New Energy Adds Seasoned Glass Executive to Board of Advisors for Industry Outreach of Technology Able to Generate Electricity on See-Through Windows

Columbia, MD – February 6, 2012 – 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 industry executive, Mr. J. Patrick Thompson to the Company’s Board of Advisors. Today’s appointment underscores New Energy’s commitment to commercialize its novel SolarWindow™ technology for introduction to industry, including the solar, plastics and film, glass, and solar-glass segments – areas of Mr. Thompson’s specific expertise.

In the solar-glass industry, Mr. Thompson developed Asahi Glass Company’s solar glass division, achieving more than $200 million in revenues and growing sales from zero at inception to commanding 70% market share in North America. As Vice President of Asahi’s Solar Business Unit, he’s credited with the development and commercial introduction of 11 new products in 2010 alone. Asahi Glass Company is a global glass leader reporting nearly $16 billion in 2010 sales.

“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 glass manufacturing processes and encapsulation technologies for increasing the lifetime of coatings. This kind of industrial experience is essential to applying our SolarWindow™ electricity-generating coatings to see-through commercial glass products and ensuring a commercially viable product lifecycle.

“Importantly, Patrick’s demonstrated record of business success at Fortune 100 companies is directly aligned with the industries we’re targeting for introduction of our SolarWindow™ – namely, solar, glass, plastics, and specialty chemicals.”

In the plastics industry, Mr. Thompson worked to examine and improve product sales and marketing efforts at GE Plastics. Patrick identified the single largest sales opportunity in the company’s history, earning him the organization’s MVP award for Sales and Marketing. Of note, New Energy’s SolarWindow™ has been demonstrated to generate electricity on flexible plastics. Scientists anticipate that commercially developed electricity-generating flexible plastic could be deployed as tinted window film, which remains see-through while generating electrical power.

At Ciba Specialty Chemicals (now, BASF, one of the world’s largest chemical companies) Mr. Patrick J. Thompson worked with multinational companies, including Texas Instruments, Mitsubishi Semiconductor, Lockheed Martin and Harris Semiconductor on global applications, achieving an increase in total divisional sales by 39%, the highest of any division. Mr. Thompson worked with the company’s product development teams to formulate new products in order to improve processing methods and the usable lifetime of materials. Importantly, researchers developing New Energy’s SolarWindow™ technology anticipate the use of encapsulants to help maximize product life-cycle, an area of expertise particular to Patrick’s efforts at Ciba/BASF.

A Licensed Professional Engineer, Mr. J. Patrick Thompson earned his Mechanical undergraduate degree from Clemson University and completed the Dynamic Leadership program at International Management Development in Lausanne, Switzerland.

Mr. Thompson’s appointment follows the recent addition of Dr. Chris Harris to the Company’s Board of Advisors. Dr. Harris has 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 Senior Licensing Manager at the University of Virginia Patent Foundation, and as Associate Director, Licensing at 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.

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.

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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