New Energy Initiates Capital Markets Plan Following Significant Technology Advancements & Management Build-Out

Columbia, MD – March 3, 2011 – New Energy Technologies, Inc. (OTCBB: NENE), is pleased to announce that the Company is undertaking important strategic corporate initiatives primarily designed to improve its capital markets appeal to both retail and institutional investors. Today’s announcement follows important additions to the Company’s management and advisory teams, and the recent…