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.”
NEAH Power’s President and CEO, Dr. Chris D’Couto, added: “Given the 40 fold increase in surface area we see from using 3D porous silicon, we are already at the front of the pack in terms of power density. This added surface area also gives us more room to work with in terms of efficient catalyst placement. Our goal is to provide a system that can out-compete a battery not only in terms of capability, but also affordability.”
About NEAH Power
NEAH Power Systems, Inc. (NPWZ) 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 www.neahpower.com.
Forward-Looking Statements
Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements," which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. See Neah Power System's Form 10-KSB for the fiscal year ended September 30, 2008 for a discussion of such risks, uncertainties and other factors. These forward-looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future.
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