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Konarka and Nu Energy Announce Partnership

November 10, 2010

The alliance will initiate deployment of Konarka Power Plastic organic photovoltaic technology in the Australian commercial and residential solar market.

Lowell, MA -- Konarka Technologies Inc., an innovator in development and commercialization of Konarka Power Plastic, a material that converts light to energy, announced a commercial alliance with Nu Energy, a partnership that is expected to initiate deployment of its organic photovoltaic technology in the Australian market for both commercial and residential applications. A leader in the renewable solutions industry in Australia, Nu Energy has installed more than 18,000 solar systems throughout Australia in households, large industrial sites, and government applications.

"We are delighted Nu Energy has selected Konarka's Power Plastic to deliver solar technology to their customers throughout the region," commented Howard Berke, Executive Chairman and co-founder of Konarka. "This relationship enables us to continue our go-to-market strategy of partnering with leading companies across the globe in a variety of emerging photovoltaic integrated applications."

The thin, lightweight, and flexible characteristics of Konarka's Power Plastic makes it particularly conducive to a wide range of uses. Power Plastic captures both indoor and outdoor light and converts it into direct current electrical energy. Manufacturers can easily integrate the material into their products for both commercial and residential uses, creating energy producing products.

"This partnership gives Nu Energy additional solutions for its residential and commercial customers, adding value to their properties and reducing energy bills even further," commented Simon Schauble, Chief Executive Officer of Nu Energy. "We are proud to partner with Konarka and introduce their rapidly developing solar technology into Australia."

About Nu Energy
Nu Energy is an Australian-owned solar company. It has provided renewable energy solutions for Australia's commercial and residential sectors for more than 20 years. Nu Energy is a fully accredited member of the Clean Energy Council and has installed more than 18,000 solar systems throughout Australia, in applications ranging from households, large industrial sites, and government departments to local corner stores.

About Konarka
Konarka Technologies Inc. develops and manufactures solar plastic films that convert light to energy anywhere. As a leading developer of polymer-based, organic photovoltaic technology that provides a source of renewable power in a variety of form factors, Konarka has a broad portfolio of patents, technology licenses, and an accomplished technical, scientific, and manufacturing team. Manufactured at low cost and low energy consumption, the company's Konarka Power Plastic technology is lightweight, flexible, scalable, and adaptable for use in a variety of commercial, industrial, government, and consumer applications. Konarka Technologies is headquartered in Lowell, MA, and has a full scale production manufacturing facility in New Bedford, MA, with European headquarters in Nurnberg, Germany, business development offices in Asia, and a research and development facility in Austria.

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