SOURCE: NEAH Power Systems

October 06, 2011 09:00 ET

Neah Discusses Recent Interest in Its Proprietary Fuel Cells

BOTHELL, WA--(Marketwire - Oct 6, 2011) - Neah Power Systems, Inc., (OTCBB: NPWZ) comments on the recent interest being generated by its fuel cells.

Dr. Chris D'Couto, CEO, stated, "We have recently made several announcements regarding the interest our silicon based fuel cell has received from various companies who are discussing areas of collaboration with us, such as The Boeing Company. I feel it important to discuss several reasons we believe for this interest in our technology. First, the all-liquid fuel and oxidant system that we continue to build upon has opened up a growing catalog of applications that were previously considered unsuitable for fuel cells. Unlike other fuel cell systems that require a clean, controlled and abundant air supply, our fuel cell is a closed system and can operate in non-air environments. Independent of the existence and quality of outside supplies of air, our fuel cell is capable of operating in diverse environments such as underwater, in burning buildings and in deserts or rain forests. Second, our fuel cell has a greater power capacity for its size compared to other competing fuel cells. Third, our fuel cells are capable of being manufactured using existing silicon manufacturing facilities, representing potentially significant cost savings over manufacturing for existing fuel cell technology. We believe that these factors, among others, allow us to offer differentiated and competitive products to the Boeing Company and also to the large US defense supplier we previously announced as well as other customers where these advantages would apply."

About Neah Power
Neah Power Systems, Inc. is developing long-lasting, efficient and safe power solutions for the military, transportation, and for portable electronics applications. We use a unique, patented, award winning, silicon-based design for our Powerchip micro fuel cells that enable higher power densities, lower cost and compact form-factors, and that can run in aerobic and anaerobic modes.

Neah Power is headquartered in Bothell, Washington, and its common stock trades on the OTC Bulletin Board under the symbol "NPWZ." Further company information can be found at www.neahpower.com.

Forward-Looking Statements
Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements," including as to the effectiveness and cost savings from any system that we may develop, and viability and market acceptance of our products and technology. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks include, but are not limited to whether discussions with prospective customers will lead to a definitive licensing or sales agreement for our products, our ability to successfully develop systems to meet a customer's specifications, market acceptance of our products, competitive factors, changes in the regulatory environment, and other risks and uncertainties set forth in our periodic filings with the U.S. Securities and Exchange Commission (including our Form 10-K for the fiscal year ended September 30, 2010). These forward-looking statements are based on management's expectations as of the date hereof, and we do not undertake any responsibility to update any of these statements in the future.

Contact Information

  • Company Contact:
    Stephen Wilson
    Chief Financial Officer
    Neah Power Systems, Inc.
    info@neahpower.com
    425-424-3324