NEAH Power Systems is a leading innovator of unique energy
solutions. The company develops products that address specific power
requirements for clients in a wide range of markets – including military,
government and corporate applications. At the heart of many of NEAH Power’s
products is its patented, award-winning PowerChip® technology, which enables
the development of solutions with higher power densities and compact form
factors that meet exacting specifications. Through this portfolio, the company
is strategically positioned to increase its market share by challenging established
industry leaders.
In recent months, NEAH Power had made considerable progress
toward the commercialization of its Formira Hydrogen on Demand system. While
major players in the stored power industry, such as FuelCell Energy (NASDAQ:
FCEL), continue to highlight hydrogen generation as a major area of interest
moving forward, NEAH Power is currently preparing to demonstrate its
functioning system to the Australian Army in the coming weeks. The company has
already initiated work on preliminary design details for units of various sizes
to meet off-grid power needs, and discussions are underway with parties in
China related to licensing and manufacture of the technology.
NEAH Power differentiates itself from larger fuel cell
developers – including Ballard Power Systems (NASDAQ: BLDP) and Plug Power
(NASDAQ: PLUG) – by expertly addressing the rapidly expanding market for
portable electronic devices. Through its BuzzBar Suite™, the company enables
off-grid, on-the-go charging capabilities for a full range of mobile devices.
With the option to use a variety of energy sources – including wall outlets,
solar power, fuel cells and disposable batteries, the BuzzBar is the perfect
power solution for nearly any scenario. Pending the completion of a
satisfactory capital raise, NEAH Power plans to commence shipment of its third
generation BuzzBar later this year.
By targeting diversified industries with its award-winning
technology, NEAH Power is in a favorable position to expand upon its current
market share and promote sustainable financial growth.
For more information, visit www.neahpower.com
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