XNRGI Inc fka NPWZ

[ShortonCash]

The press release says 6 pending patents the 10k said 8 maybe 2 are now complete..

The one of the first companies going way back was an Indian scooter company...so this is right back to the beginning...makes sense the the DRDO India needs something other than oil...

Neah Power Systems, Inc.





ANNUAL REPORT ON FORM 10-K FOR THE PERIOD ENDED SEPTEMBER 30, 2014

We have an intellectual property portfolio consisting of 14 issued patents, [color=red][/color]8[color=red][/color] patents pending, that are being developed and various trade secrets for our proprietary technology. We use a unique, patented and award winning, silicon-based design for our Powerchip™ micro fuel cells that enable higher power densities, lower cost and compact form-factors. The PowerChip™ technology has been recognized for both its innovativeness and its application potential from noted sources including the 2012 ZINO Green finalist, the 2010 WTIA finalist, 2010 Best of What’s New Popular Science and other awards.

Strategy and Current Business

We continue to explore licensing and product sales opportunities with leading defense, commercial and consumer companies. Our discussions with potential customers include, but are not limited only to, the following:

· Continuing discussions with the DRDO to license our technology for production and use for India military applications.
· We have a letter of interest with a large U.S. based aerospace company, and we have provided a scope of work with detailed milestones and a commercial proposal for commercial aviation applications. Depending on the availability of sufficient funding, our plans for fiscal 2015 include progress on various milestones related to this scope of work.
· We have commercial proposals for the BuzzBar™ technology to a large consumer company who has expressed interest in this product.
· A large commercial entity in India has expressed significant interest in the BuzzBar™ suite of products, and as part of the initial limited production run, we have shipped units to this customer for evaluation.
· We continue to submit grant proposals to various defense agencies for both the PowerChip™ and the BuzzBar™ technologies. These are jointly submitted with the defense supplier and other parties.

Our business model includes the potential to license the manufacturing of our fuel cells or to purchase product directly from the Company. We believe that our licensing strategy will be particularly attractive to customers who have access to their own computer chip manufacturing capacity, because our products can be manufactured with existing equipment used in the semiconductor industry without significant capital outlays for new equipment.