Heres an article printed 2 days after Cabrera" hire. Being mentioned with GE. I think this guy has the ability to raise the PPs of NPWS .
GLTA
The Race for Electric Power, GE, NPWS
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2009-06-19 14:04:25 - GE plans to invest $100 million in a factory to build high-tech batteries for heavy equipment, which it believes could be a $1 billion business over the next decade.
GE
The largest U.S. conglomerate plans to seek federal stimulus money to fund construction of the factory, near Albany, New York. Initially the factory will make batteries for GE’s forthcoming hybrid railroad locomotive. “Battery technology is a core part of the energy future globally. We want to be a part of it,” said Jeff Immelt, chief executive of the world’s
largest maker of jet engines and electricity producing turbines.
The batteries GE will build in the New York plant will use a sodium-metal halide technology that the company believes is well suited to storing large amounts of energy. While initially rolling out to railroad locomotives, GE officials said it could also be used in utility backup systems, emergency power supplies for telecommunications providers and eventually, in a smaller scale, hybrid or plug-in electric cars.
GE’s other investments on the battery front include a $55 million stake in A123 Systems Inc, which Detroit automakers General Motors Corp and Chrysler have chosen to supply lithium-ion batteries for their next-generation electric vehicles.
The move is part of GE’s “Ecomagination” green business push, which it launched in 2005. Last year that venture generated $17 billion of revenue, ranging from sales of products such as electricity-producing wind turbines and high-efficiency jet engines to compact-fluorescent lightbulbs and highly efficient refrigerators.
Immelt said GE expects to generate $20 billion in Ecomagination revenue this year and $25 billion in 2010. He expects battery revenue to hit $500 million by 2015.
According to Market Research Worldwide Nanotechnology Thin Film Lithium-Ion Battery Market Shares Strategies, and Forecasts, 2009-2015 ”Innovative approaches to materials science and battery engineering are available from a large number of very significant companies — GE, Panasonic Sanyo / Matsushita Industrial Co., Ltd., NEC, Saft, Toshiba, BYD / Berkshire Hathaway, LG Chem, Altair Nanotechnologies, Samsung, Sony, A123 Systems with MIT technology, and Altair Nanotechnologies.
Markets for lithium-ion batteries at $911 million in 2008 are anticipated to reach $9.1 billion by 2015, growing in response to decreases in unit costs and increases. Lithiumion batteries used in cell phones and PCs, and in cordless power tools are proving the technology. Units are shipped into military markets and are used in satellites, proving the feasibility of systems. Small, lithium-ion prismatic batteries prove the feasibility of this technology. The large emerging markets are for hybrid and electric vehicles powered by renewable energy systems.”
NPWS
NEAH Power Systems, Inc., (OTCBB:NPWS), the Company developing fuel cells for the military and portable electronic devices, announced today that Ed Cabrera, Executive Managing Director of New York-based Jesup & Lamont, has joined the Company’s board of directors.
“Ed Cabrera is a significant addition to our board,” said Chris D’Couto, NEAH CEO. His wealth of experience with investment banks such as Merrill Lynch, PaineWebber and Raymond James & Associates, will bring us important strategic advice as we advance our technology into the military and commercial markets.”
Cabrera is Head of Investment Banking and Co-Head of Capital Markets at Jesup & Lamont, one of the largest broker-dealers in the rapidly-growing South of the United States. Jesup has over 340 financial consultants in 48 retail offices and 6 institutional desks that trade for over 800 institutional clients throughout the world. He has worked on Wall Street for over 20 years as an investment banker, equity analyst, market strategist and portfolio manager at Merrill Lynch, where for 11 years, he was Managing Director and Head of Latin America, building the top ranked team for the region, according to Greenwich Associate surveys and Latin Finance magazine polls. He was selected for the 2000 Millennium edition of Who’s Who in Finance and has been named to the All-America team by Institutional Investor for the quality of his work.
Cabrera is an alumnus of Harvard Graduate School of Business, in 1987, with an MBA, and has been quoted in the Wall Street Journal, on CNBC, and the New York Times.
About NEAH Power
NEAH Power Systems, Inc. (NPWS) is developing long-lasting, efficient and safe power solutions for the military and for portable electronic devices. NEAH uses a unique, patented, silicon-based design for its micro fuel cells that enable higher power densities, lower cost and compact form-factors. The company’s micro fuel cell system can run in aerobic and anaerobic modes.
About Jesup & Lamont:
Jesup & Lamont, founded in 1877, is a full-service Brokerage and Investment Banking Firm
specializing in Institutional, Retail Sales, Trading Services & Equity Research. The firm’s Corporate Finance Division identifies, structures, and executes diverse and innovative market transactions, including services and advice regarding mergers and acquisitions
, capital raising, acquisition finance, restructurings, and other corporate finance matters. Its history includes raising capital and providing brokerage services for John D. Rockefeller’s Standard Oil. Later, Rockefeller Center was constructed with funds partially provided by Jesup & Lamont. In the post-World War II period, Jesup & Lamont served on the floor of the New York Stock Exchange for firms such as Morgan, Stanley & Co., Lazard Freres and Brown Brothers Harriman. Its New York Corporate Office is located at 650 Fifth Avenue, 3rd Floor, New York, NY 10019. Tel: 212.307.2660. The Company has 19 branch offices around the U.S.
Further company information can be found at www.neahpower.com., and www.hobiecat.com.
