of the American Filtration & Separation Society and served as the AFS National Chairman 2006-2007, other affiliations include Society of Manufacturing Engineers, ASME, and SNAME. Mr. Lynch serves on the Middlesex College Engineering Advisory Board and is on the Technical Advisory Board of “Filtration News”, an industrial trade magazine.

Mr. Lynch has a BS in Engineering from the State University of New York at Stony Brook, a MS in Business Management from Stevens Institute of Technology, NJ.

Mr. Lynch is the Lead Research and Development Engineer of the Company’s MotionPower™-Express system, designed for roadway installations where vehicles are required to decelerate or stop, and in the process, assists vehicles in slowing down. MotionPower™ captures the slowing vehicle’s motion (kinetic) energy before it is lost as brake heat and friction, and creatively converts this energy into ‘clean’, green electricity.

About New Energy Technologies, Inc.

545 NewEnergyTech-Logo r01.jpg

545 NewEnergyTech-Logo r01.jpg

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™ 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™ technologies which enable see-thru windows to generate electricity by ‘spraying’ their glass surfaces with New Energy’s electricity-generating coatings. 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: www.newenergytechnologiesinc.com.

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