NREL and New Energy have been working through a Cooperative Research and Development Agreement to advance the Company's SolarWindow(TM) technology, capable of generating electricity on see-through glass.

COLUMBIA, Md.--January 3,2012, New Energy Technologies, Inc. (OTCQB: NENE.OB), 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(TM) 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(TM) 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 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 application of such coatings in the fabrication of photovoltaic device architectures. This combination of skills is important to the advancement of SolarWindow(TM), 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(TM) 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(TM) 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(TM) 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.

About New Energy Technologies, Inc.
New Energy Technologies, Inc., together with its wholly owned subsidiaries, is a developer of next generation alternative and renewable energy technologies. Among the Company's technologies under development are:

MotionPower(TM) roadway systems for generating electricity by capturing the kinetic energy produced by moving vehicles - a patent-pending technology, the subject of 33 US and International patent applications. An estimated 250 million registered vehicles drive more than six billion miles on America's roadways, every day; and

SolarWindow(TM) technologies which enable see-through windows to generate electricity by 'spraying' their glass surfaces with New Energy's electricity-generating coatings - the subject of 10 patent applications. These solar coatings are less than 1/10th the thickness of 'thin' films and make use of the world's smallest functional solar cells, shown to successfully produce electricity in a published peer-reviewed study in the Journal of Renewable and Sustainable Energy of the American Institute of Physics.

Through established relationships with universities, research institutions, and commercial partners, we strive to identify technologies and business opportunities on the leading edge of renewable energy innovation. Unique to our business model is the use of established research infrastructure owned by the various institutions we deal with, saving us significant capital which would otherwise be required for such costs as land and building acquisition, equipment and capital equipment purchases, and other start-up expenses. As a result, we are able to benefit from leading edge research while employing significantly less capital than conventional organizations. For additional information, please visit: www.newenergytechnologiesinc.com.