Well the rumors about the UK and UAE could be true.. It could be IKEA and Daimler.....and Globalfoundries......from prior guidance
This is more current than many if not most pink stocks. IMHO just saying
Business development and capital sourcing: This continues to be a challenge for the Company, and we are pursuing various financing and licensing avenues in different regions of the world.
I was in China in December 2016 for discussions related to the licensing of the Company products, due to the emphasis on the hydrogen economy in China. A NY Times, Jan 05 2017, report indicates that the China government is expected to spend about $350B between now and 2020 to deploy a hydrogen economy. The Company representatives, including myself, are scheduled to travel again to China during 25th - 31st March 2017 to further the dialog on the battery technology and the hydrogen technology.
Separately, I was traveling in the UAE and the UK in January 2017, to pursue funding and / or licensing avenues and we continue to have dialog with these entities.
We recently added Mr. Paul Sidlo to the Board of Directors. Mr. Sidlo, an accomplished executive and technology visionary is based out of Abu Dhabi, and is managing various relationships in the region that are critical to the future success of the Company.
We are in the process of shipping samples to Argonne National Laboratory related to the PowerChip® battery. We are very optimistic about the performance of the battery based on the performance we have seen to date.
Thank you for your continued support and best regards,
Chris D'Couto
President and CEO
We have the PowerChip® anaerobic (non-air) fuel cell, most recently accepted by the Defense Research and Development Organization (DRDO) of the Government of India. We also have the Formira Hydrogen on Demand (Formira HOD), the most energy dense solution for the generation of hydrogen from a safe liquid source. The BuzzBar Suite is an off-grid charging solution for consumer and commercial applications. We shipped our BuzzBar Gen2 product, and have a Gen3 design that will ship once we close the next round of financing. Finally, we have the PowerChip® Battery which recently received a grant from the U.S. Department of Energy in the advanced manufacturing category in partnership with Argonne National Laboratory. All of our products and technologies are covered by 15 patents, 11 pending patent applications and various trade secrets and know how.
Neah Power Systems Company Update - March 2017
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Neah Power Systems, Inc.
Mar 27, 2017, 08:00 ET
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BOTHELL, Washington, March 27, 2017 /PRNewswire/ --
