New Energy Technologies, Inc. (OTCQB: NENE) announced that the Company has entered into Phase 2 of its Cooperative Research and Development Agreement (CRADA) with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) to advance the development of its SolarWindow™ technology, capable of generating electricity on glass.

• The project targets the development of transparent organic solar cells on glass and flexible substrates

Jointly, the Company and NREL plan to advance New Energy’s electricity-generating device by enhancing performance, processing, and lifetime. Under the terms of the agreement, researchers will additionally work towards optimizing the deposition of various coatings on flexible surfaces; these layers allow for electricity to be generated on surfaces such as see-through and tinted plastics.

Under terms of the agreement, the Company’s Principal Scientist, Dr. Scott Hammond and NREL research scientists will make use of intellectual property brought into and developed under the CRADA in order to work towards specific product development goals. Future development plans include efforts to:

• Further improve SolarWindow™ efficiency and transparency;
• Optimize electrical power (current and voltage) output;
• Optimize the application of the active layer coatings which make it possible for SolarWindow™ to generate electricity on glass surfaces;
• Develop improved electricity-generating coatings by enhancing performance, processing, reliability, and durability;
• Optimize SolarWindow™ performance on flexible substrates; and
• Develop high speed and large area roll-to-roll (R2R) and sheet-to-sheet (S2S) coating methods required for commercial-scale BIPV and windows.