Bothell, WA (July 8, 2016) – Neah Power Systems, Inc. (OTCBB: NPWZ, NEAH POWER) an emerging leader in fuel cell-based power solutions and rechargeable lithium battery storage solutions for defense, commercial, and consumer applications, is pleased to announce that it was selected as a semi-finalist by the Department of Energy (DOE). The Company and the National Laboratory partner are required to make certain additional submissions by July 8 2016 to the DOE as part of the semi-finalist review.
In the battery submission, the focus is on characterizing the battery and performing a deconstruction analysis to determine methods to increase the energy density and / or increase the lifetime of the battery.
About Neah Power Systems, Inc.
Neah Power’s core fuel cell 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. The PowerChip® battery leverages the proven silicon architecture to build a rechargeable lithium battery that is demonstrating industry leading performance. 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, or customer enquiries, please contact
Neah Power Systems Inc. Contact:
Jeffrey May CPA
425 424 3324 ext 105
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, 2015 and its Quarterly Reports on Form 10-Q for a discussion of such risks, uncertainties and other factors.