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It has not been all that long ago...Nov 0f 2013....
http://neahpower.com/2013/11/neah-power-systems-completes-asset-acquisition-of-complementary-fuel-cell-business/
Bill, I think its whomever Tekion was working with since it was taken-over by Neah, and I think they are very close...
President & CEO
Tekion, Inc.
March 2003 – July 2013 (10 years 5 months)
Tekion was a developer of both micro-fuel cells operating on formic acid as well as in direct reforming of formic acid to hydrogen as a fuel for PEM fuel cells. Tekion worked extensively with companies such as Energizer and Motorola in the development of portable power solutions for electronic devices.
Because the were close in the article below..
http://www.kachan.com/application/formic-acid-fuel-cell-company-eyeing-400-million-revenue-partner
Tekion, a recently restructured BC company, has developed and patented an economic and practical solution for this portable energy problem. Starting with a commodity chemical, formic acid, the company modifies and markets its product as Formira™.
The company has developed, demonstrated and is partnering with one of the worlds largest retail battery manufactures and distributors. The initial target market of this partnership is a small portable charger with the capacity to charge all portable electronic devices anywhere, anytime. Product launch is scheduled for 2nd half of 2012 followed by a series of applications which currently use “D” sized alkaline batteries.
NCS
Fuel cell maker Tekion, recently restructured, is now partnering with a dominant battery manufacturer and world wide distributor and a new player in the backup power market. Its partners bring application OEMs, integration capability, large volume applications and distribution to deliver Tekion’s environmentally benign fuel to the world. With an addressable market over $1.3 billion in portable power alone, and a battery partner relationship it believes is worth $400 million in revenue, Tekion is seeking $9mm in working capital, with $4mm already committed by a lead investor.
Executive summary of company's business:
Today’s world is dependent on portable electronic devices. Electronic suppliers have been forced to develop more efficient components, and battery suppliers to constantly increase energy density. The limits of battery technology have become strained. Proton Exchange Membrane (PEM) fuel cells have long been considered an alternative. PEM fuel cells work best when pure hydrogen is used as the fuel. The commercialization barrier is how to carry the fuel.
Tekion, a recently restructured BC company, has developed and patented an economic and practical solution for this portable energy problem. Starting with a commodity chemical, formic acid, the company modifies and markets its product as Formira™.
The company has developed, demonstrated and is partnering with one of the worlds largest retail battery manufactures and distributors. The initial target market of this partnership is a small portable charger with the capacity to charge all portable electronic devices anywhere, anytime. Product launch is scheduled for 2nd half of 2012 followed by a series of applications which currently use “D” sized alkaline batteries.
According to an analysis by Tekion's battery partner, this fuel carries substantially more energy than any alkaline battery and they intend to price the cartridge accordingly. Under the terms of the definitive agreement the company intends to manufacture and sell the conversion component (reformer), license the cartridge design and supply the Formira fuel to their partner.
According to the company, this relationship will generate $400 million in revenue with a 50% anticipated gross margin. Using the same components the company has formed a relationship with a supplier of fuel cell systems for backup power systems in the telecommunications market. The range of product sizes would be from 500Watts to 3kWatts. The company would supply the reforming component and the partner will integrate into their product replacing T size hydrogen cylinders.
http://neahpower.com/2013/11/neah-power-systems-completes-asset-acquisition-of-complementary-fuel-cell-business/
Neah Power Systems completes Asset Acquisition of complementary fuel cell business
Posted on November 25, 2013 by awilliams
BOTHELL, Wash., November 25, 2013 — Neah Power Systems, Inc., (OTCBB:NPWZ) http://www.neahpower.com, a provider of power solutions using proprietary, award winning technology for the military, transportation, and portable electronics markets using the PowerChip® and the BuzzBar technologies, announced today that the Company has completed an asset acquisition of a complementary fuel cell technology.
The assets acquired from Clean Tech Investors, LLC include various physical and intellectual property assets which enable passive, low cost fuel cells complementary to Neah’s Buzz Bar product, and certain reforming technology that enable hydrogen production on demand, opening up the automobile fuel cell market as well.
“This is an exciting time.” said Dr. Chris D’Couto, CEO of Neah Power Systems. “The integration of this technology, intellectual property, and physical assets into the Company’s suite of product offerings only strengthens our value proposition in the alternative energy space.”
Oldie but goodie...
Neah Power Systems Releases Improved Formira Hydrogen-on-Demand Product
Product targeted for stand-alone off-the-grid applications, BASF is preferred supplier
Oct 20, 2015, 07:45 ET from Neah Power Systems, Inc.
BOTHELL, Washington, October 20, 2015 /PRNewswire/ --
Neah Power Systems, Inc. (OTCBB: NPWZ) (OTC: NPWZ) (NEAH POWER) an emerging leader in fuel cell-based power solutions and rechargeable lithium battery storage solutions for defense, commercial, and consumer applications, proudly announced the launch of the improved Formira HOD® platform, releasing a video that can be viewed online (YouTube Link:
NICE !!! Artilium PLC on London stock exchange is part of the group
It is at approx 7:44
Actually yes on a couple fronts, they finally have a product, and its not a fuel cell its a battery with 5 times the power (see sticky).
And they are ready to make a lot more in the near future, see the consultant report in prior posting, it a multi billion dollar market on the rise.
If you have not been paying attention to the buzz bar the concept was to have solar panel recharge the batteries, and the then on cloudy days ( or as needed) run the fuel cell. That really at the heart of the Elon Musk Plan for Tesla and Solar City.
But you know that you have been on this board since Daisy and Boys invested...been moderator, and post like your job depended on it...
LOL.
Oh and by way the debit has long been written off as a debit to be paid its now a asset as a CASH LOST CARRY FORWARD so yes it will save the company and its what no no doubt making NPWZ at take over target.
But you know that to....
NEW will come out and everyone needs to say how come it was so late in coming out and who benefited by its late release.
They might only have 10 batteries after 10 years...but the got a $10,000 deposit from some one.. and the complete order is for 100 or 10 times as many and this is all on the 10q...LOL
https://www.sec.gov/Archives/edgar/data/1162816/000151316216000866/form10q.htm
The Company entered into an agreement with a prospective customer to provide 100 batteries. A $10,000 deposit was received, with the balance of an additional $10,000 to be paid if seven prototype batteries pass tests and certification. Then the order would be completed for 100 units.
We currently are doing our battery development at a third party facility in Beaverton, OR, and the Company is primarily focused on the battery development at this time. We are using a variety of consultants for business development, who are located worldwide, and who are compensated based on commercial success.
They made 10 batteries and the the DOE test....wheres the news... Or who is sitting on the news and why.... This news should be out. Along with the results from the DOE Testing....
Would certainly appear someone is working the numbers...
Historical Short Volume Data
http://otcshortreport.com/?index=NPWZ&action=view
historical Short Volume Data for NPWZ
Date Close High Low Volume Short Volume % of Vol Shorted
Aug 09 0.0004 0.0005 0.0002 13,582,258 9,995,749 73.59%
Aug 08 0.0003 0.0004 0.0002 9,905,100 8,178,010 82.56%
Aug 05 0.0003 0.0004 0.0002 19,379,903 11,276,576 58.19%
Aug 04 0.0003 0.0004 0.00029 48,304,600 18,593,567 38.49%
Aug 03 0.0003 0.0004 0.0002 45,278,950 20,385,000 45.02%
Aug 02 0.0002 0.0003 0.0002 6,222,488 3,137,113 50.42%
Aug 01 0.0004 0.0004 0.00025 43,439,903 21,121,500 48.62%
Jul 29 0.0004 0.0004 0.0002 15,380,005 10,286,000 66.88%
Jul 28 0.0003 0.0003 0.00025 18,703,651 6,664,904 35.63%
Jul 27 0.0004 0.0004 0.00029 32,006,414 1,794,012 5.61%
Jul 26 0.0004 0.0004 0.0003 30,469,852 11,893,334 39.03%
Jul 25 0.0003 0.0004 0.0002 24,098,350 10,188,733 42.28%
Jul 22 0.0002 0.0003 0.0002 6,650,206 629,706 9.47%
Jul 21 0.0003 0.0003 0.0002 11,212,340 4,952,005 44.17%
Jul 20 0.0003 0.0003 0.00025 26,559,112 16,979,100 63.93%
Jul 19 0.0003 0.0004 0.0003 15,325,497 6,585,998 42.97%
Jul 18 0.0003 0.0004 0.0003 11,667,550 3,326,500 28.51%
Jul 15 0.00035 0.0004 0.0003 5,887,500 2,637,501 44.80%
Jul 14 0.0004 0.0004 0.0003 1,830,248 1,040,166 56.83%
Jul 13 0.0003 0.0004 0.0003 5,496,084 3,600,000 65.50%
Jul 12 0.0003 0.0004 0.00028 116,700,128 24,442,951 20.95%
Jul 11 0.0004 0.0004 0.00035 14,514,795 4,989,000 34.37%
Seems like news should come out soon...
https://www.sec.gov/Archives/edgar/data/1162816/000151316216000866/form10q.htm
The Company entered into an agreement with a prospective customer to provide 100 batteries. A $10,000 deposit was received, with the balance of an additional $10,000 to be paid if seven prototype batteries pass tests and certification. Then the order would be completed for 100 units.
We currently are doing our battery development at a third party facility in Beaverton, OR, and the Company is primarily focused on the battery development at this time. We are using a variety of consultants for business development, who are located worldwide, and who are compensated based on commercial success.
They made 10 batteries and the the DOE test....wheres the new....
Good to see more shareholder that will help later...
. Holders of Series B have no redemption rights and each share of Series B is entitled to interest at a simple interest rate of 6% per annum. Series B is convertible, at the discretion of our management, into shares of our common stock, except that the holders of the Series B may elect to convert the Series B into common stock upon or after the resignation or termination of our Chief Executive Officer. The number of shares of common stock issuable upon conversion is calculated by (i) multiplying the number of Series B being converted by the per share purchase price received by the Company for such Series B , and then, multiplying such number by 130% and then dividing this calculated value by the average closing bid price, as defined, or by (ii) first, allocating the Series B proportionately according to the amounts by date of individual cash tranches received by the Company then, second, multiplying the number of Series B being converted, identified by tranche, by the per share purchase price received by the Company for such Series B, and then, multiplying such number or numbers by 130% and, finally, dividing the calculated value(s) by the average closing bid price, as defined. We have the right to redeem the Series B in cash at the face amount plus any accrued, but unpaid dividends.
Here's a thought... Holders of Series B stock....have a huge interest in the closing value of the stock...
The have the Dr in their pocket...
When they are done playing with the value of the stock then the news will come out...
Its really only them, and the Doc left. Everyone else ins in a different company different location.... No one sold any shares..that they did not buy back...
Notice there have not been any form 4 filed everyone in the know has kept their shares...
Some fiduciary duties to common shareholders has been bent to suit the groups that are left... failure to report new and forms...
but new will come out now that the stock has no when there's no room left for them do drive the price down and when they have completely loaded up on share to sell when new comes out...
IMO stick around the fun is about to begin again..News will be out soon.... and IMO a lot of it... And you will have to wonder where was that news before now...
The website is a joke and the accountant now controls the flow of information going out... how convenient wonder who's payroll he is on.
Dennis or Daisy's
Have not heard much of any thing since the report...seems to gone into silent Falcon mode.... preferred share conversion rate will be interesting to see.
http://consiliumglobalresearch.com/consilium_PDFs/NPWZ_Initiation_9-10-2014.pdf
$165,000 in license to the Department of Defense, and sales from the new battery company...what do you want from a penny stock.....the point is its and investment in the future... plus a fairly large tax loss carry forward.. if some firm wanted to acquire them...more than double the current market cap...if you read the report its fairly clear the time frame to triple is two years...if you put a value on the IP is much higher with a some fairly nice number to negotiate with a take over or merging firm. Show me a better penny stock...this is moving up...
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.
Proprietary IP
One of the drawbacks of the fuel cell industry to date is that the technology has been relatively
unchanged for decades. Neah Power has developed unique designs and processes that substantially
enhance fuel cell capabilities. One such design is the use of silicon wafer technology in combination with
methanol as a fuel that generates more power and durability than batteries and other fuel cells of similar
size. A second area of advantage is the recent development and application of formic acid in a unique
catalyst environment which produces hydrogen as a by-product. This new process, for which the
company has two patents pending, not only can be used to produce electricity, but can be used as an onsite
hydrogen power source for other variant applications. This new technology should percolate the
interest of most manufacturers of powering units, including the auto manufacturers.
Importantly, Neah’s intellectual property has been developed in-house or realized through acquisition.
Other major fuel cell companies such as Plug Power (PLUG – Nasdaq: $5.47) and Ballard (BLDP –
Nasdaq: $3.56) rely greatly on licensed technology, thereby limiting some of their commercial flexibility.
Three Avenues for Commercialization
The shift from research entity to commercial status might be happening faster than most people might
realize.
The Company has three immediate areas of commercial focus. The company has entered into a
commercial arrangement with the Defense Research and Development Organization (DRDO) of India.
Shipments have already been made and the scale of this initial contract could reach $14 million. India is
looking at the PowerChip™ as a means of providing power to individual soldiers.
A second product area, aimed primarily for the retail markets, uses the company’s formic acid technology
as a variation on the PEM (Proton Exchange Membrane) process for its suite of battery recharging
products serving the portable electronic markets (BuzzBar™ Suite). The nature of the company’s design
and technology capabilities, however, gives it great flexibility in developing all manner of device
applications depending on the need and scope of the customer.
The Company has entered into memorandums of understanding (MOUs) to deploy the formic acid
technology into drones and other off-grid power solutions. The modular design would provide a lot of
flexibility to adapt the technology to these various applications which serve a variety of markets.
The second quarter is over but maybe there's things in the works...
They were DOE semifinalist...
They would need have something...to be semifinalist...we know the DRDO deal worked.
Way over due for an update I would think..
http://neahpower.com/author/awilliams/
Business update:
NEAH was invited to participate in the White House briefing on Feb 17. We have had various commercialization and capitalization discussions occur based on the networking at that event. As a direct result of attending the White House conference on Climate Change, we have been invited to attend three USTDA Reverse Trade Missions Focused on Energy Storage. The delegates are senior officials from South Africa, Jordon, Brazil, Colombia, India, the Philippines, Turkey and Vietnam.
I recently visited the United Arab Emirates (UAE) to explore certain licensing relationships to implement manufacturing and other partnership agreements. There is tremendous interest with the entities I met with to develop UAE into a renewable energy focused hub. We continue to explore and to finalize a mutually beneficial business relationship here.
We are in discussions with the Economic Development Authority of State in the USA regarding relocating to that State to enable their focus on renewable energy and battery storage. We expect this to get finalized in Q2 2016.
We continue to make progress on the previously announced MOU with a South Africa entity. We are in almost daily discussions with them, and are targeting an agreement with them by end of Q2 2016. This will provide a key production pathway for meeting our customer needs.
We have been negotiating a licensing agreement with an entity in India for the BuzzBar Suite and the Formira HOD products. India has been identified as one of the fastest growing markets for off-grid power, and this relationship can enable NEAH products to serve this region.
We have been negotiating a Formira HOD licensing with a group in Taiwan for the Greater China Region. Similar to India, the demand for off-grid power is significant, and continuing to grow in this region. This licensee partner is expected to visit us in the near future which will enable us to complete the anticipated transaction.
Our discussions with the DRDO are ongoing, and we expect to schedule a visit in Q2 2016.
We plan to submit for two separate grants for certain DOE funding with a National Laboratory in the US during the next 30 days.
Finally, the PowerChip® Battery continues to get tremendous interest from consumers and commercial entities. We are negotiating preliminary orders for this product, and due to the outsourced manufacturing model, we believe we can manufacture this very capital efficiently
While our capitalization situation is very challenging, the management is diligently working to complete various capitalization and commercialization activities that will help unlock the potential of the Company. We are pursuing licensing agreements initially since that would enable licensee partners to create manufacturing infrastructure to meet their needs but also the needs of NEAH.
Thank you for your continued support, and best regards,
Chris D’Couto
President & CEO
Who knows might be a real deal seems to be a real partnership...
Most will be powered by renewable energy and include next-generation energy storage. After all this time this could be neah?
http://www.artilium-africa.com/news/item/artilium-to-expand-in-africa-in-partnership-with-tritente-global-energy-gro
Monday, 02 May 2016
Artilium to Expand in Africa in Partnership with Tritente Global Energy Group
Artilium plc, the AIM quoted provider of innovative telecommunication software and solutions, announces that it is partnering with Tritente Global Energy Group to launch Artilium-Africa in order to meet the demand for data and telecom services in the fastest growing continent in the world.
The partnership is intended to bring Artilium’s 3G-4G mobile data service, cloud and innovative telecom services to the African market. Artilium Africa has started to acquire a value added services license in Ethiopia and is already in discussions with a number of potential customers for the provision of specific services in that country.
Artilium’s disruptive micro-data center is an ideal solution to distribute telecom services throughout Africa where 1.3 billion people reside. Artilium already serves 50 telco brands such as T-Mobile and 10 million users in 20 countries with its services, but as yet none based in Africa.
Bart Weijermars, Chief Executive Officer of Artilium said:
“Tritente is the perfect platform for Artilium to expand into Africa, which is in the early stages of the data and telecom revolution. Tritente is leading $6 billion of projects in renewable energy and power transmission in Sub Saharan Africa. They can open avenues in dozens of the 52 Sub Saharan countries”.
Paul Delkaso, CEO of Tritente and Managing Partner of Artilium-Africa said:
“Our plan is to bring the Artilium-Africa solution to every African country mobile operator, MVNO business, educational institution, Government entities and every cell phone holder”. Mr. Delkaso who is based in the Washington DC area is in Africa to establish operations in the first of six countries.
In contrast to the traditional large-scale mega data centers, which consume massive electricity, Artilium-Africa expects to have 10-20 times more energy-efficient, micro-data centers spread throughout each country. Most will be powered by renewable energy and include next-generation energy storage.
Pretty big spike after this report...
The Doc said he was traveling...and he has been to Washington..
http://www.kinston.com/article/ZZ/20160614/news/306149907
(NewsUSA) - Sponsored News - In a world that values 24/7 connectivity, consumers are quickly learning that technology and the demands we place on it do not necessarily align. Think about it: technology requires power, but energy sources that are currently available can't possibly meet our needs. But what if they could? 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. While information about other products is currently on the www.neahpower.com website, due to various pending patent developments, the company is providing information on its battery within the constraints of a non-disclosure agreement, and interested parties are requested to contact the company at: info@neahpower.com.
Might be some shorts out there....
http://otcshortreport.com/?index=NPWZ&action=view
Historical Short Volume Data for NPWZ
Date Close High Low Volume Short Volume % of Vol Shorted
Aug 02 0.0002 0.0003 0.0002 6,222,488 3,137,113 50.42%
Aug 01 0.0004 0.0004 0.00025 43,439,903 21,121,500 48.62%
Jul 29 0.0004 0.0004 0.0002 15,380,005 10,286,000 66.88%
Jul 28 0.0003 0.0003 0.00025 18,703,651 6,664,904 35.63%
Jul 27 0.0004 0.0004 0.00029 32,006,414 1,794,012 5.61%
Jul 26 0.0004 0.0004 0.0003 30,469,852 11,893,334 39.03%
Jul 25 0.0003 0.0004 0.0002 24,098,350 10,188,733 42.28%
Jul 22 0.0002 0.0003 0.0002 6,650,206 629,706 9.47%
Jul 21 0.0003 0.0003 0.0002 11,212,340 4,952,005 44.17%
Jul 20 0.0003 0.0003 0.00025 26,559,112 16,979,100 63.93%
Jul 19 0.0003 0.0004 0.0003 15,325,497 6,585,998 42.97%
Jul 18 0.0003 0.0004 0.0003 11,667,550 3,326,500 28.51%
Jul 15 0.00035 0.0004 0.0003 5,887,500 2,637,501 44.80%
Jul 14 0.0004 0.0004 0.0003 1,830,248 1,040,166 56.83%
Jul 13 0.0003 0.0004 0.0003 5,496,084 3,600,000 65.50%
Jul 12 0.0003 0.0004 0.00028 116,700,128 24,442,951 20.95%
Jul 11 0.0004 0.0004 0.00035 14,514,795 4,989,000 34.37%
Jul 08 0.0004 0.0004 0.0003 22,008,514 17,457,382 79.32%
Jul 07 0.0003 0.0004 0.0003 9,352,000 275,000 2.94%
Jul 06 0.0003 0.0004 0.0003 9,584,175 2,121,450 22.13%
Jul 05 0.0004 0.0004 0.00035 12,797,580 7,773,200 60.74%
Jul 04 0.0004 0.0004 0.0004 0 0 0%
Right at stock with 1.7 billion shares and 5000 share trade and you say no games are being played LOL This could only be to the benifit of the someone converting shares
Here's a thought... Holders of Series B stock....have a huge interest in the closing value of the stock...
The have the Dr in their pocket...
When they are done playing with the value of the stock then the news will come out...
Its really only them, and the Doc left. Everyone else ins in a different company different location.... No one sold any shares..that they did not buy back...
Notice there have not been any form 4 filed everyone in the know has kept their shares...
Some fiduciary duties to common shareholders has been bent to suit the groups that are left... failure to report new and forms...
but new will come out now that the stock has no when there's no room left for them do drive the price down and when they have completely loaded up on share to sell when new comes out...
IMO stick around the fun is about to begin again..News will be out soon.... and IMO a lot of it... And you will have to wonder where was that news before now...
The website is a joke and the accountant now controls the flow of information going out... how convenient wonder who's payroll he is on.
. Holders of Series B have no redemption rights and each share of Series B is entitled to interest at a simple interest rate of 6% per annum. Series B is convertible, at the discretion of our management, into shares of our common stock, except that the holders of the Series B may elect to convert the Series B into common stock upon or after the resignation or termination of our Chief Executive Officer. The number of shares of common stock issuable upon conversion is calculated by (i) multiplying the number of Series B being converted by the per share purchase price received by the Company for such Series B , and then, multiplying such number by 130% and then dividing this calculated value by the average closing bid price, as defined, or by (ii) first, allocating the Series B proportionately according to the amounts by date of individual cash tranches received by the Company then, second, multiplying the number of Series B being converted, identified by tranche, by the per share purchase price received by the Company for such Series B, and then, multiplying such number or numbers by 130% and, finally, dividing the calculated value(s) by the average closing bid price, as defined. We have the right to redeem the Series B in cash at the face amount plus any accrued, but unpaid dividends.
CORAL SPRINGS, Florida, July 20, 2015 /PRNewswire/ --
Research is showing the global market for hydrogen fuel cells is expected to continue grow at an impressive pace according to Grand View Research, due to an increasing shift toward renewable energies. Portable applications dominated the market for the energy sources while being driven by military applications and other markets requiring energy on-the-go. High Tech companies in the fuel cell and portable energy sector are Neah Power Systems, Inc. (OTCBB: NPWZ), Ballard Power Systems (NASDAQ: BLDP), FuelCell Energy, Inc. (NASDAQ: FCEL), Energizer Holdings (NYSE: ENR) and Plug Power Inc. (NASDAQ: PLUG)
Neah Power Systems, Inc. (OTC: NPWZ) News - June 2015 Update to Shareholders - Continued Commercialization and Product Progress - To Our Shareholders: As a supplement to our latest quarterly filing, and follow on to the previous letter to shareholders, I want to provide you with a brief report on the status of our Company operations as well as relate the progress achieved by our management in advancing efforts to commercialize, license and sell NEAH Power's industry leading technologies and products. Some of our other communication forums were not as effective, in our opinion, so we will communicate directly to you through monthly shareholder letters, as well as responding to valid queries directed to the Company (info@neahpower.com)
Read the entire NPWZ Press Release at http://financialnewsmedia.com/profiles/npwz.html
The Company provided updates as to:
- the Clear Path Teaming Agreement
- the Shorai Acquisition
- PowerChip® Fuel Cell Product Acceptance
- Formira HODTM (Hydrogen on Demand)
- BuzzBar Suite Gen 2 & Gen 3
Neah Power announced the successful completion of testing of three PowerChip® units with the Defense Research and Development Organization (DRDO) of the Government of India. These units were manufactured and shipped against a traditional open purchase order, and subsequently paid for. "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." Chris D'Couto, President & CEO
Shareholder newsletter is out . The doc is proud and excited. New silicon battery in the works. More news more deals to come could have been announced awhile go to help share price. On Cuisp of Greatness. Needs to make prior investment conference presentation public. Hopefully so more new from todays conference. Need more Doc show the product in a real dog and pony show for shareholder just like you would for new investors.
Overall sounds like Neah is final going make some more news and finally make money soon
They do follow a pattern that does not seem to square with current shareholder interest and their fudicary duties . Presentation at all investment conference should have been posted as public
Looks like third time is charm ;) Shameful non the less
There alot of truth in your statements and there are many links to Mantra and Tekion. They have the license for the technology up to a certain size fuel and Neah has it for fuel cell under a certain size They have both been keeping shareholders in relative darkness and now have presentations on the same day.
True a CFO given the below report should easily raise million in six months
So what is going on...why another updated report...
Another report by consilumn was recently done the last one had the market value over a billion wonder why they paid for another report in 10q
Honestly CFO should be replaced if deal fails funds should have there first time, then second tme coming up on third
You said you have 4 million shares Bard has 184 million sounds like your happy its going down. Your doings? You the guy they got baby sitting the stock.
My guess is your on the same team as the CFO that arranged the tming of all of this. Nice work getting the 10 q out on time this time thats a first. CFO move up in CEO is gone?
Because 5 million traded in 2 hours and theres a billion shares you said you had 4 million LOl
Shameful shaking IMO something CEO could stop but they have lined. The pockets of CFO and CEO so my guess is no news for a while
Exactly the planned effect hoped for today SEC should see who yelled fire
Correct and when they are done and there are no shares in public hands they will be a private company or be taken over. This deal gets announce that and your job gets harder. Board members have track record as well
I would agree but there a apsense of form 4 for company officers the doc and other just keep stocking away stock
Right that why you have been on this board posting like a hawke LOL now when things appear to be lining up it time to sell Lol
The CEO is engineer this is in the hands of the board and CFO. CEO Has to wait til CEO gets all the duck lined up. CFO got his shares. The investors that placed him their have their shares. The doc got even more share. So now in about 20 days we will start to see fuel cell news come out of the Northwest and BC IMO
I would say that the perceived intended reading of the timing of the agreement and much effort seems to spread to make it appear nothing has transpired however the agreement has quite a few extension options and rights to cure provisions so dont be surprised if no news comes out. IMO Insiders have been to this rodeo before
There is quite a bit new just not news ducks are now in a row cash seems to have been raised all insiders converted shares. Maybe now we are ready for some news. Shameful really the effort in keeping and making "things" private IMO news will again be as late as allowed.
10 q filed.
Glad to see you now see it as well
Correct per 8k. But if Neah did not have something of value why take Neah stock. Unless you stand to profit
My guess Neah owes them money for work done to date
Neah Power is currently evaluating proposals
Hard to say what this is about I still say the deal was "done" when Shorai agreed to merger and agreeing to take 2/3 of the deal back in NPWZ stock..
it just not done.. ;) done yet... again shame on those in charge...for not begin more straight forward..
Effective April 17, 2015 Neah Power Systems Inc. (“Neah Power”), entered into a second amendment of the definitive agreement to acquire 100% of the outstanding shares of Shorai, Inc. (“Shorai”), a lithium ion battery company, by way of mergers with Neah Power subsidiaries. The amendment allows for an extension of the agreement and amends the date by which the company would make a $1,000,000 cash payment and close the merger transaction to May 14, 2015. Neah Power is currently evaluating proposals to obtain the investment funds necessary to consummate this transaction.