NEAH Power Systems and S4W Worldwide Technologies (“S4W”)
today announced a teaming agreement. Per the terms, both parties will be
working together to integrate NEAH POWER’s patented power generation and energy
storage technologies with S4W’s industry leading security and defense products.
NEAH POWER has agreed to 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 other’s products, is anticipated 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,” stated 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, added, “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 concluded, “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.”
For more information on NEAH Power Systems, visit
www.neahpower.com
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