New Energy’s Validated SolarWindow™ Sets New Record for Generating Electricity While Remaining See-Through

Columbia, MD – May 8, 2014 – New Energy Technologies Inc. (OTCQB: NENE), developer of see-through SolarWindow™ coatings, capable of generating electricity on glass and flexible plastics, today announced that its technology has set a new record for generating electricity while remaining see-through with over 50% greater power than prior attempts publicized by others.

Using today’s certified power-production data, Company engineers estimate that a SolarWindow™ installation on a fifty (50) story commercial building located in Florida could generate enough electricity to power at least 100 homes while eliminating the equivalent carbon emissions produced by vehicles driving approximately 2,750,000 miles per year.

Concept model of SolarWindow™ Insulated Glass Unit (IGU)

Additional total power production and carbon-offset estimates for skyscraper and tall tower installations are currently being calculated by engineers for public review using today’s validated SolarWindow™ performance results.

The Company’s announcement is based on results of independent testing and certification of its SolarWindow™ modules by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL). Based on this newly validated data from the high-performance modules unveiled on March 26, 2014, New Energy’s review of prevailing published literature and scientific reports confirmed that SolarWindow™ modules outperform publicized devices of comparable architecture, size, and design by over 53% in terms of power production – a major achievement and new record. The Company’s certified, high-performance module is the most efficient organic photovoltaic (OPV) module ever measured by NREL’s Device Performance Measurement Laboratory.

Typically, OPV performance tests are conducted on small ‘lab-scale’ devices, which generally measure only 1 square inch (in2) or smaller due to the challenging nature of OPV scale-up for see-through (semi-transparent) devices. New Energy’s latest, high-performance SolarWindow™ module measures 36 in² (232 square centimeters or cm²).

“We’ve long been confident that our SolarWindow™ modules are more power efficient and larger than any other like-technology. Now, our target customers – engineers, glass companies, architects, and building developers – know this to be the case,” announced Mr. John A. Conklin, President and CEO of New Energy Technologies, Inc.

Electricity-Generating SolarWindow™ Module, Being Developed in Architecturally-Neutral Colors

 “We are engineering our see-through SolarWindow™ products to generate sustainable electricity, and be aesthetically attractive, while being developed at a cost which makes economic sense to our customers,” continued Mr. Conklin. “We also remain mindful of ease-of-manufacturing, scale-up of size, and overall environmental benefits – all important considerations for our potential customers and future commercial partners in the commercial buildings sector.”

Company engineers envision installing SolarWindow™ on the vast areas of tinted glass surfaces on commercial buildings. In contrast, conventional solar power systems are limited to very small rooftop areas on skyscrapers and tall towers, which are already crowded with service systems such as HVAC services and elevators; tenant-amenities such as rooftop gardens and pools; and other high-footprint features.

“We’ve worked hard to achieve both large-scale and high power conversion efficiency,” explained Dr. Scott Hammond, Principal Scientist at New Energy Technologies, Inc. “Our record-breaking SolarWindow™ module is the result of various methods of fabrication and materials, which have helped us overcome numerous challenges unique to our OPV device technology. I’m grateful for the support of the talented scientific team at NREL, who have helped us achieve this very significant milestone.”

The Company’s high-performance, large-area SolarWindow™ has been fabricated through the efforts of New Energy’s Principal Scientist, Dr. Scott Hammond, in collaboration with NREL Researchers, particularly Dr. Maikel van Hest, Dr. Dana C. Olson, and Dr. Scott Mauger.

NREL; New Energy Development Team (from L to R) Dana Olson, PhD, Scientist, NREL; Scott Mauger, PhD, Scientist, NREL; Maikel van Hest, PhD, Scientist, NREL; and Scott Hammond, PhD, Principal Scientist, New Energy.

 “As NREL researchers, part of our mandate is to help companies move their renewable energy technologies closer to commercialization,” explained Dr. Maikel van Hest, Senior Scientist at NREL. “It’s wonderful to contribute to breakthroughs such as this latest achievement, an important step in commercialization of their technology.”

NREL is among the world’s most respected and advanced solar-photovoltaic research institutions, and over its 37-year history has been credited for ground-floor support of many of the commercial technologies employed by today’s renewable energy industries.

NREL and New Energy have been working through a Cooperative Research and Development Agreement to advance the Company’s SolarWindow™ technology for generating electricity on glass windows. The NREL Device Performance Measurement Laboratory is the premier U.S. Department of Energy research laboratory for testing performance of commercial, developmental, and research photovoltaic (PV) devices. The Device Performance group is one of only two laboratories in the world to hold an International Organization for Standardization (ISO) 17025 accreditation for primary reference cell and secondary module calibration, in addition to accreditation for secondary reference cell calibration under American Society for Testing Materials (ASTM), and International Electrotechnical Commission (IEC) standards.

SolarWindow™ researchers have rapidly developed the Company’s technology from its early beginnings as a tiny, experimental lab device to a first-of-its-kind, see-through glass window capable of generating electricity. Today, the technology is the subject of forty-two (42) patent filings, and researchers are on track to advance SolarWindow™ towards full-scale commercial manufacturability – a near term goal.

SolarWindow™ is currently under development for eventual commercial deployment in the estimated 80 million detached homes in America and more than five million commercial buildings. The federal government estimates that by catalyzing private sector investments in commercial and industrial building energy upgrades, may make America’s buildings 20 percent more efficient over the next decade, reducing energy costs for American businesses by nearly $40 billion.

To view additional photographs of our latest, high performance SolarWindow™ modules, click here.

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.

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