View Full Version : NPWZ - Neah Power Systems, Inc. (OTCBB)
Klipper22
07-13-2007, 12:49 PM
Another that I will be watching and looking for entry in the near future for a bounce. I'm going to look into the reason for the drop.
Neah Power Systems, Inc.
22122 20th Avenue SE
Suite 161
Bothell, WA 98021
United States - Map
Phone: 425-424-3324
Fax: 425-483-8454
Web Site: http://www.neahpower.com
DETAILS
Index Membership: N/A
Sector: Industrial Goods
Industry: Industrial Electrical Equipment
Full Time Employees: 25
BUSINESS SUMMARY
Neah Power Systems, Inc., through its subsidiary, Neah Power Washington, engages in the development of a direct methanol micro fuel cell, which serves as a replacement for batteries in various mobile products. Neah Power Systems is based in Bothell, Washington.
Shares Outstanding: 103.31M
Float: 33.74M
http://stockcharts.com/h-sc/ui?s=npws&p=D&yr=1&mn=0&dy=0&id=p33383461247
Klipper22
07-16-2007, 05:25 PM
Okay, did a bit of looking into these guys. Not a lot to be found right off. I called the t/a and Yahoo's numbers on o/s are not correct. In April the o/s count was 107 million. Now it is 120 million. She did not have the accurate float. I also placed a couple calls to Tom O'Brian, Neah's IR guy. He never returned a call and the last time I called it went right into voice mail. Obviously Tom turned his phone off. I called the company again and the CEO was out for the day (so I'm told), but the receptionist was kind enough to tell me that they are getting many, many calls today. I guess that they have a few angry shareholders at this point. All that I really know is that I watched them the last 2 trading days regularly on L2's and NITE has virtually never left the ask. They may fall back for a moment, but they buck themselves right back to the front of the line very quickly. I hate to sound like a dilution monger, but if it walks like a duck and talks like a duck, it's probably dilution. Always the bottom feeder, though, I will still keep an eye on this for the bounce. It stuck me early today for a small loss (because I didn't take the green when it was there), but then I got in and out later for a gain back. I will probably do it again.
http://stockcharts.com/h-sc/ui?s=NPWS&p=D&yr=1&mn=0&dy=0&id=p23228316365&listNum=2&a=112005929
slowshoes
07-17-2007, 09:33 AM
Looks like this should help out
Office of Naval Research Finalizes 2006 Appropriation of $1.4 Million to Neah Power SystemsLast update: 7/17/2007 8:05:28 AMNeah Power Revenues to be Collected over the Next 12 Months BOTHELL, Wash., Jul 17, 2007 (BUSINESS WIRE) -- Neah Power Systems, Inc. (NPWS), a leading developer of fuel cells for military applications, notebook computers and portable electronic devices, announced it has received a contract award from the Office of Naval Research entitled "Design of High Power Density Direct Methanol Fuel Cell Stack Utilizing Porous Silicon Electrodes" in the amount of approximately $1.4 million. Based on the 2006 Department of Defense budget appropriation, the contract has a 12-month period of performance and revenue will be collected based on cost reimbursements. "Our unique approach to fuel cell technology for portable devices was instrumental in our securing this appropriation," stated Paul Abramowitz, CEO of Neah Power. "Through the objectives of this agreement, we will utilize our porous silicon electrode structure to develop the next generation of electrode structures that will increase overall power density produced by our fuel cell stacks. It is our belief these higher power density stacks will result in higher power, smaller fuel cell units that will have application in various military uses as well as potential commercial and consumer applications." About Neah Power Neah Power Systems, Inc. is a leading developer of fuel cells for military applications, notebook computers and portable electronic devices. The company's patented, porous silicon-based design will provide long-lasting, efficient and safe power solutions. As an emerging leader in fuel cell technology, Neah Power's products will allow users to extend the operating time of 10 to 100 watt devices multiple times beyond that of conventional batteries. Further company information can be found at our Website . Forward-Looking Statements Except for statements of historical fact, the matters discussed in this press release are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, limited operating history, difficulties in developing and commercializing new technologies, and additional risk factors as discussed in the reports filed by the company with the Securities and Exchange Commission, which are available on its website at . SOURCE: Neah Power Systems, Inc.
Klipper22
07-29-2007, 11:04 PM
Slowshoes post sure is indicative of further dilution since it made the pps do nothing. lol. Still back on radar for the elusive bounce.
http://stockcharts.com/h-sc/ui?s=NPWS&p=D&yr=1&mn=0&dy=5&id=p75362687995&listNum=1&a=97761638
Titan
07-30-2007, 08:10 PM
Well I've jumped in today, though I should have waited 10 min's and I could have gotten in at .24 instead of .25...lol Anyways, I'm thinking it will be back above .30 by weeks end.
Klipper22
08-05-2007, 08:24 PM
Can it turn or what? Indicators are aligning, now come on and follow through. Definitely looking for some volume.
http://stockcharts.com/h-sc/ui?s=NPWS&p=D&yr=1&mn=0&dy=0&id=p59944695508&listNum=2&a=112005929
lovemoney
08-06-2007, 12:38 AM
Klipper, at what point do you look at entering on something like this if it starts to move up? I know you've said before you look for confirmation of a trend break when the RSI crosses 50. Is there a resistance level that you look at for jumping in as well? PPS breaking an ema like 20 or so? Entry points are something I'm still trying to figure out. I seem to be finding that taking a gamble to get a jump on it and getting in as soon as it makes a move up but before it actually hits a point of resistance or ma marker of some kind ends up being too early many times and it's a false move and drops back. But waiting (as I've read some places to do) for it to confirm a trend reversal by crossing some resistance point or whatever with good momo tends to be too late sometimes and the run ends as soon as I enter. I've also seen info about waiting two days for bullish confirmation on the candles. What's your take on all that?
lovemoney
08-06-2007, 12:44 AM
I'm starting to get where I'm seeing alot of the settups that you, greencat and others spot and describe, but entry points are puzzling me a little. I'd like to feel a little more comfortable with a guide on that part before starting to play these too heavily. I'm interested in holding these for a few days to a week etc then getting out when the indicators start showing signs for pullback or reversal. (I guess that's swing trading?) I'm not wanting to day trade.
Klipper22
08-06-2007, 09:16 PM
I'm starting to get where I'm seeing alot of the settups that you, greencat and others spot and describe, but entry points are puzzling me a little. I'd like to feel a little more comfortable with a guide on that part before starting to play these too heavily. I'm interested in holding these for a few days to a week etc then getting out when the indicators start showing signs for pullback or reversal. (I guess that's swing trading?) I'm not wanting to day trade.
I'm just watching it for it to make a move when the indicators align to be honest. Today's trading was terrible for the indicators. It will go on the back burner a bit now and I will give it somewhere around another week (just a guess). But as long as it is holding this support area, I will keep an eye on it. May go no where. You just never know. It's gonna have to blow through .26 with volume to get my attention.
greencat
04-02-2008, 06:24 PM
NPWS has now set-up the way I like to see a bottom play. Looks ready to bounce up.
greencat
04-04-2008, 07:59 PM
NPWS has now set-up the way I like to see a bottom play. Looks ready to bounce up.
I reckon I bought some shares this week and I am green on it. Volume was horrible on it today but I am looking for it to pick up monday and make a move..
Aufan 1983
04-23-2008, 03:23 PM
just jumped in this one @ 034 hoping for a bounce.
http://i138.photobucket.com/albums/q249/aufan1983/npws.png
Aufan 1983
04-24-2008, 09:45 AM
mong again today :dance: :dance:
greencat
04-24-2008, 10:24 AM
Whoa nice aufan. Looks like you nailed it.
Aufan 1983
08-01-2008, 08:12 AM
Back in this yesterday. Its down and making a nice move.
greencat
08-04-2008, 10:12 AM
NPWS moving up but low volume...
Tau44
08-04-2008, 10:29 AM
green cat
what are you looking to get out at on this stock
greencat
08-04-2008, 10:48 AM
green cat
what are you looking to get out at on this stock
I don't own this stock at the moment...I think the last time I owned it I held it for 2 days. Seems liks eons ago..
Theboundbook
06-15-2009, 04:26 PM
Well I got in at .0085.... Closed up 17% at .010.... Trading after hours is bumping that ask to .018 and rising! Hope it opens up 100%!
CaptD
06-16-2009, 11:48 AM
NEWS not yet on the Company website 10K
MSDOC (http://globaldocuments.morningstar.com/documentlibrary/Document/ea69a0d0acc06db2.msdoc)
Is buyout near? Why big volume last few days?
Theboundbook
06-16-2009, 02:51 PM
NEWS not yet on the Company website 10K
MSDOC (http://globaldocuments.morningstar.com/documentlibrary/Document/ea69a0d0acc06db2.msdoc)
Is buyout near? Why big volume last few days?
I believe the HUGE CRASH from .01 to .0053 today was because of 1 person selling everything... KNOWING the news will come out and drum up the pps... So, he being in probably much lower than .0053, dumps it all on the bid as it goes down using mkt sell style, and now buys back in, news gets posted around and gets out to the 'people' and the 'public' and he is sitting pretty all over again; and it hits .014 or something! All over again. I bought back in and now Im green at .007! Just hope this works out like my gamble, er I mean, investment with SPNG that worked to make 10% instead of losing 25% on Friday.... Get in now and hold it folks... IMO IMO IMO!
CaptD
06-19-2009, 12:49 PM
I agree with your thinking, until we see some real volume trading 200,000 shares we are not getting a clear picture of where the stock is "at"! Also the large spread of 0.006 & 0.009 (right now) with 3 MM's at 0.009 are a sign to me that the stock will go upward!
CaptD
06-24-2009, 11:14 AM
Something is happening at NPWS, perhaps it is now being touted by their new Board member! Over 3 million shares traded already today!
I sold 4/5 of my position at 0.0145 so I'm now even with a "free" 10,000 now!
CaptD
06-25-2009, 10:21 AM
Here is the news:
June 25, 2009 - 9:31 AM EDT
NPWS 0.056 0.038
Today 5d 1m 3m 1y 5y 10y
NEAH Successfully Tests Anaerobic Direct Methanol Fuel Cell Prototype
BOTHELL, Wash., June 25, 2009 (GLOBE NEWSWIRE) -- NEAH Power Systems, Inc. (OTCBB:NPWS), the Company developing fuel cells for the military and portable electronic devices, announced today it has successfully demonstrated a new type of low cost, high reliability and power, liquid electrolyte based direct methanol fuel cell that does not require air to operate. This is the first major innovation in fuel cell technology in over 20 years, where a repeatable, reliable non-PEM based system has been successfully introduced and demonstrated in sustained operation.
The prototype was self contained and sized to generate 8W of gross power, fuel cartridges were replaced multiple times and repeatable performance demonstrated. A video of the technology, markets that NEAH serves, and demonstration of the technology will be posted on YouTube, as well as on the company's website, Neah Power Systems (http://www.neahpower.com), and NEAH has invited any interested parties to visit the company to see the system in operation.
"We are thankful to the Office of Naval Research for funding significant portions of this research. This technology is singular in that it can operate in places where air isn't available," Dr. Chris D'Couto, NEAH's President and Chief Executive Officer, noted. "This system can service many specialized markets, such as underwater and surface water manned and unmanned vehicles, as well as numerous aerospace applications, and will be the building block for fuel cell solutions for Hobie Cat and other key customers." NEAH fuel cells operate in both an aerobic and anaerobic manner. "Our micro fuel cells may eventually replace batteries for most uses," D'Couto said, "meaning that cost-efficient and 'green' technology is at hand to not only preserve the environment, but to provide nearly perpetual power to the military, manufacturers of almost any product that require an energy source, and to the millions of consumers who require energy on the go."
About NEAH Power
NEAH Power Systems, Inc. (NPWS) is developing long-lasting, efficient and safe power solutions for the military and for portable electronic devices. NEAH uses a unique, patented, silicon-based design for its micro fuel cells that enable higher power densities, lower cost and compact form-factors. The company's micro fuel cell system can run in aerobic and anaerobic modes.
Further company information can be found at Neah Power Systems (http://www.neahpower.com)., and Hobie Cat Company- Manufacturer of Hobie Kayaks, Hobie Sailboats, Hobie Fishing, Hobie Authorized Parts and Accessories. Oceanside, California USA. (http://www.hobiecat.com).
Forward-Looking Statements
This press release contains forward-looking statements and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. Factors that might cause such material difference include, among others, our limited operating history, potential research and prototype delays, difficulties in developing and commercializing new technologies.
CONTACT: Public Communications Co.
Michael Selsman
310-553-5732
ms@publiccommunications.biz
Source: GlobeNewswire (June 25, 2009 - 9:31 AM EDT)
CaptD
06-26-2009, 03:40 PM
NPWS above 10 cent$ WOW
p.s. Check out my "$tairway to Heaven" thread for specific info & Survey!
:dance::dance::dance::dance::dance:
paperchase
06-30-2009, 02:19 PM
NEAH to Develop Fuel Cell Charger for India's EKO Vehicles
1:29p ET June 30, 2009 (GlobeNewswire)
NEAH Power Systems, Inc., (OTCBB:NPWS) Neah Power Systems (http://www.neahpower.com), the company leading development in fuel cells for the military and portable electronic devices, announced today it has signed a Memorandum of Understanding (MOU) with EKO Vehicles of Bangalore, India, (:: EKO VEHICLES :: (http://www.ekovehicle.com/)), India's number one producer of two-wheeled electric vehicles, to explore joint development of an on-board methanol fuel cell battery charger for their line of battery-powered electric scooters based on NEAH's novel anaerobic direct methanol fuel cell prototype.
NEAH, which successfully demonstrated a new type of low cost, high reliability and power, liquid electrolyte based direct methanol fuel cell that does not require air to operate, will adapt its technology for EKO's new line of EV 60 electric scooters. This second generation product is already being sold in the United States, Europe, and Asia. A video of the technology, markets that Neah serves and demonstration of the technology can be seen on YouTube, as well as on the company's website.
"This is a great opportunity to help reduce pollution in one of the earth's most populated areas, as NEAH fuel cells operate in both aerobic and anaerobic manner," Dr. Christopher D'Couto, NEAH's CEO, said. "Our micro fuel cells may eventually replace batteries for most uses."
"We welcome NEAH's technology as a valuable aspect of our goal to help eliminate the levels of air and noise pollution, which can be contained by the introduction and use of electric and hybrid-powered vehicles for short distance transportation in our cities, towns and villages," said Mr. Anil Ananthakrishna, Chairman and Chief Executive Officer of EKOVEHICLES Pvt. Ltd.
CaptD
07-08-2009, 09:46 AM
More Good News:
NEAH Creates the First Hybrid Electrolyte Aerobic Direct Methanol Fuel Cell
44 minutes ago - Globenewswire
Related Companies
Symbol Last %Chg
NPWS 0.13 14.04%
As of 9:44 AM ET 7/8/09
NEAH Power Systems, Inc. (OTCBB:NPWS), the Company developing fuel cells for the military and portable electronic devices, announced today that it has achieved yet another major breakthrough with the demonstration of an air based fuel cell for aerobic applications. This system, when fully developed, is expected to have higher energy density than any incumbent direct methanol anaerobic fuel cell available today, and could enable NEAH to pursue various additional consumer markets.
"This technology is differentiated in performance and architecture," said Dr. Chris D'Couto, NEAH's President and Chief Executive Officer, "in that it combines NEAH's unique liquid electrolyte and 3D silicon electrode technology, with the manifold inherent benefits in cost and manufacturability of integrated circuit manufacturing, with proton conduction membrane for proton conduction and gas liquid separation. In so doing, NEAH has created the first hybrid electrolyte fuel cell achieving gains over either liquid or solid electrolyte technology. Our micro fuel cells may eventually replace batteries for most uses."
On June 25th 2009, NEAH revealed it had successfully tested an anaerobic (or non-air breathing) direct methanol fuel cell which was primarily funded by the Office of Naval Research.
About NEAH Power
NEAH Power Systems, Inc. (NPWS) is developing long-lasting, efficient and safe power solutions for the military and for portable electronic devices. NEAH uses a unique, patented, silicon-based design for its micro fuel cells that enable higher power densities, lower cost and compact form-factors. The company's micro fuel cell system can run in aerobic and anaerobic modes.
Forward-Looking Statements
This press release contains forward looking statements and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. Factors that might cause such material difference include, among others, our limited operating history, potential research and prototype delays, difficulties in developing and commercializing new technologies.
This news release was distributed by GlobeNewswire, GlobeNewswire, Inc. (http://www.globenewswire.com)
SOURCE: NEAH Power Systems, Inc.
Public Communications Co.
Company Contact:
Michael Selsman
310-553-5732
ms@publiccommunications.biz
paperchase
07-13-2009, 01:57 PM
NEAH Power Systems Presents Fuel Cell Prototype to Military and Civilian Energy Sectors at 11th Electrochemical Power Sources R&D Symposium
9:30a ET July 13, 2009 (GlobeNewswire)
NEAH Power (OTCBB:NPWS) Neah Power Systems (http://www.neahpower.com), the company leading development in fuel cells for the military and portable electronic devices, will present its disruptive and unique methanol-nitric fuel cell, funded by the Office of Naval Research, at the 11th Electrochemical Power Sources R&D Symposium beginning today in Baltimore, MD. Attendees include representatives from all branches of the military, as well as many leaders from the civilian energy sector. Home Page (http://www.11ecpss.betterbtr.com/index.html).
Dr. Tsali Cross, VP of Engineering at NEAH Power, will describe NEAH's Development and characterization of porous silicon based methanol-nitric fuel cell prototype systems for portable military applications at the Power Sources Symposium. The presentation summarizes NEAH's research and development on anaerobic fuel cells.
"We are very grateful to the ONR for their generous support of the anaerobic direct methanol fuel cell project over the past year and we are happy to showcase our findings at this prestigious conference. The anaerobic fuel cell system will serve as the foundation for numerous fuel cell products," Dr. Chris D'Couto, NEAH's President and Chief Executive Officer, noted.
Theboundbook
07-16-2009, 03:10 PM
My 539.00 buy of 60k shares was worth 9k+ a few days ago... problem was I sold it all at .008 after holding only 2 days... wish I held it for 10!!!! That would have been nice.... Oh well. Oh yea, its crashing today boys... down 30% or so...
CaptD
07-17-2009, 10:56 AM
More new$:
July 17, 2009 - 9:30 AM EDT
NPWS 0.1395 0.0354
Today 5d 1m 3m 1y 5y 10y
NEAH Power Systems' CEO Predicts Swift Move to AMEX
BOTHELL, Wash., July 17, 2009 (GLOBE NEWSWIRE) -- Dr. Chris D'Couto, President and CEO of NEAH Power Systems (OTCBB:NPWS), the Company developing fuel cells for the military and portable electronic devices, revealed today that, working with Ed Cabrera, investment banker and board member of NEAH Power Systems, Inc., the Company is preparing to move up to the AMEX trading platform.
"In the last month, NEAH Power has seen significant growth and completion of deliverables. During this time, the company has made two technological breakthroughs in one of the most relevant industries of the future, namely alternate energy," Dr. D'Couto said. "As part of our growth, we anticipate orders and contracts not only in the USA but around the world, and those contracts will lead to a need to finance production. As part of the overall growth and positioning of the company, NEAH will work with Jesup & Lamont to be listed on the American Exchange."
Cabrera is the Executive Managing Director of New York-based Jesup & Lamont, one of the largest broker-dealers in the rapidly-growing South of the United States, with over 340 financial consultants in 48 retail offices and 6 institutional desks that trade for over 800 institutional clients throughout the world. Cabrera is Head of Investment Banking. He has worked on Wall Street for over 20 years as an investment banker, equity analyst, market strategist and portfolio manager at Merrill Lynch, where for 11 years he was Managing Director and Head of Latin America, building the top ranked team for the region, according to Greenwich Associate surveys and Latin Finance magazine polls. He was selected for the 2000 Millennium edition of Who's Who in Finance and has been named to the All-America team by Institutional Investor for the quality of his work.
About NEAH Power
NEAH Power Systems, Inc. (NPWS) is developing long-lasting, efficient and safe power solutions for the military and for portable electronic devices. NEAH uses a unique, patented, silicon-based design for its micro fuel cells that enable higher power densities, lower cost and compact form-factors. The company's micro fuel cell system can run in aerobic and anaerobic modes. Further company information can be found at Neah Power Systems (http://www.neahpower.com)
CONTACT: Public Communications Co.
Michael Selsman
310-553-5732
ms@publiccommunications.biz
Source: GlobeNewswire (July 17, 2009 - 9:30 AM EDT)
News by QuoteMedia
QuoteMedia - Stock Quotes, Charts and Financial Data Software Applications. (http://www.quotemedia.com)
paperchase
07-23-2009, 06:42 PM
NEAH Power Systems Adds Computer Graphics Pioneer and Emmy-Award-Winning Creative Executive, Paul Sidlo, to Board of Directors
9:30a ET July 20, 2009 (GlobeNewswire)
NEAH Power Systems, Inc., (OTCBB:NPWS) Neah Power Systems (http://www.neahpower.com), the Company developing fuel cells for the military and portable electronic devices, announced today that nine-time Emmy Award winner, Paul Sidlo, has joined the Company's board of directors.
Widely recognized as one of the pioneers in the field of computer graphics and 3-D animation, Sidlo, is Founder, Chief Executive and Creative Officer of REZN8, Inc. REZN8 has significant, multi-faceted, long-time business relationships with both Intel & Microsoft. The Company became Microsoft's principal outside design source for graphical user interface (GUI) development and production and the range of its work includes GUI design and development for XBOX, XBOX2, XBOX LIVE, MSN9&10, HOME MEDIA CENTER, WindowsXP, & for Microsoft's Home of the Future.
"We are delighted to welcome Paul Sidlo to our board," said Dr. Chris D'Couto, NEAH CEO. "His accomplishments are global in stature, and his achievements in graphical interface will add strategic proficiency to NEAH Power as we advance our technology into the military and commercial markets. Paul's involvement as a founder of SUNRGI emphasizes affordable, renewable energy solutions, and Paul will provide that same emphasis as well as strategic business development advice as NEAH provides renewable-energy solutions for a variety of markets."
"I am enthused to join the Board of NEAH Power Systems," Paul Sidlo said, "with their unique, affordable, fuel cell architecture. I look forward to working with the rest of the Board and company management to help NEAH grow in their targeted markets."
REZN8's computer industry clients include Compaq and Cisco. Film clients include Paramount, Disney, IMAX Corporation, Caravan Pictures, Interscope, Savoy Pictures and USA Studios. Broadcast network clients include CBS, FOX, NBC, ABC, Warner Brothers and UPN. Cable network clients include VH-1, the SCI FI Channel, Showtime, HBO, CNN and USA Networks. International clients include Pro Sieben Television of Germany, Hong Kong Cable of Hong Kong, Cable and Wireless PLC of Great Britain, Global Television and CBC in Canada.
Mr. Sidlo is one of the founding Partners of SUNRGI, a solar energy company that has created an entirely new category of solar energy: Xtreme Concentrated Photovoltaics(tm) or XCPV(tm). The company has made multiple patent applications for its technology that could generate electricity at a wholesale cost of 5 cents/kWh -- a price that is competitive with the cost of generating electricity from fossil fuels and a fraction of the current cost of solar energy.
paperchase
07-23-2009, 06:43 PM
Industrialist Poddar Family of India Makes Major Investment in NEAH Power
9:30a ET July 22, 2009 (GlobeNewswire)
NEAH Power (OTCBB:NPWS) Neah Power Systems (http://www.neahpower.com), the company leading development in fuel cells for the military and portable electronic devices, reported today that Wearology Ltd., a Poddar Group division, and associated entities, have committed to invest up to $500,000 in NEAH.
Dr. Christopher D'Couto, NEAH's CEO, and Rohitashwa Poddar, Group Managing Director, Poddar Group in Mumbai, India, announced the covenant jointly, saying the two companies' business plans support their joint philosophy of environmentally friendly, pollution-free businesses. "This capital infusion will allow a rapid move to the AMEX, and facilitates funding for production of prototypes for various companies, such as Hobie Boats, EKO Vehicles, of India, and others which we have joint venture deals with," D'Couto said. "Buzz Financial Services (Buzz Search (http://www.12buzz.com)) assisted in this transaction, for which we are appreciative."
The Poddar Group of Companies in India includes Wearology Ltd, Organically Grown, Poddar Developers, Poddar Infrastructure and Idhasoft Ltd. Wearology Limited, the division taking the investment position, is a Public Limited Company, listed on the BSE in Mumbai, India, with offices in the USA, India, China, Italy, and headquartered in Mumbai.
Rohit Poddar, commented, "This is an exciting opportunity for the Poddar Group to participate in what will be a tectonic shift in global energy production. All of the Poddar Group's many businesses will benefit as a result."
Rohit Poddar, who was elected into the Global Leadership Initiative this year at the Aspen Institute India-Goldman Sachs India Leadership Initiative of Accomplished Leaders, provides executive leadership in the real estate, sustainable textiles, organic farming and ITeS segments, part of a virtual manufacturing, services and knowledge-driven business, with an emphasis on environmentally sustainable practices.
paperchase
07-28-2009, 10:13 AM
NEAH Power Systems Announces Reverse Split and Plans for 1:2 Forward Split for Listing Eligibility
9:30a ET July 28, 2009 (GlobeNewswire)
NEAH Power Systems, Inc., ('NEAH') (OTCBB:NPWS) Neah Power Systems (http://www.neahpower.com), the Company developing fuel cells for the military and portable electronic devices, announced that it was implementing the 200:1 reverse split of its common stock that had been previously approved by NEAH shareholders. After the reverse split, the stock will trade under the ticker symbol 'NPWZ'. NEAH also announced that it was seeking approval for a 1:2 forward split on the stock after implementing the reverse split.
Dr. Chris D'Couto, NEAH CEO, said, "We have made significant progress on multiple fronts over the last few months. The confidence and support of our customers and partners have enabled completing the various milestones. We are implementing the reverse split, and applying for a forward split, to meet the needs of institutional and other investors. We expect that this will also position NEAH to meet its corporate goals, including listing on the AMEX."
paperchase
07-29-2009, 08:48 AM
NEAH Power Systems Acquires SolCool, One LLC
3:00p ET July 28, 2009 (GlobeNewswire)
NEAH Power Systems, Inc., ('NEAH') (OTCBB:NPWZ) Neah Power Systems (http://www.neahpower.com), the Company developing fuel cells for the military and portable electronic devices, announced today that it has completed its acquisition of SolCool, One ("SolCool"), a leader in the solar air conditioning industry.
SolCool specializes in solar powered air conditioning systems, and has an established manufacturing partner in China, along with very extensive distribution and support networks throughout the world. SolCool has shipped multiple systems to date, with many more in production.
The SolCool's Direct Current Solar Air Conditioner will serve as the platform for other renewable energy solutions incorporating fuel cells, which could serve the needs of telecommunications infrastructure, homes and businesses that are remote from grid or wish to reduce grid dependence, and will help developing countries leapfrog traditional fossil-based energy and move directly to sustainable, decentralized power systems. SolCool's existing distribution infrastructure will enable the distribution of the NEAH suite of products.
Dr. Chris D' Couto, President and CEO of NEAH Power, commented, "We are very energized about the acquisition of SolCool, One. They are an established leader in the solar air conditioning market, have a strong management team, and have an established worldwide distribution network. This creates some unique and strong synergies between NEAH's technology and SolCool's technology. We are looking forward to a productive and successful relationship as we provide leading edge renewable energy solutions."
Mark Walsh of SolCool, One LLC added, "We are excited to embark on this venture with NEAH Power Systems, a leader in the fuel cell market with proprietary technology. Our strong market presence and differentiated technology will enable us to bring various products to market to meet the needs of our customers, and position us to become a leading, renewable energy solution provider."
Theboundbook
07-29-2009, 09:32 AM
So my 60000 shares turns into 300 and instead of .008 pps I bought at they are worth 20 bucks or so..... 539.00 would have been 6k and then 12k on split. WHHYYYYYYY DID I SELL 1 WEEEK EARLY????
paperchase
07-30-2009, 08:05 PM
Neah Power Systems Receives $10 Million Funding Commitment From Optimus Energy Capital Partners LLC
BOTHELL, Wash., July 30, 2009 (GLOBE NEWSWIRE) -- Neah Power Systems, Inc. ('Neah') (OTCBB:NPWZ) Neah Power Systems (http://www.neahpower.com), the Company developing fuel cells for the military and portable electronic devices, announced today that it has reached agreement with Optimus Energy Capital Partners, LLC ('Optimus'), an investment fund, under which Optimus may purchase up to $10 million of Neah Power's Series B Preferred Stock between today's date and July 27, 2010 at Neah Power's sole discretion.
Dr. Chris D'Couto, Neah CEO, said, "The confidence shown by the financial community in Neah's patent-protected technology and our commercial engagements is truly gratifying. This major commitment to the company should enable us to quickly complete manifold renewable energy solutions for our customers and meet our corporate goals including listing on the AMEX. We are enthused by this further endorsement of Neah's IP-protected, differentiated product, management team, and, we believe, the untapped market opportunity ahead of the company."
paperchase
08-02-2009, 09:46 PM
50,000 Indian Villages to Receive Hybrid Electric Renewable Micro Energy Stations Via Neah Power and EKOVEHICLES India
3:38p ET July 31, 2009 (GlobeNewswire)
Neah Power Systems (OTCBB:NPWZ) Neah Power Systems (http://www.neahpower.com), the company leading development in fuel cells for the military and portable electronic devices, will develop methanol fuel cell battery chargers to enable the building, by EKOVEHICLES of Bangalore India, :: EKO VEHICLES :: (http://www.ekovehicle.com), of Hybrid Electric Renewable Micro Energy Stations (HERMES), bringing renewable, green energy to thousands of villages in India. This innovative technology will use a combination of clean solar and wind power, fuel cells and batteries to replace the very polluting diesel generators that currently provide electricity for the more than 50,000 Indian villages located 200 miles or more off the grid.
Neah has signed a Letter of Intent (LOI) with EKOVEHICLES, India's number one producer of two-wheeled electric vehicles, to supply methanol fuel cell battery chargers, for renewable distributed energy stations, in addition to developing and providing on-board methanol fuel cell battery chargers for their line of battery-powered electric scooters, based on Neah's novel direct methanol fuel cell.
"Being able to bring clean, renewable, non-polluting power to thousands of Indian villages is a great privilege, and quite in alignment with Neah's business plan. We have always been focused on improving the quality of life through the creative use of our advanced technology," Dr. Chris D'Couto, Neah's CEO, said. "This distributed energy offering is an attractive solution where power is needed for off-the-grid applications."
Mr. Anil Ananthakrishna, Chairman and Chief Executive Officer of EKOVEHICLES Pvt. Ltd., said, "EKOVEHICLES, India's pioneering manufacturer of Electric Vehicles, is introducing various alternatives to the existing petrol powered two wheelers, as well as introducing clean energy based power generation solutions. EKO's mission is to improve the lives of our customers in India and throughout the world with our pollution-free products. This is indeed a breakthrough for India, and eventually all countries that desire clean, renewable energy in rural areas."
A video addressing the technology, markets that Neah serves and demonstration of the technology can be seen on YouTube, as well as on the company's website.
paperchase
08-03-2009, 10:41 AM
Neah Power Systems CEO D'Couto Panelist On Energy Storage Discussion for U.S.-India Business Council
9:30a ET August 3, 2009 (GlobeNewswire)
Neah Power Systems, Inc., ('Neah') (OTCBB:NPWZ) Neah Power Systems (http://www.neahpower.com), the Company developing fuel cells for the military and portable electronic devices, announced today that Dr. Chris D'Couto, the Company's CEO, has been invited by the U.S.-India Business Council (U.S.-India Business Council - Home (http://www.usibc.com)) Energy, Environment & Enterprise Executive Committee to participate, on August 6th 2009, as a panelist on the topic of 'Large-Scale Electricity Storage in India's Renewable Power Sector, along with panelist Saroj Sahu, CTO and Founder of Deeya Energy, with a market overview by McKinsey and Company.
Neah recently announced plans, with EKO VEHICLES of Bangalore India, :: EKO VEHICLES :: (http://www.ekovehicle.com), to equip 50,000 Indian villages with Hybrid Electric Renewable Micro Energy Stations (HERMES), bringing renewable, green energy to many hundreds of thousands of people in India. This innovative technology, utilizes the energy management system developed by SolCool, One, a company Neah has agreed to acquire, will use a combination of clean solar and wind power, fuel cells and batteries to replace the very polluting diesel generators that currently provide electricity for the more than 50,000 Indian villages located 200 miles or more off the grid.
Two recent surveys done by the Reserve Bank of India, the Survey of Professional Forecasters' and the Industrial Outlook Survey - show that the Indian economy has stabilized and is ready for a sharp rebound. The first survey shows that India's economy is projected to grow by 6.5 per cent during the current financial year against 5.7 per cent forecast earlier. As for next year, it says the growth rate could rise to 7.5 per cent. India's population will rise to 1.53 billion by 2050, overtaking China and making the country the world's most populous nation.
PENNYMASTER
08-24-2010, 11:29 PM
Awesome news on NPWZ, Company Mergeing with EKO. This is going to really jump start the stock in the am. We could see some impressive gains on this one in the am also. Check out the news
NEAH and India's EKO Vehicles to Explore Merger and Acquisition Opportunities to Facilitate Global Growth
BOTHELL, WA, Aug 24, 2010 (MARKETWIRE via COMTEX) -- NEAH Power Systems, Inc. (OTCBB: NPWZ) www.neahpower.com, the company leading development in fuel cells for the military and portable electronic devices, announced today it has signed a letter of intent to explore acquisition or merger plans with EKO Vehicles of Bangalore, Private Limited, India (:: EKO VEHICLES :: (http://www.ekovehicle.com/)), India's leading technology producer of two-wheeled electric vehicles. This combined venture is expected to provide additional opportunities for the expansion of product lines and global growth. Both companies are undertaking due diligence efforts in order to determine the viability and the structure of the combination.
NEAH had previously announced a customer relationship with EKO to build fuel cells for EKO's electric scooter product line. The third generation of EKO product is currently being sold in Asia and will shortly be available in the United States and Europe. "We intend to take the synergistic relationship between Neah and EKO to new levels. In addition to the fuel cells for electric two wheelers, we see high demand for Neah's fuel cells for a variety of military and industrial applications in India and Asia, and this relationship could enable us to meet this demand. Our micro fuel cells may eventually replace batteries for most uses," said Dr. Chris D'Couto, President and CEO of Neah Power.
"We welcome NEAH's technology and we share the common goal of reducing the levels of air and noise pollution, provide cost effective power solutions for two wheeler and four wheeler applications, and enable global growth for our products," said Mr. Anil Ananthakrishna, Chairman and Chief Executive Officer of EKOVEHICLES Pvt. Ltd.
ManicTrader
10-18-2011, 08:56 PM
Neah Power Systems Inc. - NPWZ
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About NPWZ
NPWZ Neah Power was founded in 1999, but CTO/founder Leroy Ohlsen had been thinking about alternative energy for years.
Inspired by a Discovery Channel science program on fuel cells and their potential, Leroy began to read and absorb the history and the science of fuel cells. Upon completing his chemistry degree from the University of Washington, he decided, along with fellow founder Michael Fabian, to start a company to pursue his dream of a “superior, longer-lasting energy source.”
NPWZ Neah Power has grown to include a world-class engineering and scientific team from around the world. Prototype development continues and the company expects to make its energy products commercially available in 2012.
NPWZ Neah Power Systems is a publicly-held company. Original venture investors include Frazier Technology Ventures, Alta Partners, Intel Capital, Castile Ventures and WestAM.
Neah Power Systems Inc.(NPWZ) is developing long-lasting, efficient and safe power solutions for portable electronic devices, including notebook PCs, military radios and other power-hungry computer, entertainment, and communications products.
NPWZ Neah Power Systems uses a patented, silicon-based design for its micro fuel cells that enable higher power densities to enable lighter-weight, smaller form-factors and lower costs.
This silicon-based architecture lets Neah Power use a componentized design so that a fuel cell can be tailored to meet each customer's needs, varying the components to achieve required power, size, and operating duration.
This exceptional flexibility and NPWZ Neah's ability to leverage the silicon industry's manufacturing technology set Neah Power apart.
About NEAH Power Systems, Inc. - YouTube (http://www.youtube.com/watch?v=MhmLJUWAMDE&feature=player_embedded)
NPWZ MARKETS
Military
It is difficult to fathom a more demanding power user than the military. Modern, effective soldiers have come to rely on increasingly sophisticated computational and communications gear. In fact, it’s been said that there are two limiting factors determining the length of mission: water and batteries.
The amount of water and batteries a soldier can physically carry often defines the duration of a mission and the likelihood of success.
These military devices require a dependable, lightweight, compact power source to extend operational runtimes. On top of this, the electronic equipment and power sources need to be able to perform reliably under harsh operating conditions in the field.
NPWZ Neah Power’s patented silicon-based fuel cell is expected to address these fundamental issues and provide a superior power source for all sorts of military applications. The Neah Power fuel cell is expected to provide two to three times the energy capacity versus the standard BA-5590 battery, while remaining in the same compact form.
Instant “Recharge” for Continuous Computing
Importantly, soldiers can benefit from the ability to continuously run their electronic equipment without the need to wait for recharging. Fuel cells can produce power as long as a fuel source is provided. When one fuel cartridge is exhausted, a soldier could simply pop it out and insert another one to continue the power supply. Instead of carrying multiple batteries, soldiers would only need to carry only one fuel cell and several lightweight fuel cartridges for continuous power capability (see below).
The BA-5590 is the U.S. Military’s most widely used portable power source, supporting hundreds of communication and computational applications in the field. Though proven, these batteries are big and bulky, and weigh soldiers down. Instead of carrying multiple batteries for extended missions, dramatic weight and volume reductions are possible by carrying one fuel cell and multiple cartridges (see below). Greater reductions are possible with longer missions.
Fully Sealed System
Neah Power’s design can be configured as an open air system (for greater runtime capacity) or as a fully-sealed system (for predictable operation under a wide variety of field conditions).
Both configurations capture the reaction by-products inside the fuel cartridge.
The open-air system requires exposure to air for its oxygen source, while the fully-sealed system contains a liquid oxidant right along with methanol fuel in the cartridge.
Mobile Life
Business travelers and mobile professionals have benefited greatly from the portability and freedom enabled by ever-improving notebook PCs. Productivity has soared during the first phase of mobile computing, enabling users to complete self-contained computing tasks, such as spreadsheets, document creation, and batch email. These tasks were primarily conducted in a disconnected or intermittingly-connected state.
The current phase of mobile computing might be described as the “connected” state. Connection to private networks and the public Internet has become more pervasive in recent years, thanks to “Wi-Fi” hotspots that seamlessly link to robust WAN networks. In addition to self-contained computing tasks, business travelers and mobile professionals are increasingly conducting network-centric computing, such as ERP order entry and status, inventory checks, pricing checks, as well as real-time email and connection to the Web and Web services like Google.
Corridor Warriors
Importantly, persistent computing capability will not be limited to travel or time out of the office, but within the office as well. More and more companies are outfitting their corporate campuses and work environments with secure Wi-Fi networks enabling knowledge workers to carry their PCs with them throughout the workday. Users will no longer be tethered to their desks, freeing them to access information and communicate whenever and wherever they are located.
Persistent Computing Requires Extended Power
Wireless networking technologies like Wi-Fi have triggered a significant demand for power. We believe that users demand a convenient and longer-lasting power source to keep up with their work pace.
Today’s dominant technology for laptop PCs—lithium-ion batteries—has not been able provide the energy for all-day computing capability. Equally important, many experts believe that lithium-ion technology is mature and is not expected to provide significant performance improvements in the years to come.
This challenge is widely recognized, with companies like Intel spearheading an Extended Life Working Group to address the issues.
First Responders
First responders need reliable and long-lasting communications, sensors, and other portable electronics devices. Police, fire, and other first responder personnel often have to operate in environments where power is unavailable for long period of time. Their reliance on communications and related devices is absolute and often a matter of life or death.
These devices require a dependable, lightweight, compact power source to extend operational runtimes. In addition, the electronic equipment and power sources need to be able to perform reliably under harsh operating conditions in the field.
NPWZ Neah Power’s patented silicon-based fuel cell is expected to address these fundamental issues and provide a superior power source for all sorts of first responder applications.
Instant “Recharge” for Continuous Computing
Importantly, first responders can benefit from the ability to continuously run their electronic equipment without the need to wait for recharging. Fuel cells can produce power as long as a fuel source is provided.
When one fuel cartridge is exhausted, a first responder could simply pop it out and insert another one to continue the power supply. Instead of carrying multiple batteries or finding a way to recharge their batteries, first responders would only need to carry only one fuel cell and several lightweight fuel cartridges for continuous power capability.
Logistics
Information Drives Speed, Value, and Service
Logistics is an information-intensive industry and function. Technology is used to increase inventory turns and deliver goods where and when they are needed. Logistics workers—including warehouse personnel, drivers, rental car employees, even ski lift operators—have been able to increase productivity and speed service with mobile tracking devices connected to information networks.
Power That Lasts the Entire Shift
All too often, however, the batteries in these mobile tracking devices run out before a shift is completed. Elaborate “recharging stations” are often set up to ensure that a fresh supply of batteries is readily available. Besides the inconvenience, these solutions consume time, space, and capital.
Users are demanding power solutions that can work as hard as they do — up to 12-hour shifts in many cases. This is not possible with current rechargeable battery technology, such as lithium-ion or nickel-metal hydride. Further, users are always looking for smaller and lighter form-factors for their mobile products to ease ergonomic demands.
Silicon-Based Design Enables Long Life and Small Sizes
Neah Power’s patented design is expected to enable higher efficiencies and power densities, which translates into extended runtimes and smaller, lighter packages compared to a traditional PEM-based fuel cells.
Instant “Recharge” for Continuous Operation
Importantly, logistics workers can benefit from the ability to continuously run their mobile electronic equipment without the need to wait for recharging. Fuel cells can produce power as long as a fuel source is provided.
When one fuel cartridge is exhausted, a worker could simply pop it out and insert another one to continue the power supply. Finally Neah Power’s fuel cell captures the water vapor reaction by-product inside the fuel cartridge itself.
No worries about condensation and the potential adverse effects on sophisticated electronic gear. These cartridges are expected to be disposable or recyclable for convenience.
NEAH Power Systems, Inc. - 2010 Update - YouTube (http://www.youtube.com/watch?v=4NBazg3m6G4&feature=player_embedded)
Investors
Neah Power Systems, Inc. is a publicly-held technology development company. Original venture investors include:
Frazier Technology Ventures (FTV) is among the Frazier family of venture funds, which is the largest family of venture capital funds based in the Pacific Northwest with over $800 million under management. FTV was founded in late 2000 with an investment focus on seed and early stage technology investments in the Pacific Northwest. The FTV partners have a combined 70 years of operating experience with industry leaders such as Microsoft, Visio, AT&T, Real Networks and Immunex. Leveraging their operational, technical and domain skills, FTV’s mission is to partner with entrepreneurs to build innovative and sustainable businesses.
Alta Partners is a Bay Area venture capital firm with just under $1 billion under management. Alta invests in companies in the information technology and life sciences sector and provides financing, relationships and guidance to help build highly successful organizations. Alta Partners was founded in 1996 as a successor to Burr, Egan, Deleage & Co. (BEDCO), which invested more than $700 million in over 200 companies in the U.S. and overseas. Alta Partners builds on the BEDCO legacy combining capital and experience with exceptional entrepreneurial talent to achieve investing success.
Intel Capital, Intel’s strategic investment program, is one of the largest worldwide corporate venture programs investing in the technology segment. With an overall strategy to stimulate advances in computing and communications, the Intel Capital team seeks out and invests in promising companies worldwide working together to establish new and innovative technologies, develop industry standard solutions, drive Internet growth and advance the computing platform.
Castile Ventures is an early-stage venture capital firm providing financial backing and strategy guidance to help exceptional entrepreneurs build successful businesses founded on fundamental innovations in technology. Distinguished by the deep business and technology experience of its partners, Castile often leads or co-leads investment syndicated and plays an active role in guiding and advising its portfolio companies.
WestAm is the global investment management arm of WestLB AG, Germany's fourth largest bank by assets. WestAM has investment management operations in the US, Europe, Japan and Australia. As of March 31, 2004, WestAM managed a total of $51 billion for more than 500 institutional clients around the world. The Private Equity Group of WestAM is based in Chicago with offices in New York and Los Angeles.
The Group manages nearly $3 billion in institutional commitments to private equity through discretionally managed portfolios of venture and buyouts partnership, and direct investment in underlying portfolio companies.
NPWZ Neah Power Systems Investor Presentation
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Neah Power Investor Presentation (http://www.slideshare.net/npwzpr/neah-power-investor-presentation)
Management
Dr. Chris D'Couto
President
Chief Executive Officer
Chris heads all of Neah's operations, including engineering, marketing, and business development.
He brings more than a decade in thin films processing and semiconductor technology expertise, proven track record in sales and marketing, and product introduction experience including serving as senior director of marketing at FormFactor Inc., where he headed the launch of full wafer probe cards for NAND flash and DRAM.
Before FormFactor, Chris had a nine-year tenure at Novellus Systems, Inc., with positions of increasing responsibility ranging from productmanagement to technology development and sales. Some of his roles at Novellus Systems include the launch of some of the PVD products and an ALD system for tungsten deposition, Sales Account Management and core technology development. Prior to that, Chris had worked at Varian Associates and as a consultant to Intel Corporation.
He has a B.Tech. (Honors) in chemical engineering from the Coimbatore Institute of Technology in India, Ph.D. in chemical engineering from Clarkson University, NY., and an MBA from the Haas School of Business at the University of California, Berkeley.
Stephen Wilson
Chief Financial Officer
CPA, CMA
Mr. Wilson has 25+ years of experience in finance and accounting, most recently as CFO. Past employers include Coopers & Lybrand, Puget Sound Power and Light, Honeywell, Mutual Materials Company, Strategic Finance & Accounting Services and Impart Media Group, Inc.
Derek Reiman
Director of
Manufacturing
Mr. Reiman joined Neah Power Systems in 2001 upon completing his B.S. in Metallurgical Engineering, with a focus on semiconductor processing, from the University of Washington. He started initially as a Research Engineer on porous silicon process development, electrode current collection and catalysis.
During his tenure at Neah, Mr. Reiman has had roles of increasing responsibility. In his current role as Director of Manufacturing, Mr. Reiman is responsible for the silicon processing, production, cell and stack testing and quality control.
As part of Neah's outsourced manufacturing model, Mr. Reiman is working with the manufacturing partners to implement a reliable supply chain, manage costs, ensure high quality and on time delivery.
Awards
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Popsci logo
2010 Best of What's NewTM
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Office of Naval Research: Award: July 2007 & September 2008
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MIT
Leroy Ohlsen: Top 100 Young Innovators: September 2004
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Seattle Alliance of Angels: Startup of the Year: May 2004
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Venture All-Stars: Top 25 Company: June 2005
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Red Herring Top: 100 Innovators: December 2004
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NIST/ATP: $2M Award: September 2003
RECENT HEADLINES
NPWZ LETTER TO SHAREHOLDERS
AUGUST 25, 2011
Quote:
I am pleased to write this letter to provide an update on Neah Power and share with you the many positive developments that have unfolded in 2011.
We believe that many of these developments can serve as the foundation for the Company's continued momentum into the Second Half of 2011 and we are proud of the these achievements.
Our objective for the Second Half of 2011 is to continue the effort toward licensing of our patented, silicon-based PowerChip MCMTM technology through the establishment of customer engagements. During the course of the year, we are seeing the benefits of previous execution around completing high volume capable prototype systems, customer engagements for products, as well as licensing revenue streams. We continue be excited about our opportunity to merge with Exigent Security Products, the radiation sensor company. Some other very eventful items that happened of 2011, that we believe will continue to evolve to the Company’s benefit are
A team from Neah, including myself, visited India in May to further develop and grow potential business opportunities. Over the course of the summer we continued to nurture and develop those relationships with a follow-uo visit to India in August where we demonstrated the applications of our technology.
As a recognized expert in fuel cell technology, I was invited to Japan for the Renewable Energy Expo 2011 to present Neah’s disruptive and patented technology to leading adopters of fuel cell technologies.
In August, we again visited Japan where we demonstrated our technology to parties interested in the technology.
We continue to have interest from previously announced customers, and we are in the process of renewing our various letters of intent.
We continue to engender interest and early engagement from the leading edge fuel cell adopters in the defense, consumer, and transportation markets.
The leading US defense supplier has renewed their letter of interest, and we are progressing well in our discussions about the specific product applications.
The most recent award, the 2010 Best of What’s NewTM Popular Science, which is one of its most prestigious awards in technology, continues to generate interest among various potential customers.
The management has been continuously committed to working through the difficult economic times that we are experiencing as a nation, as well as a Company. To better align the management interest with that of the shareholder, a director involved with sales efforts for the Company is foregoing any cash compensation, and the officers of the Company are taking a 33% reduction in salary. In return, officers and one director and will be compensated in cash and equity on completion of bookings, and cash receipts, by the Company over the course of the next three years.
We are working diligently to ensure that calendar 2011 will be a year that marks the sustained launch of the Company in the market and will serve as the foundation of our future growth. The Company has over $38M invested from shareholders and previous investors like Intel Capital, Novellus Systems and other top tier venture capitalists. We believe we are now seeing the fruit of that effort, as evidenced by the various patents issued to the Company, awards and other recognition and customer interest for our products.
We have an exceptional team of people committed to bringing the PowerChip MCMTM product to market. As the CEO, I have experience launching successful products for a number of Fortune 500 Companies, and took a leadership role at Neah to complete the development of the technology, develop the manufacturing strategy, and deploy the product with innovators and market leaders. We have a committed team and a Board of Directors that diligently oversees the operations and execution of the Company, while also actively contributing to develop sales channels for Neah.
Neah’s superior performance with our PowerChip MCMTM technology, as compared to the incumbent PEM (Proton Exchange Membrane) technology includes longer lifetime, approximately 2˝ times the power density (power per unit area), capital efficient manufacturing using existing computer chip manufacturing capacity, and a unique anaerobic (non-air) functionality. This unique anaerobic capability makes us an attractive solution for automobiles, trucks, two wheelers, forklifts, electric scooters, and defense applications.
As we move beyond the first half of our fiscal year 2011, we are actively packaging our technology and building a series of commercialized offerings in
· Licensing
· Product Development
· Prototype Development
· Engineering Support
We continue to focus our effort on growing the Company, deploying the PowerChip MCMTMtechnology through licensing and product sales, and maintaining our lean operation mode while we continue to advance Neah Power Systems.
Thank you for your continued support of Neah Power and the Company’s management team.
Chris D’Couto PhD, MBA
President and CEO
Company Contact:
Stephen Wilson
Neah Power Systems
Neah Power News (http://info@neahpower.com)
425-424-3324
Tuesday, October 11, 2011
Neah Receives an Additional US Patent for Non Air-Breathing Fuel Cells
Marketwire (Tue, Oct 11)
Quote:
NEAH Power Systems, Inc., (OTCBB: NPWZ) announced it has been issued another patent from the U. S. Patent and Trademark Office. The patent, titled "Liquid-liquid fuel cell systems having flow-through anodes and flow-by cathodes" (USPTO #7,968,248), further solidifies Neah's presence and leadership in alternative energy.
With this patent issuance, Neah has a total of twelve issued patents in the U.S. This patent relates to the unique anaerobic (non air-breathing) capability of the Neah fuel cell. This patent further covers Neah's proprietary architecture whereby a liquid fuel and a liquid oxidant run the fuel cell independent of the environment of operation.
Neah Power CEO, Dr. Chris D'Couto, stated, "This additional patent further solidifies our IP portfolio and demonstrates the underlying validity of our proprietary technology. We believe that our novel fuel cell technology enables us to offer differentiated and competitive products for a variety of possible applications that were previously considered unsuitable for fuel cells.
We believe this is why companies like The Boeing Company, the large US defense supplier we previously announced, and other parties are showing interest in our products."
More information about this patent, as well as our patent portfolio, can be downloaded directly from the USPTO website, located at patft » Page 1 of 1 (http://patft.uspto.gov/)
Thursday, October 6, 2011
Neah Discusses Recent Interest in Its Proprietary Fuel Cells
Marketwire (Thu, Oct 6)
Monday, October 3, 2011
Interview With The President And CEO; Neah Power Systems, Inc. (NPWZ)- Chris DCouto
Neah Power Systems, Inc. - Chris D'Couto: Wall Street Transcript Interview Excerpt (http://www.twst.com/notes/articles/avj605.html)
Wall Street Transcript (Mon, Oct 3)
Boeing Supports Neah Power Systems as a Fuel Cell Provider for Airplane and Ground Applications
Marketwire (Mon, Oct 3)
Quote:
Boeing Company is exploring areas of collaboration to deploy our patented, award-winning PowerChip™ technology to various distributed power sources on Boeing's current and future airplane and ground systems
finance.yahoo.com/q/h?s=NPWZ.OB+Headlines
NPWZ Contact Info
Neah Power Systems, Inc.
22118 20th Avenue SE
Suite 142
Bothell, WA 98021
Website: Neah Power News (http://www.neahpower.com)
Phone: 425-424-3324
Email: info@neahpower.com
facebook: Neah Power Systems | Facebook (http://www.facebook.com/NeahPower)
twitter: Twitter (http://twitter.com/#!/neahpowerinc)
flikr: Flickr: neahpower's Photostream (http://www.flickr.com/photos/neahpower)
Nyx-TrAdah
10-18-2011, 09:24 PM
NEAH Power Systems, Inc. - 2010 Update - YouTube (http://www.youtube.com/watch?v=4NBazg3m6G4&feature=youtu.be)
Nyx-TrAdah
10-19-2011, 07:51 AM
NPWZ Stock Video Chart Get In For It's Second Run 10/18/2011 - YouTube (http://www.youtube.com/watch?v=z5WU1rwobhs)
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