New Energy Appoints Elliot Maza CFO

New Energy Technologies, Inc. announced the appointment of its CFO, Elliot M. Maza, who brings more than 25 years of corporate finance, regulatory compliance, accounting, and legal expertise to the company.

Notably, Maza served as partner, transaction advisory services at Ernst & Young LLP, New York, NY, and previously as vice president, structured finance at the New York, NY offices of both Goldman Sachs & Co and JP Morgan Securities, Inc. Early in his career, Maza tenured as tax and corporate attorney at Sullivan & Cromwell, a 130-year-old global law firm. At its New York, NY offices, he advised multinational corporations and investment banks on tax consequences of equity, debt and derivative structures as well as domestic and cross-border merger and acquisition (M&A) transactions.

Maza received his bachelor’s degree from Touro College in New York and his J.D. degree from the University of Pennsylvania Law School. He is a licensed CPA in the states of New Jersey and New York and is a member of the New York and New Jersey State Bar.

Maza joins New Energy as CFO on a non-exclusive basis and, in addition to other appointments, continues to serve on the Board of Directors and is chairman of the Audit Committee of a publicly traded company, Chinese miner, refiner and producer of high purity tellurium (Te) and other metals for the solar photovoltaic (PV) industry. He has served on the Board of Directors, and was previously chairman of the Audit Committee, of several biotechnology and pharmaceutical companies. Maza also actively serves at a publicly-traded biotechnology company, where among other achievements, he has secured and successfully executed multiple financing transactions, and consummated intellectual property licenses with numerous global pharmaceutical companies.

“I’m honored to welcome Mr. Maza to our team, as part of our ongoing efforts to strengthen the company’s management team in preparation for the commercialization of our core technologies,” stated John Conklin, president and CEO of New Energy Technologies, Inc. “Recently, we’ve worked hard to build our management group, following several technical breakthroughs with important commercial benefits for both our SolarWindow and MotionPower technologies.”

Last week, the company also announced important additions to its Scientific Advisory Board, including the appointment of Dr. Steven S. Hegedus, to assist with development of New Energy’s SolarWindow, capable of generating electricity on see-thru glass windows.

Dr. Hegedus is a research scientist at the Institute of Energy Conversion (IEC) at the University of Delaware, the world’s oldest photovoltaic research laboratory. Dr. Hegedus is credited with more than 90 scientific publications related to thin film solar cell fabrication, characterization, manufacturing methods and reliability studies, and has played an active role in the development of numerous solar cell technologies, which have subsequently been commercialized. Dr. Hegedus received a bachelor’s in electrical engineering from Case Western Reserve University in 1977, a masters in electrical engineering from Cornell University, and Ph.D. in electrical engineering from the University of Delaware.

The company also appointed Jerry Lynch to its Scientific Advisory Board, to assist with the development of its MotionPower technologies for generating electricity from the motion of cars, trucks, and commercial vehicles.

Lynch is a licensed professional engineer in NY and NJ, and has authored numerous articles on design and industrial manufacturing. He has been certified by NIST as a Lean Manufacturing Expert and has helped more than 20 firms develop smart manufacturing methods and approaches.

Lynch has been responsible for the design and successful launch of hundreds of innovative technical new products, and brings significant international experience on major projects in Abu Dhabi, UAE, France, Philippines, Singapore, Indonesia and Spain. Over the past seven years, he has personally been involved in four pilot projects in the renewable energy sector, specifically in solar and hydrokinetic power generation. Lynch has a bachelor’s degree in engineering from the State University of New York at Stony Brook, and a masters in business management from Stevens Institute of Technology, NJ.