CORAL SPRINGS, Florida, July 20, 2015 /PRNewswire/ --
Research is showing the global market for hydrogen fuel cells is expected to continue grow at an impressive pace according to Grand View Research, due to an increasing shift toward renewable energies. Portable applications dominated the market for the energy sources while being driven by military applications and other markets requiring energy on-the-go. High Tech companies in the fuel cell and portable energy sector are Neah Power Systems, Inc. (OTCBB: NPWZ), Ballard Power Systems (NASDAQ: BLDP), FuelCell Energy, Inc. (NASDAQ: FCEL), Energizer Holdings (NYSE: ENR) and Plug Power Inc. (NASDAQ: PLUG)
Neah Power Systems, Inc. (OTC: NPWZ) News - June 2015 Update to Shareholders - Continued Commercialization and Product Progress - To Our Shareholders: As a supplement to our latest quarterly filing, and follow on to the previous letter to shareholders, I want to provide you with a brief report on the status of our Company operations as well as relate the progress achieved by our management in advancing efforts to commercialize, license and sell NEAH Power's industry leading technologies and products. Some of our other communication forums were not as effective, in our opinion, so we will communicate directly to you through monthly shareholder letters, as well as responding to valid queries directed to the Company (info@neahpower.com)
Neah Power announced the successful completion of testing of three PowerChip® units with the Defense Research and Development Organization (DRDO) of the Government of India. These units were manufactured and shipped against a traditional open purchase order, and subsequently paid for. "We look forward to announcing more exciting news and milestones very soon! As we develop the numerous opportunities at hand, expand our business development efforts going forward, and secure the necessary capital to fully execute our plan, management will continue working hard to accomplish the mission. Our success is only achieved with the tireless work of our employees, the support of our shareholders, the diligent governance of our Board of Directors, and the expert guidance of our Strategic Advisory Board." Chris D'Couto, President & CEO