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Neah Power to Offer Customers Licenses to Manufacture Fuel Cells
Today : Wednesday 19 October 2011
Neah Power Systems Inc. (OTCBB: NPWZ) announces that it has added a strategic component to its business model by offering licenses to potential customers to manufacture Neah's patented, award winning PowerChip™ technology. Traditionally, Neah Power has focused on an outsourced manufacturing business model. The shift to emphasize a licensing strategy is intended to further leverage existing third-party manufacturing capacity in the semiconductor industry.
Dr. Chris D'Couto, CEO Neah Power Systems, said, "The ability to use existing, low cost, third-party factories to manufacture our PowerChip™ technology is a key differentiator between our fuel cells and incumbent Proton Exchange Membrane (PEM) products. Our licensing strategy is a powerful competitive tool particularly for customers who have access to their own computer chip manufacturing capacity. Because our products can be manufactured with existing equipment used in the semiconductor industry, licensing allows potential customers to leverage current manufacturing facilities without significant capital outlays for new equipment. We believe this manufacturing capacity, along with the longer fuel cell life, higher power density (power per unit area) and anaerobic (non-air) functionality of our PowerChip™ technology provides us with competitive advantages over PEM-based fuel cells."
About Neah Power
Neah Power Systems, Inc. is developing long-lasting, efficient and safe power solutions for the military, transportation, and for portable electronics applications. We use a unique, patented, award winning, silicon-based design for our PowerChip™ micro fuel cells that enable higher power densities, lower cost and compact form-factors, and that can run in aerobic and anaerobic modes.
Neah Power is headquartered in Bothell, Washington, and its common stock trades on the OTC Bulletin Board under the symbol "NPWZ." Further company information can be found at www.neahpower.com.
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