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$165,000 in license to the Department of Defense,
Valuation Based on Potential Revenues
If one looks at the above table, the median value multiple for enterprise value to revenues is 4.5. A 3x
multiple in general is not unusual for a risk oriented situation such as Neah Power where scalability
potential is extremely high. With projected revenues for Neah Power of $14.5 million in two years’ time, a
3x multiple would produce a market valuation of $50.7 million
http://consiliumglobalresearch.com/consilium_PDFs/NPWZ_Initiation_9-10-2014.pdf
Tax Loss Carryforwards
Neah Power has over $50 million in tax loss carry-forwards. Given the complicated rules governing tax
loss-carry-forwards and the circumstances by which those accumulated losses can be applied, we would
nonetheless suggest that there is meaningful value in the company’s NOLs should a merger or
acquisition with another company take place. Certainly, if the company’s commercial initiatives gain
traction, these NOLs will be valuable in protecting the company’s cash generation for some time.
Intellectual Property – 2013 Acquisition of Tekion Assets
Over the years the company has amassed a substantial stable of 14 patents, and various pending
patents and patent applications.
In late 2011, an independent, professional IP evaluation company, Dolcera Corp., assessed Neah
Power’s patent portfolio and determined a valuation range of approximately $800 million to $1.6 billion.
This valuation was based on the projected growth rates in various markets, the ability of the company to
garner market share, and the types of royalty arrangements that can be reasonably expected. All this is
contingent upon the uniqueness of the company’s proprietary technology. The company’s patents are
slated to expire in the years 2020 - 2030.
The acquisition of Tekion’s assets in November, 2013 brought to Neah Power several of the above
mentioned patents and the capability to build upon its silicon and formic acid technologies. It is upon
these new and innovative technologies that the promise of long-term growth has been based. It stands to
reason that the value of the assets from the Tekion acquisition reinforces the overall valuation of the
company.
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.
Company Description
The Company specializes in using proprietary fuel cell technology
for the military, transportation, and portable electronics applications.
It develops fuel cells, including PowerChip™ and BuzzBar™
products. Prospective applications include notebook PCs military
radios, unmanned aerial vehicles as well as other computer,
entertainment, and communications products. Neah Power is
headquartered in Bothell, Washington
http://neahpower.com/wp-content/uploads/2015/06/consilium-global-research_9-10-2014.pdf
That was before the battery.....
Board Affiliations some of these are strategic board members...There must be a reason these folk willing to be on the board of some type...and still have not updated that they are not...
so its like the consultant/ employees...another push to the limits
no form 4 filings...
http://www.bloomberg.com/research/stocks/private/relationship.asp?personId=11616537
William M. Shenkin
Chief Executive Officer and President
1111
Age Total Annual Compensation
55 --
Joseph R. Bronson
Cowen and Company, LLC
Board Affiliations
Neah Power Systems, Inc.
Wilbert G. M. van den Hoek
Farsight Capital, LLC
Board Affiliations
Neah Power Systems, Inc.
William A. Nitze
Climate Clean Inc.
Board Affiliations
Neah Power Systems, Inc.
John P. de Neufville
Eutectix, LLC
Board Affiliations
Neah Power Systems, Inc.
Carol Mutter
Neah Power Systems, Inc.
Board Affiliations
Neah Power Systems, Inc.
Jon M. Garfield
Clearant, Inc.
Board Affiliations
Neah Power Systems, Inc.
Reza Abhari
Neah Power Systems, Inc.
Board Affiliations
Neah Power Systems, Inc.
Gerard C. D'Couto
Neah Power Systems, Inc.
Board Affiliations
Neah Power Systems, Inc.
Paul Sidlo
Neah Power Systems, Inc.
Board Affiliations
Neah Power Systems, Inc.
James Mutter
Neah Power Systems, Inc.
Board Affiliations
Neah Power Systems, Inc.
Robert A. Kruse
Neah Power Systems, Inc.
Board Affiliations
Neah Power Systems, Inc.
William M. Shenkin
Name Relationships
William A. Nitze 100 Relationships
Joseph R. Bronson 78 Relationships
Wilbert G. M. van den Hoek 48 Relationships
Jon M. Garfield 19 Relationships
Carol Mutter 12 Relationships
Sponsored Financial Commentaries
Sponsored Links
LOL That's just another form the they have not filled out IMO
This seems much more current. Sag gone...Sidlo in..
I hope the SEC gets after this guys that say they have all this expertise in Compliance... May be this is being pushed to the limits...
http://www.reuters.com/finance/stocks/companyOfficers?symbol=NPWZ.PK
SUMMARY
Name Age Since Current Position
Gerard D'Couto
48 2008 President, Chief Executive Officer, Director
Jeffrey May
59 2016 Chief Financial Officer
William Shenkin
54 2013 Director
Paul Sidlo
61 2017 Director
Jon Garfield
51 2008 Independent Director» Insider Trading
BIOGRAPHIES
Name Description
Gerard D'Couto
Dr. Gerard C. D'Couto is President, Chief Executive Officer, Director of Neah Power Systems, Inc. Dr. Gerard C. D’Couto has served as a member of our Board since January 28, 2008 and as our Chief Executive Officer and President since February 2008. Dr. D’Couto previously served as our Chief Operating Officer and Executive Vice President from September 2007 until February 2008. Prior to joining us, Dr. D’Couto served as senior director of marketing at Form Factor Inc. from January 2006 until September 2007, where he headed the launch of NAND flash and DRAM sort probe cards. Prior to that, Dr. D’Couto had a nine-year tenure at Novellus Systems, Inc., with positions of increasing responsibility ranging from product management to technology development and sales. Prior to that, Dr. D’Couto worked at Varian Associates and as a consultant to Intel Corporation. Dr. D’Couto received a bachelor’s degree in chemical engineering from the Coimbatore Institute of Technology in India and also received a master’s and a doctoral degree in chemical engineering from Clarkson University in New York. Dr. D’Couto also earned an MBA from the Haas School of Business at the University of California, Berkeley. Dr. D’Couto was chosen to serve on our Board because of his management and operational skills from his business school education and past management positions as well as his technical knowledge related to our fuel cell technology.
Jeffrey May
Mr. Jeffrey A. May is Chief Financial Officer of the Company. He has served as the Company's in-house accountant since May, 2014. Prior to joining the Company, Mr. May operated his own private accounting and financial services company, serving individuals and businesses on the west Coast for over 25 years.
William Shenkin
Mr. William M. Shenkin is Director of the Neah Power Systems, Inc. William M. Shenkin has served on our Board since November 2013. Mr. Shenkin is currently the CEO and President of CeFO, Inc. Mr. Shenkin specializes in working with businesses and individuals in providing family office services for high net worth individuals, chief financial officer services including strategic business review and planning, monthly financial and accounting review, equity and debt financing, buy/sell negotiations, and tax services. Mr. Shenkin’s professional history encompasses 30 years of CPA, tax, audit and advisory services beginning with Ernst & Young, then Shenkin Kurtz Baker & Co. and presently CeFO, Inc. He is a member of the American Institute of Public Accountants as serves as a Board Member and Board Advisor for numerous companies and non-profits. Mr. Shenkin holds a M.A. in Accounting from Florida Atlantic University. Mr. Shenkin was chosen to serve on our Board because of his extensive background with growing technology businesses and at the recommendation by recent financing activities.
Paul Sidlo
Mr. Paul Sidlo serves as Director of Neah Power Systems, Inc. Mr. Sidlo a former member of the Company’s Board of Directors (2008-2009), is currently the CEO and President of REZN8 Production which he founded in 1987. REZN8 Productions was an early pioneer company in the 3D computer animation user interface. REZN8 Productions engages with clients that included Microsoft, XBOX, Netflix, Microsoft Surface, Microsoft Home of the Future, Citibank, Intel, five Olympics, 14 Super Bowls, the Academy Awards, and CBS, NBC, ABC, and Fox Networks, for which Mr. Sidlo received nine Emmy awards. Since 2001, he has served as a Strategic Consultant and Board member of EMN8 (now Tillster), an enterprise that provides order and pay solutions for the retail businesses such as Yum International, Pizza Hut, KFC, Burger King, Taco Bell, Baskin Robins and the top 40 quick-service restaurants around the world. Between 2014 and 2016, Mr. Sidlo served as Executive Vice President, Partner and Chief Marketing Officer for Litricity, a company that developed and patented a way to reduce the capital cost of its solar energy system while at the same time increasing the electricity output. In addition, he served as a Marketing Consultant to Amici Enterprises from 2015 to 2016, a company that provides industrial, commercial and government organizations with a proven cool, clean, conditioned power technology that reduces total power consumption by 20% to 40%. Mr. Sidlo graduated from Ohio State University with a BA in Communications.
Jon Garfield
Mr. Jon M. Garfield is Independent Director of Neah Power Systems, Inc. Mr. Jon M. Garfield has served on our Board since May 2008. Mr. Garfield is currently the CFO of Monte Nido LLC a behavioral healthcare treatment facility. Mr. Garfield served as Chief Executive Officer of technology company Clearant, Inc. (OTCBB: CLRA) from January 2007 until October 2010 and as Chief Financial Officer at Clearant, Inc. from September 2006 until January 2007. Mr. Garfield has served as a member of Clearant, Inc.’s board of directors from May 2007 until August 2010. From September 2001 through 2006, Mr. Garfield served as an independent financial consultant, including advising as to SEC reporting obligations and Sarbanes-Oxley compliance. From 1998 until 2001, he served as Chief Financial Officer of a telecom service provider and a software developer. From 1996 to 1998, he served as Vice President of Acquisitions for the formerly NYSE-listed ground transportation consolidator Coach USA, Inc. From 1991 to 1996, Mr. Garfield served as Corporate Assistant Controller of Maxxim Medical, Inc., a formerly New York Stock Exchange listed manufacturer and distributor. During 1986 to 1991, Mr. Garfield practiced public accounting with Arthur Andersen and PricewaterhouseCoopers. Mr. Garfield received a Bachelor of Business Administration in Accounting from University of Texas, Austin. Mr. Garfield was chosen to serve on our Board because of his past experience in chief executive officer and chief financial officer roles at public companies and because of his financial literacy.
Operational efficiencies:
http://www.prnewswire.com/news-releases/neah-power-systems-issues-letter-to-shareholders----april-20-2016-300254363.html
CFO appointment of Jeffrey A. May, CPA. We would like to thank David Schmidt for his services as the Acting CFO. We are pleased to announce the appointment of Mr. May, CPA as Acting CFO for the Company. Mr. May has been instrumental in the accounting services for our financial reports for the last approximately 1.5 years, and in this function will continue to do so. This change streamlines our reporting, and reduces the operational cost at the Company.
Saving money by paying Jeffery May $12,000 per month and he has yet to file timely... you can see how timely the Paul Sildo annoucement was the recent 8k came out and Paul Sidlo Neah Power has his employment listed as 10 monthes . Operational efficiency - saving time by not filing...
Jeffery ...??? where are the reports....
Neah Power
Dates EmployedJun 2016 – Present Employment Duration 10 mos LocationUS
Next Generation Technology to Transform how we Store, Generate and Manage Energy.
Not correct the have a board just not a chairman that we are aware off...
So are you going to self delete....
CoPresident and CMO, This is new...
Company NameNeah Power
Dates EmployedJun 2016 – Present Employment Duration10 mos LocationUS
Next Generation Technology to Transform how we Store, Generate and Manage Energy.
https://www.linkedin.com/in/paulsidlo/
Shows 11 results for Neah Power Systems
Website is not always updated but it seem to have staff as required perhaps as consultants not employees as some seem to want to point out..
Showing 11 results.
Chris D'Couto
Chris D'Couto Chris
President and CEO, Neah Power Systems
Greater Seattle Area
Current: President and CEO at Neah Power Systems
Paul Sidlo
Paul Sidlo 3rd degree connection 3rd
Neah Power
Greater Seattle Area
Summary: Paul Sidlo, NEAH Power... ), Neah Power, Litricity...
Derek Reiman
Derek Reiman
Senior Engineering Operations
Greater Seattle Area
Current: Director of Manufacturing & Engineering Operations at Neah Power Systems
Phil Mancusi
Phil Mancusi 3rd degree connection 3rd
Real Estate Agent at Atlantic Florida Properties
West Palm Beach, Florida Area
Current: Social Media Manager at Neah Power Systems
Mike Martin
Mike Martin
VP Business Development at Neah Power Systems
Washington D.C. Metro Area
LinkedIn Member
Process Development Engineer
Vancouver, Canada Area
Current: Product Development Engineer at Neah Power Systems
LinkedIn Member
Visiting Professor at Oregon Institute of Technology
Portland, Oregon Area
Current: R&D Consultant at Neah Power Systems
LinkedIn Member
Engineering Fellow at Neah Power Systems
Gurgaon, India
Current: Vice President Bussiness Development & Engineering Fellow at Neah Power Systems
LinkedIn Member
Laboratory Assistant at Simon Fraser University
Vancouver, Canada Area
Current: Laboratory Assistant at Neah Power Systems
NEAH is already building samples for field testing for its first customer. Time for a public update.....
Article Date: June 14, 2016
http://www.newsusa.com/articles/article/new-battery-has-5x-more-energy-storage.aspx
Imagine charging your cell phone or tablet weekly instead of daily or multiple times per day. Or driving an electric car for 1,000 miles instead of 260 before needing a recharge.
That's the question that set Washington-based NEAH Power Systems Inc., on the path to finding a solution to power everything from your laptop to your tablet to your car. And the answer, says the company, may be closer than you think.
At the heart of its products is the PowerChip Battery -- a dynamic new energy technology that has applications for consumer, commercial and automotive clients, to solve specific power requirements.
Unlike other new-age battery concepts, the NEAH battery uses only standard battery components that are found in existing batteries used today -- just used differently. NEAH has 15 patents and 11 pending patent applications for, among others, the use of silicon substrates for fuel cells and batteries. In NEAH's PowerChip Battery, the company is building a rechargeable lithium battery in a 3-D architecture, using industry standard materials that provide high density (energy per unit weight or per unit volume), and can address the safety concerns typically seen in lithium -- ion batteries. NEAH is already building samples for field testing for its first customer.
"We use our patented porous silicon 3D architectures to maximize power. This is the first truly new battery design in the past 50 years that is manufactureable by using older-generation computer chip manufacturing equipment. We have seen tremendous improvements with Moore's law in semiconductors, and this battery brings similar economies of scale to the battery landscape as well. We finally have a battery capable of delivering the portable and wearable power required to maximize the 24x7 needs of our interconnected life." says NEAH's CEO, Dr. Chris D'Couto, "Our company goal was to not only make batteries lighter, smaller and more powerful, but to make them more affordable than traditional batteries. People are tired of having to recharge their smart phones during their daily activities."
Because of this cutting-edge technology, NEAH caught the attention of Tritente of Alexandria, Va., a Global Energy and Micro-Data Center company Tritente recently said it plans to deploy greater than $20 million of NEAH's PowerChip batteries in their projects in Africa, Europe and the Caribbean. By using NEAH's high-capacity energy generation and storage products, Tritente is able to bring the Artilium-Africa Micro-Data Center technologies to third-world population centers without a 24/7 grid system.
"We chose NEAH because its next -generation energy storage system is powerful, cost effective and compatible with Tritente's $6 billion plan to deploy renewable energy in Africa and to bring the Artilium-Africa solution to every African country mobile operation, educational institution, government entities, and every cell phone holder," says Paul Delkaso, chief executive officer of Tritente and managing partner of Artilium-Africa.
Currently, Artrillium-Africa expects to have between 10 to 20 data centers throughout each country throughout Africa. Most will be powered by renewable energy and will include NEAH's MicroChip next-generation energy storage system.
The missing link could be Polaris Battery Labs, Morris' new Beaverton-based manufacturing and testing lab that might even the playing field for U.S. battery companies.
BYD and Motorola have a relationship.... wonder if that's were the money for the battery lab came from?
The might be the fifth largest battery maker in China....
BYD is Buffet money...
Motorola Links again
Companies face two immediate hurdles: money and time. Without millions of dollars and several years to create sample batteries and test new products, businesses can flounder, unable to showcase products to investors or customers.
The missing link could be Polaris Battery Labs, Morris' new Beaverton-based manufacturing and testing lab that might even the playing field for U.S. battery companies.
The battery industry is "completely dominated by Asian companies, yet all of the inventions come out of the U.S.," said Morris, 57, who has acted as a consultant for battery startups since 2003.
Morris previously spent 21 years with Motorola. He recently served as vice president of operations at battery company Enevate.
Morris said his for-hire lab is rare in the U.S., and demand is strong. Nearly 40 potential customers, mostly American, have expressed interest in working with Polaris once its lab opens in July, Morris said.
An anonymous investor based in Asia, who Morris said "owns the No. 5 battery-tech company in the world," paid $850,000 of Polaris' startup costs. Polaris also won a $50,000 grant from electric-vehicle industry group Drive Oregon, and the Oregon Nanoscience and Microtechnologies Institute awarded $50,000 to Polaris, Portland State University and Oregon Institute of Technology.
2002: Became the first Li-ion battery supplier to Nokia.
May, 2002: Received QS-9000 certification.
July, 2002: Listed on the Hong Kong Stock Exchange Main Board (Stock Code: 1211.HK) with the highest issue price among the 54 H-share stocks in Hong Kong Stock Exchange.
Sep, 2002: BYD Shanghai Plant set up and Shanghai BYD Co., Ltd. founded.
Sep, 2002: BYD Lithium Battery Co., Ltd. received "Motorola Excellent Supplier Award".
China Inc.: The Relentless Rise of the Next Great Superpower
https://books.google.com/books?isbn=1471105806
Ted C. Fishman - 2012 - ?Business & Economics
Galvin also brought Motorola's best technology to China. ... One of Motorola's most important suppliers is the battery maker BYD Company Ltd., based in ...
Thursday, 03/19/15 08:38:31 AM
Re: HokieHead post# 13368
Post #
13375
of 19906 Go
Neah has the Tekion patents, (Sean Huff is still a consultant or employee of Neah Power and shares Patents with Chris ) wonder who has the Motorola patents?
From 2011 Apple seems to have a patent for the fuel cell and Neah seems to be ahead of their schedule.. so may Neah is on schedule with their fuel cell development... maybe everyone involved think the same way...wonder who owns the motorola patents now...?
This eliminates the need for a bulky and heavy battery within the fuel cell system, which can significantly reduce the size, weight and cost of the fuel cell system,” reads one of the filings. “This fuel cell system includes a fuel cell stack which converts fuel into electrical power. It also includes a controller which controls operation of the fuel cell system.”
http://techland.time.com/2011/12/23/apple-posits-fuel-cell-powered-laptops/
Neah Power -----Org Type: Early-stage Startup (Seed)
It might not be over....seems to be in much better company now than before....
TECHNOLOGY:
High energy density lithium metal battery?
AFFILIATION: Neah Power Systems, Edmonds, Washington, United States
TECHNOLOGY SUMMARY
Track: Energy & Resilience
Area: Soldier Technologies
Tech Readiness: TRL 4
Tech Brief: A lithium metal battery built using computer chip manufacturing technologies. This provides a low cost, high energy density, long lifetime battery. Applicable for dismounted soldier to grid scale. This would reduce the payload (weight) for different missions.
FIGURES OF MERIT
Value Proposition: The high volumetric and gravimetric energy density battery, manufacturable at very low cost, can lead to weight reduction for dismounted soldier backpacks, to larger stationary applications. For integrated applications, the mission endurance can be significantly increased by the use of the PowerChip battery.
SHOWCASE SUMMARY
Org Type: Early-stage Startup (Seed)
Website: http:wwww.neahpower.com
Submit your technology for review by
industry and military leadership. Top
ranked Innovations will be offered an
opportunity to showcase your technology
to defense and corporate developers:
Defense Innovation Unit Experimental (DIUx)
DOD, Office of Small Business
DOD, Rapid Innovation Fund
Northrup Grumman
DOD, Information Analysis Centers
DOD, Office of the Deputy Under Sec. of Defense, Energy, Installations & Environment
ARMY, Office of the Asst. Sec. of the Army, Installations,
Energy & Environment
ARMY, Office of Energy Initiatives,Energy Initiatives Task Force
ARMY Corps of Engineers, NetZero Capital Investment
NAVY, Office of the Asst. Sec. of the Navy, Energy,
Installations & Environment
NAVY, NAVSEA 05T2 – Energy Division
AIR FORCE, Office of the Asst. Sec., Installations,
Environment & Energy
DOD, Chief Information Office (invited)
FEMA, Chief Information Office (invited)
DHS, Chief Information Office (invited)
ARMY, Maneuver Center of Excellence, Ft. Benning
ARMY, JSOU Institutional Integration
US NAVY, ONR Command, Control, Communications, Intelligence, Surveillance & Reconnaissance
ARMY, The Army Cyber Institute at West Point
DOD, DARPA SBIR Program
SOCOM, Office of the Undersecretary for Science & Technology
US PACOM, Joint Innovation & Experimentation Division
US PACOM Science & Technology Office
US NORTHCOM
Department of Homeland Security
National Oceanic & Atmospheric Admin. (NOAA)
ARMY, Army Medical Research & Material Command
NAVY, Undersea Medical Office
NAVY, Naval Health Research Center
ARMY, Army Medical Material Agency
ARMY, Military Infectious Diseases Research Program
CDC (Centers for Disease Control), Biohazard Office
WHO (World Health Organization), Biohazards Office
ARMY, SBIR Program
NAVY, Office of Naval Research, SBIR/STTR Program
ARMY, Strategic Operations Command (USSOCOM), SBIR Program
AIR FORCE, SBIR/STTR Program
DOD, DEFENSE LOGISTICS AGENCY, SBIR Program
DOD, MISSILE DEFENSE AGENCY, SBIR/STTR Program
DOD, CHEMICAL AND BIOLOGICAL DEFENSE, SBIR Program
DOD, DEFENSE THREAT REDUCTION AGENCY, SBIR Program
DEPT. OF HOMELAND SECURITY, SBIR Program
In-Q-Tel
Lockheed Martin
Oracle
National Security Technology Accelerator (NSTXL)
DOW Core R&D
U.S Army Corp of Engineers
U.S. Army, Technical Management Division
U.S. Department of Agriculture
U.S. Air Force Research Lab
U.S. Air Force, Office of Transformational Innovation
Office of Cooperative Threat Reduction, U.S. State Dept.
DOD, Control Systems Cybersecurity
U.S. Naval War College
USSCOM SBIR
IN COLLABORATION WITH:
DoDIACs and NSTXL
US ARMY
US NAVY
US AIR FORCE
DEPT OF DEFENSE
US MARINES
US PACOM
New home Address in Edmond?
http://defenseinnovation.us/partner/showcase/
Neah Power seems to have a different home address.
TECHNOLOGY:
High energy density lithium metal battery?
AFFILIATION: Neah Power Systems, Edmonds, Washington, United States
FUNDING OPPORTUNITY:
Announcing a $100M Rapid Prototype Funding Authority seeking technologies aligned with DOD resilience needs. Through this Challenge Program, NSTXL will prospect and accelerate solutions in alignment with National Defense technology priorities.
© 2017 InvestorsHub.Com, Inc.
It's time for an update on news and testing from Fri Aug 26th, 2016 IMO
off to an early start....
Last D / % Volume Avg Volume (10 day)
0.0012 0.00 0.00% 1,900,000 2.5M
http://www.heraldnet.com/business/grant-to-give-boost-to-battery-developed-by-neah-power/
The relationship will help the company’s technology leapfrog, said Chris D’Couto, Neah Power’s president and CEO.
Neah Power will work with the laboratory near Chicago for a year. The laboratory time and expertise is valued at $300,000.
Neah Power was based in Bothell, but is relocating to Edmonds. The batteries are manfuctured in Beaverton, Oregon. The company is developing a high-density, rechargeable lithium metal battery called Neah PowerChip Battery for defense, commercial and consumer uses.
The unique architecture using lithium metal and porous silicon is making the battery five times more powerful than batteries in production today, D’Couto said.
Theoretical modeling of the battery shows that it should be producing even more energy storage and output than it already does, D’Couto said.
With assistance of the national laboratory, Neah Power hopes to identify the changes that need to be made so the practical application matches up with the theoretical modeling.
There’s long been a search to build a better battery that can store and produce more energy and “live forever and cost nothing,” said Ira Bloom, senior chemist and group leader at Argonne National Laboratory.
He pointed to the carbon zinc batteries at hardware stores, noting how they come in many shapes and sizes. He said changing the battery’s chemistery also changes everything.
“It’s a scientific discipline, but how you make it can be an art form,” Bloom said. “Once you figure out how to produce it, it’s very re-produceable.”
He said he’s unfamiliar with Neah’s PowerChip, but looks forward to working on it.
“It presents an interesting challenge, no question about it,” Bloom said. “I hope everybody learns from this project.”
The PowerChip Battery is already generating interest.
Neah Power has a deal with Santa Rosa, California,-firm Liquid Image to produce 100 batteries for wearable police body cameras. Those batteries are expected to hold enough charge for 13 hours instead of four hours with current standard rechargeable batteries, D’Couto said.
If testing is successful, Liquid Image wants to buy 200,000 PowerChip Batteries.
This type of battery technology could also be used for the increasing number of electric vehicles, D’Couto said. And that could extend the range for electric cars by hundreds of miles.
The design uses the same manufacturing technologies that made television sets, cell phones and laptops more compact and capable, D’Couto said.
So it could be manufactured at existing semiconductor foundries around the world.
Neah Power Systems?
@neahpowerinc
Thanks to all our followers for your enthusiasm surrounding our exciting technology. An update is expected over the course of next week.
co-develop and market product incorporating NEAH POWER’s
http://www.s4worldwide.com/partners
Paul Sault, CEO of S4W complemented, “S4W welcomes the opportunity to co-develop and market product incorporating NEAH POWER’s advanced technologies. Our engineering staff and consultants immediately recognized the transformative nature of NEAH POWER’s Formira HOD™ and PowerChip® solutions, specifically, when incorporated in a highly disruptive product like our Smart Body Cam where continuous power is necessary for delivery of the ever-important personnel and public safety benefits they provide
https://d3ciwvs59ifrt8.cloudfront.net/95884f71-c2f4-41f8-856f-1f5b050ed46d/bd93b6b1-1907-48dd-af26-b0e2dec24eab.pdf
The ACCU.C 4G
body camera has been co-developed in partnership by S4W and VOXX Advanced Solutions
Corporation (VASC), a wholly-owned subsidiary of VOXX International Corporation
(NASDAQ: VOXX), a worldwide leader in many automotive and consumer electronics
Under the agreement, NEAH POWER will deliver commercial units of its patented formic acid reformer fuel cell (Formira HOD™) and engineering units of its PowerChip® fuel cell and PowerChip® Battery. In addition, NEAH POWER will provide S4W with engineering and technical support to ensure successful integration into S4W’s products.
The agreement, which allows NEAH POWER and S4W to cooperatively market each of the other’s products, is expected to expand the number of distribution and sales channels available to the partners, and allow each to fully exploit the capabilities and growing customer bases of the other, with high capital efficiency.
Of particular focus in the agreement, is the cooperation of the parties on the anticipated commercialization and release of NEAH POWER’s ground breaking porous silicon-chip based PowerChip® Battery. In connection with the agreement, NEAH POWER will deliver S4W, as a preferred partner, initial production runs of the PowerChip® Battery for incorporation in S4W’s state-of-the-art body worn cameras currently being marketed to police and security professionals worldwide.
“We are most enthused to partner with S4W and their engineering teams to develop industry leading products with unprecedented durations of operation”, announced Chris D’Couto, President and CEO of Neah Power Systems, Inc. “The partnership with S4W, with its high caliber management and sales organization, will allow us to further advance our system integration strategy, while increasing the number of markets for the products offered by NEAH POWER and its partners. I strongly believe that this cooperation between NEAH POWER and S4W fits perfectly with our mantra to deliver power generation and energy storage solutions that are ‘smaller, lighter and more powerful’.”
Paul Sault, CEO of S4W complemented, “S4W welcomes the opportunity to co-develop and market product incorporating NEAH POWER’s advanced technologies. Our engineering staff and consultants immediately recognized the transformative nature of NEAH POWER’s Formira HOD™ and PowerChip® solutions, specifically, when incorporated in a highly disruptive product like our Smart Body Cam where continuous power is necessary for delivery of the ever-important personnel and public safety benefits they provide. Upon first being introduced to NEAH POWER’s PowerChip® Battery, S4W was eager to become an early adopter. While interviewing countless numbers of public safety personnel about what features they wanted to see standard on a body camera, having the power necessary to make it through an entire shift without battery recharging or replacement, ranked very near the top.”
Chris D’Couto added, “As previously reported, NEAH POWER has incorporated its award-winning and patented PowerChip® fuel cell architecture into the patent pending PowerChip® battery. To date, this new battery design has exhibited unprecedented performance characteristics. As NEAH POWER moves closer to first commercial release of the PowerChip® Battery, NEAH POWER expects to continue to work in close cooperation with companies like S4W in expanding integration opportunities and advancing other pre-launch activities.”
Integrated Neah Power battery for extended, multiple Hour flight times
SENTRYDRONE UAS CAPABILITIES
For Newbies to the site...
https://d3ciwvs59ifrt8.cloudfront.net/6867dc99-e989-4019-ad0d-2b574424f2b1/558abb72-5684-4ccc-ab17-9b4f91fcf794.pdf
? Modular Camera Integration • 1x to 7x zoom up to 30x zoom o Zoom . . . UAS of various energy sources to extend flight times • Integrated Neah Power battery for extended, multiple Hour flight times
Additional information in the Ihub Neah Power Systems Ibox
© 2017 InvestorsHub.Com, Inc.
$150 per kilowatt hour in high volume production (Almost at the goal price wise with 5 times the power density... according to the information on the site below....(the national lab site...)
from the SBV.org site
Neah Power Systems has patented a three-dimensional porous silicon based lithium-metal battery that HAS DEMONSTRATED
1,500 watts per liter of volume and 500 watts per kilogram
which the company targets at $150 per kilowatt hour in high volume production
August 2016 grant.... sub .0011.... for now...
For Sale this spring...
Integrated Neah Power battery for extended, multiple Hour flight times
SENTRYDRONE UAS CAPABILITIES
For Newbies to the site...
https://obamawhitehouse.archives.gov/the-press-office/2016/07/21/fact-sheet-obama-administration-announces-federal-and-private-sector
Announcing that the Pacific Northwest National Laboratory (PNNL) will Lead Research to Achieve the Strategic Battery500 Goal: A multi-partner team, led by PNNL as part of the Battery500 research consortium, will receive an award of up to $10 million per year for five years to drive progress on DOE’s goal of reducing the cost of vehicle battery technologies. Battery costs exceeded $500/kWh when President Obama launched his EV Everywhere Grand Challenge goal of making EVs that are as affordable and convenient for the American family as gasoline-powered vehicles, and low-cost, high performance batteries are a key component of the strategy to attain the President’s goal. The Battery500 Consortium aims to triple the specific energy (to 500 WH/kg) relative to today's battery technology while achieving 1,000 electric vehicles cycles. This will result in a significantly smaller, lighter weight, less expensive battery pack (below $100/kWh) and more affordable EVs. The Battery500 consortium will include four DOE National Laboratories and five universities in an effort aimed at achieving revolutionary advances in battery performance. Consortium partners include the following:
Pacific Northwest National Laboratory (research partner and advisory board)
Brookhaven National Laboratory
Idaho National Laboratory
SLAC National Accelerator Laboratory
Binghamton University (State University of New York)
Stanford University (research partner and advisory board)
University of California, San Diego
University of Texas at Austin
University of Washington
IBM (advisory board)
Tesla Motors, Inc. (advisory board)
https://www.sbv.org/projects/am-round2-neah.html
https://d3ciwvs59ifrt8.cloudfront.net/6867dc99-e989-4019-ad0d-2b574424f2b1/558abb72-5684-4ccc-ab17-9b4f91fcf794.pdf
? Modular Camera Integration • 1x to 7x zoom up to 30x zoom o Zoom features provides safe operation of UAS from distance • 4k video resolution, up to 120 fps capture, high resolution digital stills • Lidar and Infrared for beyond visual spectrum capture o Useful in day or night and dense atmosphere ? Object Avoidance and Motion Detection • Provides accurate navigation within centimeters without use of GPS • Complete 360° Object Avoidance with accurate navigation up to 60 feet without GPS. ? Triple Redundancy GPS and Dual IMU’s • Provides accurate navigation even around Metal and Electromagnetic structures • Precise indoor flights up to 60 feet in height with no GPS. ? Precise Repeatable Missioned Planned Flights • Control of camera and Data Collection by two person crew • Data collection thru multiple devices including PC, Mobile Devices and Radio Control • Full or *Semi-Autonomous flights (*Semi-Autonomous flight meets current FAA Part 107) ? Secured Radio and Flight Sensor Protocols • Prevents hacking of UAS by unauthorized personnel ? Data Collection • Use of 3D Cloud Point Geo-referenced Maps, Textured Modeling, Orthomosaic, Photo-grammetry, NDVI Map, Stereographic Maps, Thermal Modeling, Volumetric Measuring, videography and photography. ? Continuous Flight • UAS management solution for continuous uninterrupted flight missions • UAS of various energy sources to extend flight times • Integrated Neah Power battery for extended, multiple Hour flight times
The Bigger Plan ? Still waiting on our update... Neah Power Systems pitching on-board formic acid reforming for automotive hydrogen fuel cell applications
Formic Acid Reformer
Enabling automotive and grid scale fuel cells
http://neahpower.com/media/page/4/
http://www.greencarcongress.com/2014/06/20140609-neah.html
9 June 2014
Neah Power Systems, Inc. is in preliminary discussions with a fuel cell company to license formic acid reforming technology for certain grid scale applications, and is also identifying appropriate automotive partners for the technology, opening up new Served Available Markets (SAM) that are very significant, according to CEO Chris D’Couto. The company recently published a white paper discussing its patent pending technology.
Formic acid, which is a common preservative and antibacterial agent and is produced naturally in ants and bees, is also is an energy-dense storage medium for hydrogen, with theoretical gravimetric energy density of 1,700 Wh/kg. Already a commodity chemical, formic acid is a raw material for a variety of products, and is available at low cost in bulk quantities from a variety of suppliers. Formic acid is also considered a carbon neutral, renewable energy source, and can also be obtained by aqueous catalytic partial oxidation of wet biomass.
When formic acid is heated it produces carbon dioxide and water, and upon exposure to catalysts, formic acid decomposes to hydrogen and carbon monoxide. Although it must be handled safely, unlike more traditional fuels, such as gasoline, formic acid is not flammable in 85% concentration. The principal danger from formic acid is from skin or eye contact with concentrated liquid or vapors.
Neah presently offers four sizes of reformers for hydrogen fuel cells in 5W, 10W, 50W, and 100W configurations for demonstration purposes. The reformer system is designed to provide a sufficient amount of hydrogen to a fuel cell system that uses hydrogen gas as a fuel. The fuel tank is adjustable to the energy, or run-time required. Other power ranges and form factors can be made available in customized configurations as well, the company said.
Neah’s reformers use twin pumps: one pump supplies the proper amount of formic acid for H2 production as reformate, while the other supplies fuel to the catalytic burner to provide a continuous heat supply to the reformer, through a heat exchanger.
After exiting the heat exchanger, the reformate is mixed with a small amount of air and passed through a preferential oxidation (PrOx) reactor to remove trace carbon monoxide (CO) content to less than 1ppm. The reformate is then passed to a fuel cell stack to produce electric power, with anode off-gases being vented to the atmosphere. The air supply for the catalytic burner is provided by a small blower.
The hydrogen produced can then be used by a variety of fuel cell types – solid oxide fuel cells (SOFC), proton exchange membrane (PEM), etc. for either grid scale power or automotive power.
Neah
Capabilities of Neah’s demonstration reformers. Source: Neah Power. Click to enlarge.
Compare the watts per liter and watts per kilogram as demonstrated.
Its light enough to work in drone unlike the other fuel cells that need a fork lift or a bus..... Think about it.. all its going to take is one demo...
Guess who this is....
Innovative leader who brought energy, focus, and streamlined execution across Engineering, Marketing, and Business Development functions at Neah Power Systems, a fuel cell company to complete prototype units and then deploy initial units into Fortune 150 / Blue Chip companies. Additionally, implemented various processes and internal controls for public reporting and Sarbanes Oxley compliance.
Neah, a publicly traded company, is a manufacturer of disruptive silicon based fuel cells for the portable power market. As a turnaround executive, I streamlined operations, focused the efforts of the Company around building initial units and driving adoption across defense, commercial and consumer companies leading to shipments to various Fortune 150 or larger, blue chip, companies. Experience in capital formation through equity and debt financing. On the financial reporting front, ensured a streamlined cost- effective system, while implementing Sarbanes-Oxley compliance.
https://www.linkedin.com/in/chrisdcouto/
This is from his current description from 2012
www.linkedin.com/in/chrisdcouto/treasury/position:34645851/?entityUrn=urn%3Ali%3Afs_treasuryMedia%3A(ACoAAAADqpAB0LHLK54s0KlbKcMx1ly_mggpNQM%2C50009608)
R&D Consultant
Company NameNeah Power Systems
Dates EmployedMar 2016 – Present Employment Duration1 yr LocationBothel, WA
- Development of cathode for a new Li-ion battery
Stefan (Stevce) Stefanoski
Visiting Professor at Oregon Institute of Technology
Neah Power Systems Oregon Institute of Technology
My interests lie in the Applied Physics and Materials Science, encompassing the following objectives:
- Developing novel methods for the synthesis of materials relevant for energy-related applications, such as thermoelectric, magnetocaloric and photovoltaic materials;
- High-pressure/high-temperature single-crystal growth;
- Measuring and understanding the physical properties of materials, including crystal structure, electronic, thermal, magnetic and optical properties;
- Photovoltaic technologies: design, construction, and installation of solar cells, characterization of reliability and efficiency;
- Development and characterization of Li-ion batteries;
- Investigating innovative approaches and employing research-based methods for effectively and interactively teaching Physics and Materials Science.
Neah's line of energy products. Sure would be nice to get an update...
https://www.linkedin.com/in/sphuff/
Sean Huff
Process Development Engineer
Product Development Engineer
Company NameNeah Power Systems
Dates EmployedJan 2014 – Present Employment Duration3 yrs 2 mos
Hardware development, balance of plant selection, control loop testing and implementation for Neah's line of energy products.
Tekion
Program Manager/ Design Engineer
Company NameTekion
Dates EmployedOct 2009 – Dec 2013 Employment Duration4 yrs 3 mos
See description See more about Program Manager/ Design Engineer, Tekion
Tekion
Research Associate
Company NameTekion
Dates EmployedJul 2006 – Aug 2007 Employment Duration1 yr 2 mos
See description See more about Research Associate, Tekion
EaglePicher Energy Products
Research Assistant
Company NameEaglePicher Energy Products
Dates EmployedApr 2003 – Sep 2003 Employment Duration6 mos
at the recommendation by recent financing activities, wonder if He hired Mr Mays.....? seems he would know the importance of timely filings...
Maybe there are some fiduciary failures at NEAH as pertains to the common shareholders
at the recommendation by recent financing activities.
http://www.reuters.com/finance/stocks/companyOfficers?symbol=NPWZ.PK
Mr. William M. Shenkin is Director of the Neah Power Systems, Inc. William M. Shenkin has served on our Board since November 2013. Mr. Shenkin is currently the CEO and President of CeFO, Inc. Mr. Shenkin specializes in working with businesses and individuals in providing family office services for high net worth individuals, chief financial officer services including strategic business review and planning, monthly financial and accounting review, equity and debt financing, buy/sell negotiations, and tax services. Mr. Shenkin’s professional history encompasses 30 years of CPA, tax, audit and advisory services beginning with Ernst & Young, then Shenkin Kurtz Baker & Co. and presently CeFO, Inc. He is a member of the American Institute of Public Accountants as serves as a Board Member and Board Advisor for numerous companies and non-profits. Mr. Shenkin holds a M.A. in Accounting from Florida Atlantic University. Mr. Shenkin was chosen to serve on our Board because of his extensive background with growing technology businesses and at the recommendation by recent financing activities.
Technavio's report, Global Distributed Energy Generation Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
Key vendors
Ansaldo Energia
Ballard Power Systems
Bloom Energy
Capstone Turbine
First Solar
http://www.openpr.com/news/450715/New-article-contributes-details-about-the-Global-Distributed-Energy-Generation-Market-2016-2020.html
Other prominent vendors
Acal
Acumentrics
Aisin Seiki
Altergy
Ceramic Fuel Cells
Ceres Power
Delphi Automotive
DMFCC (Subsidiary of VIASPACE)
Doosan Fuel Cell
Electrochem
EnergyOR Technologies
Enocell
FuelCell Energy
FUELCELLSETC
GE
H2 Logic
Horizon Fuel Cell Technologies
Hydrogenics
Intelligent Energy
Johnson Matthey Fuel Cells
Kingspan Environmental
Kyocera
LG Fuel Cell Systems
Micro Turbine Tech BV (MTT)
Mitsubishi Heavy Industries
Neah Power Systems
Oorja Protonics
Panasonic
Plug Power
Redox Power Systems
Shanghai EverPower Technologies
Siemens
Symbio FCell
Toshiba
Ultra Electronics
Wilson Solarpower
Wuxi Suntech Power
Yingli Solar
I agree the restating of the twitter statment no big deal
The fact the Facebook and Twitter account has the followers and the reach it does
When news hits it will be widespread
And exciting
There are some facebook postings now sounds exciting
Maybe there are some fiduciary failures at NEAH as pertains to the common shareholders. ----- those failures would have fallen at the foot of the chairman of the board....and those that have keep Mr Mays on board for three years each year filing late...
Should be several updates ....8k on S4W or who is the chairman of the Board.. and a dozen other deals brought up in the past.
https://www.sec.gov/Archives/edgar/data/1162816/000151316215000549/exhibit99_1.htm
EX-99.1 2 exhibit99_1.htm EXHIBIT 99.1
For Sept 16, 2015 release
NEAH Power Systems and S4 Worldwide Execute Teaming Agreement for Business and Product Development
S4 Worldwide to receive initial production of NEAH Power’s porous silicon battery for integration in Body Worn Cameras for Police and Security Professionals
Bothell, WA (Sept 16, 2015) – NEAH Power Systems, Inc. (OTCBB: NPWZ) (“NEAH POWER”) and S4W Worldwide Technologies (“S4W”) have announced a teaming agreement, by which both parties will work together to integrate NEAH POWER’s patented power generation and energy storage technologies with S4W’s industry leading security and defense products.
Under the agreement, NEAH POWER will deliver commercial units of its patented formic acid reformer fuel cell (Formira HOD™) and engineering units of its PowerChip® fuel cell and PowerChip® Battery. In addition, NEAH POWER will provide S4W with engineering and technical support to ensure successful integration into S4W’s products.
The agreement, which allows NEAH POWER and S4W to cooperatively market each of the other’s products, is expected to expand the number of distribution and sales channels available to the partners, and allow each to fully exploit the capabilities and growing customer bases of the other, with high capital efficiency.
Of particular focus in the agreement, is the cooperation of the parties on the anticipated commercialization and release of NEAH POWER’s ground breaking porous silicon-chip based PowerChip® Battery. In connection with the agreement, NEAH POWER will deliver S4W, as a preferred partner, initial production runs of the PowerChip® Battery for incorporation in S4W’s state-of-the-art body worn cameras currently being marketed to police and security professionals worldwide.
“We are most enthused to partner with S4W and their engineering teams to develop industry leading products with unprecedented durations of operation”, announced Chris D’Couto, President and CEO of Neah Power Systems, Inc. “The partnership with S4W, with its high caliber management and sales organization, will allow us to further advance our system integration strategy, while increasing the number of markets for the products offered by NEAH POWER and its partners. I strongly believe that this cooperation between NEAH POWER and S4W fits perfectly with our mantra to deliver power generation and energy storage solutions that are ‘smaller, lighter and more powerful’.”
Paul Sault, CEO of S4W complemented, “S4W welcomes the opportunity to co-develop and market product incorporating NEAH POWER’s advanced technologies. Our engineering staff and consultants immediately recognized the transformative nature of NEAH POWER’s Formira HOD™ and PowerChip® solutions, specifically, when incorporated in a highly disruptive product like our Smart Body Cam where continuous power is necessary for delivery of the ever-important personnel and public safety benefits they provide. Upon first being introduced to NEAH POWER’s PowerChip® Battery, S4W was eager to become an early adopter. While interviewing countless numbers of public safety personnel about what features they wanted to see standard on a body camera, having the power necessary to make it through an entire shift without battery recharging or replacement, ranked very near the top.”
Chris D’Couto added, “As previously reported, NEAH POWER has incorporated its award-winning and patented PowerChip® fuel cell architecture into the patent pending PowerChip® battery. To date, this new battery design has exhibited unprecedented performance characteristics. As NEAH POWER moves closer to first commercial release of the PowerChip® Battery, NEAH POWER expects to continue to work in close cooperation with companies like S4W in expanding integration opportunities and advancing other pre-launch activities.”
MR MAY'S $11,000 per month....would think he would be on time, unless he chooses not to be....
Maybe he is busy with inventory systems and sales orders..
• When needed, set up an inventory system in Sage 50.
• When needed, set up a sales-order process.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=11352388-7468-36667&type=sect&TabIndex=2&companyid=94052&ppu=%252fdefault.aspx%253fcompanyid%253d94052
o serve as the “Chief Financial Officer” of the Company, providing assistance to accounting/finance staff on a part-time basis. I will be a Consultant to the Company and not an Employee of the Company.
Scope of Engagement
The engagement will begin in April 2016 and continue through your fiscal year ending September 30, 2016. Not all items will be completed in this time period as some items are continuous and multi-year in nature. The work will be performed on-site at your Seattle area office and off-site when and if needed.
Engagement Approach
I will approach the engagement as summarized below. The engagement encompasses different work timelines, some work to be done monthly, quarterly, annually and some on an on-going multi-year basis. This engagement letter is not meant to be all-inclusive, and is not limited to the below, listed items. As other agreed-upon work items may be added as the needs come up and are agreed to. The key engagement components are:
• Provide continued assistance on the running and operation of the Sage 50 accounting and FAS software.
• Provide assistance as needed/requested for month-end “closing” of the books. To include, but not limited to; monthly bank reconcilations, accruals, examination of general ledger accounts, variance analysis on differences from actual to estimates/budgets/forcasts and needed month-end journal entries.
• Provide assistance and work on required quarterly filing. Prepare/provide assistance on reports and schedules needed for outside accounting firm and filing with SEC.
• Provide assistance and work on required annual filing. Prepare/provide assistance on reports and schedules needed for outside accounting firm and filing with SEC.
• Provide assistance and work on reports, documents and schedules as requested and needed by the outside auditors.
• Work on set-up of budget and forecasts as needed. Assistance provided to set up of “Use of Proceeds Reports” (showing “burn rate”, cash expense reports). Reports to be set and modified as needed and requested by users of the reports.
• Will take on requested “controller work”.
• Provide assistance and work on resolving “super old” accounts payable problems.
• When needed, set up an inventory system in Sage 50.
• When needed, set up a sales-order process.
• When needed, set up job cost reports for new products.
• Other work to be agreed to.
Client Responsibilities
Neah Power Systems, Inc. Support:
I will require the support of your personnel to achieve timely completion of the engagement objectives. Support includes, but is not limited to, the collection/access of all relevant data and documents needed to do the agreed-upon work. Failure to receive such support in a timely manner could negatively impact our ability to fulfill the scope requirements described above.
Project Management:
I will report to you, as the Chief Executive Officer and to the Board of Directors of the Company, and I will accept instructions from you and the Board, respectively.
Management Functions:
As a condition to my performing the services described above, you agree to:
• Make all management decisions and perform all management functions, including determining account codings and approving all proposed journal entries;
• Evaluate the adequacy and results of the services performed;
• Accept responsibility for the results of the services, including decisions regarding the implementation of any recommendations provided by us; and
• Establish and maintain internal controls as well as monitoring ongoing activities.
You agree that your management and employees are responsible for the accuracy and reliability of information provided to me, the proper recording of transactions in the records, the safekeeping of assets, and the accuracy of the financial statements. I have no responsibility to identify and communicate deficiencies or material weaknesses in your internal controls as part of this engagement, although should I become aware of any deficiencies or weaknesses, I will inform you.
CPA Firm Responsibilities
I will perform my services in accordance with the Statement on Standards for Consulting Services and the Code of Professional Conduct issued by the American Institute of Certified Public Accountants. Such services are not intended to represent an audit, examination, attestation, special report or agreed-upon procedures engagement as those services are defined in AICPA literature applicable to such engagements. Accordingly, these services will not result in the issuance of a written communication to third parties by Jeffrey A. May P. C. regarding financial data or internal controls, or expressing a conclusion or any other form of assurance.
This engagement is limited to the professional services outlined above. Jeffrey A. May P. C., in its sole professional judgment, reserves the right to refuse to take any action that may be construed as making management decisions or performing management functions on your behalf. However, I may provide advice and recommendations to assist management in performing its functions and making decisions.
The above professional services will be performed based on information you provide to me. I will not verify or audit this information. You understand that I do not guarantee the results of any analysis that I may undertake, and agree that any report or analysis I provide represents my professional conclusion based on the data provided to me. I cannot guarantee its accuracy or completeness.
My engagement does not include any procedures designed to detect errors, fraud, or theft. Therefore, my engagement cannot be relied upon to disclose such matters. Although should I become aware of any deficiencies or weaknesses I will inform you.
Fees and Billings
Fees for the services outlined above will be billed monthly at the flat fee of $11,000 per month, plus out-of-pocket expenses. Invoices will be billed monthly and will be due within ten days of invoice date.
The Company will issue 1,200,000 warrants, to vest quarterly over two years in eight equal installments, using a strike price of the average closing price from the five trading days before this agreement.
I will provide this service at your Bothell office one full business day per week on a day that is mutually agreeable to both parties.
If payment is not received by the due date, you will be assessed interest charges of 1.5% per month on the unpaid balance starting the month after invoice was originally due. I reserve the right to suspend or terminate my work for non-payment of fees. If my work is suspended or terminated, you agree that I will not be responsible for your failure to meet governmental and other deadlines, for any penalties or interest that may be assessed against you resulting from the failure to meet such deadlines, and for any other damages (including, but not limited to, consequential, indirect, lost profits, or punitive damages) incurred as a result of the suspension or termination of my services.
Additional Services
You may request that I perform additional services not contemplated by this engagement letter or the Proposal. If this occurs, I will communicate with you regarding the scope and estimated cost of these additional services. Engagements for additional services may necessitate that I amend this letter or issue a separate engagement letter or addendum to this engagement letter to reflect the obligations of both parties. In the absence of any other written communications from me documenting additional services, my services will be limited to and governed by the terms of this engagement letter.
Electronic Data Communication and Storage and Use of Third Party Service Provider
In the interest of facilitating my services to your company, I may send data over the Internet, store electronic data via computer software applications hosted remotely on the Internet, or allow access to data through third-party vendors secured portals or clouds. Electronic data that is confidential to your company may be transmitted or stored using these methods. I may use third-party service providers to store or transmit this data, such as providers of accounting software. In using these data communication and storage methods, my firm employs measures designed to maintain data security. I will use reasonable efforts to keep such communications and data access secure in accordance with my obligations under applicable laws and professional standards. I also require all of my third-party vendors to do the same.
You recognize and accept that I have no control over the unauthorized interception or breach of any communications or data once it has been sent or has been subject to unauthorized access, notwithstanding all reasonable security measures employed by me or my third-party vendors. You consent to my use of these electronic devices and applications and submission of confidential client information to third-party service providers during this engagement.
To enhance my services to you, I will use Dropbox, a collaborative, virtual workspace in a protected, online environment. Dropbox allows for real-time collaboration across geographic boundaries and time zones and allows Jeffrey A. May, P. C. and you to share data, engagement information, knowledge, and deliverables in a protected environment. You agree that Jeffrey A. May P. C. has no responsibility for the activities of Dropbox and agree to indemnify and hold Jeffrey A. May P. C. harmless with respect to any and all claims arising from or related to the operation of Dropbox.
Termination and Other Terms
This agreement can be terminated by either party with 30 days written notice.
You agree that any claim arising out of this engagement letter shall be commenced within one year of the delivery of the work product to you, regardless of any longer period of time for commencing such claim as may be set by law.
I reserve the right to withdraw from this engagement without completing my services for any reason, including, but not limited to, if you fail to comply with the terms of this engagement letter or as I determine professional standards require.
If any portion of this engagement letter is deemed invalid or unenforceable, said finding shall not invalidate the remainder of the terms set forth in this engagement letter.
At the completion of my engagement, the original source documents will be returned to you. Workpapers and other documents created by me are my property. Such original workpapers will remain in my control, and copies are not to be distributed without my prior written consent.
Timing of Engagement
I shall begin work under this new engagement letter as soon as practicable in April 2016, with the “effective date” being April 15, 2016, and request a signed copy of this engagement letter within 10 days of your receipt of this letter. My services will conclude upon the end of September 2016.
Indemnification
Mandatory Indemnification. The Company shall indemnify Jeffrey A. May (the “Indemnitee”) from:
1. Third Party Actions . If the Indemnitee is a person who was or is a party or is threatened to be made a party to any proceeding (other than an action by or in the right of the Company) by reason of the fact that he or she is or was an agent of the Company, or by reason of anything done or not done by him or her in any such capacity, against any and all expenses and liabilities of any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes or penalties, and amounts paid in settlement) actually and reasonably incurred by him or her in connection with the investigation, defense, settlement or appeal of such proceeding if he or she acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful; and
2. Derivative Actions . If the Indemnitee is a person who was or is a party or is threatened to be made a party to any proceeding by or in the right of the Company to procure a judgment in its favor by reason of the fact that he or she is or was an agent of the Company, or by reason of anything done or not done by him or her in any such capacity, against any amounts paid in settlement of any such proceeding and all expenses actually and reasonably incurred by him or her in connection with the investigation, defense, settlement, or appeal of such proceeding if he or she acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company; except that no indemnification under this subsection shall be made in respect of any claim, issue or matter as to which such person shall have been finally adjudged to be liable to the Company after the time for an appeal has expired by a court of competent jurisdiction due to willful misconduct of a culpable nature in the performance of his or her duty to the Company unless and only to the extent that the Court of Chancery or the court in which such proceeding was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such amounts which the Court of Chancery or such other court shall deem proper; and
3. Actions Where Indemnitee is Deceased . If the Indemnitee is a person who was or is a party or is threatened to be made a party to any proceeding by reason of the fact that he or she is or was an agent of the Company, or by reason of anything done or not done by him or her in any such capacity, against any and all expenses and liabilities of any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes or penalties, and amounts paid in settlement) actually and reasonably incurred by him or her in connection with the investigation, defense, settlement or appeal of such proceeding if he or she acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company, and prior to, during the pendency or after completion of such proceeding the Indemnitee is deceased, except that in a proceeding by or in the right of the Company no indemnification shall be due under the provisions of this subsection in respect of any claim, issue or matter as to which such person shall have been finally adjudged to be liable to the Company after the time for an appeal has expired, by a court of competent jurisdiction due to willful misconduct of a culpable nature in the performance of his or her duty to the Company, unless and only to the extent that the Court of Chancery or the court in which such proceeding was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such amounts which the Court of Chancery or such other court shall deem proper; and
4. Exception for Amounts Covered by Insurance . Notwithstanding the foregoing, the Company shall not be obligated to indemnify the Indemnitee for expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fees, ERISA excise taxes or penalties, and amounts paid in settlement) which have been paid directly to Indemnitee under D&O Insurance.
5. Partial Indemnification. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of any expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes or penalties, and amounts paid in settlement) incurred by him or her in the investigation, defense, settlement or appeal of a proceeding but not entitled, however, to indemnification for all of the total amount thereof, the Company shall nevertheless indemnify the Indemnitee for such total amount except as to the portion thereof to which the Indemnitee is not entitled.
6. Mandatory Advancement of Expenses . Subject to Section 10 below, the Company shall advance all expenses incurred by the Indemnitee in connection with the investigation, defense, settlement or appeal of any proceeding to which the Indemnitee is a party or is threatened to be made a party by reason of the fact that the Indemnitee is or was an agent of the Company or by reason of anything done or not done by him or her in any such capacity. Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent that, it shall ultimately be determined that the Indemnitee is not entitled to be indemnified by the Company as authorized hereby. The advances to be made hereunder shall be paid by the Company to the Indemnitee within twenty (20) days following delivery of a written request therefor by the Indemnitee to the Company.
7. Notice and Other Indemnification Procedures.
(a) Promptly after receipt by the Indemnitee of notice of the commencement of or the threat of commencement of any proceeding, the Indemnitee shall, if the Indemnitee believes that indemnification with respect thereto may be sought from the Company under this Agreement, notify the Company of the commencement or threat of commencement thereof.
(b) If, at the time of the receipt of a notice of the commencement of a proceeding pursuant to Section 7(a) hereof, the Company has D&O Insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of such policies.
(c) In the event the Company shall be obligated to advance the expenses for any proceeding against the Indemnitee, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, with counsel approved by the Indemnitee, upon the delivery to the Indemnitee of written notice of its election so to do. After delivery of such notice, approval of such counsel by the Indemnitee and the retention of such counsel by the Company, the Company will not be liable to the Indemnitee under this Agreement for any fees of counsel subsequently incurred by the Indemnitee with respect to the same proceeding, provided that (i) the Indemnitee shall have the right to employ his or her counsel in any such proceeding at the Indemnitee’s expense; and (ii) if (A) the employment of counsel by the Indemnitee has been previously authorized by the Company, (B) the Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and the Indemnitee in the conduct of any such defense or (C) the Company shall not, in fact, have employed counsel to assume the defense of such proceeding, the fees and expenses of the Indemnitee’s counsel shall be at the expense of the Company.
8. Determination of Right to Indemnification.
(a) To the extent the Indemnitee has been successful on the merits or otherwise in defense of any proceeding referred to in Section 4(a), 4(b) or 4(c) of this Agreement or in the defense of any claim, issue or matter described therein, the Company shall indemnify the Indemnitee against expenses actually and reasonably incurred by him or her in connection therewith.
(b) In the event that Section 8(a) is inapplicable, the Company shall also indemnify the Indemnitee unless, and only to the extent that, the Company shall prove by clear and convincing evidence to a forum listed in Section 8(c) below that the Indemnitee has not met the applicable standard of conduct required to entitle the Indemnitee to such indemnification.
(c) The Indemnitee shall be entitled to select the forum in which the validity of the Company’s claim under Section 8(b) hereof that the Indemnitee is not entitled to indemnification will be heard from among the following:
(1) A quorum of the Board consisting of directors who are not parties to the proceeding for which indemnification is being sought;
(2) The stockholders of the Company;
(3) Legal counsel selected by the Indemnitee and reasonably approved by the Board, which counsel shall make such determination in a written opinion;
(4) A panel of three arbitrators, one of whom is selected by the Company, another of whom is selected by the Indemnitee and the last of whom is selected by the first two arbitrators so selected.
(d) As soon as practicable, and in no event later than 30 days after written notice of the Indemnitee’s choice of forum pursuant to Section 8(c) above, the Company shall, at its own expense, submit to the selected forum in such manner as the Indemnitee or the Indemnitee’s counsel may reasonably request, its claim that the Indemnitee is not entitled to indemnification; and the Company shall act in the utmost good faith to assure the Indemnitee a complete opportunity to defend against such claim.
(e) Notwithstanding a determination by any forum listed in Section 8(c) hereof that the Indemnitee is not entitled to indemnification with respect to a specific proceeding, the Indemnitee shall have the right to apply to the Court of Chancery of Delaware, the court in which that proceeding is or was pending or any other court of competent jurisdiction, for the purpose of enforcing the Indemnitee’s right to indemnification pursuant to the Agreement.
(f) The Company shall indemnify the Indemnitee against all expenses incurred by the Indemnitee in connection with any hearing or proceeding under this Section 8 involving the Indemnitee and against all expenses incurred by the Indemnitee in connection with any other proceeding between the Company and the Indemnitee involving the interpretation or enforcement of the rights of the Indemnitee under this Agreement unless a court of competent jurisdiction finds that each of the material claims and/or defenses of the Indemnitee in any such proceeding was frivolous or not made in good faith.
9. Limitation of Actions and Release of Claims. No proceeding shall be brought and no cause of action shall be asserted by or on behalf of the Company or any subsidiary against the Indemnitee, his or her spouse, heirs, estate, executors or administrators after the expiration of one year from the act or omission of the Indemnitee upon which such proceeding is based; however, in a case where the Indemnitee fraudulently conceals the facts underlying such cause of action, no proceeding shall be brought and no cause of action shall be asserted after the expiration of one year from the earlier of (i) the date the Company or any subsidiary of the Company discovers such facts, or (ii) the date the Company or any subsidiary of the Company could have discovered such facts by the exercise of reasonable diligence. Any claim or cause of action of the Company or any subsidiary of the Company, including claims predicated upon the negligent act or omission of the Indemnitee, shall be extinguished and deemed released unless asserted by filing of a legal action within such period. This Section 9 shall not apply to any cause of action which has accrued on the date hereof and of which the Indemnitee is aware on the date hereof, but as to which the Company has no actual knowledge apart from the Indemnitee’s knowledge.
10. Exceptions. Any other provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement:
(a) Claims Initiated by Indemnitee. To indemnify or advance expenses to the Indemnitee with respect to proceedings or claims initiated or brought voluntarily by the Indemnitee and not by way of defense, except with respect to proceedings brought to establish or enforce a right to indemnification under this Agreement or any other statute or law or otherwise as required under Section 145, but such indemnification or advancement of expenses may be provided by the Company in specific cases if the Board of Directors finds it to be appropriate; or
(b) Lack of Good Faith. To indemnify the Indemnitee for any expenses incurred by the Indemnitee with respect to any proceeding instituted by the Indemnitee to enforce or interpret this Agreement, if a court of competent jurisdiction determines that each of the material assertions made by the Indemnitee in such proceeding was not made in good faith or was frivolous; or
(c) Unauthorized Settlements. To indemnify the Indemnitee under this Agreement for any amounts paid in settlement of a proceeding unless the Company consents to such settlement; or
(d) Claims by the Company for Willful Misconduct. To indemnify or advance expenses to the Indemnitee under this Agreement for any expenses incurred by the Indemnitee with respect to any proceeding or claim brought by the Company against the Indemnitee for willful misconduct, unless a court of competent jurisdiction determines that each of such claims was not made in good faith or was frivolous; or
(e) Section 16(b). To indemnify Indemnitee for expenses and the payment of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute; or
(f) Willful Misconduct. To indemnify the Indemnitee on account of the Indemnitee’s conduct which is finally adjudged to have been knowingly fraudulent or deliberately dishonest, or to constitute willful misconduct; or
(g) Unlawful Indemnification. To indemnify the Indemnitee if a final decision by a court having jurisdiction in the matter shall determine that such indemnification is not lawful; or
(h) Forfeiture of Certain Bonuses and Profits. To indemnify Indemnitee for the payment of amounts required to be reimbursed to the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002, as amended, or any similar successor statute.
Entire Agreement
This engagement letter, and the Proposal, encompasses the entire agreement of the parties and supersedes all previous understandings and agreements between the parties, whether oral or written. Any modification to the terms of this engagement letter must be made in writing and signed by both parties.
I appreciate the opportunity to be of service to you. Please sign and date the enclosed copy of this engagement letter and return it, within 10 days of your receipt of it, to acknowledge your agreement with the terms of this engagement.
Very truly yours,
/s/ Jeffrey May
Jeffrey May
President
Jeffrey A. May, P. C.
ACCEPTED:
/s/ Gerard D’Couto
Gerard D'Couto
Chief Executive Officer
Neah Power Systems, Inc
Date: April 15, 2016
@neahpowerinc
Neah Power Systems @neahpowerinc
We'd like to welcome all of our new followers to @neahpowerinc
4h
Odd....
When you look at the 8k it has been revised and edited in two typesets...
Interesting pairing Marketing with Amici, LiTricity and Neah Power.
Litricity, a company that developed and patented a way to reduce the capital cost of its solar energy system while at the same time increasing the electricity output . In addition, he served as a Marketing Consultant to Amici Enterprises from 2015 to 2016, a company that provides industrial, commercial and government organizations with a proven cool, clean, conditioned power technology that reduces total power consumption by 20% to 40%
LiTricity: LiTricity is developing a patented solar energy system based on the concentration of direct
and diffuse light onto photovoltaic solar cells. The U.S. patent has been issued and 6 foreign patents
are pending (Block is one of 2 inventors). LiTricity solar panels will cost less than current solar panels
and will produce more electricity.
http://amicienterprise.com/
http://amicienterprise.com/amici-mpts-promotional-video/
This Current Report on Form 8-K
Interesting pick a Chief Marketing Officer wonder if they have something to finally sell....?
Chief Marketing Officer for Litricity, a company that developed and patented a way to reduce the capital cost of its solar energy system while at the same time increasing the electricity output . In addition, he served as a Marketing Consultant to Amici Enterprises from 2015 to 2016, a company that provides industrial, commercial and government organizations with a proven cool, clean, conditioned power technology that reduces total power consumption by 20% to 40%.
http://ih.advfn.com/p.php?pid=nmona&article=73928975
On February 10. 2017, Jeff Sakaguchi resigned as a member of the Board of Directors of Neah Power Systems, Inc. (the “ Registrant ” ). Mr. Sakaguchi stated that he was resigning as a Director to pursue other opportunities and that his resignation was not the result of any disagreement or dispute with the Registrant.
http://www.streetinsider.com/SEC+Filings/Form+4+TrueBlue,+Inc.+For%3A+Feb+10+Filed+by%3A+SAKAGUCHI+JEFFREY+B/12551316.html
On the same date, the Board of Directors appointed Paul Sidlo to serve as a member of the Registrant ’ s Board of Directors until his replacement is duly elected and qualified. There are no arrangements or understandings between Mr. Sidlo and any other persons pursuant to which Mr. Sidlo was appointed a director of the Registrant and there are no actual or proposed transactions between Mr. Sidlo or any of his related persons and the Registrant that would require disclosure under Item 404(a) of Regulation S-K (17 CFR 229.404(a)).
Paul Sidlo, a former member of the Company ’ s Board of Directors (2008-2009), is currently the CEO and President of REZN8 Production which he founded in 1987. REZN8 Productions was an early pioneer company in the 3D computer animation user interface. REZN8 Productions engages with clients that included Microsoft, XBOX, Netflix, Microsoft Surface, Microsoft Home of the Future, Citibank, Intel, five Olympics, 14 Super Bowls, the Academy Awards, and CBS, NBC, ABC, and Fox Networks, for which Mr. Sidlo received nine Emmy awards. Since 2001, he has served as a Strategic Consultant and Board member of EMN8 (now Tillster), an enterprise that provides order and pay solutions for the retail businesses such as Yum International, Pizza Hut, KFC, Burger King, Taco Bell, Baskin Robins and the top 40 quick-service restaurants around the world. Between 2014 and 2016, Mr. Sidlo served as Executive Vice President, Partner and Chief Marketing Officer for Litricity, a company that developed and patented a way to reduce the capital cost of its solar energy system while at the same time increasing the electricity output . In addition, he served as a Marketing Consultant to Amici Enterprises from 2015 to 2016, a company that provides industrial, commercial and government organizations with a proven cool, clean, conditioned power technology that reduces total power consumption by 20% to 40%. Mr. Sidlo graduated from Ohio State University with a BA in C ommunications.
Mr. Sidlo ’ s extensive experience in finance and marketing programs qualifies him to serve as a member of the Company ’ s Board of Directors.
http://investor.trueblue.com/corporate-governance/board-of-directors/default.aspx
Jeffrey B. Sakaguchi, 54, has served as a Director of the Company since December 2010. Mr. Sakaguchi is the Chairman of the Board of Neah Power Systems, Inc., a publicly-held fuel cell development and manufacturing company. He also serves as a Director of Eccentex, Inc., a privately held early-stage software company, and as a Director of ACT Holdings, Inc., a privately-held debt collection, call center operation, and business process outsourcing company. Mr. Sakaguchi is a former chairman of the Board of Directors for the Los Angeles Region of the American Red Cross, a nonprofit humanitarian organization, for which he currently serves as Chair of the Governance & Nominating Committee. He is also an appointed member of the National Philanthropic Board.
Time for a real update...from Jeffery and the Strategic Advisory Board
....many eyes are watching...
http://markets.on.nytimes.com/research/stocks/fundamentals/drawFiling.asp?docKey=137-000151316215000416-2RPAMI1AT5MBSO28R55L5BD7PR&docFormat=HTM&formType=8-K
We look forward to announcing more exciting news and milestones very soon! As we develop the numerous opportunities at hand, expand our business development efforts going forward, and secure the necessary capital to fully execute our plan, management will continue working hard to accomplish the mission. Our success is only achieved with the tireless work of our employees, the support of our shareholders, the diligent governance of our Board of Directors, and the expert guidance of our Strategic Advisory Board. Thank you for your trust and loyalty.
Best Regards,
Chris D'Couto
President & CEO
Neah Power Systems
Date of Report (Date of Earliest Event Reported): July 20, 2015
Mr. Jon M. Garfield has been the Chief Executive Officer of Clearant Inc. since January 25, 2007. Mr. Garfield has been the Chief Financial Officer and Secretary of Clearant Inc. since August 15, 2005 and served as its Principal Accounting Officer. He has been the Chief Financial Officer at SocialTyze LLC since August 2012. Mr. Garfield has over 20 years' successful experience as a senior public company, private equity and venture capital executive. Mr. Garfield served as an Independent financial consultant, including advising as to SEC reporting obligations and Sarbanes-Oxley compliance from January 2001 to August 2005.
Mr. William M. Shenkin, also known as Bill, founded CeFO, Inc. on January 1, 2000 and has been its Chief Executive Officer and President since January 1, 2000. Mr. Shenkin spent fifteen years in public accounting with Ernst & Young and as a Partner at Shenkin Kurtz Baker & Co. ("SKB") from August 1989 to December 1999 and served as its Director Outsourcing Division. From December 1997 to December 1999, he was a national partner in charge of outsourcing for public company (NASDAQ) which acquired Shenkin Kurtz Baker & Co. Mr. Shenkin directed the accounting and outsourcing department at SKB. Mr. Shenkin's career includes acting as Chief Financial Officer and Chief Executive Officer for numerous companies, providing tax planning and compliance for numerous individuals and companies and providing investment-banking services for companies. Some of Mr. Shenkin's engagements included acting Chief Financial Officer
10-Q last year filed 2016-02-22 so today might be the date to expect to see a report...
10-Q Documents Interactive Data Quarterly report [Sections 13 or 15(d)]
Acc-no: 0001513162-16-000728 (34 Act) Size: 2 MB 2016-02-22 000-49962
161445949
The one from 2015 was filed on the 02-17-2017
10-Q Documents Interactive Data Quarterly report [Sections 13 or 15(d)]
Acc-no: 0001513162-15-000080 (34 Act) Size: 2 MB 2015-02-17 000-49962
15621896
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001162816&type=&dateb=&owner=exclude&start=40&count=40
from the SBV.org site
Neah Power Systems has patented a three-dimensional porous silicon based lithium-metal battery that has demonstrated
1,500 watts per liter of volume and 500 watts per kilogram
which the company targets at $150 per kilowatt hour in high volume production
August 2016 grant.... sub .0011.... for now...
For Sale this spring...
Integrated Neah Power battery for extended, multiple Hour flight times
SENTRYDRONE UAS CAPABILITIES
For Newbies to the site...
https://d3ciwvs59ifrt8.cloudfront.net/6867dc99-e989-4019-ad0d-2b574424f2b1/558abb72-5684-4ccc-ab17-9b4f91fcf794.pdf
? Modular Camera Integration • 1x to 7x zoom up to 30x zoom o Zoom features provides safe operation of UAS from distance • 4k video resolution, up to 120 fps capture, high resolution digital stills • Lidar and Infrared for beyond visual spectrum capture o Useful in day or night and dense atmosphere ? Object Avoidance and Motion Detection • Provides accurate navigation within centimeters without use of GPS • Complete 360° Object Avoidance with accurate navigation up to 60 feet without GPS. ? Triple Redundancy GPS and Dual IMU’s • Provides accurate navigation even around Metal and Electromagnetic structures • Precise indoor flights up to 60 feet in height with no GPS. ? Precise Repeatable Missioned Planned Flights • Control of camera and Data Collection by two person crew • Data collection thru multiple devices including PC, Mobile Devices and Radio Control • Full or *Semi-Autonomous flights (*Semi-Autonomous flight meets current FAA Part 107) ? Secured Radio and Flight Sensor Protocols • Prevents hacking of UAS by unauthorized personnel ? Data Collection • Use of 3D Cloud Point Geo-referenced Maps, Textured Modeling, Orthomosaic, Photo-grammetry, NDVI Map, Stereographic Maps, Thermal Modeling, Volumetric Measuring, videography and photography. ? Continuous Flight • UAS management solution for continuous uninterrupted flight missions • UAS of various energy sources to extend flight times • Integrated Neah Power battery for extended, multiple Hour flight times
Some third party benchmarks...
Neah Power Systems has patented a three-dimensional porous silicon based lithium-metal battery that has demonstrated 1,500 watts per liter of volume and 500 watts per kilogram.This battery uses older generation computer chip manufacturing technology that is widely available throughout the world, enabling a low cost, which the company targets at $150 per kilowatt hour in high volume production. (as copied from the SBV.org site...)
Some third party benchmarks...
https://www.sbv.org/projects/am-round2-neah.html
https://obamawhitehouse.archives.gov/the-press-office/2016/07/21/fact-sheet-obama-administration-announces-federal-and-private-sector
Announcing that the Pacific Northwest National Laboratory (PNNL) will Lead Research to Achieve the Strategic Battery500 Goal: A multi-partner team, led by PNNL as part of the Battery500 research consortium, will receive an award of up to $10 million per year for five years to drive progress on DOE’s goal of reducing the cost of vehicle battery technologies. Battery costs exceeded $500/kWh when President Obama launched his EV Everywhere Grand Challenge goal of making EVs that are as affordable and convenient for the American family as gasoline-powered vehicles, and low-cost, high performance batteries are a key component of the strategy to attain the President’s goal. The Battery500 Consortium aims to triple the specific energy (to 500 WH/kg) relative to today's battery technology while achieving 1,000 electric vehicles cycles. This will result in a significantly smaller, lighter weight, less expensive battery pack (below $100/kWh) and more affordable EVs. The Battery500 consortium will include four DOE National Laboratories and five universities in an effort aimed at achieving revolutionary advances in battery performance. Consortium partners include the following:
Pacific Northwest National Laboratory (research partner and advisory board)
Brookhaven National Laboratory
Idaho National Laboratory
SLAC National Accelerator Laboratory
Binghamton University (State University of New York)
Stanford University (research partner and advisory board)
University of California, San Diego
University of Texas at Austin
University of Washington
IBM (advisory board)
Tesla Motors, Inc. (advisory board)
https://www.sbv.org/projects/am-round2-neah.html
Wondering if we see a report now, soon
Bill_ENG Saturday, 01/28/17 05:02:04 PM
Re: RWFZS post# 21290
Post #
21291
of 21774 Go
Chris D'Couto registered a new domain last summer.
http://domainbigdata.com/nxenergi.us
New name for NEAH Power ? Or something else that may not be good for shareholders ?
The Dr. has been quiet for too long, the existence of the battery is good, will NEAH be able to manufacture it ?
The Bodycam to be available for purchase in Spring 2017, would be good to have batteries to put in it.
JMHO
B
silicon-based battery for longer run time and/or longer battery lifetime.
From a patent application from S4W filed Dec 2015, for a body Camera.
The Patent Description & Claims data below is from USPTO Patent Application 20160182850, Body camera.
"An embodiment of a body camera may further include circuitry for charging an internal battery via inductive charging. Energy from an inductive charging pad may be transferred wirelessly through an inductive coupling to charge the internal battery. A body camera may further include charge monitoring circuitry to monitor the rate of charge and the amount of charge remaining. A body camera may include, for example, a 3.7V battery with 2,000 mAH. A body camera may use a higher voltage battery or a lower voltage battery and may further include one or more expandable battery packs. A body camera may also incorporate the use of a hydrogen, or other technology, fuel-cell for an extended battery life that may exceed 24 hours. A body camera may alternatively or additionally include a silicon-based battery for longer run time and/or longer battery lifetime.
Browse recent S4 Worldwide, Llc patents.
Bill
PowerChip® Battery Update? Kruse lead the operation development for Sakti3 Inc.
So far the performance of the battery has exceeded expectations, such that we have begun to discuss developmental and licensing opportunities with leading battery manufacturers, system integrators, and other companies involved in, or seeking entry into, the very lucrative energy storage sector. We are currently in preliminary discussions with consumer and computing companies, battery manufacturers, and parties who have expressed interest in investing directly into the battery opportunity. Any such direct investment into the battery opportunity could potentially lead to a spin out of this technology.
http://www.prnewswire.com/news-releases/neah-power-systems-issues-letter-to-shareholders---part-ii-559948481.html
As a member of Neah Power Systems' strategic advisory board, Kruse will contribute his knowledge and diverse specialties to assist the Company through continued corporate growth, especially with the PowerChip® battery.
"I am pleased to facilitate the growth of Neah Power Systems with its unique and differentiated technology offerings, which are clearly needed for off-grid, renewable power for a variety of domestic and international markets," commented Kruse. "It's an honor to join the team and I look forward to providing Neah Power Systems with insight and guidance obtained from my current and previous endeavors."
Mr. Kruse is a battery and energy storage subject matter expert. Kruse is currently Chief Technology Officer for Qoros Automotive in Shanghai China. He is responsible for all Product Development and Advanced Technology. Previously, Kruse lead the operation development for Sakti3 Inc. as Chief Operating Officer and Board Member. Sakti3 is commercializing solid-state battery technology simultaneously targeted at electric vehicles and consumer electronics and was ultimately acquired by Dyson.
In 2010 he was appointed to the National Academy of Science Sub Committee on advanced battery technology. The Sub Committee was responsible for assessing results of the stimulus package and developing legislative recommendations to Congress and the Executive Branch for future legislative action.
https://www.marklines.com/en/report_all/catarc018_201601
Qoros Auto creates new energy vehicle division
Qoros Auto’s acting Chief Executive Officer, Anning Chen, announced that Qoros created new divisions—Mobility and New Energy Vehicle (NEV). Both the Mobility and NEV divisions are important to Qoros; however, the automaker is especially focusing on the NEV division. In addition, according to Chief Technology Officer Bob Kruse, the Qoros 5 electric SUV will be the automaker’s first new energy vehicle.
Integrated Neah Power battery for extended, multiple Hour flight times
SENTRYDRONE UAS CAPABILITIES
For Newbies to the site...
https://d3ciwvs59ifrt8.cloudfront.net/6867dc99-e989-4019-ad0d-2b574424f2b1/558abb72-5684-4ccc-ab17-9b4f91fcf794.pdf
? Modular Camera Integration • 1x to 7x zoom up to 30x zoom o Zoom features provides safe operation of UAS from distance • 4k video resolution, up to 120 fps capture, high resolution digital stills • Lidar and Infrared for beyond visual spectrum capture o Useful in day or night and dense atmosphere ? Object Avoidance and Motion Detection • Provides accurate navigation within centimeters without use of GPS • Complete 360° Object Avoidance with accurate navigation up to 60 feet without GPS. ? Triple Redundancy GPS and Dual IMU’s • Provides accurate navigation even around Metal and Electromagnetic structures • Precise indoor flights up to 60 feet in height with no GPS. ? Precise Repeatable Missioned Planned Flights • Control of camera and Data Collection by two person crew • Data collection thru multiple devices including PC, Mobile Devices and Radio Control • Full or *Semi-Autonomous flights (*Semi-Autonomous flight meets current FAA Part 107) ? Secured Radio and Flight Sensor Protocols • Prevents hacking of UAS by unauthorized personnel ? Data Collection • Use of 3D Cloud Point Geo-referenced Maps, Textured Modeling, Orthomosaic, Photo-grammetry, NDVI Map, Stereographic Maps, Thermal Modeling, Volumetric Measuring, videography and photography. ? Continuous Flight • UAS management solution for continuous uninterrupted flight missions • UAS of various energy sources to extend flight times • Integrated Neah Power battery for extended, multiple Hour flight times
Additional information in the Ihub Neah Power Systems Ibox...
PowerChip® Battery Update?
So far the performance of the battery has exceeded expectations, such that we have begun to discuss developmental and licensing opportunities with leading battery manufacturers, system integrators, and other companies involved in, or seeking entry into, the very lucrative energy storage sector. We are currently in preliminary discussions with consumer and computing companies, battery manufacturers, and parties who have expressed interest in investing directly into the battery opportunity. Any such direct investment into the battery opportunity could potentially lead to a spin out of this technology.
http://www.prnewswire.com/news-releases/neah-power-systems-issues-letter-to-shareholders---part-ii-559948481.html
Neah Power Systems has patented a three-dimensional porous silicon based lithium-metal battery that has demonstrated 1,500 watts per liter of volume and 500 watts per kilogram.This battery uses older generation computer chip manufacturing technology that is widely available throughout the world, enabling a low cost, which the company targets at $150 per kilowatt hour in high volume production. (as copied from the SBV.org site...)
Some third party benchmarks...
https://www.sbv.org/projects/am-round2-neah.html
https://obamawhitehouse.archives.gov/the-press-office/2016/07/21/fact-sheet-obama-administration-announces-federal-and-private-sector
Announcing that the Pacific Northwest National Laboratory (PNNL) will Lead Research to Achieve the Strategic Battery500 Goal: A multi-partner team, led by PNNL as part of the Battery500 research consortium, will receive an award of up to $10 million per year for five years to drive progress on DOE’s goal of reducing the cost of vehicle battery technologies. Battery costs exceeded $500/kWh when President Obama launched his EV Everywhere Grand Challenge goal of making EVs that are as affordable and convenient for the American family as gasoline-powered vehicles, and low-cost, high performance batteries are a key component of the strategy to attain the President’s goal. The Battery500 Consortium aims to triple the specific energy (to 500 WH/kg) relative to today's battery technology while achieving 1,000 electric vehicles cycles. This will result in a significantly smaller, lighter weight, less expensive battery pack (below $100/kWh) and more affordable EVs. The Battery500 consortium will include four DOE National Laboratories and five universities in an effort aimed at achieving revolutionary advances in battery performance. Consortium partners include the following:
Pacific Northwest National Laboratory (research partner and advisory board)
Brookhaven National Laboratory
Idaho National Laboratory
SLAC National Accelerator Laboratory
Binghamton University (State University of New York)
Stanford University (research partner and advisory board)
University of California, San Diego
University of Texas at Austin
University of Washington
IBM (advisory board)
Tesla Motors, Inc. (advisory board)
https://www.sbv.org/projects/am-round2-neah.html