World Markets – Competing Not Only With Fuel Cells, But Batteries as Well
One of the comments in the current rumor of Indian investors was the concern for the low market cap and with the IP value of the best batteries ( most powerful, light weight and low cost and safe )
There are several markets where fuel cell manufacturers are finding not only sales, but repeat customers, for their products. These include large stationary fuel cells to power buildings; small stationary fuel cells for telecom and residential applications; portable power for military use and other mobile applications; as a replacement for battery power in materials handling applications; as primary power or auxiliary power units (APU) in a variety of transportation applications (passenger vehicles, buses, trucks); and hydrogen production and storage
Intellectual Property – 2013 Acquisition of Tekion Assets Over the years the company has amassed a substantial stable of 14 patents, and various pending patents and patent applications. In late 2011, an independent, professional IP evaluation company, Dolcera Corp., assessed Neah Power’s patent portfolio and determined a valuation range of approximately $800 million to $1.6 billion. This valuation was based on the projected growth rates in various markets, the ability of the company to garner market share, and the types of royalty arrangements that can be reasonably expected. All this is contingent upon the uniqueness of the company’s proprietary technology. The company’s patents are slated to expire in the years 2020 - 2030. The acquisition of Tekion’s assets in November, 2013 brought to Neah Power several of the above mentioned patents and the capability to build upon its silicon and formic acid technologies. It is upon these new and innovative technologies that the promise of long-term growth has been based. It stands to reason that the value of the assets from the Tekion acquisition reinforces the overall valuation of the company.
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