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Acquisition Enables Customer Focused Product Offerings
BOTHELL, WA–(Jan 8, 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 has signed a definitive agreement to merge with Shorai, Inc., a leading provider of lithium ion-based power sports and starter battery solutions for the consumer motorsport industry. This merger is expected to be immediately accretive with Shorai reporting over $4.0 million (unaudited) revenue in for the twelve months ended December 2014 and was cash flow positive for the fourth quarter of 2014. The combined organization, which will be called Neah Power Systems, will deliver a comprehensive suite of alternative energy power generation and storage solutions through a diverse portfolio of proprietary technologies, which include 12 patents and 6 patents pending.
Chris D’Couto, Neah Power’s Chief Executive Officer said, “Our customers, whether defense, commercial or consumer, want to see integrated power solutions that uses best of breed technologies in order to meet their mission critical needs. Completing this merger allows us to create product, operational and marketing, synergies to meet these customer needs. With the Formira Hydrogen on Demandâ„¢ and BuzzBar® Suite products generating a lot of commercial and consumer interest, this merger allows us to create compelling total solutions. We intend to update on the various product segments in more detail in the coming weeks.”
David Radford, CEO of Shorai, Inc stated, “Shorai is poised for a leap in growth, and we are thrilled to have the backing and technology of Neah Power Systems to help drive our success. In the very near term, Shorai will introduce exciting new control technology in 2015 to increase our lead in lithium power battery performance. Also near production is an all-new Shorai product that addresses wider markets in motorcycle, automotive and military sales channels. Going forward Shorai manufacturing, distribution, and marketing expertise will complement Neah’s patented fuel cell technologies, and together open a wide range of sales opportunities in the defense, commercial and consumer markets. The match has very clear synergies which will foster products and profitability for both companies, far beyond what either could accomplish alone.”
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 visit www.neahpower.com.
About Shorai
Founded in 2010 and based in Morgan Hill, CA, Shorai, Inc. has quickly become the world’s best-known producer of lithium ion power sports batteries. Shorai is leading the conversion from traditional lead-acid batteries to lighter, more efficient and higher performance lithium starter batteries. For more information visit www.shoraipower.com.
More information will be available in Neah Power’s Current Report on Form 8-K, to be filed with the SEC.
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.
$50M+ Invested into Neah Power Systems
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Recent News…
$50M+ into Neah Power Systems
Neah working with leading defense, commercial and consumer companies
Welcome to Beyond The Press Release, a production of AGORACOM in which we speak to Small Cap CEOs and executives about their recent press releases. With us today is Dr. Chris D’Couto President of Neah Power Systems.  Neah Power Systems is a developer of fuel cell power solutions using proprietary, award winning technology for the military, transportation, and portable electronic devices.
$50M+ Invested into Neah Power Systems
Neah Power Systems announced that it will be partnering with Silent Falconâ„¢ UAS Technologies (‘Silent Falcon’) to integrate the formic acid reformer (Formiraâ„¢) based fuel cell technology into the Silent Falcon UAV.
Formira® Hydrogen-on-Demand Technology Expected to Increase Mission Endurance and Enable Heavier Payloads; Jointly Published White Paper Available on Website
BOTHELL, WA–(Oct 15, 2014) – Neah Power Systems, Inc. (OTCQB: NPWZ) will be partnering with Silent Falconâ„¢ UAS Technologies (‘Silent Falcon’) to integrate the formic acid reformer (Formiraâ„¢) based fuel cell technology into the Silent Falcon UAV. A jointly published white paper is available at www.neahpower.com and at www.silentfalconuas.com. The fuel cell could significantly increase the mission endurance by between two times to three times the current duration, as well as enable heavier payloads. Formic acid is a safe, energy dense fuel, allowing easy handling, distribution, and refueling in remote locations worldwide, unlike compressed hydrogen.
The patent pending Silent Falcon is a solar/electric, all composite, modular small Unmanned Aircraft System (sUAS) designed for commercial, public safety, and military applications. With Silent Falcon’s solar electric propulsion system, rugged composite structure, and three interchangeable wing configurations, it is the first sUAS capable of meeting long range and long endurance mission profiles.
“We are thrilled to be partnering with Silent Falcon UAS Technologies. We are looking forward to this joint development of extending the mission endurance for their UAS,” said Chris D’Couto, president and CEO of Neah Power Systems, Inc. “The Formira technology uses a liquid fuel, and is a very attractive energy option as it does not have the low energy density, safety and handling challenges of compressed hydrogen.”
John W. Brown, Silent Falcon CEO said, “I believe the biggest advantage to having a Neah fuel cell on board Silent Falcon will not only be the extra endurance, but the ability to carry heavier and power hungry payloads. This is already one of our most important competitive differentiators and is what is attracting lots of folks to our products. Neah will also give us the ability to offer extended endurance at night, which is huge from our perspective. We look forward to integrating this technology into our UAV for a demonstrable performance advantage and the ability to serve an even wider range of markets and applications.”
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 Silent Falcon UAS Technologies
Silent Falcon UAS Technologies was established in 2010 to develop patent pending, state-of-the-art small Unmanned Aircraft Systems, components and sensors for the global commercial, public safety and military ISR markets. The company is headquartered in Albuquerque, New Mexico. For more information visit www.SilentFalconUAS.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, 2013 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.
African Chamber of Commerce Invites Dr. Chris D’Couto to Present BuzzBar Suite to Meet Africa Off-the-Grid Power Needs
BOTHELL, WA–(Oct 14, 2014) – Neah Power Systems, Inc. (OTCQB: NPWZ), an innovator and supplier of cutting-edge power solutions for the military, transportation and portable electronics industries, is pleased to announce Dr. Chris D’Couto, President and CEO of Neah Power Systems, has been invited as a special guest to attend and present about the BuzzBar Suite at the African Chamber of Commerce of the Pacific Northwest (ACCPNW) in Seattle, WA, on Tuesday, October 14, 2014. Dr. D’Couto will discuss the ability of the product to address off-grid power for consumers, and the campaign to benefit the Asante Africa Foundation.
“I am honored to be invited to the African Chamber of Commerce of the Pacific Northwest to discuss with the attendees our BuzzBar Suite product line and other products for off-grid power,” said Dr. Chris D’Couto, CEO of Neah Power Systems. “Neah Power Systems takes pride in serving these emerging markets and working with ACCPNW to develop business prosperity between Africa and the Northwest United States.”
The BuzzBar Suite® (www.buzzbarsuite.com) is the ONLY product that enables off-the-grid recharging of mobile consumer electronics via USB connectors from solar panels, AA/AAA batteries, fuel cells or the grid or any combination of these sources.
About The African Chamber of Commerce of the Pacific Northwest
The African Chamber of Commerce of the Pacific Northwest (ACCPNW) is a membership based, non-profit organization. This mission of ACCPNW is to promote an environment of direct trade and business prosperity between Africa and the Northwest United States. ACCPNW provides free business seminars to local minority business owners. The training courses range from the process of starting and sustaining a business to the techniques of effective business development. ACCPNW was established in January of 1998.
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.
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, 2013 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.
Indiegogo Campaign Demonstrates Power to “Go Anywhere. Take Charge.”
BOTHELL, WA, Sep 16, 2014 — Neah Power Systems Inc. (OTCBB: NPWZ) (‘Neah’), an innovator and supplier of cutting-edge power solutions for the military, transportation and portable electronics industries, is proud to launch their Indiegogo campaign for its BuzzBar Suite and a partnership to bring computing power to rural African classrooms using the recently released BuzzBar(R) Suite of products. The BuzzBar(R) is a new groundbreaking product that enables off-the-grid recharging of mobile consumer electronics using solar, grid, or proprietary fuel cell technology. If you frequently travel or go “off-grid” for any length of time, you will need a power source for your critical electronics. The BuzzBar Suite provides a simple power solution for anyone who needs “power to go.” This BuzzBar Suite can also be a life-saving product in an emergency.
Neah is partnering with the Asante Africa Foundation, a not-for-profit 503(c) corporation deploying tablet computers into remote African classrooms through their “Classroom in a Box” program, which will provide rich teaching material and expose children to content they would otherwise not have access to. Schools in remote villages are far from the grid and therefore require alternative power solutions. For every 25 BuzzBar Suite units sold, Neah Power will donate one BuzzBar Suite to Asante Africa Foundation.
“We believe there is a strong demand for a simple device that can enable people to go farther and travel longer with their vital electronics. There is nothing quite like the BuzzBar Suite,” said Dr. Chris D’Couto, CEO of Neah Power Systems. “We are eager to showcase the product’s power and are excited to bring the potential of Indiegogo(R) to this effort. Partnering with Asante Africa Foundation allows us to do good and further a very worthy cause.”
“We are pleased to partner with Neah Power Systems to deploy these products and enable a 21st Century learning experience to the children in Africa,” said Erna Grasz, CEO of Asante Africa Foundation. Be sure to visit http://igg.me/at/buzzbar to learn more about Neah Power’s campaign and how they are contributing to the Asante Africa Foundation. More information about Asante Africa Foundation’s Technology in the Classroom initiatives can be found at http://www.asanteafrica.org/technology/.
Different perks reap different acknowledgment gifts. For example, a donation of $40 will provide the benefactor with a t-shirt, and a donation will be made to Asante Africa Foundation. A donation of $149 will provide you with the BuzzBar(TM) Suite: a BuzzBar, a BuzzSol and a BuzzBat. Other perks provide other product combinations. The BuzzCell is expected to ship in Q4 2014. Visit the campaign on Indiegogo for a complete list of the perks offered.
About Neah Power Systems
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 and the BuzzBar family of products. Neah Power was a 2012 ZINO Green Finalist, 2010 WTIA Finalist, and 2010 Best of What’s New Popular Science Award.
About Asante Africa Foundation Asante Africa Foundation believes in the power of knowledge as the catalyst that will empower the next generation of change agents. We provide African youth in deeply rural areas of East Africa with access to high quality education and the tools to apply their knowledge beyond the classroom, creating opportunities to transform Africa and the world. Asante Africa Foundation is a 501 (c) 3 non-profit organization with global headquarters in the U.S.A. To learn more or to make a tax-deductible donation, please visit us at www.asanteafrica.org or 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 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, 2013 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.
SOURCE: Neah Power Systems, Inc.
Welcome to Q&A, a production of AGORACOM in which we ask shareholders to provide questions which will be answered directly by management. With us today is Dr. Chris D’Couto President of Neah Power Systems.
Neah Power Systems is a developer of fuel cell power solutions using proprietary, award winning technology for the military, transportation, and portable electronic devices.
$50M+ Invested into Neah Power Systems
Neah Power continues its aggressive efforts to commercialize proprietary and patented fuel cell technology. The Powerchipâ„¢ product and the Buzzbarrâ„¢ (CONSUMER) micro fuel cells have the potential to revolutionize the energy storage marketplace.
BOTHELL, WA–(Sep 4, 2014) – Neah Power Systems, Inc. (OTCBB: NPWZ) (‘Neah’), an innovator and supplier of cutting-edge power solutions for the military, transportation and portable electronics industries, reported that it has begun shipping BuzzBar Suite of products on August 29th, 2014, and has completed CE certification. Neah had previously completed FCC certification. Additionally, Neah had launched a website dedicated to the BuzzBar Suite: www.buzzbarsuite.com.
“We are thrilled to be shipping to consumers who previously ordered the product, as well as to certain big box retailers for evaluation of the product,” said Dr. Chris D’Couto, CEO of Neah Power Systems. “We were able to file two patent applications related to the technology, complete FCC and CE certification, and address various manufacturing scale up issues over the last few weeks. We now expect to continue on the commercialization front more aggressively.”
The BuzzBar Suite, which can be a life-saving product, allows for charging from a variety of sources: grid power (traditional outlet), the BuzzBat (using AA and AAA batteries), the BuzzSol (solar panel), or the BuzzCell (available in Q42014).
About Neah Power
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 and the BuzzBar family of products. Neah Power was a 2012 ZINO Green Finalist, 2010 WTIA Finalist, and 2010 Best of What’s New Popular Science Award.
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, 2013 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.