BOTHELL, Wash. – JULY 27 2010 – NEAH Power Systems, Inc., (OTCBB: NPWZ), www.neahpower.com, the company developing fuel cell based renewable energy solutions, announced today that it has successfully qualified alternate materials that will help to reduce precious metal content in its fuel cell.
Following the successful demonstration of NEAH Power’s prototype, the company has been evaluating cheaper components and materials. Derek Reiman, Neah Power’s Director of Manufacturing said, “We’ve had precious metals reduction in our crosshairs for quite some time. Now that we have a fully operational system, we have turned our focus to improving lifetime and lowering overall product and manufacturing cost. Given the flexibility of our silicon substrate, we are able to use materials and processes that traditional PEM fuel cells cannot. This has allowed Neah to qualify multiple non-precious metals and significantly reduce our reliance on gold as a current collector.”
