New Energy Appoints Business Partnering and Scientific Experts to Advance Technology Able to Generate Electricity on See-Through Glass

Columbia, MD – January 03, 2012 – New Energy Technologies, Inc. (OTCQB: NENE), a developer of innovative technologies for generating sustainable electricity, is pleased to announce the appointments of Dr. Scott R. Hammond as Principal Scientist, and Dr. Christopher M. Harris to the Company’s Board of Advisors.

Both Drs. Hammond and Harris previously tenured at the United States Department of Energy’s National Renewable Energy Laboratory (NREL), one of the world’s most respected and advanced solar-photovoltaic research institutions. NREL and New Energy have been working through a Cooperative Research and Development Agreement to advance the Company’s SolarWindow™ technology, capable of generating electricity on see-through glass.

“I’m honored to welcome Dr. Harris and Dr. Hammond to our team,” stated Mr. John A. Conklin, President and CEO of New Energy Technologies, Inc. “Dr. Hammond brings a special blend of organic chemistry and photovoltaic device fabrication experience important to advancing our SolarWindow™ technology towards commercial production. As a Nuclear Physicist, Patent Agent, and Licensing Executive who’s successfully partnered new technologies with Fortune 5 corporations, Dr. Harris has the depth of technical insight and business expertise that we very much look forward to leveraging.”

Dr. Christopher M. Harris Member, Board of Advisors New Energy Technologies, Inc.

Dr. Christopher M. Harris joins New Energy’s Board of Advisors with a proven track record of exploiting novel renewable energy

technologies for commercial partnership, joint-venture, and technology and product development. His expertise includes evaluating a technology’s technical strength, building key strategies for advancing product development with commercial partners, and negotiating tactical licensing agreements with public research institutions, private companies, and Fortune 500 corporations.

Dr. Harris is a Certified Licensing Professional, and a Registered Patent Agent at the United States Patent and Trademark Office. He earned his PhD in Nuclear and Particle Physics, and Master’s and Bachelor’s degrees in Physics at the University of Virginia.

Dr. Christopher M. Harris currently serves as Director of Licensing at Vanderbilt University. Previously, he tenured as Associate Director, Licensing at National Renewable Energy Laboratory, and as Senior Licensing Manager at the University of Virginia Patent Foundation.

New Energy also announced the appointment of Principal Scientist, Dr. Scott R. Hammond, today. Dr. Hammond’s expertise includes the development of coatings for generating electricity and the

Dr. Scott R. Hammond Principal Scientist New Energy Technologies, Inc.

application of such coatings in the fabrication of photovoltaic device architectures. This combination of skills is important to the advancement of SolarWindow™, which makes use of electricity-generating coatings applied to see-through glass surfaces.

Electricity-generating coatings, consisting largely of ‘polymers’, are first designed and subsequently produced by way of synthesis; Dr. Hammond’s experience includes such polymer design and organic synthesis. He also brings skills specific to various systems and methods for applying these coatings to various material surfaces, including high-speed, high-volume industrial processes important to the eventual commercial manufacturing of SolarWindow™ products.

Once electricity-generating polymers are applied to a material surface, the resultant effect is the production of an ‘organic photovoltaic’ cell (OPV). The prospect of SolarWindow™ products generating electricity on see-through glass is made possible by way of OPV.

Dr. Hammond brings extensive experience in all areas of OPV, the underlying SolarWindow™ technology, including: the design and synthesis of small molecule and polymeric donor materials, the development of new solution-processed contact materials, the fabrication of OPV devices, large-area device fabrication using various coating methods, and the development of solution-processed flexible and transparent moisture barriers.

Dr. Hammond also has a strong background in nanostructured organic materials, with an emphasis on optoelectronic materials. His experience spans materials design, synthesis, nanoscale characterization, processing, and optoelectronic device fabrication. Of note, he has worked specifically on developing nanostructured materials in an attempt to improve performance, simplify processing, and increase useful life.

Dr. Hammond earned his PhD in Organic/Materials Chemistry and Nanotechnology from the University of Washington, Seattle and a BS in Chemistry with High Honors from the University of California, Berkeley. His awards include a Hypercube Scholar Award, a Mindlin Brothers Fellowship for Creativity in Science, a United States National Science Foundation Graduate Research Fellowship Honorable Mention, and a Joint Institute in Nanotechnology Fellowship. He is currently a member of the American Chemical Society and the Materials Research Society, and a Sigma-Aldrich Global Advisor.

SolarWindow Technologies, Inc. creates transparent electricity-generating liquid coatings. When applied to glass or plastics, these coatings convert passive windows and other materials into electricity generators under natural, artificial, low, shaded, and even reflected light conditions.

Our liquid coating technology has been presented to members of the U.S. Congress and received recognition in numerous industry publications. Our SolarWindow™ technology may generate 50-times the power of a conventional rooftop solar system and may achieve a one-year payback when installed on all four sides of a 50-story building, according to independently-validated power and financial modeling.

Power and Financial Model Disclaimer

The company's Proprietary Power Production & Financial Model (Power & Financial Model) uses photovoltaic (PV) modeling calculations, which are consistent with renewable energy practitioner standards for assessing, evaluating and estimating renewable energy for a PV project. The Power & Financial Model estimator takes into consideration building geographic location, solar radiation for flat-plate collectors (SolarWindow™ irradiance is derated to account for 360 degrees building orientation and vertical installation), climate zone energy use and generalized skyscraper building characteristics when estimating PV power and energy production, and carbon dioxide equivalents. Actual power, energy production and carbon dioxide equivalents modeled may vary based upon building-to-building situational characteristics and varying installation methodologies.

For additional information, please call Ms. Briana L. Erickson toll­ free at 1­-800­-213­-0689 or visit: 
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