NPWZ ~Neah Power Systems
 

About NPWZ ~NEAH Power 

NEAH Power Systems, Inc. (NPWZ.OB) is developing long-lasting, efficient and safe power solutions for the military, transportation, and for portable electronics. 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. Neah believes that the technology can also be used for energy storage and generation. 

About NEAH Power Systems, Inc. 

http://www.youtube.com/watch?v=MhmLJUWAMDE&feature=player_embedded 

NPWZ LETTER TO SHAREHOLDERS 
AUGUST 25, 2011 

Quote:

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I am pleased to write this letter to provide an update on Neah Power and share with you the many positive developments that have unfolded in 2011. We believe that many of these developments can serve as the foundation for the Company's continued momentum into the Second Half of 2011 and we are proud of the these achievements. 

Our objective for the Second Half of 2011 is to continue the effort toward licensing of our patented, silicon-based PowerChip MCMTM technology through the establishment of customer engagements. During the course of the year, we are seeing the benefits of previous execution around completing high volume capable prototype systems, customer engagements for products, as well as licensing revenue streams. We continue be excited about our opportunity to merge with Exigent Security Products, the radiation sensor company. Some other very eventful items that happened of 2011, that we believe will continue to evolve to the Company’s benefit are 

A team from Neah, including myself, visited India in May to further develop and grow potential business opportunities. Over the course of the summer we continued to nurture and develop those relationships with a follow-up visit to India in August where we demonstrated the applications of our technology. 

As a recognized expert in fuel cell technology, I was invited to Japan for the Renewable Energy Expo 2011 to present Neah’s disruptive and patented technology to leading adopters of fuel cell technologies. 

In August, we again visited Japan where we demonstrated our technology to parties interested in the technology. 
We continue to have interest from previously announced customers, and we are in the process of renewing our various letters of intent. 

We continue to engender interest and early engagement from the leading edge fuel cell adopters in the defense, consumer, and transportation markets. 

The leading US defense supplier has renewed their letter of interest, and we are progressing well in our discussions about the specific product applications. 

The most recent award, the 2010 Best of What’s NewTM Popular Science, which is one of its most prestigious awards in technology, continues to generate interest among various potential customers. 

The management has been continuously committed to working through the difficult economic times that we are experiencing as a nation, as well as a Company. To better align the management interest with that of the shareholder, a director involved with sales efforts for the Company is foregoing any cash compensation, and the officers of the Company are taking a 33% reduction in salary. In return, officers and one director and will be compensated in cash and equity on completion of bookings, and cash receipts, by the Company over the course of the next three years. 

We are working diligently to ensure that calendar 2011 will be a year that marks the sustained launch of the Company in the market and will serve as the foundation of our future growth. The Company has over $38M invested from shareholders and previous investors like Intel Capital, Novellus Systems and other top tier venture capitalists. We believe we are now seeing the fruit of that effort, as evidenced by the various patents issued to the Company, awards and other recognition and customer interest for our products. 

We have an exceptional team of people committed to bringing the PowerChip MCMTM product to market. As the CEO, I have experience launching successful products for a number of Fortune 500 Companies, and took a leadership role at Neah to complete the development of the technology, develop the manufacturing strategy, and deploy the product with innovators and market leaders. We have a committed team and a Board of Directors that diligently oversees the operations and execution of the Company, while also actively contributing to develop sales channels for Neah. 

Neah’s superior performance with our PowerChip MCMTM technology, as compared to the incumbent PEM (Proton Exchange Membrane) technology includes longer lifetime, approximately 2½ times the power density (power per unit area), capital efficient manufacturing using existing computer chip manufacturing capacity, and a unique anaerobic (non-air) functionality. This unique anaerobic capability makes us an attractive solution for automobiles, trucks, two wheelers, forklifts, electric scooters, and defense applications. 

As we move beyond the first half of our fiscal year 2011, we are actively packaging our technology and building a series of commercialized offerings in: 
· Licensing 
· Product Development 
· Prototype Development 
· Engineering Support 

We continue to focus our effort on growing the Company, deploying the PowerChip MCMTMtechnology through licensing and product sales, and maintaining our lean operation mode while we continue to advance Neah Power Systems. 

Thank you for your continued support of Neah Power and the Company’s management team. 

Chris D’Couto PhD, MBA 
President and CEO 
Company Contact: 
Stephen Wilson 
Neah Power Systems 
info@neahpower.com 
425-424-3324

NPWZ Security Details 

NEAH Power Systems, Inc. is a fully reporting SEC company, publicly traded on the OTC Market under the symbol, “NPWZ”, and within the OTCQB market tier. As such, Business, operational and financial information on NPWZ is fully transparent and available to public view. 

Visit http://www.otcmarkets.com/stock/NPWZ/quote for more information. 

Market Value1 $1,041,857 a/o Oct 17, 2011 
Shares Outstanding 124,030,594 a/o Jul 22, 2011 
Float Not Available 
Authorized Shares 500,000,000 a/o Mar 02, 2011 
Par Value 0.001 
(as reported in 10Q listed below) 

Common stock outstanding before the offering 
124,799,825 shares as of August 17, 2011. 
Common stock outstanding after the offering 
159,799,825 shares 
Subject to Completion, dated August 19, 2011 
Preliminary Prospectus 
NEAH POWER SYSTEMS, INC. 
35,000,000 shares of Common Stock 
(as reported in S-1 listed below) 

(Called TA and they referred us to Steve Wilson, and left voice mail.) 
Transfer Agent 
Corporate Stock Transfer, Inc. 
3200 Cherry Creek Drive South 
Suite 430 
Denver, CO, 80209 
303-282-4800 

10Q reported Jul 27, 2011 period ending Jul 27, 2011 
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8058916 
S-1 As filed with the Securities and Exchange Commission on August 19, 2011 
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8110156 

Shareholders of Record: 350 a/o Jan 13, 2010 
SIC - Industry Classification: 3690 - Miscellaneous Electrical Machinery, Equipment & Supplies 
Incorporated In: NV, USA 
Year of Inc.: 2001 REPORTED IN 10Q & 1999 on website 

Security Notes 
Capital Change=shs decreased by 1 for 100 split. Effective date=3-15-06 
Capital Change=shs increased by 2 for 1 split Ex-date=03/28/2006. 
Capital Change=shs decreased by 1 for 200 split Pay date=07/28/2009. 
Capital Change=shs increased by 6 for 1 split. Ex-date=08/25/2009. Rec date=08/14/2009. Pay date=08/24/2009 

Company Notes 
Note=4-15-06 company is in the development stage 
Formerly=Growth Mergers Inc. until 3-06 

Investors Presentation: http://www.slideshare.net/npwzpr/neah-power-investor-presentation 

Source: otcmarket.com, www.bloomberg.com, www.finance.yahoo.com 

 
NPWZ Markets 
NEAH Power Systems, Inc. - 2010 Update 

http://www.youtube.com/watch?v=4NBazg3m6G4&feature=player_embedded 

 
 
Military 
It is difficult to fathom a more demanding power user than the military. Modern, effective soldiers have come to rely on increasingly sophisticated computational and communications gear. In fact, it’s been said that there are two limiting factors determining the length of mission: water and batteries. The amount of water and batteries a soldier can physically carry often defines the duration of a mission and the likelihood of success. 

These military devices require a dependable, lightweight, compact power source to extend operational runtimes. On top of this, the electronic equipment and power sources need to be able to perform reliably under harsh operating conditions in the field. 

Neah Power’s patented silicon-based fuel cell is expected to address these fundamental issues and provide a superior power source for all sorts of military applications. The Neah Power fuel cell is expected to provide two to three times the energy capacity versus the standard BA-5590 battery, while remaining in the same compact form. 

Instant “Recharge” for Continuous Computing 
Importantly, soldiers can benefit from the ability to continuously run their electronic equipment without the need to wait for recharging. Fuel cells can produce power as long as a fuel source is provided. When one fuel cartridge is exhausted, a soldier could simply pop it out and insert another one to continue the power supply. Instead of carrying multiple batteries, soldiers would only need to carry only one fuel cell and several lightweight fuel cartridges for continuous power capability (see below. 

 

The BA-5590 is the U.S. Military’s most widely used portable power source, supporting hundreds of communication and computational applications in the field. Though proven, these batteries are big and bulky, and weigh soldiers down. Instead of carrying multiple batteries for extended missions, dramatic weight and volume reductions are possible by carrying one fuel cell and multiple cartridges (see below). Greater reductions are possible with longer missions. 

Fully Sealed System 
Neah Power’s design can be configured as an open air system (for greater runtime capacity) or as a fully-sealed system (for predictable operation under a wide variety of field conditions). Both configurations capture the reaction by-products inside the fuel cartridge. The open-air system requires exposure to air for its oxygen source, while the fully-sealed system contains a liquid oxidant right along with methanol fuel in the cartridge. 

 
 
Mobile Life 
Business travelers and mobile professionals have benefited greatly from the portability and freedom enabled by ever-improving notebook PCs. Productivity has soared during the first phase of mobile computing, enabling users to complete self-contained computing tasks, such as spreadsheets, document creation, and batch email. These tasks were primarily conducted in a disconnected or intermittently-connected state. 

The current phase of mobile computing might be described as the “connected” state. Connection to private networks and the public Internet has become more pervasive in recent years, thanks to “Wi-Fi” hot spots that seamlessly link to robust WAN networks. In addition to self-contained computing tasks, business travelers and mobile professionals are increasingly conducting network-centric computing, such as ERP order entry and status, inventory checks, pricing checks, as well as real-time email and connection to the Web and Web services like Google. 

Corridor Warriors 
Importantly, persistent computing capability will not be limited to travel or time out of the office, but within the office as well. More and more companies are outfitting their corporate campuses and work environments with secure Wi-Fi networks enabling knowledge workers to carry their PCs with them throughout the workday. Users will no longer be tethered to their desks, freeing them to access information and communicate whenever and wherever they are located. 

Persistent Computing Requires Extended Power 
Wireless networking technologies like Wi-Fi have triggered a significant demand for power. We believe that users demand a convenient and longer-lasting power source to keep up with their work pace. Today’s dominant technology for laptop PCs—lithium-ion batteries—has not been able provide the energy for all-day computing capability. Equally important, many experts believe that lithium-ion technology is mature and is not expected to provide significant performance improvements in the years to come. This challenge is widely recognized, with companies like Intel spearheading an Extended Life Working Group to address the issues. 

 
 
First Responders 
First responders need reliable and long-lasting communications, sensors, and other portable electronics devices. Police, fire, and other first responder personnel often have to operate in environments where power is unavailable for long period of time. Their reliance on communications and related devices is absolute and often a matter of life or death.

These devices require a dependable, lightweight, compact power source to extend operational runtimes. In addition, the electronic equipment and power sources need to be able to perform reliably under harsh operating conditions in the field. 

Neah Power’s patented silicon-based fuel cell is expected to address these fundamental issues and provide a superior power source for all sorts of first responder applications.

Instant “Recharge” for Continuous Computing 
Importantly, first responders can benefit from the ability to continuously run their electronic equipment without the need to wait for recharging. Fuel cells can produce power as long as a fuel source is provided. When one fuel cartridge is exhausted, a first responder could simply pop it out and insert another one to continue the power supply. Instead of carrying multiple batteries or finding a way to recharge their batteries, first responders would only need to carry only one fuel cell and several lightweight fuel cartridges for continuous power capability. 

 
 
Logistics 
Information Drives Speed, Value, and Service 
Logistics is an information-intensive industry and function. Technology is used to increase inventory turns and deliver goods where and when they are needed. Logistics workers—including warehouse personnel, drivers, rental car employees, even ski lift operators—have been able to increase productivity and speed service with mobile tracking devices connected to information networks. 

Power That Lasts the Entire Shift 
All too often, however, the batteries in these mobile tracking devices run out before a shift is completed. Elaborate “recharging stations” are often set up to ensure that a fresh supply of batteries is readily available. Besides the inconvenience, these solutions consume time, space, and capital. 

Users are demanding power solutions that can work as hard as they do — up to 12-hour shifts in many cases. This is not possible with current rechargeable battery technology, such as lithium-ion or nickel-metal hydride. Further, users are always looking for smaller and lighter form-factors for their mobile products to ease ergonomic demands. 

Silicon-Based Design Enables Long Life and Small Sizes 
Neah Power’s patented design is expected to enable higher efficiencies and power densities, which translates into extended runtimes and smaller, lighter packages compared to a traditional PEM-based fuel cells. 

Instant “Recharge” for Continuous Operation 
Importantly, logistics workers can benefit from the ability to continuously run their mobile electronic equipment without the need to wait for recharging. Fuel cells can produce power as long as a fuel source is provided. When one fuel cartridge is exhausted, a worker could simply pop it out and insert another one to continue the power supply. Finally Neah Power’s fuel cell captures the water vapor reaction by-product inside the fuel cartridge itself. No worries about condensation and the potential adverse effects on sophisticated electronic gear. These cartridges are expected to be disposable or recyclable for convenience. 

NPWZ Awards 
2010 Best of What's NewTM 
 

Office of Naval Research: Award: July 2007 & September 2008 
 

Leroy Ohlsen: Top 100 Young Innovators: September 2004 
 

Seattle Alliance of Angels: Startup of the Year: May 2004 
 

Venture All-Stars: Top 25 Company: June 2005 
 

Red Herring Top: 100 Innovators: December 2004 
 

NIST/ATP: $2M Award: September 2003