NENE Octillion Corp. featured news, full reports, and detailed charts
Octillion Corp. (NENE/NENE.OB) Wrap Up:
New Energy Technologies, Inc., together with its wholly owned subsidiaries, engages in the development of next generation alternative and renewable energy technologies. Its technologies under development include MotionPower roadway systems for generating electricity by capturing the kinetic energy produced by moving vehicles; and SolarWindow technologies which enable transparent glass windows to generate electricity by coating their glass surfaces with the solar cells. The company was formerly known as Octillion Corp. and changed its name to New Energy Technologies, Inc. in January 2009. New Energy Technologies, Inc. was founded in 1998 and is based in Burtonsville, Maryland.New Energy Technologies, Inc. (NENE:OTC Bulletin Board Market)
Snapshot of New Energy Technologies, Inc. (NENE)
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OPEN
$0.60
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PREVIOUS CLOSE
$0.60
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DAY HIGH
$0.60
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DAY LOW
$0.55
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52 WEEK HIGH
07/27/09 - $1.83
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52 WEEK LOW
12/1/08 - $0.07
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MARKET CAP
32.3M
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AVERAGE VOLUME 3 mo
67.7K
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DILUTED EPS TTM
$0.03
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SHARES OUTSTANDING
57.8M
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NENE Does Not Pay Dividends
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P/E TTM
21.4x
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NENE Top Compensated Officers
Executives, Board Directors
Key developments for New Energy Technologies, Inc. (NENE)
New Energy Technologies Inc. announced that early durability tests of the company's MotionPower(TM) device for generating electricity from the movement of cars and light trucks have produced significant design and performance advancements--developments that are key to future commercial deployment of the technology. Advance the MotionPower(TM) technology, including a reduction in size and maintenance costs, while increasing the system's capacity to produce electrical power. Among specific advancements to the company's next generation MotionPower(TM) technology for generating electricity from the motion of cars and light trucks, are: Increasing the amount of electricity generated from each pass of a vehicle by making use of multiple input power mechanisms, and a novel storage system which will help to better utilize the power of each wheel's weight, capture it and retain it for conversion to electrical energy. Improving durability of the system through design modifications and materials selection. New design features, mimicking the appearance and feel of a conventional speed bump/hump. Reducing the length of the system to 12' from 12' by eliminating the existing elevated ramp structures. Minimizing the vertical height of the system in order to calm potential driver disruption. and reduce the rolling resistance of the device. and Repositioning moving parts into a single housing unit, allowing for quicker, easier, and lower-cost maintenance. New Energy's MotionPower(TM) technology is designed to be installed in locations where vehicles are not 'robbed' of energy they would otherwise use to accelerate. Instead, MotionPower(TM) devices convert the vehicles' excess kinetic rolling energy not used or effectively captured (in regenerative braking systems), and creatively converts that energy into a novel alternative energy source.
New Energy Technologies Inc. announced that engineers have successfully conducted the first-ever durability field-tests of the company's prototyped MotionPower(TM) technology for generating electricity from the motion of cars and light trucks, a key step in optimizing New Energy's MotionPower technology for commercial launch. Durability testing was conducted at quick-service giant Burger King's prominent franchise restaurant in the New York Metro area in Hillside, New Jersey throughout the busy Labor Day weekend from September 3rd to September 7th. New Energy's MotionPower(TM) technology is designed to be installed in locations where hybrid, next-generation electrical, and conventional fuels-driven vehicles decelerate or stop, thus ensuring that vehicles are not 'robbed' of energy they would otherwise use to accelerate. Instead, MotionPower(TM) devices actually assist vehicles in slowing down, and in the process of doing so, capture the vehicles' motion energy before it is lost as brake heat, and creatively convert that energy into clean 'green' electricity.
New Energy Technologies Inc. announced completion of its first-ever MotionPowerTM prototype energy harvester for heavy trucks and vehicles for installation at such locations as truck stops, weigh scales, commercial ports of entry, and shipping sites. This newly developed technology complements the company's previously prototyped MotionPower system for cars and light trucks. MotionPower(TM) technology is a roadway-based system that is designed to be installed in locations where vehicles decelerate or stop, thus ensuring that vehicles are not 'robbed' of energy they would otherwise use to accelerate. Instead, MotionPower(TM) devices assist vehicles in slowing down, and in the process of doing so, capture the vehicles' motion energy before it is lost as brake heat, and creatively convert that energy into clean, 'green' electricity.
NENE Competitors
| Company | Last | Change | |
| No competitor information is available for NENE. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | NENE | Industry Range |
| Price/Earnings | 21.5x |
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| Price/Sales | -- | Not Meaningful |
| Price/Book | 14.6x |
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| Price/Cash Flow | 21.4x |
Not meaningful
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| TEV/Sales | -- | Not Meaningful |
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NENE transactions
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| No transactions in the last 6 months. | ||
