New Energy to Develop Systems for Storage & Distribution of Electricity Generated from the Motion of Vehicles

Columbia, MD – June 21, 2011 – New Energy Technologies, Inc. (OTCQB: NENE), today announced an important next step towards commercialization of its MotionPower™ technology with plans to develop systems for storing and distributing electricity, generated from the motion of vehicles by the Company’s patent-pending technology. The subject of 18 International and U.S. patent filings,…