An independent group valued the company’s fuel cell IP in the range of $800 million to $1.6 billion, but we scaled this back using conservative assumptions to a range of $46.9 million to $117.7 million. That same research group estimates that stationary fuel cell markets will grow from $1.2 billion in 2013 to $14.3 billion in 2020.
Having established the vast target markets that are available to Neah Power, the harsh reality is that Neah Power is a small company, undercapitalized and must nurture its resources wisely. To that end, the company is focusing on several commercial opportunities that offer the promise of establishing a firm foundation from which further growth can occur. The scalability of the company’s technology is virtually self evident from the target markets identified earlier in this report. The Military Markets - A Small But Very Important Sub-Group Market analysis firm Frost & Sullivan projects steady growth in the military battery market, with earned revenues reaching $2.6 billion in 2017. The military battery market had earned revenues of roughly $2 billion in 2012. This area is of particular interest to Neah Power
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