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Wonder what became of the this and the Large south African based entity
NEAH POWER SYSTEMS SIGNS MEMORANDUM OF UNDERSTANDING WITH SOUTH AFRICAN ENTITY

Posted on December 23, 2015 by Neah Power
Licensing deal for serving the fast growing Africa market

Bothell, WA (Date, 2015) – Neah Power Systems, Inc. (OTCBB: NPWZ, NEAH POWER) an emerging leader in fuel cell-based power solutions and rechargeable lithium battery storage solutions for defense, commercial, and consumer applications, proudly announced that the Company has signed a memorandum of understanding (MOU) with a large South Africa based entity, to license the NEAH’s technology. This license would include the PowerChip® fuel cell technology, the Formira HOD® technology and theBuzzBar technology.

Chris D’Couto, President and CEO of NEAH POWER said, “We are pleased to announce this MOU with a well-established, significant South Africa entity (SAE). As we continue to innovate and develop products, this relationship will enable cost effective manufacturing in one of the fastest growing markets for these products, as well as the ability to get high volume supply from this factory to meet our worldwide needs”.

The Company and the entity are working diligently to finalize certain financial details including upfront license payments, equipment purchase and installation support payments, and royalty payments on a go-forward basis. The Company and the SAE expect to create a joint venture where the Company would have partial ownership. The Company is expected to release more details about this important strategic venture, and expects to formalize the various agreements, in first quarter of 2016.


Miller is chairman of NEAH Global Energy Solutions, a Dubai-based holding company incorporated in 2012 to provide integrated risk-management services to oil and gas, mining and manufacturing concerns doing business in Sub-Saharan Africa.

Working remotely from Wilmington, he oversees more than 500 GES employees who keep private- and public-sector clients out of harm’s way.


http://www.wilmingtonbiz.com/entrepreneurs/2016/12/16/wilmington_executive_making_business_safer_in_africa/15608

As part of its strategy to aggressively build its commercial business lines on the African continent, NEAH GES has appointed Carlyle co-founder Stephen Norris to its advisory board. NEAH is looking to tap into his substantial private equity investment and transaction expertise as well as his rolodex of relationships to expand its business in Africa.

GES Africa’s business divisions focus on a number of industry sectors, including power generation, infrastructure, maritime, aviation, ground logistics and emergency medical services. According to the press release, the appointment is expected to boost GES relationships across Africa with potentially major clients among oil, gas, mining and heavy industry businesses, as well as with local and sovereign governments.

Stephen Norris is currently Chair of his eponymous firm, Stephen Norris Capital Partners.