NEAH POWER SYSTEMS WINS U. S. Department of Energy grant for lithium metal battery

BATTERY characterization by Argonne National laboratory

Bothell, WA (August 23, 2016) – Neah Power Systems, Inc. (OTCBB: NPWZ, NEAH POWER) an emerging leader in high density rechargeable lithium metal battery storage solutions for defense, commercial, and consumer applications, is pleased to announce that it won a grant from the U.S. Department of Energy through the Small Business Vouchers Pilot Program. http://energy.gov/technologytransitions/articles/energy-department-awards-43-new-business-laboratory-collaborations

The NEAH PowerChip® Battery is the first battery to be made with high volume capable microchip manufacturing technology in semiconductor facilities (foundries) throughout the world. NEAH and numerous electrochemical engineers worldwide envision this new NEAH Battery architecture as transformative as it will change the way batteries are made, used and perform. The proprietary architecture of the PowerChip® Battery brings batteries into the microchip era, using the same manufacturing technologies that made television sets, cell phones, laptops and a variety of devices more compact with superior performance at lower cost. While initially targeted for consumer oriented applications, the battery technology could be used for automotive and defense applications as well.

Dr. Chris D’Couto, President & CEO of NEAH said, “We look forward to working closely with Argonne National Laboratory, which is uniquely qualified to characterize the performance metrics associated with our unique battery architecture. This unique 3D architecture using lithium metal anodes enables more than five times the performance of batteries in production today.  We at NEAH believe that the characterization of the battery by Argonne National Laboratory will further enhance the performance and manufacturability of the battery. It will also help us understand the most critical electrochemical reactions. This DOE/Argonne relationship will provide advanced technology learnings, leapfrogging what would be possible in a privately held laboratory.

About the Small Business Vouchers Pilot

The U.S. Department of Energy Small Business Vouchers Pilot is a collaborative, national effort that provides $20M for U.S. companies to work with National Laboratories. Vouchers focus on nine clean energy technologies.

The SBV Pilot is an initiative of the U.S. Department of Energy, DOE’s Office of Energy Efficiency & Renewable Energy, and participating DOE national labs.

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 

Contact:
Jeffrey May CPA
jmay@neahpower.com
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.

NEAH POWER SYSTEMS Battery Proposal Selected As Semi-Finalist

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
jmay@neahpower.com
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.

NEAH POWER SYSTEMS SUBMITS PROPOSAL FOR DEPARTMENT OF ENERGY FUNDING

Funding submissions for Battery and Hydrogen Fuel Cell 

Bothell, WA (June7, 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, proudly announced that the Company had submitted two separate proposals for Department of Energy (DOE) funding. One submission was related to the rechargeable lithium battery, and the second submission was related to a hydrogen fuel cell. Both the technologies use the Company’s proprietary silicon architecture. In both cases, a reputed National Laboratory was identified as the preferred partner. A response to these submissions is expected by end of June 2016.

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. In the fuel cell submission, the emphasis is on benchmarking and characterizing the fuel cell, and evaluating means to reduce the cost of operation of the fuel cell.

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
jmay@neahpower.com
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.

NEAH Power systems ISSUES Letter to Shareholders – March 2016

Ongoing commercialization and exciting developments at the Company

BOTHELL, WA – March 16, 2016 – Neah Power Systems, Inc. (OTCBB: NPWZ) (OTC: NPWZ) – today issued the following letter to shareholders: 

Dear Fellow Shareholders:

We are enthused about the ongoing capitalization and commercialization activities at the Company and the opportunity to share these developments with you. For recent followers of the Company, we want to highlight our key products. We have the PowerChip® anaerobic (non-air) fuel cell, most recently accepted by the Defense Research and Development Organization (DRDO) of the Government of India. We also have the Formira Hydrogen on Demand (Formira HOD), the most energy dense solution for the generation of hydrogen from a safe liquid source. The BuzzBar Suite is an off-grid charging solution for consumer and commercial applications. We shipped our BuzzBar Gen2 product, and have a Gen3 design that will ship once we close the next round of financing. Finally, we have the PowerChip® Battery under development that has shown industry leading performance. All of our products and technologies are covered by 14 patents, 12 pending patent applications and various trade secrets and know how.

Capitalization: Our previously announced financing of $6M in debt financing, with a $4.75M drawdown at closing has been delayed but the investor updates us constantly. They have reported receiving funds from their investor now for the last eight weeks, and once various banking and fund set up fees have been paid, they have stated they will start funding NEAH. This investor has a very credible multi-year track record of investing in market disrupting emerging technology companies. The details of this investment were previously disclosed in the December 2015 letter to shareholders. The financing is critical to execute on the business plan of the Company. The Company is also evaluating other financing options.

Business update:

  1. NEAH was invited to participate in the White House briefing on Feb 17. We have had various commercialization and capitalization discussions occur based on the networking at that event. As a direct result of attending the White House conference on Climate Change, we have been invited to attend three USTDA Reverse Trade Missions Focused on Energy Storage. The delegates are senior officials from South Africa, Jordon, Brazil, Colombia, India, the Philippines, Turkey and Vietnam.
  2. I recently visited the United Arab Emirates (UAE) to explore certain licensing relationships to implement manufacturing and other partnership agreements. There is tremendous interest with the entities I met with to develop UAE into a renewable energy focused hub. We continue to explore and to finalize a mutually beneficial business relationship here.  
  3. We are in discussions with the Economic Development Authority of State in the USA regarding relocating to that State to enable their focus on renewable energy and battery storage. We expect this to get finalized in Q2 2016.
  4. We continue to make progress on the previously announced MOU with a South Africa entity. We are in almost daily discussions with them, and are targeting an agreement with them by end of Q2 2016. This will provide a key production pathway for meeting our customer needs.
  5. We have been negotiating a licensing agreement with an entity in India for the BuzzBar Suite and the Formira HOD products. India has been identified as one of the fastest growing markets for off-grid power, and this relationship can enable NEAH products to serve this region.
  6. We have been negotiating a Formira HOD licensing with a group in Taiwan for the Greater China Region. Similar to India, the demand for off-grid power is significant, and continuing to grow in this region. This licensee partner is expected to visit us in the near future which will enable us to complete the anticipated transaction.
  7. Our discussions with the DRDO are ongoing, and we expect to schedule a visit in Q2 2016.
  8. We plan to submit for two separate grants for certain DOE funding with a National Laboratory in the US during the next 30 days.
  9. Finally, the PowerChip® Battery continues to get tremendous interest from consumers and commercial entities. We are negotiating preliminary orders for this product, and due to the outsourced manufacturing model, we believe we can manufacture this very capital efficiently

While our capitalization situation is very challenging, the management is diligently working to complete various capitalization and commercialization activities that will help unlock the potential of the Company. We are pursuing licensing agreements initially since that would enable licensee partners to create manufacturing infrastructure to meet their needs but also the needs of NEAH.

Thank you for your continued support, and best regards,

Chris D’Couto
President & CEO

 

For further information, please contact:
David Schmidt, CFO
info@neahpower.com
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 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, 2015 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.

NEAH POWER SYSTEMS INVITED TO WHITE HOUSE BRIEFING

Climate change & sustainable energy production to be discussed

Bothell, WA (Feb 16, 2016) – Neah Power Systems, Inc. (OTCBB: NPWZ, NEAH) an emerging leader in fuel cell-based power solutions and rechargeable lithium battery storage solutions for defense, commercial, and consumer applications, proudly announced that Dr. Chris D’Couto, President & CEO, was invited to attending a White House Business Council briefing on February 17 2016 on renewable energy and climate change.

The White House Business Council and Business Forward are organizing the briefing at the White House with senior Administration officials on Wednesday, February 17 to discuss efforts to make America the world leader in sustainable energy production and methods for mitigating the effects of severe weather. Dr. D’Couto and others will brief senior Administration officials on how the government can help spur investments that will bring new energy products and solutions to market.

Dr. Chris D’Couto, President & CEO of NEAH, said, “I am honored to be invited to this prestigious event and to participate in solving one of the most pressing issues of our time. This is a generational issue and a legacy that we will leave our children and grandchildren. The leadership by the White House Business Council and Business Forward is commendable and I look forward to making our country a leader in the clean tech arena, while creating high quality jobs and offering world-class solutions.

Dr. D’Couto further added, “We believe that the NEAH PowerChip®  fuel cell, the Formira Hydrogen-on-demand products, and the PowerChip® battery product under development, besides offering very differentiated and cost effective solutions for off-grid power and hydrogen-on-demand, will help mitigate global warming and make our country a leader in the clean energy landscape.”

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.

About Business Forward

With the help of more than 50 of the world’s most respected companies, Business Forward is making it easier for tens of thousands of business leaders from across America to advise Washington on how to create jobs and accelerate our economy. Business Forward is active in more than 100 cities and works with more than 450 senior Administration officials, Members of Congress, governors, and mayors.

To date, the organization has also brought more than 3,000 business leaders to the White House to brief the President’s economic advisors. Business leaders who have participated in these briefings have seen their suggestions implemented in the Affordable Care Act, the Jobs Act, three trade agreements, and every one of the President’s budgets. Many have also shared their recommendations with their representatives in Congress and through op-eds and interviews with local media. Ninety-eight out of 100 business leaders who have participated in a Business Forward briefing would be interested in participating in another one. For more information please visit www.BusinessFWD.org.

NEAH POWER SYSTEMS SIGNS MEMORANDUM OF UNDERSTANDING WITH SOUTH AFRICAN ENTITY

Licensing deal for serving the fast growing Africa market 

Bothell, WA (Date, 2015) – 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, proudly announced that the Company has signed a memorandum of understanding (MOU) with a large South Africa based entity, to license the NEAH’s technology. This license would include the PowerChip® fuel cell technology, the Formira HOD® technology and theBuzzBar technology. 

Chris D’Couto, President and CEO of NEAH POWER said, “We are pleased to announce this MOU with a well-established, significant South Africa entity (SAE). As we continue to innovate and develop products, this relationship will enable cost effective manufacturing in one of the fastest growing markets for these products, as well as the ability to get high volume supply from this factory to meet our worldwide needs”.   

The Company and the entity are working diligently to finalize certain financial details including upfront license payments, equipment purchase and installation support payments, and royalty payments on a go-forward basis. The Company and the SAE expect to create a joint venture where the Company would have partial ownership. The Company is expected to release more details about this important strategic venture, and expects to formalize the various agreements, in first quarter of 2016. 

About Neah Power SystemsInc 
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.  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: 

David Schmidt 
dschmidt@neahpower.com 
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, 2014 and its Quarterly Reports on Form 10-Q for a discussion of such risks, uncertainties and other factors. 

NEAH POWER SYSTEMS ISSUES LETTER TO SHAREHOLDERS – PART II

Highlights ongoing business initiatives in Part II on Dec 2 2015

BOTHELL, WA – Dec 1, 2015 – Neah Power Systems, Inc. (OTCBB: NPWZ) (OTC: NPWZ) – today issued the following letter to shareholders:

Dear Fellow Shareholders:
Continuing from Part I from yesterday, please see Part II, the update on the various business initiatives

Status of the Shorai Acquisition

Due to the lack of transaction financing, we have decided to postpone the Shorai Acquisition until a larger financing can be closed.

Status of Certain Business Development Initiatives:

Below is a summary of some of the Company’s business development initiatives which, together with other public disclosures made by the Company (including those contained in our most recently published letter to shareholders), should be taken into consideration when considering a loan or investment. 

Formira HOD®

NEAH recently released an improved version of the Formira HOD, with BASF, the German Chemical Company, as a preferred supplier for the Formira fuel.

To date, NEAH Power has entered into various teaming agreements with system integrators and manufacturers to incorporate our products into their platforms, as well as resell our products to their customers. In addition, we are presently negotiating an order for several demonstration units with Clear Path Technologies, a leading security and defense system integrator which is developing markets for our fuel cell products in the U.S., Asia Pacific, and MENA regions.

A recently released video including a technical overview and demonstration of our Formira HOD® system can be found at the following link:

( https://www.youtube.com/watch?v=NQiQ-I77DPc)

DRDO Licensing 

NEAH has recently been in high level communications with the DRDO. This has been driven by the recent appointment of the DRDO chief, whose position remained vacant for almost 5 months, since the termination of the previous DRDO chief in Jan 2015. This has created tremendous positive momentum to finalize the licensing proposal that was previously submitted to the DRDO. We are in commercial close at this time, pending a specific date for negotiation and finalization of the licensing agreement.

PowerChip® Battery Update

So far the performance of the battery has exceeded expectations, such that we have begun to discuss developmental and licensing opportunities with leading battery manufacturers, system integrators, and other companies involved in, or seeking entry into, the very lucrative energy storage sector. We are currently in preliminary discussions with consumer and computing companies, battery manufacturers, and parties who have expressed interest in investing directly into the battery opportunity. Any such direct investment into the battery opportunity could potentially lead to a spin out of this technology.

Customer Sales / Licensing Discussions

The Company is also actively engaged in the following sales and licensing initiatives which are expected to deliver results and sales revenues in the near term:

  • We have a non-binding MOU for a strategic Joint Venture with a South African Consortium comprised of a Provincial Government and Platinum Mining Conglomerates regarding the sale and transfer of a license to produce NEAH Power’s fuel cell products for sale in Africa and the Middle East. Said JV is expected to generate significant revenues, as well as provide a preferred source of raw materials for the production of NEAH Power fuel cells and reformers. This JV is expected to generate short term revenue and ongoing royalty payments creating significant long term value for the Company. We are finalizing dates to visit, and to potentially execute final documents during the visit, for this initiative.
  • Our Teaming Agreements with Clear Path Technologies, Tectonica (Pvt) Ltd, S4W Technologies, Silent Falcon and Black-I Robotics, to integrate NEAH Power’s power generation and energy storage technologies in mature product lines with established customer bases, while rapidly and cost-effectively developing global markets for its products. Some of the licensing agreements under negotiation, discussed in Part I, developed from these Teaming agreements. Anticipated sales revenues under these teaming agreements is expected to reach $20mm in three years.
  • We are discussing a strategic Joint Venture with a Street Furniture/Outdoor Advertising company regarding the sale and integration of NEAH Power’s remote power solutions for long-term operation of public advertising displays to be installed under existing municipal contracts. Anticipated sales revenues under this JV is expected to reach $6mm in two years.

Thank you for your continued support, and best regards,

Chris D’Couto
President & CEO

 

For further information, please contact:
info@neahpower.com
425-424-3324 ext. 10

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.

 

NEAH POWER SYSTEMS ISSUES LETTER TO SHAREHOLDERS – PART I

Highlights continued progress and discusses commercialization, ongoing business initiatives in Part II on Dec 2 2015

BOTHELL, WA – Dec 1, 2015 – Neah Power Systems, Inc. (OTCBB: NPWZ) (OTC: NPWZ) – today issued the following letter to shareholders:

Dear Fellow Shareholders:

Over the last six months, NEAH Power Systems has witnessed a tremendous response to our products and technologies. Recently, we have announced teaming agreements with several leading companies in the security/defense, robotics and mobile electronics industries. Additionally, we have expanded industry relationships with battery and fuel cell suppliers and manufacturers and have entered into discussions with multiple strategic partners regarding the license, sale and manufacture of NEAH Power’s products. To help facilitate and manage this growth the Company, has also expanded with the addition of several key consultants and advisors bringing high value associations including potential co-development sponsors within the U.S. Government. All of this, together with other significant advancements, is expected to open the door to the use of our products in several rapidly expanding markets, including transportation/automotive, distributed energy/smart grid infrastructure and telecommunications, and result in significant revenue growth.

Dr. Chris D’Couto was also interviewed by Money TV®, which can be seen here https://vimeo.com/145571430

As to current capital-raising efforts, the company had previously entered into a senior secured loan agreement with a Connecticut based investment fund. The loan agreement provides for $6 million in debt financing with an initial draw down of $4.5 million at closing. For each drawdown, interest is accrued at LIBOR plus 4% with maximum interest rate of 6%. There is no repayment within the first three years. Additional details will be provided at the time of funding. While we have had significant delays, the Investor believes that this funding is expected to close sometime in 4Q 2015 based on latest guidance. Due diligence by the investor has gone well, and both parties have agreed to final documents, which will be executed at funding. We are receiving status updates on an almost daily basis.

A Note to Potential Investors: the Securities and Exchange Commission recently amended Regulation D by, among other things, creating Rule 506 (c) that now permits the Company to announce investment opportunities, publicly. Subject to certain due diligence requirements to confirm that any investor is “accredited”, potential investors should contact: Mr. David Schmidt (info@neahpower.com)_- at the Company to explore current investment opportunities

Other business development activity includes –

  • $3mm to $5mm equity funding or license payment with a sovereign fund of a Middle East nation, subject to satisfactory due diligence, and finalization of the material terms.
  • Consultant-generated licensing and funding opportunities, ranging from $1mm to $3mm with certain qualified parties from the UAE, Qatar, Saudi Arabia, Singapore, Indonesia, Malaysia, Vietnam and China, also subject to due diligence and negotiation of definitive agreements.

We believe these capitalization and commercialization efforts would help accelerate product deployment and unlock the intrinsic value of the Company.

We will further discuss ongoing commercial initiatives tomorrow, Dec 2nd 2015.

Thank you for your continued support, and best regards,

Chris D’Couto
President & CEO

For further information, please contact:
info@neahpower.com
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 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.

Neah Power Systems Releases Improved Formira Hydrogen-on-Demand Product

Product targeted for stand-alone off-the-grid applications, BASF is preferred supplier

Bothell, WA (Oct. 20, 2015) – 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, proudly announced the launch of the improved Formira HOD® platform, releasing a video that can be viewed online (YouTube Link: https://www.youtube.com/watch?v=NQiQ-I77DPc) and the white paper and spec sheet for the product that allows potential customers to estimate the size of the fuel cell for their specific application (PDF Download: http://dtn.fm/Formic-Acid-Hydrogen-Reformer-for-Fuel-Cells). The Company also noted that it has chosen BASF to be its preferred supplier of formic acid for the Formira HOD platform through its global network of production and distribution sites.

President and CEO of NEAH POWER said, “We are so proud to be launching this improved product. We believe this is the most energy dense, safe, cost effective, liquid source for the generation of hydrogen. The hydrogen can be used for a variety of applications, as a fuel for fuel cells, for metals processing, and other applications. We have also taken the unusual step of posting our product spec sheet on the website, with a simple calculator that customers can use to determine the size of a system for their specific application”.  He further noted, “Unlike other reformer technologies, we use the same fuel source (formic acid) to run the reformer and to generate hydrogen, and the fuel contains less than 5% water, unlike other reformers that can contain 30% or more water. The hydrogen generated is consumed by the fuel cell, and we do not store the gaseous hydrogen, addressing various safety and handling concerns related to compressed hydrogen use in fuel cells.”

This Formira HOD® product has generated significant interest from customers and partners due to the lack of alternate high energy density, instantly rechargeable solutions. These teaming agreements with Tectonica (Pvt) Ltd, Clear Path Technologies®, Silent Falcon, S4 Worldwide and Black-I Robotics allow them to incorporate the Formira HOD into their product platforms, and to partner with NEAH POWER to offer the product in other geographical markets as well. The Company will continue to update on the exciting commercialization of this disruptive product.

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.  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.

About BASF

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 17,000 employees in North America, and had sales of $20.6 billion in 2014. For more information about BASF’s North American operations, visit www.basf.us.

At BASF, we create chemistry – and have been doing so for 150 years. Our portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. As the world’s leading chemical company, we combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of over €74 billion in 2014 and around 113,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com.

For more information, or customer enquiries, please contact 

Neah Power Systems Inc. Contact:

David Schmidt
dschmidt@neahpower.com
Tel.: (425) 424-3324 ext. 105

BASF Contact:

Albania Lara
Tel.: (973) 245-5764
albania.lara@basf.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.

NEAH Power Systems and S4 Worldwide Execute Teaming Agreement for Business and Product Development

S4 Worldwide to receive initial production of NEAH Power’s porous silicon battery for integration in Body Worn Cameras for Police and Security Professionals

Bothell, WA (Sept 16, 2015) – NEAH Power Systems, Inc. (OTCBB: NPWZ) (“NEAH POWER”) and S4W Worldwide Technologies (“S4W”) have announced a teaming agreement, by which both parties will work together to integrate NEAH POWER’s patented power generation and energy storage technologies with S4W’s industry leading security and defense products.

Under the agreement, NEAH POWER will deliver commercial units of its patented formic acid reformer fuel cell (Formira HOD™) and engineering units of its PowerChip® fuel cell and PowerChip® Battery. In addition, NEAH POWER will provide S4W with engineering and technical support to ensure successful integration into S4W’s products.

The agreement, which allows NEAH POWER and S4W to cooperatively market each of the other’s products, is expected to expand the number of distribution and sales channels available to the partners, and allow each to fully exploit the capabilities and growing customer bases of the other, with high capital efficiency.

Of particular focus in the agreement, is the cooperation of the parties on the anticipated commercialization and release of NEAH POWER’s ground breaking porous silicon-chip based PowerChip® Battery. In connection with the agreement, NEAH POWER will deliver S4W, as a preferred partner, initial production runs of the PowerChip® Battery for incorporation in S4W’s state-of-the-art body worn cameras currently being marketed to police and security professionals worldwide.

“We are most enthused to partner with S4W and their engineering teams to develop industry leading products with unprecedented durations of operation”, announced Chris D’Couto, President and CEO of Neah Power Systems, Inc. “The partnership with S4W, with its high caliber management and sales organization, will allow us to further advance our system integration strategy, while increasing the number of markets for the products offered by NEAH POWER and its partners. I strongly believe that this cooperation between NEAH POWER and S4W fits perfectly with our mantra to deliver power generation and energy storage solutions that are ‘smaller, lighter and more powerful’.”

Paul Sault, CEO of S4W complemented, “S4W welcomes the opportunity to co-develop and market product incorporating NEAH POWER’s advanced technologies. Our engineering staff and consultants immediately recognized the transformative nature of NEAH POWER’s Formira HOD™ and PowerChip® solutions, specifically, when incorporated in a highly disruptive product like our Smart Body Cam where continuous power is necessary for delivery of the ever-important personnel and public safety benefits they provide. Upon first being introduced to NEAH POWER’s PowerChip® Battery, S4W was eager to become an early adopter. While interviewing countless numbers of public safety personnel about what features they wanted to see standard on a body camera, having the power necessary to make it through an entire shift without battery recharging or replacement, ranked very near the top.”

Chris D’Couto added, “As previously reported, NEAH POWER has incorporated its award-winning and patented PowerChip® fuel cell architecture into the patent pending PowerChip® battery. To date, this new battery design has exhibited unprecedented performance characteristics. As NEAH POWER moves closer to first commercial release of the PowerChip® Battery, NEAH POWER expects to continue to work in close cooperation with companies like S4W in expanding integration opportunities and advancing other pre-launch activities.”

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 S4 Worldwide

S4 WORLDWIDE provides mobile real-time situational awareness technologies to business decision-makers. Using environmentally friendly, solar and wind powered trailer-mounted systems, video, audio, and sensor data is gathered from remote sites and electronically presented to users through a secure website and onto their laptops, tablets, or smartphones. S4W’s vision is to be the leader in responsive, real-time dynamic business tools for decision-makers. For more information visit www.s4worldwide.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

Neah Power Systems Inc.
David Kugelman
dkugelman@neahpower.com         
(866) 692-6847 Toll Free – U.S. & Canada.