Scottsdale, Arizona 6/3/2009 1:36:49 AM
News / Finance

New Energy Technologies, Inc. (NENE.OB) Patents MotionPower™ Technology

QualityStocks would like to highlight New Energy Technologies, Inc. (OTCBB: NENE). The company, 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™ and SolarWindow™.

 

In the company’s news yesterday,

 

New Energy Technologies, Inc. announced that it has filed nine new patent applications with the United States Patent and Trademark Office (USPTO) in order protect novel features of its recently prototyped MotionPower™ technology.

 

According to the U.S. Energy Information Administration, coal and natural gas generate 70% of the United State’s electricity. The environmental impact of greenhouse gas emissions, rising costs of non-renewable fuels, and the potential doubling of global electricity consumption in the coming years illustrates the need for creative, sustainable methods for generating electricity in the United States. In response, New Energy engineers developed MotionPower™ technologies to generate ‘clean’ electricity by harnessing the kinetic energy of the estimated 250 million registered vehicles operating on America’s roads every day.

 

Mr. Meetesh V. Patel, President and CEO of New Energy Technologies, Inc. stated, “In recent weeks, our engineers have achieved a major development milestone by completing New Energy’s first-generation MotionPower™ prototype — a modular system for capturing the kinetic energy of cars in motion and converting that energy into useful, valuable electricity.”

 

Patel added, “Importantly, our numerous patent filings help ensure that the intellectual property related to New Energy’s novel MotionPower™ technology is afforded the protections we need in order to confidently advance our next-generation prototypes, and move aggressively towards commercial implementation of this truly transformational energy-capture technology for generating electricity in a brand new way.”

 

New Energy’s first-generation MotionPower™ device has been configured as a modular, low-profile assembly, which can be mounted directly atop existing roadways with little or no modification to the roadway itself. MotionPower™ modules have a quick installation, and any components in need of replacement or repair can be changed easily without major construction work or traffic delays. Above all, the unit’s modular design can be customized to on site conditions while simultaneously maximizing power output.

 

Engineers are actively optimizing the efficiency of New Energy’s MotionPower™ device in preparation for installations at high traffic locations such as toll booths, traffic intersections, rest areas, travel plazas, border crossings, and neighborhoods with traffic calming zones. Once installed, engineers anticipate that MotionPower™ devices may be used to augment or replace conventional electrical supplies for powering roadway signs, street and building lights, storage systems for back-up and emergency power, and other electronics.

 

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Forward-Looking Statement:

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