New Energy Appoints Government Relations, New Products Design, and Solar Systems Professional to Board of Advisors
NEWS FROM AUGUST 2012!
New Energy Technolgs (USOTC:NENE)
New Energy Technologies, Inc. (OTCQB: NENE), a developer of SolarWindow™, capable of generating electricity on see-through glass and flexible plastic, is pleased to announce the appointment of accomplished glass and solar industry executive, Mr. Patrick T. Sargent, to the Company’s Board of Advisors. Mr. Sargent’s expertise includes the design of first-in-class fiber optic systems for Lucent Technologies and Fujitsu Network Communications, the design of distributed solar generation facilities across the United States, and a key role as Director of Solar Market Intelligence for multi-billion dollar global glass leader, Asahi Glass Company, where he’s credited with achieving millions of dollars in government grants.
“I’m pleased to welcome Patrick to the team as part of our proactive effort to introduce New Energy’s SolarWindow™ technology to industry,” stated Mr. John A. Conklin, President and CEO of New Energy Technologies, Inc. “Patrick brings us valuable technical know-how in legislative policies, glass manufacturing processes and solar systems installation and integration. This kind of industrial experience is essential to the introduction of our SolarWindow™ electricity-generating coatings to see-through commercial glass products and ensuring a commercially viable product lifecycle.”
Mr. Sargent has nearly two decades of high tech product design and development experience, launching his career as a Mechanical Engineering (ME) Consultant for an Atlanta based consulting firm. Following his ME tenure Patrick worked at Lucent Technologies and Fujitsu Network Communications where he designed fiber optical packet networks for trans-Atlantic and trans-Pacific telephony network carriers.
In the solar-glass industry, Mr. Sargent joined Asahi Glass Company (AGC), a global glass leader reporting nearly $16 billion in 2010 sales. At AGC’s Flat Glass business division he was appointed Photovoltaics Cover Technology Leader for the North American Solar Business Unit, eventually assuming leadership for Market Intelligence & Governmental Relations at AGC Solar North America. As Director of Solar Market Intelligence for Asahi’s Solar Business Unit, he’s credited with the award of millions of dollars in grants, and for successfully performing predictive intelligence which correctly forecast market behavior prior to its realization.
Currently, Mr. Sargent is President and CEO of Corona Solar Group, LLC. Corona Solar Group is a solar engineering, procurement, and installation company with focus on Georgia, Tennessee, and North Carolina markets. As President and CEO, Patrick designs, and oversees the development and on-site installation of distributed solar generation facilities throughout the Georgia, Tennessee, and North Carolina markets. Once commercialized, this particular experience is important to the interconnection of SolarWindow™ to the electrical connections in commercial buildings.
A degreed mechanical engineer, Mr. Patrick T. Sargent earned his Mechanical and Industrial Engineering undergraduate degrees from Georgia Tech University and subsequently his MBA at Kennesaw State University. He is a charter member and board member of the Tennessee chapter of SEIA and a member of GSEA and GANA, where he often entertains speaking engagements. He holds certifications with Six Sigma and NABCEP.
Currently under development for eventual commercial deployment in the estimated 85 million commercial buildings and homes in America, SolarWindow™ is the world’s first-of-its-kind technology capable of generating electricity on see-through glass windows and flexible plastics.
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™ roadway systems for generating electricity by capturing the kinetic energy produced by moving vehicles – a patent-pending technology, the subject of 36 US and International patent applications. An estimated 250 million registered vehicles drive more than six billion miles on America’s roadways, every day; and
•SolarWindow™ technologies which enable see-through windows to generate electricity by ‘spraying’ their glass surfaces with New Energy’s electricity-generating coatings – the subject of ten patent applications. 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.
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