Washington, DC - April 06, 2009 - New Energy Technologies, Inc. (Symbol: NENE), a next-generation alternative and renewable energy developer, today unveiled the Company’s prototype MotionPower™ energy harvesting device -- a first-of-its-kind, novel, modular, mechanical system, engineered to exploit the energy wasted by moving cars and light vehicles in order to generate electricity.

“For the first time ever, Americans stand to generate valuable electricity by simply driving their cars through our easy-to-install, portable MotionPower™ devices. With nearly 250 million cars traversing America’s roadways, we’re poised to capitalize on an untapped commercial opportunity, while delivering timely cost-savings and long-term environmental benefits to energy consumers,” explained Mr. Meetesh V. Patel, Esq., President and CEO of New Energy Technologies, Inc.

Once installed, engineers anticipate that MotionPower™ devices may be used to augment or replace conventional electricity supplies for powering roadway signs, street and building lights, storage systems for back-up and emergency power, and other electronics, appliances, and devices in homes and businesses.

Having successfully engineered and built the Company’s first prototype, New Energy engineers are now actively working to further optimize the efficiency of the MotionPower™ device in preparation for installations at high traffic locations such as toll booths, traffic intersections, rest areas, travel plazas, restaurant and bank drive-thrus, border crossings, and neighborhoods with traffic calming zones.

Importantly, the MotionPower™ device has been engineered to ensure that it can be easily manufactured, and is resistant to damage from vehicles, road debris or weather. Additionally, the prototype device is straightforward to install and boasts a modular design, allowing installers to conveniently shorten or lengthen the MotionPower™ energy harvester in order to customize the system based on site conditions while maximizing power output.

Engineers developing the MotionPower™ technology are further working to ensure that the system is able to:

• Adapt to the unique characteristics of different vehicles in order to optimize the amount of energy captured;
   
• Reduce or avoid potentially undesirable effects on safety, comfort of vehicle occupants, and the stability of cargo; and
   
• Adaptively monitor or regulate the speed or acceleration (or deceleration) of vehicles

New Energy has filed numerous patents with the United States Patent and Trademark Office for the protection of intellectual property associated with using the motion of vehicles to generate electricity, the fastest growing form of end-use energy in the world.

America is the world’s largest consumer of electricity, according to the U.S. Energy Information Administration, with nearly 70% of the nation’s electricity generated by coal and natural gas. The environmental impact and rising costs of these non-renewable fuels, along with the potential doubling of global electricity consumption in the coming years, clearly illustrate the urgent need for more creative, sustainable methods for generating electrical power.

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.

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No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities. This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although New Energy Technologies, Inc. (the “Company” or “New Energy Technologies” or “Octillion” or “Octillion Corp.”) believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words “may,” “will,” “should,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to adverse economic conditions, intense competition, lack of meaningful research results, entry of new competitors and products, adverse federal, state and local government regulation, inadequate capital, unexpected costs and operating deficits, increases in general and administrative costs, termination of contracts or agreements, technological obsolescence of the Company's products, technical problems with the Company's research and products, price increases for supplies and components, litigation and administrative proceedings involving the Company, the possible acquisition of new businesses or technologies that result in operating losses or that do not perform as anticipated, unanticipated losses, the possible fluctuation and volatility of the Company's operating results, financial condition and stock price, losses incurred in litigating and settling cases, dilution in the Company's ownership of its business, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives and research scientists, changes in interest rates, inflationary factors, and other specific risks. There can be no assurance that further research and development will validate and support the results of our preliminary research and studies. Further, there can be no assurance that the necessary regulatory approvals will be obtained or that Octillion will be able to develop commercially viable products on the basis of its technologies. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent Form 10-QSB and Form 10-KSB filings with the Securities and Exchange Commission. These reports and filings may be inspected and copied at the Public Reference Room maintained by the U.S. Securities & Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information about operation of the Public Reference Room by calling the U.S. Securities & Exchange Commission at 1-800-SEC-0330. The U.S. Securities & Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the U.S. Securities & Exchange Commission at http://www.sec.gov. The Company undertakes no obligation to publicly release the results of any revisions to these forward looking statements that may be made to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.