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D'Couto was working it in Feb & March. Submitting DOE grant proposals, talking his products up, even as he was minimizing costs and selling the lab equipment.
Not the behavior of someone who gives up easily.
http://www.giiconference.com/kf337354/fuel-cells.shtml
Bill
Good thing is that for this program is the transparency, if they have success the DOE gets to publicize. This is a stipulation of participation in the program.
"Release of Information: Agree to allow non-proprietary information about your business and the success of the assistance to be featured in publicly available stories by DOE and the labs."
JMHO
Bill
D'Couto SAYZ ! Plus he is excited again. Oh No !
I don't know if anyone posted this one, I hadn't noticed it before.
" Micromanaging the battery industry " Hmm, what does that even mean ?
I am not encouraging others to invest I have no care whether they invest or not, the real success will be if a customer finds the product to be cheaper, and work better than the existing available technology and then orders it in mass quantities.
If and or when customer start buying the product NEAH will either manufacture or license will be when the stock price actually starts to rise.
Traders can only move a stock a small amount and for a short time.
As for the DOE program it is designed to do the following, not to develop a product as you state is happening.
"Through 2016, EERE is providing up to $20 million in vouchers so that small businesses can request technical assistance from national labs to help bring the next generation of clean technologies to market."
Through the SBV Pilot, eligible small businesses can tap into the reserve of National Laboratory intellectual and technical assets to overcome critical technology and commercialization challenges such as:
Prototyping
Materials characterization
High performance computations
Modeling and simulations
Intermediate scaling to generate samples for potential customers
Validation of technology performance
Designing new ways to satisfy regulatory compliance"
Note that is does not state it will develop a technology for a company..
Take from that what you will of whether NEAH has a product.
JMHO
Bill
So you are saying that NEAH did not really get a DOE grant ? Because D'Couto stated it in a PR ?
I had the DOE Small voucher Program picked as NEAH's way before it was announced, I also predicted which lab would be the partner a month before due to the work they can do.
From you all I have seen is "ITS NOT TRUE !" cause D'Couto said it...
Only the future can tell if a true 5X battery will be commercialized by NEAH or if it will be a 2X, 3X,4X,or even a 6X or 7X battery due to refinements by Argonne, I am willing to wait and see.
Not sure if you have seen it but a great deal was made about SAKTI3 with a "supposed" 2X Solid State battery that was never really demonstrated in any large scale test.
http://qz.com/524268/sakti3s-quest-for-a-better-battery-hype-funding-promises-and-then-a-surprise-sale/
And another new battery company with a 2X battery which has raised some money for development.
http://news.mit.edu/2016/lithium-metal-batteries-double-power-consumer-electronics-0817
Does NEAH have one ? Who knows...indications are not precise but they are positive.
JMHO
Bill
Why did Sean Huff go to work for NEAH ?
The whole Neil Huff fiasco was quite fishy to say the least, when a company is contracted to assist another company ie Tekion to help Mantra and then the CEO of Tekion leaves to work at Mantra and follow the same development path it shows a lack of ethics.
Of course the path Mantra has taken in the last couple of years REALLY shows a lack of ethics. Things that make you go hmmm.
Of course it cannot be said that NEAH was anything but a money burner in terms of Fuel Cells but what Fuel Cell company isn't...
JMHO
Bill
Real DD is also not about taking snippets of articles and posting with your manufactured opinion which is entirely 100% negative.
You say it and you may be called on it.
Bill
Don't know about you but my ( lead acid ) car batteries last a few years, won't know for a while what the longevity of a NEAH battery may be. As for temperature resiliency another unknown. These may be measured out and predicted by DOE research but nothing to count as an advantage right now.
NICADs are batteries of choice for telecoms with equipment in high heat cabinets plus for longevity ie. more than 15 years, more like 15 to 30 years supposedly...is this gonna compete with that ?
I haven't seen any Lithium batteries that aren't degraded after a few years.
JMHO
Bill
D'Couto said he bought the TEKION IP. And he did.
D'Couto said Formic acid reformers work and they do.
D'Couto said he was closing the office which was very expensive to maintain and selling the lab equipment and he did.
http://www.globalauctionguide.com/neah-power-systems-online-auction-surplus-to-ongoing-needs-s-312653.html
D'Couto said he was submitting for DOE funding for a deconstructive analysis and he did.
D'Couto said NEAH was a semi-finalist for the DOE award and they were.
D'Couto said the were awarded a DOE grant and they were.
D'Couto said he was in talks with a South African entity and he was.
Interesting, in that you make it sound like the DOE will have to invent the battery for D'Couto because he said he had one at home, but he has a theory.
From the 10Q.
"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. "
Hmm, What happened with the SEVEN PROTOTYPES ? NEAH is past the stage of providing seven prototypes and on to providing 100 test units.
Liquid image or anyone else would not need the DOE and Argonne to be able to plug in a battery to a device, use it for X amount of hours just to see if D'Couto was full of it.
If the seven did not pass, the 100 certainly would not have been ordered. The company who built the 7 prototypes would certainly have had the ability to quality test and analyze the original 7 and any previous versions before sending them out.
If the seven prototypes worked and now they want to see if there is consistency and order 100 then the battery already exists.
De-constructive analysis requires a Battery to exist to Deconstruct.
JMHO
Bill
Truthfully, there is not an advantage there,because in a traditional gas or diesel motor the battery is used to start the car and then the alternator charges the battery and keeps running the voltage\power needs. At this point the battery is acting as a reference for the alternator and isolation from voltage variances.
In applications where the battery is the primary energy source for the device is where the advantage is, where the power density makes a difference.
Applications such as electric cars, cellular phones, cameras, drones these are situations where the battery will be charged and then taken away from the charging source to be the primary power provider thus giving the user mobility and range.
Having mobility for longer periods of time is the motivation for adoption of this type of battery.
JMHO
Bill
I read this as 5X already achieved, and theoretical is even more than 5X which is what they hope to achieve.
"The unique architecture using lithium metal and porous silicon is making the battery five times more powerful than batteries in production today, D’Couto said."
"Theoretical modeling of the battery shows that it should be producing even more energy storage and output than it already does, D’Couto said."
"With assistance of the national laboratory, Neah Power hopes to identify the changes that need to be made so the practical application matches up with the theoretical modeling."
of course some people complained about this stock when it was going down and they are complaining even more now that it is going up...
JMHO
Bill
Those may be too small, but think of just the cell phone market...tablets....especially if Argonne can unlock past the 5x capacity already being realized.
I really think vehicles....one set for 20,000.00 is the way to go.
Jmho
Bill
Somebody already tested the initial 10 units...which were built by the Beaverton lab....liked it.
Now they are building on their own the batch of 100....which if we are already at this point should Be a slam dunk. Then if NEAH gets the 200,000 order....the total proof will already be in the pudding.
Look at what SAKTI 3 sold for to Dyson...
The good times they are a comin.
Jmho
Bill
Monday schmonday...I'm thinking there's more need than 200,000 units ....even if for just law enforcement body cams...back to soldier power , cars, DRones .....like I said the potential is Huge !
My plan also to keep buying at .0004 or under. Not concerned with price at this time.
I have averaged down enough that I was up at 40% above my total investment on our 200% day, however I am not in this for the short term as I have stayed through the complete drop in price.
I think we are getting close to the actual inflection point.
D'Couto was too optimistic about the chances for large scale fuel cell uptake into an energy market where the price of oil/gas are too low to create pressure to go alternative.
He moved the skeleton of the company to an area that can co-exist with fossil fuel energy and already has a massive market.
If he can get private funding to move forward faster we will spring forward exponentially.
JMHO
Bill
I agree on that point.
D'Couto has repeatedly stated that he does not want into the manufacturing business which is expensive and NEAH does not have money or the source to get that kind of money.
Better to prove out the battery then license the IP to a manufacturer who can tool up quicker to move product, NEAH would get a license fee for each batt sold and revenue would start to flow.
Qualcomm did this with CDMA and is massive because of it.
JMHO
Bill
Here is a tidbit from way back.
Approximately 9 months ago. Shows that the Dr. was working the battery angle and should have Key connections for moving forward.
"Neah Power Systems, Inc. (NPWZ) ("the "Company") today announces the addition of Robert A. Kruse Jr. to the Company's strategic advisory board.
"Mr. Kruse's extensive commercialization, capitalization, international business and focus on energy storage and batteries, off-grid and renewable energy experience will be invaluable to the growth of our Company," said Dr. Chris D'Couto, president and CEO of Neah Power Systems.
As a member of Neah Power Systems' strategic advisory board, Kruse will contribute his knowledge and diverse specialties to assist the Company through continued corporate growth, especially with the PowerChip® battery.
"I am pleased to facilitate the growth of Neah Power Systems with its unique and differentiated technology offerings, which are clearly needed for off-grid, renewable power for a variety of domestic and international markets," commented Kruse. "It's an honor to join the team and I look forward to providing Neah Power Systems with insight and guidance obtained from my current and previous endeavors."
Mr. Kruse is a battery and energy storage subject matter expert. Kruse is currently Chief Technology Officer for Qoros Automotive in Shanghai China. He is responsible for all Product Development and Advanced Technology. Previously, Kruse lead the operation development for Sakti3 Inc. as Chief Operating Officer and Board Member. Sakti3 is commercializing solid-state battery technology simultaneously targeted at electric vehicles and consumer electronics and was ultimately acquired by Dyson.
In 2010 he was appointed to the National Academy of Science Sub Committee on advanced battery technology. The Sub Committee was responsible for assessing results of the stimulus package and developing legislative recommendations to Congress and the Executive Branch for future legislative action.
Prior to 2010 he had a long tenure at General Motors Corporation, Michigan and held many leadership roles including hybrid, electric vehicles & advanced technology batteries."
JMHO
Bill
I read that testimonial a while back and thought the same thing.
Bill
Exactly, at this time we do not have anything but D'Coutos word on the power densities the battery is putting out. We won't know the specs until NEAH publishes them.
However, He mentioned a third party battery lab in Oregon, which may or may not have been Polaris Battery Labs, what they do fits the work he needed done and if he is referencing their results, then he may be pretty accurate.
They can build, test, and characterize batteries and they can also aid startups in finding manufacturers to produce batteries if needed.
The new Lithium metal battery is not coming out of left field suddenly, it has been worked on for quite a while, and D'Couto has seemed to be taking a very well thought out plan to develop, test, demonstrate and validate the design and product. He has accomplished quite a bit with very limited resources.
The 10Q in march referenced demonstration batteries and if they passed muster, then a 100 battery order to fulfill. It would be interesting to know who that prospective customer was and what the results were.
JMHO
Bill
I agree, a potential game changer in a huge market.
JMHO
Bill
More misdirection,
Vouchers max out at 300K, if 300k not allotted, the applicants who became awardees can apply again in a different round to do more work on their products to a max of 300K for all rounds.
If you read it you know the voucher is for LAB time and scientist time at Argonne to work on NEAH's battery. Advanced Manufacturing - ie how can we make this better, cheaper, last longer.
http://access.anl.gov/facilities/#post
Good help is hard to find, when it comes in the form of a National Lab and its facilities, only people with a negative agenda can claim to be unhappy about it.
Complain away folks ! It will either crash and burn or be wildly successful.
JMHO
Bill
Nice play on words, that is not my definition of this situation that is the definition of this situation that you are trying to portray and very emphatically.
If you truly believe they will fail, just stand back and let them.
"Advanced Manufacturing: Eight projects will focus on improvements in manufacturing, including developing cheaper, more energy-efficient manufacturing methods for recycling and recovery of high value materials and for creating materials like high performance carbon, ceramics, and quantum dots used in producing turbine blades,batteries, circuit boards, and hydrogen fuel cells."
In the above do you see anything about developing a product from a patent ? Nope !
There is something about making the products better, making them cheaper..that's not a bad thing.
Let's see where the Lithium Battery development work is categorized ! DANG ! it falls under:
Vehicles: Six projects in the vehicles area will work to improve vehicle fuel efficiency, including by exploring new ways to create and improve the performance of lithium-ion batteries and by using high performance computing to test and develop new solutions faster.
There is a ton of potential there and the DOE put NEAH's battery in a category where this type of efficiency is needed so that the industry can make the shift to electric cars that can go longer distances and increase uptake by consumers. If it works well, there is a sky high revenue possibility.
The Energy Department's Office of Energy Efficiency and Renewable Energy (EERE) accelerates development and facilitates deployment of energy efficiency and renewable energy technologies and market-based solutions that strengthen U.S. energy security, environmental quality, and economic vitality. SBV is part of EERE's Technology-to-Market program. To learn more about the pilot, including eligibility and how to apply, visit www.SBV.org.
The DOE grant money is specifically to pay for the work done with the partner lab and NEAH had to pay 20% of that cost also. This is not a free ride or money for business lunches, this is money to help the small businesses break into business quicker with world class scientific assistance.
http://access.anl.gov/
If anyone can help "PROVE" and "IMPROVE" this battery ANL can.
You and others on this board may not like it, but it is happening, unless you are calling the DOE and Argonne National Laboratory liars.
JMHO
Bill
The DOE work with Argonne is actually a deconstructive analysis of an existing battery.
Not development of NEAHs theoretical imaginary construct.
Denial is strictly your choice of how to react, but don't misrepresent what is actually being done.
Bill
I agree, that is the next important step that needs to be taken to begin on a route to success.
JMHO
Bill
Round 1, Round 2 and Round 3 are separate funding opportunities.
X amount of companies funded in Round 1. NEAH was not in this group.
NEAH submitted in time for round 2. The battery was awarded in Round 2 so they can move forward with the analysis of the battery. The Fuel cell did not show as being awarded, however they may be limited to a per company award vs a per proposal award.
Round 3 is another funding round which was closing in October and now appears that the timeline may be changing.
As for announcing, I doubt that NEAH would be prohibited from announcing due to having something in round 3, as they were not prohibited in announcing that they were a semi-finalist in July.
As I mentioned, the most important thing is the validation that yes NEAH has a battery, and the worlds foremost experts on batteries in the world today will be performing a deconstructive analysis and be able to measure the degradation of the battery and maybe find a way to extend the life of the battery and improve it.
I am almost "Enthused" myself.
JMHO
Bill
The tech world goes all woozy over a 2X current lithium battery, what will happen if NEAHs 5X lithium battery is real ?
http://www.techradar.com/us/news/phone-and-communications/mobile-phones/the-smartphone-battery-breakthrough-we-ve-all-been-waiting-for-is-almost-here-1326796
I hope and D'Couto is being truthful with that, because the potential is limitless if it is.
I am confident Argonne withh be able to unlock some more potential, improving battery tech is their mission.
JMHO
Bill
Why did NEAH not announce this when the DOE updated their webpage ?
I had been keeping an eye on it and as of wed night there was no change, on thursday night it was updated, I was waiting to see something from NEAH yesterday yet nothing, not a tweet not a burp.
Why is NEAH so silent ? Do they have something else in the works keeping them quiet ?
inquiring minds want to know.
JHMO
Bill
It appears the max is $300,000.00 per voucher, the real value though is the scientific expertise and being able to utilize the National Labs advanced equipment.
This is a significant step for NEAH's battery.
JMHO
Bill
NOT $300,000.00 between 41 companies, but $15,000,000.00 between 71 companies. The battery proposal is awarded and working with Argonne.
This is not NEAH announcing, not sure what their problem is, this is the DOE announcing it.
https://www.sbv.org/
This does mean they have a battery that was worth evaluating and improving.
Bill
I hope they do ! Lets see what happens in the future.
Bill
I have never seen shareholders so adamant to celebrate the demise of a company they supposedly have shares in.
I have complained about D'Coutos' lack of transparency but never wanted the co to fail as it cements my loss, nobody really wants that, do they ?
Maybe he can't sell Fuel Cells to somebody who can buy a diesel or gas generator, or carry extra batteries.
However, the guys who buy diesel generators also have to buy batteries as "isolation" and "backup" and guys who buy batteries already would gladly buy one that lasts longer then the standard.
Hopefully D'Couto is on a positive roll with the battery strategy.
JMHO
BILL
Perhaps NEAH needs to update shareholders on its progress on its transformation to a battery company.
DOE has not published round 2 awardees yet. According to the DOE schedule for this program the awardees would have been notified by end of july.
NEAH has been completely silent on everything, unfortunately for this company silence usually means failure, or should I call it lack of success.
This is NEAH's last chance...they have not validated whether they actually have a battery that performs as said. If they did, they should have customers scrambling to buy it.
All other things NEAH proclaimed in PRs that were in the works for Q2 2016 have not been followed thru on. Can D'Couto be that busy ? or is it a lack of focus.
The ball is in NEAH's court, lets see what they do to improve their capitalization. Lies and innuendo do not cut it.
And where is that late 10q ?
JMHO
Bill
It's either a GOOD thing or a BAD thing, however the www.neahpower.com website is not reachable...
Hope they are updating their site and its not just another bill they forgot to pay.
Bill
What I mean by infrastructure is the nationwide chain of filling stations, transport companies to distribute fuel, depots for regional distribution, refineries to make fuel.
The fuel for fuel cells needs to be available for customers to buy into such a thing.
JMHO
Bill
We will see in month what I decide to call myself.
In order for averaging down to work, the price has to go up, if it doesn't, then I am a bigger bagholder than I was before.
It's the "fool me once" although with NEAH we are at the "Fool me fifty times."
In defense of D'Couto, he has been trying to sell something expensive that people are interested in and almost no one buys without government subsidies. There is no fueling infrastructure in place for Formic Acid. Most Fuel Cell companies fail and are continued only because someone else picks up the pieces.
Batteries are different, there is an established market and of they have a competitive product, they have a chance to survive, if it is really as good as they say, then they have a chance to thrive.
JMHO
Bill
That is true, on my part I have no idea whether there will be news or if it will be the same old same old from NEAH.
However, I know the DOE is very specific and transparent with regards to the rules, and timelines of their massive numbers of funding opportunities and programs.
I searched for weeks spending much time trying to find the timelines to match NEAHs claims and finally found a program which fits, now this is my speculation and not known fact. However, it fits everything down to to being a "semi-finalist".
As I said, this is my guess, and while the program said the grantees are notified at the end of July, we are midway thru august so there may be some final negotiations ( I hope ). The DOE has not published Round 2 awardees, so they may be waiting on that.
It is possible that NEAH was not selected and we will get nothing but silence on the matter.
The other option is that I do not have the correct program and we have the same old NEAH we have always had.
I did feel certain enough to buy, now we will see if I am a fool or not.
JMHO
Bill
New NEWS is a SEC violation ?
All those companies out there better stop those Nasty PR things that they do.
Bill
Yes some of us were loading up at .0003 a couple of weeks prior and then last week at .0004, this week its getting pricier.
My averaging has me at 42% down on total investment where i was previously at approx 90% down.
This stock will not have to go up much to get to break even. That is without any significant news.
That is my plan, you can sit here at whine at an average of .01 .02 or .03 or even less and maybe the stock never gets there. I prefer to improve my chances of break even...if this stock goes to .01 I will be at 900% of my original investment.
Maybe it will not get there, however, I am one decimal point from break even now.
JMHO
Bill
Yet the bid/ask did move up. I think the DOE news is close.
For this type of funding program. Rounds 1 and 2 are closed.
Round 1 has had 7 million in funding distributed to 30 plus companies.
Round 2 has closed and the Grantees have been notified, what is left to do is the final award negotiations plus they have to show the ability to fund their portion of the lab work. ( this is the round NEAH is in )
Whether NEAH was selected or not will be apparent in the near future.
If they are selected then they can publicly state which national lab they are working with.
This will also lend some validity to their claims of having a valid high performance Lithium battery design and prototypes.
This is the only way NEAH can move forward to becoming a revenue generating company, having a high performance product that is affordable and has a market already in place.
JMHO
Bill