NEAH Power Systems, Inc., an innovator and supplier of
cutting-edge power products for the military, transportation and portable
electronics industries, and Black-I Robotics, Inc. (“Black-I”), a leader in
robotic technology-based solutions, today announced that they are teaming up to
deliver NEAH Power’s patented power generation and energy storage technologies
to the robotics market.
Both companies share a vision to develop power systems for
robotic mobile platforms that can provide unprecedented increases in levels of
performance and vastly improved deployment times, as well as deliver robotic
solutions that better meet the needs of Black-I’s commercial, industrial and
defense customers.
Black-I and NEAH Power have agreed to collaborate on product
development and system integration of NEAH Power’s patented formic acid
reformer fuel cell (Formira HOD™), PowerChip® Fuel Cell and PowerChip® Battery
with Black-I’s advanced remote robotic vehicles. In addition, Black-I will
serve as an engineering and sales consultant, working with NEAH Power to
develop power products that can be integrated and licensed for use by other
manufacturers of professional robots used for defense, ground-based and
underwater transport, healthcare, logistics, and construction, as well as for
use by manufacturers of personal robots for entertainment and other household
applications.
The service segment of the global robotics market is
expected to reach USD$16 billion by 2020. Growing investments supporting the
development of service robotics in countries such as Japan, Korea, China and
the United States is expected to favorably impact market growth. Increasing
government spending initiatives in defense and military applications, coupled
with high demand in these segments, is expected to further drive this growth.
“NEAH Power is excited to work with Black-I Robotics, a
company with proven technologies and robotic platforms that can deliver
advanced robotic solutions for defense, industrial and commercial applications,”
stated NEAH Power CEO Chris D’Couto. “Together, we will work to expand the
markets for our products by offering power solutions that can markedly increase
the amount of reliable, efficient and safe power available to these systems,
which in effect will drive growth for the benefit of shareholders.”
“We very much look forward to teaming with NEAH Power, a
true innovator in portable power,” added Brian Hart, president and CEO of
Black-I Robotics. “This agreement allows us to explore ways to meet the critical
demand for lighter, more compact and highly efficient power systems for the
robotics market. By consolidating our expertise, capabilities and resources, we
expect to revolutionize the delivery of mobile power and truly untether robots,
regardless of their power requirements, so they can better execute their
mission.”
For more information, visit www.neahpower.com
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