Konarka Technologies Strengthens European Market Position, Appoints World-Renowned Scientific and Business Leaders to Board of Advisors

Lowell, MA – January 19, 2004 – Konarka Technologies, Inc. announced it has expanded its base of operational and scientific expertise by appointing two major industry figures to its Board of Advisors. Dr. Donald Fitzmaurice and Justin Adams have been named to Konarka’s Board of Advisors to guide Konarka’s scientific and business development respectively. The new additions follow Konarka’s previous announcement that it hired industry veteran Daniel Patrick McGahn as EVP and Chief Marketing Officer to lead Konarka with product development, revenue production and global market expansion. Konarka is the leading developer of polymer photovoltaic products that provide a source of renewable power in a variety of form factors. Konarka’s photovoltaic nanotechnology is focused on delivering lightweight, flexible, scalable and manufacturable products.

"Donald and Justin are key representatives who will provide a wealth of strategic insight to guide and accelerate Konarka’s commercialization of products and growth into the European market," said Howard Berke, Chairman, Konarka Technologies, Inc. "Both Advisory Board members have a solid understanding of the issues that need to be addressed in the markets we will enter, as well as the challenges emerging companies face in commercializing new technologies. Their knowledge will ultimately help transition our firm into a global manufacturer and provider of products especially in Europe," Berke added.

"Donald is a recognized visionary with impressive technical credentials," said Dr. Bill Beckenbaugh, Konarka’s President and Chief Executive Officer. "His work developing and commercializing nanomaterial-based products is directly applicable to the technical and product development underway at Konarka. We look forward to working closely with him as Konarka further develops and implements its vision of building revolutionary products that convert light to energy."

"Justin has proven experience directing and growing renewable energy and nanotechnology businesses and we welcome him to our Board of Advisors," said Daniel McGahn. "Justin’s expertise will be valuable as Konarka expands its business relationships in Europe and takes its products to the world market." Some of the markets Konarka will enter include on-board power for portable electronics, off-grid habitation construction and government applications.

Dr. Donald Fitzmaurice Dr. Fitzmaurice is Professor of Nanochemistry at University College Dublin. With over one hundred and fifty publications and patents to his name, he is established as a leading researcher in the field. He is serving his second term as a member of the Irish Council for Science Technology and Innovation, the body responsible for advising the national government on these and related matters. He is the founder of NTERA Ltd., the electronic paper company. NTERA Ltd. is a Dublin-based nanotechnology company founded in 1997 with objectives to develop and commercialize nanomaterial-based product applications in visual and display related products. During a recent secondment to the company as Chief Technology Officer, he focused raising the funds necessary to grow the company and on building a world-class technology team. He has recently joined Draper Fisher Jurvetson, a leading venture capital fund with a particular focus on nanotechnology, as a Venture Partner. Honors include: the Newman Fellowship from University College Dublin (1991-1993); Global Research Awards from IBM (1998 and 1999); and a Blue Skys Research Award from Zeneca (1998). Dr. Fitzmaurice received his Ph.D. and D.Sc. from the National University of Ireland.

Justin Adams Justin Adams serves as the CEO of High Power Lithium (HPL) a Swiss battery company developing nanomaterials and advanced electrolytes for next generation Li-ion batteries to be deployed in hybrid electric vehicles (HEVs). The company has relationships with Japanese companies who lead the field in Li-ion and HEVs. In addition to his work with HPL, Adams advises and works with several of the leading energy majors and large automotive companies on the impact of future carbon constraints, emerging energy technologies and the potential of nanotechnology. Before moving to his current role Adams was General Manager for Energy Technologies for NTERA Ltd. a leading European nanotechnology company. Prior to that he worked with Arthur D. Little for five years, ultimately leading the Advanced Energy practice in Europe delivering strategic and technology consulting to many of the leading energy majors including BP (NYSE: BP), Shell, Statoil (NYSE: STO), and BG Group (NYSE: BRG). The technology areas Adams has worked in include renewables (principally solar and wind), the hydrogen economy, advanced automotive batteries, carbon capture and storage, new gas technologies and nanomaterials. Adams holds a BSc in Management from the University of Bath (UK) and University of Richmond (USA).

About Konarka Technologies, Inc. Konarka builds products that convert light to energy - anywhere. Konarka is the leading developer of polymer photovoltaic products that provide a source of renewable power in a variety of form factors for commercial, industrial, government and consumer applications. Konarka’s photovoltaic nanotechnology is focused on delivering lightweight, flexible, scalable and manufacturable products. Konarka has a broad portfolio of patents, technology licenses and a technical team that includes Nobel Laureate Professor Alan Heeger (UC Santa Barbara), Dr. Michael Grätzel (Ecole Polytechnic Fédérale de Lausanne) and Dr. N. Serdar Sariciftci (Johannes Kepler University). Konarka is funded by Draper Fisher Jurvetson, Zero Stage Capital, Ardesta LLC, NGEN, ChevronTexaco (NYSE: CVX) and Eastman Chemical Company (NYSE: EMN). Konarka Technologies is headquartered in Lowell, MA, U.S.A. and has subsidiaries in Linz, Austria and Zug, Switzerland. For more information, visit http://www.konarka.com or contact Joe Romano, Partner, HighGround, Inc. at 781-279-1320 x 208 or .(JavaScript must be enabled to view this email address).