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NEAH Power Systems to Provide Energy Solutions For Global Security and Defense

Posted by AGORACOM-JC at 7:40 AM on Friday, June 5th, 2015

  • Enters into Teaming Agreement for Global Business Development and System Integration, and Negotiations Related to Product Distribution and Sales with Clear Path Technologies, Inc.
  • Main focus of business development effort undertaken with the Teaming Agreement is to jointly pursue security and defense business with the U.S. Department of Defense, U.S. Department of Homeland Security and U.S. Department of Energy, as well as with foreign government counterparts within regions where Clear Path has established strong relationships, including the Middle East, Africa and Asia Pacific Region

BOTHELL, Wash., June 5, 2015 — NEAH Power Systems, Inc. (OTCBB: NPWZ) (OTC: NPWZ) (the “Company”) and Clear Path Technologies (‘Clear Path’) announced today that they have entered into a Teaming Agreement for business development and system integration, and a Memorandum of Understanding (MOU) for the distribution, resale, and support of the Company’s products, including its Formira HODTM (Hydrogen On Demand) fuel cell to the growing global security and defense market.

The main focus of business development effort undertaken with the Teaming Agreement is to jointly pursue security and defense business with the U.S. Department of Defense, U.S. Department of Homeland Security and U.S. Department of Energy, as well as with foreign government counterparts within regions where Clear Path has established strong relationships, including the Middle East, Africa and Asia Pacific Region. Under the Teaming Agreement, Clear Path has also agreed to support NEAH Power with expert systems integration, engineering, technical and operational support.

The MOU entered into by NEAH Power and Clear Path provides the framework and terms by which a Distribution and Reseller Agreement will be executed. Said agreement will include definitive terms related to the distribution, sales, marketing and support of NEAH Power’s products in select regions and is expected to provide NEAH Power with expansive distribution and sales channels and high-level access to governmental agencies and commercial end users.

“We are excited to team with Clear Path to develop and support new commercial opportunities in the U.S. Government and in geographical regions in which we are not currently actively engaged,” said Dr. Chris D’Couto, President and CEO of Neah Power Systems, Inc. “With their expert management, strong commercial presence, unique system integration capabilities, and valuable geographical footprint, I am confident that together we will build relationships and the distribution and sales infrastructure that will establish a global market for NEAH Power’s products.”

As part of this collaboration, Clear Path has already identified substantial demand for NEAH Power’s product offerings for remote power applications in homeland defense projects through theMiddle East, Asia-Pacific and East Africa, and humanitarian efforts such as refugee camps and natural disaster response. Clear Path will work with NEAH Power to deliver a robust, reliable fuel cell system that will tolerate the conditions that systems experience in forward positions located in challenging environmental conditions, such that security and defense customers can unconditionally connect communications equipment, shelters, and control and surveillance electronics to NEAH Power’s systems.

“Based on feedback from some of the most experienced specialist and system engineers, we see NEAH’s Formira HODTM as an ideal, cost-effective, logistically viable solution for providing dependable remote power,” stated Roger Spillmann, President and CEO of Clear Path Technologies, Inc. “I believe NEAH’s fuel cell technology provides the most energy dense solution to power advanced, mission-critical sensor platforms that employs a safe liquid fuel which is readily available and can be easily transported, with less frequency. This makes it an optimal energy source to provide highly-dependable, portable, power in remote off-grid areas, notwithstanding addressing the power requirements of other military and commercial applications”

“In military applications, for example, the Formira HODTM will have a very significant impact and not only improve force protection by powering advanced sensors and equipment otherwise unavailable for lack of sufficient power, but also address the high expense, and control the risk of supply chain failure, that comes with frequent transporting of fuel to forward positions,” added Roger Spillmann. “For this reason alone, we believe the Formira HODTM system will result in more successful missions and prove invaluable to our customers.”

About Neah Power Systems, Inc

Neah Power Systems, Inc. is an innovator and supplier of cutting-edge power solutions for the military, transportation and portable electronics industries. Neah Power’s long-lasting, efficient, and safe solutions include patented and patent pending PowerChip®, Formira® and the BuzzBar Suite® of products. Most recently, Neah Power Systems was a 2012 ZINO Green Finalist, 2010 WTIA Finalist, and 2010 Best of What’s New Popular Science Award. For more information visitwww.neahpower.com.

About Clear Path Technologies, Inc.

Clear Path Technologies is a leader in advanced detection and identification sensors, and manufacturers of portable and robot-borne detectors incorporating its Atometry technology, which allow for non-invasive, non-destructive confirmatory detection of threat materials and other illicit substances. Clear Path’s Security Solutions Group provides customers with comprehensive security consulting, system design, training and support services. CPT Security Solutions comprises industry leading security and defense consultants, engineers and technologists. Clear Path’s team includes experts in military, commercial, and industrial solutions, with each security consultant having 20+ years of global experience in system design and systems integration. For more information visit http://www.clear-path-tech.com/

Forward Looking Statements

Certain of the statements contained herein may be, within the meaning of the federal securities laws, “forward-looking statements,” which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, and the Company does not undertake any responsibility to update any of these statements in the future. Please read Neah Power System’s Form 10-K for the fiscal year ended September 30, 2014 and its Quarterly Reports on Form 10-Q filed with the SEC during fiscal 2015 for a discussion of such risks, uncertainties and other factors.

For more information please contact the Company at 
David Schmidt, CFO
[email protected] 
+1-425-424-3324 ext. 110

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Neah Power Systems to Present at the Growth Capital Expo in Las Vegas

Posted by AGORACOM-JC at 8:21 AM on Thursday, April 9th, 2015

BOTHELL, WA / April 9, 2015 /Neah Power Systems, Inc. (PINKSHEETS:NPWZ) is pleased to announce that the company will be presenting at the 2nd Annual Growth Capital Expo being held on April 12 – 14, 2015 at Caesars Palace in Las Vegas, NV.

Dr. Chris D’Couto, President and CEO of Neah Power Systems, Inc., will be presenting on Track 1 at 12:30pm Pacific Time on Tuesday, April 14, 2015.

The Growth Capital Expo isn’t just another MicroCap investor conference. It is three conferences in one:

-Presentationsby selected MicroCap and pre-IPO growth companymanagement teams showcasing the best opportunities of the year for emerging growth investment. Meet with management directly to build relationships and source new deals.
–Two full days of educational panels and presentationsby the leading practitioners of investment in public and late-stage private emerging growth companies. Get concise, actionable advice on legal and market issues and trends.
-Half-day pre-conference Public Company Boot Campdesigned specifically for executive managers of pre-IPO and recently public companies seeking to hone their skills at choosing board members and advisors, negotiating with investors, market messaging and corporate governance.

If you would like to attend the company’s presentation in Las Vegas, registration is still open. Follow this link:REGISTER.

About Neah Power Systems, Inc.

Neah Power Systems, Inc. is an innovator and supplier of cutting-edge power solutions for the military, transportation and portable electronics industries. Neah Power’s long-lasting, efficient, and safe solutions include patented and patent pending PowerChip(R), Formira(R) and the BuzzBar Suite(R) of products. Most recently, Neah Power Systems was a 2012 ZINO Green Finalist, 2010 WTIA Finalist, and 2010 Best of What’s New Popular Science Award. For more information visitwww.neahpower.com.

Forward Looking Statements

Certain of the statements contained herein may be, within the meaning of the federal securities laws, “forward-looking statements,” which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, and the Company does not undertake any responsibility to update any of these statements in the future. Please read Neah Power System’s Form 10-K for the fiscal year ended September 30, 2014 and its Quarterly Reports on Form 10-Q filed with the SEC during fiscal 2015 for a discussion of such risks, uncertainties and other factors.

For more information please contact:

Crescendo Communications LLC
Phone: +1 (212) 671-1020 x303
Email:[email protected]

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Irons in the Fire: NEAH Power Signs New Partnership Deal

Posted by AGORACOM-JC at 12:55 PM on Tuesday, March 24th, 2015

WHITEFISH, MT / March 24, 2015 / The global market for fuel cells is expected to grow at a 22.6% clip between 2014 and 2020 to reach 664.5 GW in size, according to Grand View Research, due to an increasing shift toward renewable energies. Portable applications dominated the market for the energy sources, accounting for 71.2% of total unit shipments in 2013, driven by military applications and other markets requiring energy on-the-go.

In this article, we’ll take a look at NEAH Power Systems Inc.’s (OTC: NPWZ) innovative power solutions and some recent deals that could generate significant shareholder value over the short- and long-term.

Formira HOD(TM) Integrates with BANTAM

NEAH Power Systems’ Formira Hydrogen on Demand – Formira HOD(R) is a reformer platform for direct on-site generation of hydrogen gas. Using the platform, customers can carry a liquid with a better safety profile and generate hydrogen gas at the point of use rather than carrying around dangerous high-pressure gas cylinders. The improved safety profile is particularly helpful in military and commercial applications with a lot at stake.

In a recent shareholder letter, President & CEO Chris D’Couto indicated that the company has been in regular discussions with leading unmanned aerial systems (“UAS”), automotive, off-grid power, and medical device companies regarding the integration of the Formira(TM) technology to improve the safety and performance of off-grid power systems across a wide array of applications.

The technology received a more recent vote of confidence on March 17th when the company entered into an international partnership agreement with Tectonica Australia. By integratingFormira(TM) with the company’s BANTAM(R) System and other new products developed using its integration expertise, NEAH Power Systems has created yet another promising channel for its innovative technology.

SECFilings.com Executive Interview Series | Chris D’Couto / CEO of Neah Power Systems, (NPWZ) fromTDM Financial on Vimeo.

PowerChip(R) is Validated by DRDO

NEAH Power Systems’ PowerChip(R) is a silicon-based fuel cell is capable of operate without air, which makes it ideal for applications where the quality of surrounding air is unpredictable or unavailable. In addition to these unique properties, the fuel fells have higher power densities, lower costs, and more compact form factors that make them perfect for underwater or other critical air-less applications.

In November 2013, the company announced initial orders from India’s Department of Defense Organization (“DRDO”) estimated to be worth $172,000. Management shipped and completed the testing of these units in February of 2015, which represents a critical milestone in the licensing agreement. In the release, the company hinted toward a potential “significant contract” in the future.

The completion of the DRDO order also represents a critical validation of the technology. With a commercial proof-of-concept in place, the company can leverage the deal when selling the same type of units to other customers across a wide range of industries, including many different private sectors. The combination of the short-term DRDO contract and long-term adoption yields a great opportunity.

Buzzbar(TM) Moves into Production

NEAH Power Systems’ BuzzBar(TM) technology suite is designed to take power inputs from a variety of source – from wall outlets to solar panels – and use it to charge a convenient fuel cell that’s comparable in size to many smartphones. After launching on IndieGoGo as the only compact off-grid recharging solution for USB devices, the company has shipped most of its initial orders and is iterating on the product.

According to its 10-K SEC filing, the company has already presented the product to “Big Box” retailers that have expressed and interest and sent proposals to move the purchasing process along. No official agreements have been announced so far, but the potential for a large consumer distribution agreement creates a big potential catalyst for potential investors and existing shareholders.

Shorai Acquisition Adds Revenue

NEAH Power Systems signed a definitive agreement to acquire Shorai Inc., a leading provider of lithium-ion power sports and starter battery solutions for the consumer motorsport industry. With over $4 million in unaudited 2014 revenue and cash flow positive operations, the acquisition provides shareholders with immediate and likely accretive revenue, as well as product and operational (manufacturing, shipping, distribution, brand recognition) synergies between the companies.

Shorai plans to introduce an exciting new control technology in 2015 to improve their competitive position within the performance lithium-ion battery space. In addition, the firm is nearing production of an all-new product that addresses wider markets in motorcycle, automotive, and military sales channels, which could significantly expand its top-line performance and unlock even more value.

Finally, there are many potential synergies between the companies given the similarity of their product lines. Management anticipates numerous product, operational, and marketing synergies, including cross-marketing opportunities with its Formira(TM) and BuzzBar(TM) product lines. Investors may want to keep a close eye on these developments given the potential to accelerate organic revenue.

Valuation & Looking Ahead

NEAH currently has 12 patents, 4 patents pending, and 8 patent applications covering the Formira HOD®, PowerChip(R) and BuzzBar(R) products. The Company has a strong differentiation in the space for its unique technology, has won various awards including Best of What’s New 2010 Popular Science award and MIT Magazine of Innovation and it has already received funding from the likes of the US Navy and Intel Capital.

NEAH Power Systems trades with a market capitalization of just $7.8 million, despite its promising products and potential near-term catalysts. Last quarter, the company reported $179,261 in revenue, which could expand to reach a quarterly run rate of over $1 million following the Shorai acquisition alone. The company’s high gross margins mean only its fixed costs remain to be covered before profits.

With advanced battery companies like Ultralife Corp. (NASDAQ: UBLI) trading at 0.6x EV/Revenue, energy storage companies like ZBB Energy Corporation (AMEX: ZBB) trading at 1.0x EV/Revenue, and fuel cell companies like Plug Power Inc. (NASDAQ: PLUG) trading at nearly 7x EV/Revenue, the company’s modest $9.8 million EV and at least $4 million in revenue suggest it could be undervalued.

In the end, the company has developed stable revenue streams with large potential upside and a near-term cash flow breakeven point. The high margin business could quickly generate significant shareholder value, with its fully-outsourced manufacturing model and customer-funded development.

For more information, visit the company’s website at www.neahpower.com.

Legal Disclaimer:

Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit:http://secfilings.com/Disclaimer.aspx.

SOURCE: Emerging Growth LLC

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NEAH Power and Tectonica Execute Partnership Agreement for International Business and New Product Development

Posted by AGORACOM-JC at 7:24 AM on Tuesday, March 17th, 2015

Formira Hydrogen on Demand (HODTM) platform from Neah and BANTAM system from Tectonica form creative platform for differentiated off-the-grid products

BOTHELL, Wash., Mar. 17, 2015 — NEAH Power Systems, Inc. (OTCBB: NPWZ) (OTC: NPWZ) and Tectonica Australia (Tectonica) announced an international partnership agreement to integrate the formic acid reformer (Formira HOD(TM)) with Tectonica’s BANTAM System and into new products developed using Tectonica’s system integration expertise to offer integrated, robust, off-the-grid and on-demand power generation/solutions for a variety of markets. In addition to this product integration, since Neah and Tectonica have marketing presence in different global geographic regions, the agreement allows each company to market their new partners’ products in areas where they already have a strong client base. This joint marketing relationship offers strong economic possibilities to both companies with no capital investment necessary.

“We are thrilled to team with Tectonica for business and product development. Their system integration expertise allows us to integrate the Formira HODTM platform into a seamless, user focused power-on-demand system for defense, commercial and other off-the-grid requirements. Our business relationships in the US and India can further our common business interests to meet the critical power needs of our customers,” said Dr. Chris D’Couto, President and CEO of Neah Power Systems, Inc. “With the user friendly, intuitive design of Tectonica’s BANTAM Power Management System, even in the heat of battle, the powering of mission-critical devices such as night vision goggles or satellite telephones can be managed from a single power source, easily and with confidence.

David Levy, Managing Director of Tectonica said, “The companies’ complementary products and expertise make this an exciting partnership. The Formira HODTM platform’s exceptional energy density and simplicity to use make it a logical choice to add on-demand power to the BANTAM system. Together, Neah and Tectonica will continue to improve the power solutions available to customers unsupported by grid power. Our established relationships in Australia and internationally, including the United Kingdom and South East Asia, are very complementary to Neah’s, and will serve to extend the reach of both companies to deliver real power solutions to our customers and we look forward to continue developing integrated, user-focused power solutions for global distribution.”

About Neah Power Systems, Inc

Neah Power Systems, Inc. is an innovator and supplier of cutting-edge power solutions for the military, transportation and portable electronics industries. Neah Power’s long-lasting, efficient, and safe solutions include patented and patent pending PowerChip, Formira and the BuzzBar Suite of products. Most recently, Neah Power Systems was a 2012 ZINO Green Finalist, 2010 WTIA Finalist, and 2010 Best of What’s New Popular Science Award. For more information visit www.neahpower.com.

About Tectonica

Tectonica Australia is a leading defense and security systems integrator. Since 2002, Tectonica has developed fully integrated systems for armored vehicles, ground stations and soldiers. In partnership with local and international organizations, Tectonica offers a comprehensive range of defense and security solutions in the areas of http://www.tectonica.net/land-systems/tactical-navigation/protected-land-navigation-system Protected Navigation, Portable Power, Command, Control, Communications, Computer, Intelligence and Electronic Warfare (C4IEW) and Crew Survivability. Tectonica is focused on providing Australian Department of Defense, Defense Industry, Government and Security clients with cutting edge technology to meet the capability challenges of the future. For more information visit www.tectonica.net

Forward Looking Statements

Certain of the statements contained herein may be, within the meaning of the federal securities laws, “forward-looking statements,” which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, and the Company does not undertake any responsibility to update any of these statements in the future. Please read Neah Power System’s Form 10-K for the fiscal year ended September 30, 2014 and its Quarterly Reports on Form 10-Q filed with the SEC during fiscal 2015 for a discussion of such risks, uncertainties and other factors.

For more information please contact: Crescendo Communications LLCPhone: +1-(212)671-1020 x303Email: [email protected]

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/neah-power-and-tectonica-execute-partnership-agreement-for-international-business-and-new-product-development-300051586.html

SOURCE Neah Power Systems, Inc.

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Neah Power Systems Provides Letter to Shareholders Updating Business and Technology Developments

Posted by AGORACOM-JC at 6:00 AM on Thursday, February 12th, 2015

BOTHELL, Wash., Feb. 12, 2015 — Neah Power Systems, Inc. (OTCBB: NPWZ) (OTCQB: NPWZ) an emerging leader in fuel cell-based power generation and lithium ion-based storage solutions for the unmanned aerial vehicles (defense and commercial), military, transportation and portable electronics industries, provides the following letter to shareholder from Chris D’Couto, President & CEO of Neah Power Systems:

To our shareholders:

We continue to be very enthused about our accomplishments, the opportunities ahead of us and the difference we can make in people’s lives through our patented and disruptive technologies. These technologies have the potential to transform the fuel cell market, and the costs associated with electric power for a variety of industries from defense to automotive and even distributed power generation. We are continuing to seize new opportunities to increase shareholder value by growing revenue, while carefully managing expenses. For our fiscal Q1-2015 we generated revenue around the shipments to the DRDO (Government of India). We believe this was an important milestone and further validation of our technology. Overall, these are very exciting times for Neah, as we are now moving rapidly from a development stage company to full commercialization across our product lines. As such, I would like to draw your attention to some very exciting developments below including the recent Shorai acquisition, the Buzzbar Suite, the Formira Hydrogen on DemandTM (HOD) system and the PowerChip technology.

The Shorai acquisition

We announced the signing of a definitive agreement to merge with Shorai, Inc., in January 2015. Shorai is a leading provider of lithium ion-based power sports and starter battery solutions for the consumer motorsport industry. Neah Power has until February 28, 2015 to make the $1,000,000 cash payment and close the merger transaction. This merger is expected to be immediately accretive with Shorai reporting over $4.0 million (unaudited) revenue for the twelve months ended December 2014 and the company was cash flow positive for the fourth quarter of 2014. This allows us to realize product, marketing and operational synergies in the near future.

PowerChip® Product

We recently announced the successful completion of testing of three PowerChip® units with the Defense Research and Development Organization (DRDO) of the Government of India. These units were manufactured and shipped against an issued open purchase order. Product testing, qualification and acceptance were completed by December 2014. This was a key accomplishment in the history of the Company, and we have proceeded to discussions related to completing the licensing agreement.

BuzzBar Suite Gen 2

We have shipped most of the orders that we received through the website and our Indiegogo campaign. We also presented the product to various big box retailers and end users, and have aggregated the feedback from them into BuzzBar Gen 3. We will reveal details later, but BuzzBar Gen 3 features some exciting innovations! We expect the first run of these units to be available in April 2015.

Formira Hydrogen on Demand

Our Formira HODTM continues to demonstrate best in class performance and we are in discussions with leading unmanned aerial systems (UAS), automotive, off-grid power, and medical device companies. The Formira HOD is a safe, energy dense solution for production of hydrogen for a variety of applications and surpasses other sources of energy like compressed hydrogen, the most commonly used method of utilizing hydrogen to generate energy. We continue to progress with the integration of the fuel cell in the UAS (Drone) as previously discussed.

Thank you for your continued support and we look forward to exciting times ahead of us. Our success is due to our employees, our supportive shareholders, our Board of Directors and our Strategic Advisory Board. We have a number of exciting commercialization opportunities on the horizon and I look forward to your continued support. Our team is hard at work doing a phenomenal job for you, our shareholders, and our customers.

Best Regards,

Chris D’Couto
President & CEO
Neah Power Systems

Forward Looking Statements

Certain of the statements contained herein may be, within the meaning of the federal securities laws, “forward-looking statements,” which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, and the Company does not undertake any responsibility to update any of these statements in the future. Please read Neah Power System’s Form 10-K for the fiscal year ended September 30, 2014 and its Quarterly Reports on Form 10-Q filed with the SEC during fiscal 2014 for a discussion of such risks, uncertainties and other factors.

For more information please contact
Crescendo Communications LLC
Phone: +1 (212) 671-1020 x303
Email: [email protected]

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Neah Power Systems to Present at The Brewer Group Innovations Conference

Posted by AGORACOM-JC at 7:36 AM on Thursday, February 5th, 2015

BOTHELL, Wash., Feb. 5, 2015 — Neah Power Systems, Inc. (OTCBB: NPWZ) (OTCQB: NPWZ) an emerging leader in fuel cell-based power generation and lithium ion-based storage solutions for the unmanned aerial vehicles (defense and commercial), military, transportation and portable electronics industries, today announced that Mr. David Schmidt, Principal Financial Officer and Member of Board of Neah Power will present on Monday, February 9th at 2:30 p.m. EST, at The Brewer Group Innovations Conference. The conference is being held on February 9th, 2015 at the Mondrian South Beach in Miami, Florida.

The Innovations Conference is hosted by The Brewer Group, Inc. (TBG), an industry agnostic holding company with assets ranging across numerous sectors. The conference represents an opportunity for small cap, middle market and emerging private and public companies to showcase their products, services and programs. It is a new venue for experts and investors to collaborate, exchange research and wisdom and take advantage of an intellectually diverse environment to evolve ideas in multiple fields. For more information please visit www.thebrewergroup.com.

About Neah Power Systems

Neah Power’s core solutions have a small form factor, recharge instantly, and operable in air and non-air environments, providing a longer life with lower total cost of ownership. Neah Power’s Solutions offerings include the patented and patent pending PowerChip®, Formira® and the BuzzBar Suite® of products. For more information please visit 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,” which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, and Neah Power does not undertake any responsibility to update any of these statements in the future. Please read Neah Power’s Form 10-K for the fiscal year ended September 30, 2014 and its Quarterly Reports on Form 10-Q for a discussion of such risks, uncertainties and other factors.

For more information please contact
Crescendo Communications LLC

Phone: +1 (212) 671-1021
Email: [email protected]

SOURCE Neah Power Systems, Inc.

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INTERVIEW: Neah Power Systems – Q&A Session Vol. 6 – January 28, 2015

Posted by AGORACOM-JC at 6:21 AM on Thursday, January 29th, 2015

Welcome to AGORACOM Q&A. We have invited Neah Power Systems Investors to ask questions which have been answered directly by management. With us today is Dr. Chris D’Couto President of Neah Power Systems, a developer of fuel cell power solutions using proprietary, award winning technology for the military, transportation, and portable electronic devices.

Hub On AGORACOM / Watch Interview Now!

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Neah Power Systems successfully completes PowerChip® testing at DRDO of the Government of India

Posted by AGORACOM-JC at 6:00 AM on Thursday, January 22nd, 2015

Licensing opportunities forthcoming

Bothell, WA (January 22, 2015) – Neah Power Systems, Inc. (OTCQB: NPWZ) an emerging leader in fuel cell-based power generation and lithium ion-based storage solutions for the unmanned aerial vehicles (defense and commercial), military, transportation and portable electronics industries, today announced that it had successfully completed testing of the PowerChip® units at a Defense Research and Development Organization (DRDO), Government of India facility and it had received payment of approximately $165,000 for these initial test units. This successful completion of testing is a critical milestone in completing the licensing agreement with the DRDO. The DRDO is an agency of the Republic of India, responsible for the development of technology for use by the military.

Chris D’Couto, Neah Power’s Chief Executive Officer said, “We are pleased to announce the successful testing of the PowerChip® units to the specifications provided, and to have met the needs of a key customer and government entity. This further substantiates the value proposition of the PowerChip fuel cell in terms of differentiated performance from other fuel cell, including non-air operation and semiconductor-based manufacturing, as well as the ability to meet the needs of mission critical applications. We are very excited to have met this critical milestone to completing the licensing agreement which we expect to be a significant contract which the Company will update at the appropriate time. This will enable us to further adoption for a variety of applications in our targeted industries. We are optimistic about the future growth prospects of Neah Power Systems.”

About Neah Power

Neah Power’s core solutions have a small form factor, recharge instantly, and operable in air and non-air environments, providing a longer life with lower total cost of ownership. Neah Power’s Solutions offerings include the patented and patent pending PowerChip®, Formira® and the BuzzBar Suite® of products. For more information please visit www.neahpower.com.

For more information please contact
Crescendo Communications LLC
Phone: +1 (212) 671-1021
Email: [email protected]

Forward Looking Statements

Certain of the statements contained herein may be, within the meaning of the federal securities laws, “forward-looking statements,” which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, and Neah Power does not undertake any responsibility to update any of these statements in the future. Please read Neah Power’s Form 10-K for the fiscal year ended September 30, 2014 and its Quarterly Reports on Form 10-Q for a discussion of such risks, uncertainties and other factors.

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END OF DAY ALERT – (NPWZ: OTC Pink) Up 53% on 9.9M Shares Traded *Client*

Posted by AGORACOM-JC at 4:12 PM on Thursday, January 8th, 2015

END OF DAY ALERT!!!

NPWZ: OTC PInk

Last: $0.01 Up: $0.0035

Percent: 53% Volume: 9.9M

—————-

Neah Power Systems Agrees to Acquire Shorai, the Leading High Performance, Lithium-ion Power Starter Battery Company

  • Merger is expected to be immediately accretive
  • Shorai reporting over $4.0 million (unaudited) revenue in for the twelve months ended December 2014
  • Cash flow positive for the fourth quarter of 2014
  • Shorai, Inc. a leading provider of lithium ion-based power sports and starter battery solutions for the consumer motorsport industry

Hub On AGORACOM / Read Release

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Mid Day Medical Marijuana Market Movers (N.CSE +42%, ENRT:OTC +18%, LXX:C +8.7%)

Posted by AGORACOM-JC at 12:31 PM on Tuesday, March 18th, 2014

 

 

Last: $0.85 Up: $0.18

Percentage: 18% Vol. 2.8M

Hub On AGORACOM / Corporate Profile / Corporate Website

——————

LXRP: OTCQB, LXX: CSE

Last: $0.50 Up: $0.04

Percentage: 8.7% Vol. 219K

Hub On AGORACOM / Corporate Profile / Corporate Website

Start your small cap medical marijuana research in the AGORACOM Small Cap Medical Marijuana Stocks Gateway
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