New Energy's Spray-On Coatings for Generating Electricity on See-Through Glass and Flexible Plastic Show Superior Durability

COLUMBIA, MD--(Marketwire - Oct 4, 2011) - New Energy Technologies, Inc. (OTCQB: NENE) today announced that researchers developing and testing its SolarWindow™ technology, capable of generating electricity on see-through glass and flexible plastic, have demonstrated superior durability of their 'spray-on' methodology for applying electricity coatings -- important to ensuring a commercially viable product lifecycle.

New Energy's SolarWindow™ underwent ongoing stress tests designed to determine the ability of the Company's spray-on electricity-generating coatings to withstand harsh mechanical bending. Upon completion of the tests, scientists concluded that New Energy's spray-on coatings continued to generate electricity on flexible plastic, despite being subjected to severe mechanical forces. In contrast to the Company's spray-on methodology, conventional spin-coatings methods resulted in immediate breakdown, with test devices failing when subjected to like forces.

"The favorable outcomes from these mechanical stress experiments pave the way for our SolarWindow™ technology as a practical solution for generating electricity on the windows of high-performance commercial buildings that are energy-efficient, healthy, and economical," explained Mr. John A. Conklin, President and CEO of New Energy Technologies, Inc.

Scientists conducted their latest tests of New Energy's SolarWindow™ by first applying the Company's see-through electricity generating coatings onto flexible plastic using a spray-on methodology. Unlike temperature and pressure sensitive manufacturing required in the production of other solar-photovoltaic products, New Energy's electricity-generating coatings are sprayed at room-temperature, making this a first-of-its-kind technology -- important to keeping manufacturing costs low.

Researchers then subjected the lab-scale flexible plastic SolarWindow™ to mechanical bend tests in order to determine 'flexural strength.' Bending and flexural strength testing is used to determine whether a material will break or fracture under force or pressure. New Energy's SolarWindow™ continued to generate electricity following these tests.

"Today's favorable results demonstrate the physical strength of our SolarWindow™ coatings, and are especially encouraging when considering the latest advancements to increased transparency and color of our technology, announced only a few weeks ago," said Mr. John A. Conklin.

In recent weeks, scientists successfully developed a first-ever working SolarWindow™ prototype using brand new electricity-generating coatings which lead to increased transparency and enhanced color. Researchers coated the glass surface of a working lab-scale prototype with newly-discovered, organic electricity-generating coatings comprised primarily of hydrogen and carbon. These new coatings favorably influence various electronic, electrochemical, and optical properties of SolarWindow™, essential to producing a highly transparent and aesthetically pleasing soft window tint and color.

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.

About New Energy Technologies