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Like a rocket now the small cap green mutal funds can buy over the pènny threshold many have. This before the power hour
You are correct.. ;)
.0095 now with 50,000 on the ask....640.5k shares traded so what happen to the shares...
Lets not forget. Dr. Abhari has served as a consultant to notable companies such as Alstom Power, a global leader in power generation, Daimler (NYSE: DAI), General Electric (NYSE: GE), Honeywell (NYSE: HON), and Toshiba Corp. (TSE: 6502.T). Additionally, he has served as an advisor to several private equity and venture capital firms, providing business, strategic and technical advice in the support of Clean Tech investments.
Dr. Abhari serves as a Member of the Board of Factor3C, a global leader in carbon asset development, and trading of Carbon Emission Reduction credits; Vice-Chairman of the International Gas Turbine Institute; and, Member of NASA Glenn Research Center’s Working Group focusing on aeronautical research. Professor Abhari is a member of the prestigious Swiss Academy of Engineering Sciences, a Fellow of American Society of Mechanical Engineers and the recipient of several scientific awards, as well as a keynote speaker in the US, Europe, and Asia on topics related to climate change and energy supply and conversion. Professor Abhari received his PhD from MIT (1991) in Aeronautics and Astronautics and his MA and BA from Oxford University in Engineering Sciences.
Connected in more way than one to the future formic acid supply line..and DDiamler...in joint ventures with BYD see previous post...
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9621266
Parties wish to pursue activities to design, install, operate and test a pilot based on the Technology and located in an industrial site (the “ Pilot ”), and evaluate the scale-up of such Pilot to commercial scale to determine the feasibility of manufacture and commercialization of products and equipment for the conversion of CO 2 to Formate and Formic Acid for sale to Third Parties, all on the terms and conditions set forth in the Agreement and this Addendum.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9621266
A.1 DEFINITIONS
Alstom Provide pilot engineering, operation and testing services • Conceptual design for a scaled up, commercial size plant: CAPEX,
OPEX and end-product costs evaluation
• Participate in making of pilot validation plan
• Review design, results and analysis
• Provide expertise for analytical, chemistry and engineering
issues during project
• Investigate external funding/grant opportunities
Mantra
Lead execution of Pilot Project
• Design of process and units operation based on the Technology
• Selecting and securing a Host Site, ensuring that flue gas delivery,
necessary utilities and waste are properly management for the safe
operation of the Pilot.
• Identifying a potential Off-taker to engage in the pilot validation
• Engineering, Procurement and Construction of the Pilot at the Host
Site utilizing an Approved Subcontractor
• Leading the elaboration of the pilot instrumentation and validation
plan, in collaboration with the Host Site and Alstom
• Leading the commissioning of the Pilot, in collaboration with the Host
Site and Alstom
• Leading the Pilot operation and testings, in collaboration with Host
Site, Off-taker and Alstom
• Results analysis, in collaboration with Host Site and Alstom
• Investigate external funding/grant opportunities
A.1.1 “ Field ” means the use of the Technology for the conversion of CO2 to formate and formic acid.
Only 25,000 at .92 on the ask now...with 530.5k shares traded...where did your shares on the ask go... built your wall at a different spot..?
Building steam since Sept...IMO
Neah's John P. de Neufville purchased the ChemOvonics Division from ECD in 1986 and founded Voltaix, Inc. a high purity specialty gas business which was sold to Air Liquide America in 2013. Subsequently, he purchased the assets formerly associated with the GM-ECD JV that produced the then novel nickel-metal hydride batteries for GM's first all-electric car, the EV-1, creating a new company, Eutectix, LLC
BOTHELL, WA, Sep 03, 2014
Neah Power Systems, Inc. NPWZ, -1.16% an innovator and supplier of cutting-edge power solutions for the military, transportation and portable electronics industries, announced today the addition of John P. de Neufville to their Strategic Advisory Board. John has held various leadership and research roles at Exxon, Energy Conversion Devices ("ECD") and Ovonic Battery Company
"We are very happy to have such an esteemed, successful entrepreneur and scientist join our Strategic Advisory Board," said Chris D'Couto, CEO Neah Power Systems, Inc. "He brings relevant experience both in semiconductor processing as well as battery energy storage and will be a valuable asset going forward in our commercialization and technology development efforts."
Toyota's current NiMH battery, which is a direct descendant of the original NiMH battery invented by Energy Conversion Devices, Inc., in the 1980s and licensed for manufacturing and use in vehicle propulsion to Toyota in the mid 1990s. It requires at least 12 kg (26 lbs) of the rare-earth metal, lanthanum, per Prius-sized battery. Today's Prius, utilizing such a battery, has a range of 500 miles on a 10.1 gallon tank of fuel at a top speed (capability) of over 90 miles per hour. Prius has very low emissions unmatched for its size, weight, and "cargo capacity (825 lbs)," until the recent introduction of 4-cylinder turbo-diesel-powered small cars by several European manufacturers. Reportedly the next generation Prius, due in 2009, will use a larger NiMH battery to achieve a fuel economy of 71 miles per gallon; it will require a battery made with 20 kg (44 lbs) of lanthanum
No you just said you had 4 million shares...LOL...and you can sell and buy your own shares and still have 4 million shares....it would cost a couple of dollars...no big deal..sounds a little desperate on your part..
Show the the form 4s...
Insiders that have held on this long are not selling now...they might transfer but they are not selling...now...things are just getting interesting getting ready to cross some moving daily averages...
According to Dr. Chris D'Couto, Neah Power's CEO and the featured guest in the interview below, a five kilowatt hour fuel cell running off a tank of liquid formic acid would be configured to trickle charge an electric vehicle's battery, allowing it, like the gasoline engine generator in the BMW i3 REx, to offer extended range capability. Unlike the i3 REx, the only tailpipe emission would be water vapor and CO2.
http://evworld.com/focus.cfm?cid=240
BYD also has a joint venture with Daimler to make EVs – see following section.
BMW’s i3 (see following EV section) is to be offered with a range extender 28 kW 650 cc two-cylinder IC engine as used in a BMW motor cycle. It cuts in when the battery is low and extends the range to about 300 km, costing an extra EUR 4500, AUD 6000 or $3850 in the USA.
The BMW i8 is a parallel hybrid PHEV concept, with a very small battery. It has a 96 kW synchronous electric motor on the front axle giving range of 40 km from a 5.2 kWh (net) lithium-ion battery pack (0.12 kWh/km). A 1500 cc three-cylinder ‘authoritative’ turbo IC motor delivering 170 kW is rear-mounted to drive the rear axle and also charge the battery. It can run in front, rear or all-wheel drive. It came on the market in 2014. Mass is 1500 kg. Recharge to 80% in 2.5 hours from standard AC socket, or less with special BMW i wallbox. The Australian list price is $247,000.
Mitsubishi has announced a PHEV based on its i-MiEV (see EV section below). At low speed this PX-MiEV functions as an EV using lithium-ion batteries, with low battery level it functions as a series hybrid (engine charges battery), and at high speed as a parallel hybrid in the sense that the 85 kW, 1.6 litre petrol motor takes over the front drive, being assisted by up to 60 kW of electric power from two motors (front and rear) for acceleration. The concept is a 4WD, with a sophisticated control system and regenerative braking. Plug-in charging can be 100 or 200 volt domestic or at "high-power quick charging" stations giving 80% in 30 minutes. In EV mode it has 50 km range.
PHEVs are likely to remain competitive even if in future there is an option for the on-board energy carrier to be hydrogen rather than simply a battery and the on-board electric powerplant is then supplied through a fuel cell, so plug-in hybrid-electrics have a long-term application.
Full Electric Vehicles (EVs) aka Battery Electric Vehicles (BEVs)
These are an extension of the PHEV concept, as well as substantially predating it. Plenty of these have been built, but mostly with heavy lead-acid batteries and for uses other than motor cars. Today a number of manufacturers are building EVs with over 35 kWh on board, using lithium-ion (or lithium magnesium oxide) batteries and regenerative braking to help charge them. A range of electric cars now starting to come on the market have energy usage of 13-20 kWh/100 km, with 15 kWh/100 km being typical best,* albeit without considering heating or air conditioning. A safety issue with EVs is their quietness among pedestrians, and some may have an external sound generator operable at speeds of below 20km/h to warn pedestrians.
* Sustainable Energy – without the hot air, 2009, D MacKay, ch20.
The small Indian REVAi car made in Bangalore, popular in the UK as G-Wiz i, has lead acid batteries. It is very small, and registered as a heavy quad cycle. It weighs 665 kg (including 270 kg batteries) and has a 13 kW AC motor driven by 9.6 kWh of battery capacity, with regenerative braking. Recharge of 9.7 kWh is in 8 hours and range 77 km. In 2009 a L-ion version was released, with lithium-ion batteries, reducing the mass by 100 kg and recharge time to 6 hours, while increasing the range to 120 km and nearly doubling the price. This model also has provision for fast charging from three-phase power: 90% in one hour.
General Motors produced the EV1 in the 1990s, first with lead-acid batteries then with NiMH batteries, but the 18 to 26 kWh on board did not give enough range and recharge was slow.
An issue with using hydrogen in fuel cells is overall energy efficiency. If a nuclear reactor generates electricity which is used for electrolysis of water and the hydrogen is compressed and used in fuel cell powered vehicle (assuming 60% efficient fuel cell), the efficiency is much lower than if the electricity is used directly in EVs and PHEVs.* However, if the hydrogen can be made by thermochemical means the efficiency doubles, and they are comparable with EV/PHEV.
* Say: 35% x 75% x 60% x 90% = 14% optimistically (reactor, electrolysis, fuel cell, motor)
to: 50% x 60% x 90% = 27% for future thermochemical hydrogen
cf 35% x 90% = 31% for EV.
CNN Money has got a lead on the cover....
http://money.cnn.com/news/newsfeeds/articles/prnewswire/enUK201501296937.htm
CNN Money has got a lead on the cover....
Next Generation Advancements in Fuel Cell Technology Utilizing Proprietary Hydrogen-on-Demand Technology Aims to Replace Existing Battery Technology in a Variety of Applications
PR Newswire
Company's Formira Hydrogen-on-Demand Cover Feature on 'Automotive Industries' Magazine
CORAL SPRINGS, Florida, January 29, 2015 /PRNewswire/ --
Hydrogen Fuel Cell technology recent advancements lead to new opportunities for Industry Leaders as the current market demand for fuel cell technology grows at a rapid pace. Fuel Cell/Energy Companies in focus to today are: Neah Power Systems, Inc. (OTCQB: NPWZ), Plug Power Inc (NASDAQ: PLUG), Clean Energy Fuels Corp. (NASDAQ: CLNE), Yingli Green Energy Holding Company Limited (NYSE: YGE), FuelCell Energy Inc. (NASDAQ: FCEL), Ballard Power Systems (NASDAQ: BLDP).
Neah Power Systems, Inc. (OTCQB: NPWZ) an emerging leader in fuel cell-based power generation and lithium ion-based storage solutions for the unmanned aerial vehicles (defense and commercial), military, transportation and portable electronics industries, today announced that the Formira Hydrogen on Demand technology was recently featured on the cover of Automotive Industries Vol 193 Issue 3, with an interview featuring Dr. Chris D'Couto, CEO of Neah Power, and Mr. David Schmidt, the Company's CFO. The article highlights the differentiated offering with the Formira HODTM to address safety, handling, infrastructure, and other challenges facing the hydrogen economy.
Founded in 1895, Automotive Industries is one of the world's oldest continually published trade publications. The interview can be found in the December 2014 issue of the magazine and also online at: http://www.ai-online.com/Adv/Previous/show_issue.php?id=6509&search=true#sthash.rvBhpGVQ.dpbs as well as on the Neah Power Systems website.
Read the full NPWZ Press Release at: http://www.financialnewsmedia.com/profiles/awsl.html
Separately, Neah CEO Chris D'Couto was interviewed by best-selling author and entrepreneur Kevin Daum for Inc.com to discuss his leadership style and work ethic at Neah. The interview is available at: http://www.inc.com/kevin-daum/this-ceo-keeps-it-lean-mean-and-highly-focused-here-are-his-secrets.html.
Thirdly, on January 27, 2015, Neah conducted their 6th Q&A session with AGORACOM in which shareholders were invited to submit questions that were addressed in the interview (WATCH INTERVIEW: http://goo.gl/KyNHZF). Neah provided a variety of business and technology updates.
Neah Power can be the enabler to allow electric hybrid vehicles to go mainstream
Nice Cover...wait until everyone gets their copies...
Neah Power can be the enabler to allow electric hybrid vehicles to go mainstream
We are already in preliminary discussions with a fuel cell company to license the technology for certain grid scale applications, and we are identifying appropriate automotive partners for this technology, opening up new Served Available Markets (SAM) that are very significant. -
Fuel cells will definitely play a role in the future of transportation. I am referring to all types of fuel cells – not just Neah Power Systems offerings. A pure play solution – such as purely a battery powered solution or purely a fuel cell solution – presents a number of technological, integration and market adoption challenges. I believe that the winning solution will be a combination of multiple integrated technologies to provide the energy necessary to power a vehicle. The fundamental difference between a fuel cell and a battery is that a fuel cell is an energy generation device whereas a battery is an energy storage device. A battery discharges over a period of time until it needs to be recharged. Rapid recharging of a battery often causes serious complications and as a result recharging a battery is a prolonged process. By contrast a fuel cell generates electricity immediately in the presence of its reactants. Once the formic acid replenished, the Neah Power Systems Forima fuel cell generates electricity instantly. As a result there is no protracted recharging or refueling time issue. - See more at: www.ai-online.com/Adv/Previous/show_issue.php?id=6509&search=true#sthash.rvBhpGVQ.bRAjcHg9.dpuf
None...this is going much higher....how many shareS are you short...traded at .095 at the open...back to a penny stock...
http://otcshortreport.com/index.php?index=NPWZ&action=view#.VNDdOP7F-So
Historical Short Selling Data For NPWZ
Date VolShorted High Low Close ShortVol RegularVol
Feb 02 45.85% 0.01 0.01 0.01 1,092,242 2,382,404
Jan 30 80.83% 0.01 0.01 0.01 983,074 1,216,224
Jan 29 19.27% 0.01 0.01 0.01 674,775 3,500,810
Jan 28 38.27% 0.01 0.01 0.01 1,407,005 3,676,174
Jan 27 35.62% 0.01 0.01 0.01 392,654 1,102,454
Jan 26 31.08% 0.01 0.01 0.01 798,102 2,568,204
Jan 23 0% 0.01 0.01 0.01 0 1,119,700
Jan 22 5.88% 0.01 0.01 0.01 207,501 3,526,819
Jan 21 0% 0.01 0.01 0.01 0 3,276,200
Jan 20 31.63% 0.01 0.01 0.01 1,159,855 3,666,639
Jan 19 0% 0.01 0.01 0.01 0 0
Jan 16 44.97% 0.01 0.01 0.01 1,702,730 3,786,700
.0087 42,600 shares.Shorai LFX Batteries Continues Expansion with New Corporate Headquarters
Neah Power Systems Agrees to Acquire Shorai, the Leading High Performance, Lithium-ion Power Starter Battery Company
Acquisition Enables Customer Focused Product Offerings
Seems to be moving forward ...
SUNNYVALE, Calif., (August 20, 2014) – Shorai Inc., the global leader in the design, development and manufacture of prismatic cell, lithium iron phosphate power sports batteries, today announced news of their continued expansion which will include a new corporate headquarters in Morgan Hill, California located in the southern region of the Silicon Valley. Shorai’s new corporate headquarters will open its doors August 25th 2014. The new offices include an expanded R&D department, along with an expansive shipping and logistics department.
“With Shorai’s rapid development pace, along with our growing market share we felt the need to expand our operations. The core of our business has always been to provide cutting edge technology, at an affordable price to the power sports community. With our new larger R&D department we can continue to develop new, industry-leading products. I am excited about the next generation of Shorai products to be announced soon. Along with our expanded offices we will be adding additional personnel to offer additional sales and tech support to our growing customer base,” said David Radford, chairman and founder of Shorai.
EERE Announces Notice of Intent to Issue Hydrogen and Fuel Cell Technologies Research, Development, and Demonstrations FOA
January 23, 2015 - 10:09am
The Office of Energy Efficiency and Renewable Energy (EERE) posted a Notice of Intent (NOI), on behalf of the Fuel Cell Technologies Office (FCTO), for a Funding Opportunity Announcement (FOA) entitled "Hydrogen and Fuel Cell Technologies Research, Development, and Demonstrations." The FOA will offer up to $35 million, subject to appropriations, to advance fuel cell and hydrogen technologies, and enable early adoption of fuel cell applications. Energy Secretary Ernest Moniz announced the $35 million NOI at the Washington Auto Show on January 22, in addition to unveiling a $55 million FOA under EERE’s Vehicle Technologies Office. The FOA will include two general areas of interest each with several subtopics:
Fuel Cell and Hydrogen Technologies Research and Development (R&D)
Hydrogen Production R&D: Microbial Biomass Conversion
Fuel Cell Technologies R&D: Low Platinum Group Metal Catalysts and Supports Hydrogen Delivery R&D: Integrated Intelligent Hydrogen Dispensers for 700 bar Gaseous Refueling of Fuel Cell Electric Vehicles
Hydrogen and Fuel Cell Manufacturing R&D: Hydrogen Delivery Pipeline Manufacturing
Demonstration and Deployments to Enable Early Adoption of Fuel Cell and Hydrogen Technologies
Hydrogen and Fuel Cell Technology Validation: Mobile Refueling
Market Transformation: Demonstration and Deployment of Plug-In Fuel Cell Hybrid Electric Light-Duty Vehicles
Energy Secretary Moniz Unveils More Than $55 Million to Advance Fuel Efficient Vehicle Technologies
WASHINGTON – Following the State of the Union Address on Tuesday, January 20 in which President Obama highlighted the surge in U.S. manufacturing and the strong growth in the auto industry, Energy Secretary Ernest Moniz today announced more than $55 million to develop and deploy cutting-edge vehicle technologies that strengthen the clean energy economy. These technologies will play a key role in increasing fuel efficiency and reducing petroleum consumption, and support the Energy Department’s EV Everywhere Grand Challenge to make plug-in electric vehicles as affordable to own and operate as today's gasoline-powered vehicles by 2022.
“Energy Department investments in advanced vehicle technologies have had a major impact on the industry, driving down costs for consumers and reducing carbon emissions,” said Energy Secretary Ernest Moniz. “These projects will continue America’s leadership in building safe, reliable, and efficient vehicles to support a strong, 21st century transportation system.”
Wonder if Neah Power NPWZ will be supplied with formira from the final plant..waiting for this all to come together.
The have the Tekion license...now..?
http://www.sesec.org/pdf/8/SESEC8_Laurenczy.pdf
$165,000 in revenue from India for just passing the testing milestones..
plus the revenue from the battery company, once sale is complete...
with the licensing from others to follow, revenue has been a long time in coming I would agree it time to sell something..or post another license.
I wish they would connect a fuel cell to a scooter, drone or car and put out a video...with the new batteries..and run it then fill it up with some formic acid from the Mantra pilot plant, and then reverse the cycle and charge it with the solar panels... and do what they keep writing about in the white papers..now that they have some capabilities with battery company acquisition..
But I think thing are coming together on a lot different fronts...
The president was in India working on nuclear power deals in the days after the fuel cell testing...drones landing on the White house lawn while he was gone..The presidents buddy and pal Warren Buffet investing in BYD them coming to California, buying a deep charging battery manufacturing company with a TV commercial, and the number of retail outlets, the whole formic acid production from Carbon Sequestration producing Formic acid as a by product of environmental clean up, the whole rare earth metal catalyst......I have been watch Neah as well since 2009 it beginning to take shape...been a long time coming..
Historical Short Selling Data For NPWZ
otcshortreport.com
Date VolShorted High Low Close ShortVol RegularVol
Jan 29 19.27% 0.01 0.01 0.01 674,775 3,500,810
Jan 28 38.27% 0.01 0.01 0.01 1,407,005 3,676,174
Jan 27 35.62% 0.01 0.01 0.01 392,654 1,102,454
Jan 26 31.08% 0.01 0.01 0.01 798,102 2,568,204
Jan 23 0% 0.01 0.01 0.01 0 1,119,700
Jan 22 5.88% 0.01 0.01 0.01 207,501 3,526,819
Jan 21 0% 0.01 0.01 0.01 0 3,276,200
Jan 20 31.63% 0.01 0.01 0.01 1,159,855 3,666,639
Jan 19 0% 0.01 0.01 0.01 0 0
Jan 16 44.97% 0.01 0.01 0.01 1,702,730 3,786,700
Jan 15 36.57% 0.01 0.01 0.01 906,605 2,478,816
Jan 14 27.17% 0.01 0.01 0.01 149,203 549,164
Jan 13 0% 0.01 0.01 0.01 0 370,600
Jan 12 15.66% 0.01 0.01 0.01 196,000 1,251,824
Likewise...
Right thats why your here since 2008....
Formic acid provides more efficient and safer storage of hydrogen. It is an ideal way to store energy from renewable sources or to power 21st century cars.
This would be a significant achievement, as it would lead to safe transport, handling and delivery of hydrogen to a commuter fleet powered by fuel cells.
The adoption of this system would then allow the hydrogen fuel cell car to compete with the battery commuter car. At present, batteries are seen as being more practical and economic than fuel cells. This collaboration could help industry overcome the 'hydrogen infrastructure barrier'."
Once converted to formic acid, hydrogen can be stored easily and safely. This is an ideal solution for storing energy from renewable sources like solar or wind power, or to power the cars of tomorrow.
Tekion’s world class group of scientists and technologists in our Advanced Materials department has and is doing some amazing things. It is where science meets engineering and the result may be too small to see but very large in its impact. We believe the commercialization of all of our technologies will be dependent on our ability to utilize this cutting edge knowledge and processes from the nanomaterials field.
Tekion Solutions, Inc. is pursuing “direct liquid fueled fuel cell” fuel cell technologies. These liquid fuels allow us to develop products that range in sizes from milliwatts to kilowatts.
Our first commercially available fuel cell technology will be our direct formic acid fuel cell using Formira as it’s fuel. Formira is our brand name for a specialized formic acid.
“Imagine for example that you have solar panels on your roof,” says Gabor Laurenczy, professor at the Laboratory of Organometallic and Medicinal Chemistry and Head of the Group of Catalysis for Energy and Environment. “In bad weather or at night, your formic acid battery will release the excess energy stored while the sun was shining.” In such a configuration, the method can restitute more than 60% of the original electrical energy.
This solution is extremely safe. The formic acid continuously releases very small amounts of hydrogen, “just what you need at the time for your energy consumption,” says the researcher.
Another advantage over conventional storage is that the method can store almost twice as much energy at equal volume. One liter of formic acid contains more than 53 grams of hydrogen, compared to just 28 grams for the same volume of pure hydrogen pressurized to 350 bars.
Finally, the researchers have developed a catalytic process using iron, which is readily available and inexpensive compared to “noble” metals such as platinum or ruthenium. As with all catalysts, no material is degraded during the process.
Formic acid and catalyst pieces come together with batteries on the Neah board...supply chain connections and pool of resources
Formic acid as a natural biomass and a CO2 reduction product has attracted considerable interest in renewable energy exploitation, serving as both a promising candidate for chemical hydrogen storage material and a direct fuel for low temperature liquid fed fuel cells. In addition to its chemical dehydrogenation, formic acid oxidation (FAO) is a model reaction in the study of electrocatalysis of C1 molecules and the anode reaction in direct formic acid fuel cells (DFAFCs). Thanks to a deeper mechanistic understanding of FAO on Pt and Pd surfaces brought about by recent advances in the fundamental investigations, the “synthesis-by-design” concept has become a mainstream idea to attain high-performance Pt- and Pd-based nanocatalysts. As a result, a large number of efficient nanocatalysts have been obtained through different synthesis strategies by tailoring geometric and electronic structures of the two primary catalytic metals. In this paper, we provide a brief overview of recent progress in the mechanistic studies of FAO, the synthesis of novel Pd- and Pt-based nanocatalysts as well as their practical applications in DFAFCs with a focus on discussing studies significantly contributing to these areas in the past five years.
Great Western Minerals Group Ltd. is a leader in the manufacture and supply of rare earth element– based metal alloys. Its specialty alloys are used in the battery, magnet and aerospace industries. Produced at the Company’s wholly-owned subsidiary, Less Common Metals Limited in Ellesmere Port, U.K., these alloys contain transition metals, including nickel, cobalt, iron and rare earth elements. As part of the Company’s vertical integration strategy, GWMG also holds 100% equity ownership in Rare Earth Extraction Co. Limited, which controls the Steenkampskraal
monazite mine in South Africa
The BuzzCell and Formic Acid Fuel Gen 3 is due out next in the video..
Exclusive to Neah Power, the BuzzCell power source
uses formic acid. Neah’s passive-direct formic acid
fuel cell enables extended run times for portable
electronics and hybrid systems. The fuel cell can be
designed for continuous grid-free operation. The
power range for stacks (cells in series or parallel configurations)
is available in 3W up to 25W. Multiple
stacks may be utilized for higher power applications.
Formic acid is a safe, energy dense storage medium
for hydrogen. It is a common preservative and antibacterial
agent and occurs naturally in ants and bees.
Formic acid is also a renewable energy source, and
can also be obtained by aqueous catalytic partial oxidation
of wet biomass (OxFA process). As for the byproducts,
when formic acid is heated the byproduct
is carbon monoxide and water, or upon exposure to
catalysts formic acid decomposes to hydrogen and
carbon dioxide. 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.
Enabling automotive and grid scale fuel cells
http://neahpower.com/whitepapers/
Fuel cells are considered one of the cleanest methods of converting fuel into electricity, with minimal to no global warming byproducts. Their potential to generate ultra clean electricity is driving increased adoption of automotive and grid scale fuel cells. Cars with fuel cells will enable the vision of true zero- emission vehicles, since all–electric vehicles merely move the source of greenhouse gas emissions to the point of electricity generation. Similarly grid scale fuel cells provide near zero greenhouse gas emission for electricity generation. One additional, key advantage of fuel cells are their “instantly rechargeable” nature, as opposed to traditional batteries. One of the main limiters with the adoption of automotive fuel cells and grid scale fuel cells is the use of hydrogen as a fuel. Compressed hydrogen as a fuel source, when used in automobiles, has associated safety issues, and there is only limited, and cost-prohibitive to expand, infrastructure in place to for the purchase and distribution of compressed hydrogen on a consumer basis. Similarly, grid scale storage typical fuel cell installations require an onsite hydrogen generation plant or a natural gas pipeline, both of which can add significant cost.
Neah’s solution
Neah Power Systems, through its recent asset acquisition from Clean Tech Investors (Nov 2013), has
demonstrated a reformer that allows onsite (point of use) generation of hydrogen using formic acid
(HCOOH). This technology is covered by two pending patent applications. Many portable energy
sources have distinct differences in energy density, safety, cost and availability as shown in the table
below. Formic acid, which is a liquid, is an attractive energy option without the associated safety and
Neah’s technology enables the use of a liquid, safe fuel (formic acid) for grid scale and
automotive applications without the associated costs of a dedicated hydrogen
generation plant or the safety and handling issues associated with the use of
compressed hydrogen, especially for automotive applications. Furthermore, formic
acid could leverage the existing gasoline distribution infrastructure for enabling zero
emission transportation.
handling challenges of compressed hydrogen.
Here is our first television commercial. It will air on SPEED TV and CBS Sports.
The World’s Lightest Strongest Powersports Batteries™
http://shoraipower.com/products
http://shoraipower.com/tv-commercial
Its about the batteries but its the whole system integration. Seems to be the same general path in a much small way...solar, batteries and power generation...sound like a plan...
long-cycle technology has become the core of their clean energy platform that has expanded into automobiles, buses, trucks, utility vehicles and energy storage facilities.
John P. de Neufville purchased the ChemOvonics Division from ECD in 1986 and founded Voltaix, Inc. a high purity specialty gas business which was sold to Air Liquide America in 2013. so that may be one of the links to MVTG
About Neah Power
BOTHELL, WA -- (Marketwired) -- 09/03/14 -- Neah Power Systems, Inc. (OTCBB: NPWZ), an innovator and supplier of cutting-edge power solutions for the military, transportation and portable electronics industries, announced today the addition of John P. de Neufville to their Strategic Advisory Board. John has held various leadership and research roles at Exxon, Energy Conversion Devices ("ECD") and Ovonic Battery Company.
BOTHELL, WA -- (Marketwired) -- 09/03/14 -- Neah Power Systems, Inc. (OTCBB: NPWZ), an innovator and supplier of cutting-edge power solutions for the military, transportation and portable electronics industries, announced today the addition of John P. de Neufville to their Strategic Advisory Board. John has held various leadership and research roles at Exxon, Energy Conversion Devices ("ECD") and Ovonic Battery Company.
John P. de Neufville purchased the ChemOvonics Division from ECD in 1986 and founded Voltaix, Inc. a high purity specialty gas business which was sold to Air Liquide America in 2013. Subsequently, he purchased the assets formerly associated with the GM-ECD JV that produced the then novel nickel-metal hydride batteries for GM's first all-electric car, the EV-1, creating a new company, Eutectix, LLC, based in Troy, MI and currently serving as Eutectix' CEO and Chief Scientist. His early research interests focused on materials for batteries, optical memory devices, and solar cells, prepared by sputtering, chemical vapor deposition and plasma deposition. At Exxon, John was a member of the team that developed a concept of selective remote sensing of uranyl minerals using laser induced fluorescence. At Voltaix he played a key role in scaling the synthesis of various molecules used for the chemical vapor deposition of insulating, semiconducting and conducting films for advanced integrated circuit and photovoltaic applications. John P.de Neufville holds a PhD. in applied physics and materials science from Harvard University and an M.S. in geology from Harvard University and a B.S. in geology from Yale University.
"We are very happy to have such an esteemed, successful entrepreneur and scientist join our Strategic Advisory Board," said Chris D'Couto, CEO Neah Power Systems, Inc. "He brings relevant experience both in semiconductor processing as well as battery energy storage and will be a valuable asset going forward in our commercialization and technology development efforts."
About Neah Power Subsequently, he purchased the assets formerly associated with the GM-ECD JV that produced the then novel nickel-metal hydride batteries for GM's first all-electric car, the EV-1, creating a new company, Eutectix, LLC, based in Troy, MI and currently serving as Eutectix' CEO and Chief Scientist. His early research interests focused on materials for batteries, optical memory devices, and solar cells, prepared by sputtering, chemical vapor deposition and plasma deposition. At Exxon, John was a member of the team that developed a concept of selective remote sensing of uranyl minerals using laser induced fluorescence. At Voltaix he played a key role in scaling the synthesis of various molecules used for the chemical vapor deposition of insulating, semiconducting and conducting films for advanced integrated circuit and photovoltaic applications. John P.de Neufville holds a PhD. in applied physics and materials science from Harvard University and an M.S. in geology from Harvard University and a B.S. in geology from Yale University.
"We are very happy to have such an esteemed, successful entrepreneur and scientist join our Strategic Advisory Board," said Chris D'Couto, CEO Neah Power Systems, Inc. "He brings relevant experience both in semiconductor processing as well as battery energy storage and will be a valuable asset going forward in our commercialization and technology development efforts."
About Neah Power
Formic Acid Reformer-Based Fuel Cells for UAS small enough and light enough for the drone...
http://www.uasvision.com/2014/10/16/formic-acid-reformer-based-fuel-cells-for-uas/
“We are thrilled to be partnering with Silent Falcon UAS Technologies. We are looking forward to this joint development of extending the mission endurance for their UAS,” said Chris D’Couto, president and CEO of Neah Power Systems, Inc. “The Formira technology uses a liquid fuel, and is a very attractive energy option as it does not have the low energy density, safety and handling challenges of compressed hydrogen.”
John W. Brown, Silent Falcon CEO said, “I believe the biggest advantage to having a Neah fuel cell on board Silent Falcon will not only be the extra endurance, but the ability to carry heavier and power hungry payloads. This is already one of our most important competitive differentiators and is what is attracting lots of folks to our products. Neah will also give us the ability to offer extended endurance at night, which is huge from our perspective. We look forward to integrating this technology into our UAV for a demonstrable performance advantage and the ability to serve an even wider range of markets and applications.”
The patent pending Silent Falcon is a solar/electric, all composite, modular small Unmanned Aircraft System (sUAS) designed for commercial, public safety, and military applications. With Silent Falcon’s solar electric propulsion system, rugged composite structure, and three interchangeable wing configurations, it is the first sUAS capable of meeting long range and long endurance mission profiles.
Quite the opposite its the unit on the automotive magazine cover. He we quite please with the developmental timeline and pushed this unit out in front on the buzz cell. I just he will need to connect it up to a BMW i3 and drive it around. Or any BEV time for a dog and pony show
This is going in cars and the drones he held up one in the video ready for production 100 watts with AC plug
Given the number of shares and the amount controlled by insiders seems like more shares would have hit recently if insiders felt there was not a short term or long term upside... form 4 have been by Shekin and makes you wonder about his intent and timing...
ANNUAL REPORT ON FORM 10-K FOR THE PERIOD ENDED SEPTEMBER 30, 2014
Percentage of common stock beneficially owned is based on 966,107,350 shares of common stock outstanding on September 30, 2014 . In accordance with SEC rules, when we computed the number of shares of common stock beneficially owned by a person and the percentage ownership of that person, we deemed as outstanding shares of common stock subject to options or warrants held by that person that are currently exercisable or exercisable within 60 days of September 30, 2014 . We did not deem these shares outstanding, however, for the purpose of computing the percentage ownership of any other person.
This table is based upon information supplied by executive officers, directors and principal shareholders. Unless otherwise indicated in the footnotes to this table and subject to community property laws where applicable, to our knowledge, each of the shareholders named in this table has sole voting and investment power with respect to the common stock shown as beneficially owned. The address for each of our officers and directors is c/o Neah Power Systems, Inc., 22118 20th Avenue SE, Suite 142, Bothell, Washington 98021.
Name of
Beneficial Owner
Number of Shares Beneficially Owned
Percentage
Owned (%)
Chris D'Couto (1)
185,778,432
16.1%
David Schmidt (2)
44,818,748
4.5%
Jeffrey Sakaguchi (3)
20,032,422
2.1%
Jon Garfield (4)
15,038,829
1.6%
William M. Shenkin (5)
60,100,000
6.2%
All directors and named executive officers as a group (5 individuals)
325,768,431
27.0%
5% or More Shareholders
Bard Associates, Inc. (6).
186,200,000
17.5%
Green World Trust (7)
99,219,364
10.0%
Summit Trading Limited (8)
93,552,744
9.7%
Sierra Trading Corp (9)
87,942,496
9.1%
It may also receive ores from other Vale sites around the world.
http://www.canadianminingjournal.com/news/nickel-ceremony-opens-vales-long-harbour-hydromet-plant/1003370021/?&er=NA
At full operation, Long Harbour will be capable of producing 50,000 tonnes of nickel per year, as well as copper and cobalt, and it may also receive ores from other Vale sites around the world. The first nickel production tests began in July, using nickel matte produced by Vale in Indonesia.
So it seem it was not built for just the Voisey Bay Bay Nickel...
Now that there is no longer a Cornerstone presents in Newfoundland..Who has the claims that Vale had the options on...??
From the Katx website..
We feel like we are an exciting company. We have a field crew that knows what they are doing. We have some good past experience. Again, we are not a fly-by-night company; we are located in an area that is under-explored where in recent times have made new economical discoveries. If you were living in Canada and were monitoring province-by-province, you would find that Newfoundland has become one of the most exciting exploration provinces in the whole country. Our economy is a booming economy here in Newfoundland due mainly because of oil and mining. INCO has recently brought the Voisey’s Bay Nickel/Cobalt Deposit into production which is a very rich deposit found in the Labrador part of the province. They are now in the process of building a $2 billion smelter refinery in Long Harbor. So the province itself is very exciting when it comes to new mining and oil discoveries.
So may be? the Deer Harbour that was a Vale option property becomes of interest again..
Mount Pearl, Nov 18
th
- 2014, Kat Exploration Inc.
(OTC-Pink Sheets: KATX) www.katexploration.com
Kat Exploration is please to update the public and shareholders of its fall exploration program on
its 100% wholly owned “Deer Harbour” copper property.
The company’s most recent staking of 3706 acres is in a geological setting with the potential for
sediment-hosted Stratiform copper (SSC) deposits.
The fall program consisted of ground exploration and rock sampling of favorable greybeds
hosting significant Malachite staining and Chalcocite.
Major faulting in the area has revealed a sequence of Greybeds approx…1.3kms in width by 9km
in length. While a brief stopover at the southern limits of this unit minor amounts of chalcopyrite
was discovered, the main focus of exploration was in the Deer Harbour region itself and in an
area approx..3.5km south of Deer Harbor where malachite staining was discovered in many
areas of the upper section of the Greybed.
The fault exposure along the Deer Harbour coastline, while extremely steep and fractured
allowed for numerous copper showings in outcrops and malachite staining throughout long
stretches of fault gouge.
This is an underexplored portion of the province and we feel this is a very exciting discovery and
the company plans to carry out a more extensive exploration program as soon as weather
permits.
Photos of the exploration and copper can be viewed on our website.
With less than 2(two) million shares in the float the company feels it is in a good position to raise
the needed capital for future exploration.
The company is also engaged in discussions with several new and significant acquisitions and
will provide further details in the near future.
According to Dr. Chris D'Couto, Neah Power's CEO and the featured guest in the interview below, a five kilowatt hour fuel cell running off a tank of liquid formic acid would be configured to trickle charge an electric vehicle's battery, allowing it, like the gasoline engine generator in the BMW i3 REx, to offer extended range capability. Unlike the i3 REx, the only tailpipe emission would be water vapor and CO2
http://evworld.com/focus.cfm?cid=240
From the report, in Sept the company seems to be going forward on path maybe some of the details will start to come out...the focus is clearly on the battery market replacement and the fact they have a method to recharge batteries with solar, their different types of fuel cells and now have a onsite presents to market with deep charging batteries they seem to be on a role...$165,000 is a nice start for one countries Department of Defense license for the silent running fuel cell...
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
Because Neah Power’s technology relating to DMFC is unique to the company, they run little risk of
interfering or contravening other DMFC patents or processes that might be held or employed by other
companies.
The company is holding commercial discussions with a number of cell phone companies and companies
that provide battery products to cell phone companies. Some companies have expressed a keen interest
in both the PowerChip™ and BuzzBar™ technologies and applications.
The company does not wish to be in the retail business per se, but intends to market to and supply large
companies that already have a substantial commercial presence. Management’s target asking price range for the different BuzzBar™ products is $39 to $99, which seems low enough to attract meaningful
attention. A simple fuel cell replacement would cost about $1.
Revenues are expected to be flowing in as this report is being written. Management suggests that
revenues could reach $250k for BuzzBar™ products by the end of this fiscal year and reach over $500k
next year. We would impart a value of $1 million to $3 million to this segment at this early stage, but it
could quickly expand if some of its discussions with several major companies prove fruitful.
The BuzzBar suite is covered by two patent applications, and the management believes that there is no
product with similar capability out in the market.
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.
It was also noted that one of the likely producers of the formic acid had a fairly good day today as well now that NPWZ is moving forward..helps to have a market for the formic acid they will produce...MVTG seems to be a pairing in the making.. Formira and NPWZ with the carbon recapture..
Dr. Reza Abhari
Dr. Abhari is a professor of Energy Technologies at the Swiss Federal Institute of Technology Zurich (ETH) where he is committed to research and development of advanced energy conversion systems and technologies. Dr. Abhari has served as a consultant to notable companies such as Alstom Power, a global leader in power generation, Daimler (NYSE: DAI),
They make the introductions...and help guide the CEO...source the rare earth catalyst...for the fuel cells..by the ton..
Subsequently, he purchased the assets formerly associated with the GM-ECD JV that produced the then novel nickel-metal hydride batteries for GM’s first all-electric car, the EV-1, creating a new company, Eutectix, LLC, based in Troy, MI and currently serving as Eutectix’ CEO and Chief Scientist.
Eutectix, LLC recently acquired the manufacturing facilities and assets of Great Western Technologies Inc., a subsidiary of Great Western Minerals Group, Ltd. Acquisition of the factory in Troy, Michigan provides Eutectix with facilities for high tech manufacture of advanced materials.
http://www.prweb.com/releases/2014/8/prweb12041531.htm
The Great Western Minerals Group Ltd. is a leader in the manufacture and supply of rare earth element-based metal alloys and holder of a low cost, high-grade critical rare earth element mineral property in the Western Cape province of South Africa (the “Steenkampskraal Project” or “SKK”). Its specialty alloys are used in the battery, magnet and aerospace industries. Produced at the Company’s wholly-owned subsidiary, Less Common Metals Limited in Ellesmere Port, U.K., these alloys contain transition metals, including nickel, cobalt, iron and rare earth element
http://www.marketwired.com/press-release/great-western-minerals-reports-feasibility-study-results-steenkampskraal-rare-earth-tsx-venture-gwg-1908184.htm
The Steenkampskraal Project comprises a state-of-the-art underground monazite mine and an integrated metallurgical and hydrometallurgical processing plant. The Project is based on a high-grade, narrow vein, monazite deposit, which was successfully exploited for thorium in an underground operation by Anglo American between 1952 and 1963. GWMG's proposed mining methodology includes a combination of long hole open stoping and conventional down dip mining to adequately exploit the variable vein attitude and thickness. The mine will be a conventional trackless operation with approximately 50% of the in-stope mining remaining as conventional hand held rig mining. The mine plan and ventilation design is unique in that it has been specifically based on a radiological model that minimizes radiation exposure to the workers.
The process flowsheet comprises crushing and milling, upgrading through dense medium separation ("DMS") and magnetic separation. This is followed by hydrometallurgical acid cracking and mixed REE carbonate precipitation. Lanthanum and cerium, considered low value REEs, are removed and stored on site. The high-value REEs are retained in a mixed REE carbonate concentrate, which will be toll-treated producing high-purity, separated REOs. A portion of the high-purity REO product from the independent separation plant will be used to produce REE metal alloys at Less Common Metals Limited ("LCM"), GWMG's subsidiary located in the United Kingdom, with the remainder of product sold on the international market.
About GWMG
Great Western Minerals Group Ltd. is a leader in the manufacture and supply of rare earth element-based metal alloys. Its specialty alloys are used in the battery, magnet and aerospace industries. Produced at the Company's wholly-owned subsidiary, Less Common Metals Limited in Ellesmere Port, U.K., these alloys contain transition metals, including nickel, cobalt, iron and rare earth elements. As part of the Company's vertical integration strategy, GWMG also holds 100% equity ownership in Rare Earth Extraction Co. Limited, which controls the Steenkampskraal monazite mine in South Africa. The Company also holds interests in three rare earth exploration properties in North America that are not active.
Any one wanting to look at the last three income reports have everything laid out...
Today new was in the report as the first step...
Table 6 - Neah Power Annual Income Statements are improving but the value going forward is in the potential...the first step todays news as mentioned in the report in now in place..
http://consiliumglobalresearch.com/consilium_PDFs/NPWZ_Initiation_9-10-2014.pdf
The ongoing losses shown in Table 6 reflect the primary research focus of the company to date.
Importantly, the company carries little debt and the convertible preferred shares recently issued can be
paid in equity at the choosing of the company. With the recent injection of capital and over $1.2 million in
cash on the books (June quarter closing), the company has the breathing room necessary to implement
its commercialization strategy.
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. Discount that result over a 12 month time
frame at an annualized 15% rate and one calculates a value of $32.9 million, well above the company’s
current market capitalization of $14.4 million.
This valuation metric does not fully take into consideration the enormously promising potential of the
company’s new technology in utilizing formic acid to create hydrogen on site and in substantial quantities.
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
Valuation Summary
Neah Power still has to prove to investors that its commercialization efforts are actually gaining traction.
Management has indicated that its efforts along these lines are bearing fruit and that it is only a matter of
time before a genuine flow of revenues unfolds. Shipments have already been made to the DRDO in
India which will lead to payments within the next few months, and other situations cited are very close to
kicking in.
We offer the following summary of the company’s IP in combination with some other value elements as a
reasonable compendium to measure the company’s latent value.
This sum of the parts approach produces a present value of all of the company’s intellectual assets and
tax loss carry-forwards of $117.7 million.
In our second, more practical approach, we estimated the company’s likely revenue progression over the
next two years and calculated a revenue achievement of $14.5 million which, when a 3x revenue multiple
is applied, produces a value of approximately $43.5 million which, discounted at a 15% annual discount
rate over two years produces a base value of $32.9 million. Add in the tax loss carry-forwards estimated
value of $14 million and a total value of $46.9 million can be calculated. Currently the company is trading
with an enterprise value of about $14.4 million.
The steep discount from our valuation calculations is almost certainly attributed to the enduring
inability of the company to generate revenues and the generally disappointing history of fuel cell
investments. Investing at this time before real commercial corroboration takes place has its obvious
risks, but it will not take long to respond positively if any of the pending customer discussions translate to
real material engagements. It is understandable, however, why the market is taking a “show me” attitude
towards this company and its stock.
___________
Peer Companies handled rather well in the report...
http://consiliumglobalresearch.com/consilium_PDFs/NPWZ_Initiation_9-10-2014.pdf
The accompanying table (next page) shows a great many publicly traded fuel companies that either
compete directly with Neah Power or operate in different areas of fuel cell technology. Over the years,
many companies have fallen by the wayside, unable to make the economics of producing fuel cells
sufficiently compelling to establish long term foundations. The underlying appeal of fuel cells, that
emissions are non-toxic to the environment, continues to drive companies like Neah Power to find either
more economically friendly or logistically appealing products that can overcome the basic inertia of the
marketplace.
To date, Neah Power has been very limited in revenue generation. This condition appears to be on the
verge of changing. Our income model accounts for the establishment of a number of contractual or grant
arrangements that should soon produce revenues. We are also taking the leap that these relationships
will lead to even higher revenues 12 months down the road. In parallel, we are assuming that the
technological advantages that Neah Power has developed will be of considerable appeal to many
companies. The logical consequence would, of course, be an expanding foundation of customer royaltybased
revenues. The risk is that unforeseen technical complications arise as current customers stresstest
the technology in all its practical applications.
From a valuation standpoint, valuation ratios among the peer companies are wide and varied. In addition
to the IP valuation cited earlier in this report, revenue as a multiple of projected revenues for such an
early stage company is often used as a tool. In the case of Neah Power, we believe that the company is
on the verge of generating significant revenues over the next 18 months.
One of the more profound observations one can make from this list is the persistently high valuations of
some of these companies (Ballard, Fuel Cell, Plug Power) despite the fact that each has run up
substantial cumulative losses and despite each being in business for over 20 years. By contrast, Neah
Power is on the verge of meaningful commercialization after only 14 years of product research and
development.
It is perhaps why this nearly widespread lack of success with the major fuel cell companies has produced
a very deep sense of cynicism with respect to this sector. For this reason, should the company deliver on
two or more of the projects on which it is currently involved, this cynicism could suddenly transition to a
great deal of investor recognition and enthusiasm.
The company has managed to secure 12 patents, with two others in patent pending status. When you look at the staff that not bad...
http://fuelcellsworks.com/news/2014/01/23/neah-power-a-fast-growing-fuel-cell-name/
Neah Power Systems is a developer of innovative, long-lasting, efficient, and safe power solutions for the military, transportation, and portable electronics applications. The company has developed a unique silicon-based design that enables its technology to deliver higher-power densities, air and non-air operation, lower-cost, and compact form factors. Because of the uniqueness of the technology, several large prominent organizations such as Intel (NASDAQ:INTC), Novellus Systems, the U.S. Navy, and several Tier 1 venture capital firms have invested close to $50 million in Neah Power.
To put that amount in perspective, investors should take a look at a competitor of Neah Power’s, Bloom Energy. Bloom Energy has invested roughly $1.2 billion in its technology and remains at the same point of development as Neah Power. Through Neah Power’s strong research and development efforts, the company has managed to secure 12 patents, with two others in patent pending status.
Really...The two marines are hanging around since 2007 because..?
might be for a policy initiative . For my two cents worth the Doc is doing ok... 12 patents ...
50 million into the fuel cells as apposed to the billion the Bloom box has into it...
http://breakingenergy.com/2013/08/19/navy-sees-fuel-cells-ready-for-front-lines/
The ONR, the scientific research arm of the Navy and Marine Corps, is talking up the new Solid-Oxide Fuel Cell Tactical Electrical Power Unit that uses technology developed through its programs. A 10-kilowatt unit was demonstrated at the Army’s Aberdeen Proving Ground in Maryland earlier this summer, and it used 44 percent less fuel than a similarly sized conventional generator, the ONR said.
“Fuel cells are real and are ready for transition to our warfighters,” Don Hoffman, a program officer in ONR’s Sea Warfare and Weapons Department, said in a statement. “We’re pushing forward to examine adapting this technology for use aboard ships as well.”
We’ve written frequently about the U.S. military’s deep interest in turning to more efficient energy sources for its front-line operations. This has led to initiatives like RENEWS – the Reusing Existing Natural Energy, Wind & Solar system – that enables the harvesting and utilization of wind and/or solar power and is intended to produce up to 300 watts of energy in silent, remote operations where the supply of power and fuel resupply is difficult or risk.
This, and the fuel cell development, flows from the Department of Defense’s Operational Energy Strategy to be less reliant on risky-to-transport fossil fuels. The sought-after payoff is quite tangible: “Using less fuel ultimately means fewer convoys and more lives saved,” John Pazik, director of ONR’s Ship Systems and Engineering Research Division, said.
From 2007, lots of water under that dam...but the fact they still have two Marines on the board points to military interest and involvement...not sure there was a product to buy back then seems to be one now...naval research got them the point they are now..
http://202.114.89.60/resource/pdf/1066.pdf
Navy funds Neah
Power for DMFC with
silicon electrodes
US-based Neah Power Systems has
been awarded a contract from
the Office of Naval Research, for the
design of a high power density DMFC
stack utilizing its innovative porous
silicon electrodes. The company, a leading
developer of fuel cells for military
applications, notebook computers and
portable electronic devices, will receive
$1.4 million over the next 12 months.
Colonel James Mutter
Colonel James Mutter joins the Company’s Strategic Advisory Board after a distinguished 36-year military career with the US Marine Corps, including five years in USMC research, development, test and evaluation positions, about 15 years in senior command and control positions in both field and garrison, and also several tours as Chief of Staff at various commands. Following his military career, Col. Mutter was Sr. VP for Administration at Sensys Corp in D.C., has consulted with a number of military support contractors, and was President of the National Military Family Association. In 1998, he received the civilian US Navy Distinguished Public Service Award. After graduating from University of New Mexico in 1961, and serving two tours of duty in Vietnam, Col. Mutter was selected to attend graduate school and earned a Masters Degree in Financial Management at George Washington University.
Lieutenant General Carol Mutter (Ret.)
Lieutenant General Carol Mutter (retired) joins Neah Power’s Strategic Advisory Board after a celebrated 31-year career with the US Marine Corps where she retired as a Lieutenant General in 1999. General Mutter possesses 13 years of experience in military research, development and acquisition in addition to her experience in financial management, logistics, personnel administration, and equal opportunity. She was appointed by the President of the U.S. to the American Battle Monuments Commission, and currently serves on the National Advisory Council of The Alliance for National Defense, on the Advisory Board of the Indiana Council on World Affairs, on the Indiana State (legislative) Commission on Military and Veterans Affairs, and participates as a Senior Fellow at the Joint Forces Staff College in Norfolk, VA. More recently, Gen. Mutter has been a consultant for companies including IBM (NYSE: IBM), Raytheon Co. (NYSE: RTN), Revision Eyewear, as well as virtual training and nanotechnology organizations, directly contributing to their relationships with and success in obtaining government contracts. Gen. Mutter earned two masters degrees; one from Salve Regina University and the other from Naval War College, and has been awarded two honorary doctorate degrees.
De Neufville, Lee and Russotti were formerly employed by Energy Conversion Devices which was the original parent, via its Ovonic Battery Company subsidiary, of the Great Western Troy operations. They founded Voltaix in 1986. The Chief Executive Officer of Eutectix, John de Neufville, was formerly a Vice President and Director of Energy Conversion Devices, Inc., the Chief Executive Officer of the Ovonic Battery Company and the Chief Executive Officer and Principal Scientist of Voltaix, Inc.
– Eutectix, LLC recently acquired the manufacturing facilities and assets of Great Western Technologies Inc., a subsidiary of Great Western Minerals Group, Ltd. Acquisition of the factory in Troy, Michigan provides Eutectix with facilities for high tech manufacture of advanced materials.
Dr. John de Neufville, the Eutectix CEO, said, “Following our successful negotiations with Great Western Minerals Group, I am pleased to announce the transfer of the excellent team and all the manufacturing equipment from Great Western Technologies into our new company, Eutectix LLC. Our factory in Troy, Michigan will continue to supply a wide range of customized products and services designed to meet the requirements of current and future customers.”
“It is our intention to build on the expertise with which our customers are already familiar, that of an innovative materials supplier, focused on the provision of fully characterized metals and alloys in various forms including castings, customized powder products and fabricated items. Alongside our extensive manufacturing facility we bring product development capability, offering new and exciting solutions to future customer requirements.”
More information about Eutectix can be found at www.eutectix.com.
About Eutectix
Eutectix LLC manufactures and processes metal alloys and battery electrodes at its facilities in Troy Michigan. Its custom alloys are used as additives for manufacturing high tolerance specialty alloys and for hydrogen storage, battery, and magnet applications. Current production has focused on hydrogen reactive metals, oxygen scavenging alloys and magnetic alloys.
If you follow the timing this is about when he was added to the board...
John P. de Neufville purchased the ChemOvonics Division from ECD in 1986 and founded Voltaix, Inc. a high purity specialty gas business which was sold to Air Liquide America in 2013. Subsequently, he purchased the assets formerly associated with the GM-ECD JV that produced the then novel nickel-metal hydride batteries for GM’s first all-electric car, the EV-1, creating a new company, Eutectix, LLC, based in Troy, MI and currently serving as Eutectix’ CEO and Chief Scientist
It means it works... its just like the flight at Kitty Hawk...it was only 90 feet but it worked...not a lot to get excited about...
They tested it for months and it worked...$165,000 is a lot for the government of India...first deal is in the can...scooters drones and drones next.
They know they need electrical power...this is it..its scale-able and fits the needs of millions...
http://www.pragma-industries.com/reports/fuel-cell-explained/
Fuel cells allow independent scaling between power (determined by the fuel cell size) and capacity (determined by the fuel reservoir size). The fuel cell size can be adapted by simply changing the number of elementary cells and the active area. Scale-up is therefore very easy, from the W range of a cell phone to the MW range of a power utility plant. For miniaturized systems, techniques derived from microelectronics are being developed.
Fuel cells are the ideal solution when space is limited or weight is a concern, offering clean and quiet operation in a wide range of installation conditions. For example, the reduced footprint requirements for normal rooftop loading limits, and zero-emission combined with silent operation make them highly suitable for indoor/outdoor, urban/rural applications.
In addition, they can be fueled by a variety of fuels including intermittent renewable energy like solar energy or wind turbines as the primary source, in conjunction to hydrogen storage.
3. Issues
There are three main barriers remaining to widespread adoption of the fuel cell technology:
- Cost
Firstly, fuel cells and the hydrogen delivery-storage infrastructure needed to support them still cost far too much to be competitive with internal combustion engines (ICEs). In the automotive sector, the low-volume costs for PEMFCs are currently in excess of $1,800/kW vs. an automotive target price of $40/kW. The lion’s share of cost lies between bipolar plate (45-50%) and membrane-electrode assembly (35%) manufacturing. Not only is platinum catalyst a very expensive metal, but the other stack components are still driving the prices up. In the stationary sector, the threshold price is estimated somewhere around $1,500/kW, where fuel cells systems can start to compete economically with other applications, and will actually compete with industrial batteries.
The main reason is that whatever the technology considered, manufacturers haven’t made many fuel cells to date, and they have neither the capital equipment nor the experience with mass production that would be required to bring the costs down at some point. While material costs should remain stable with volume, one can forecast that production costs will massively go down.