XNRGI Inc fka NPWZ

[ShortonCash]

NPWZ had received payment of approximately $165,000 for these initial test units. This successful completion of testing is a critical milestone in completing the licensing agreement with the DRDO

Quote:
licensing agreement which we expect to be a significant contract which the Company will update at the appropriate time


BOTHELL, WA--(Marketwired - Jan 22, 2015) - 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 it had successfully completed testing of the PowerChip® units at a Defense Research and Development Organization (DRDO), Government of India facility and it had received payment of approximately $165,000 for these initial test units. This successful completion of testing is a critical milestone in completing the licensing agreement with the DRDO. The DRDO is an agency of the Republic of India, responsible for the development of technology for use by the military.

Chris D'Couto, Neah Power's Chief Executive Officer, said, "We are pleased to announce the successful testing of the PowerChip® units to the specifications provided, and to have met the needs of a key customer and government entity. This further substantiates the value proposition of the PowerChip fuel cell in terms of differentiated performance from other fuel cells, including energy density, non-air operation and semiconductor-based manufacturing, as well as the ability to meet the needs of mission critical applications. We are very excited to have met this critical milestone to completing the licensing agreement which we expect to be a significant contract which the Company will update at the appropriate time. This will enable us to further adoption for a variety of applications in our targeted industries. We are optimistic about the future growth prospects of Neah Power Systems."

Still listed as a current employee......

https://in.linkedin.com/in/pramod-shukla-0b888a50


ShortonCash Tuesday, 08/29/17 11:29:58 AM
Re: Bill_ENG post# 24407
Post #
24408
of 25568 Go
5 days ago - Current Status of Xnrgi Neah Power Systems India Private Limited is Active. Neah Power has a VP of Business Development that has been working on this relationship for 5 years and 6 months...

Don't know how much money they have it it interesting that 5 days ago they went active after a seemingly long announcement about an office in New Delhi.. that gives them an office in Seattle, Abu Dhabi, Washington and and now at WARDEN HOUSE, 1ST FLOOR, SIR P.M.ROAD, FORT MUMBAI Mumbai City

Maybe Fuel cell deal with India is the first deal to go public..?

https://in.linkedin.com/in/pramod-shukla-0b888a50
Pramod Shukla
Engineering Fellow at Neah Power Systems
Gurgaon, Haryana, India Research
Vice President Bussiness Development & Engineering Fellow
Neah Power Systems
March 2012 – Present (5 years 6 months)
Working for business development in India, South Africa & Russia for Neah Power Systems,USA a research & development company for Fuel Cell development.
Also as Engineering Fellow providing guidance in development to NPS a company with more than dozen US patent in DMFC technology.

Neah Power Systems Expands Global Footprint, Announces Office in New Delhi, India

Posted on October 30, 2013 by Neah Power
Neah Power announces appointment of Dr. Pramod Shukla as Engineering Fellow with focus on deploying technologies across Indian sub-continent

Neah Power Systems, Inc., (NPWZ.OB) http://www.neahpower.com, a developer of award-winning energy technology announced today that Dr. Pramod Shukla has joined Neah Power Systems as an Engineering Fellow. Dr. Shukla has offices at Bothell, WA and is establishing an office on behalf of the Company in New Delhi, India.

Dr. Shukla has over twenty years of increasing, high level, responsibilities in program, people, and technology transfer responsibilities with the Defense Research and Development Organization (DRDO) of India, and has served as the Counselor, Science and Technology, for the Government of India to the Embassy of India in Moscow, Russia. Prior to that, Dr. Shukla was a Captain in the Indian Navy.

Dr. D’Couto, President and CEO of Neah Power Systems stated, “We are privileged to have a person of Dr. Shukla’s stature join Neah Power. Dr. Shukla will focus on the commercialization and deployment of Neah’s technologies for defense (especially underwater) applications as well as commercial opportunities in the Indian sub-continent”.

Dr. Shukla stated, “I am pleased to be part of the team deploying a unique and compelling technology that not only serves unmet needs for defense applications, but also the fast-growing consumer and commercial markets in India and other worldwide opportunities.”

Posted in Press Releases