Replies to post #20594 on XNRGI Inc fka NPWZ

[mulla71]

So news Tuesday ptehaps

[tripleDz]

We shall see.... Way overdue

[tripleDz]

New tweet!! Glad to see we're finally gonna get an update;)

[XNRGI2008]

CEO has had enough time at the helm now. There should be some sort of real substance. We are all sick of the same from this company. All talk no results.

[ShortonCash]

Prior Updates leaves room good news on a variety of fronts.

Ongoing commercialization and exciting developments at the Company

BOTHELL, WA – March 16, 2016 – Neah Power Systems, Inc. (OTCBB: NPWZ) (OTC: NPWZ) – today issued the following letter to shareholders:

Dear Fellow Shareholders:

We are enthused about the ongoing capitalization and commercialization activities at the Company and the opportunity to share these developments with you. For recent followers of the Company, we want to highlight our key products. 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 under development that has shown industry leading performance. All of our products and technologies are covered by 14 patents, 12 pending patent applications and various trade secrets and know how.

Capitalization: Our previously announced financing of $6M in debt financing, with a $4.75M drawdown at closing has been delayed but the investor updates us constantly. They have reported receiving funds from their investor now for the last eight weeks, and once various banking and fund set up fees have been paid, they have stated they will start funding NEAH. This investor has a very credible multi-year track record of investing in market disrupting emerging technology companies. The details of this investment were previously disclosed in the December 2015 letter to shareholders. The financing is critical to execute on the business plan of the Company. The Company is also evaluating other financing options.

Business update:

NEAH was invited to participate in the White House briefing on Feb 17. We have had various commercialization and capitalization discussions occur based on the networking at that event. As a direct result of attending the White House conference on Climate Change, we have been invited to attend three USTDA Reverse Trade Missions Focused on Energy Storage. The delegates are senior officials from South Africa, Jordon, Brazil, Colombia, India, the Philippines, Turkey and Vietnam.
I recently visited the United Arab Emirates (UAE) to explore certain licensing relationships to implement manufacturing and other partnership agreements. There is tremendous interest with the entities I met with to develop UAE into a renewable energy focused hub. We continue to explore and to finalize a mutually beneficial business relationship here.
We are in discussions with the Economic Development Authority of State in the USA regarding relocating to that State to enable their focus on renewable energy and battery storage. We expect this to get finalized in Q2 2016.
We continue to make progress on the previously announced MOU with a South Africa entity. We are in almost daily discussions with them, and are targeting an agreement with them by end of Q2 2016. This will provide a key production pathway for meeting our customer needs.
We have been negotiating a licensing agreement with an entity in India for the BuzzBar Suite and the Formira HOD products. India has been identified as one of the fastest growing markets for off-grid power, and this relationship can enable NEAH products to serve this region.
We have been negotiating a Formira HOD licensing with a group in Taiwan for the Greater China Region. Similar to India, the demand for off-grid power is significant, and continuing to grow in this region. This licensee partner is expected to visit us in the near future which will enable us to complete the anticipated transaction.
Our discussions with the DRDO are ongoing, and we expect to schedule a visit in Q2 2016.
We plan to submit for two separate grants for certain DOE funding with a National Laboratory in the US during the next 30 days.
Finally, the PowerChip® Battery continues to get tremendous interest from consumers and commercial entities. We are negotiating preliminary orders for this product, and due to the outsourced manufacturing model, we believe we can manufacture this very capital efficiently
While our capitalization situation is very challenging, the management is diligently working to complete various capitalization and commercialization activities that will help unlock the potential of the Company. We are pursuing licensing agreements initially since that would enable licensee partners to create manufacturing infrastructure to meet their needs but also the needs of NEAH.

Thank you for your continued support, and best regards,

Chris D’Couto
President & CEO
http://neahpower.com/author/awilliams/



NEAH POWER SYSTEMS WINS U. S. Department of Energy grant for lithium metal battery

Posted on August 23, 2016 by Neah Power
BATTERY characterization by Argonne National laboratory

Bothell, WA (August 23, 2016) – Neah Power Systems, Inc. (OTCBB: NPWZ, NEAH POWER) an emerging leader in high density rechargeable lithium metal battery storage solutions for defense, commercial, and consumer applications, is pleased to announce that it won a grant from the U.S. Department of Energy through the Small Business Vouchers Pilot Program. http://energy.gov/technologytransitions/articles/energy-department-awards-43-new-business-laboratory-collaborations

The NEAH PowerChip® Battery is the first battery to be made with high volume capable microchip manufacturing technology in semiconductor facilities (foundries) throughout the world. NEAH and numerous electrochemical engineers worldwide envision this new NEAH Battery architecture as transformative as it will change the way batteries are made, used and perform. The proprietary architecture of the PowerChip® Battery brings batteries into the microchip era, using the same manufacturing technologies that made television sets, cell phones, laptops and a variety of devices more compact with superior performance at lower cost. While initially targeted for consumer oriented applications, the battery technology could be used for automotive and defense applications as well.

Dr. Chris D’Couto, President & CEO of NEAH said, “We look forward to working closely with Argonne National Laboratory, which is uniquely qualified to characterize the performance metrics associated with our unique battery architecture. This unique 3D architecture using lithium metal anodes enables more than five times the performance of batteries in production today. We at NEAH believe that the characterization of the battery by Argonne National Laboratory will further enhance the performance and manufacturability of the battery. It will also help us understand the most critical electrochemical reactions. This DOE/Argonne relationship will provide advanced technology learnings, leapfrogging what would be possible in a privately held laboratory.

About the Small Business Vouchers Pilot

The U.S. Department of Energy Small Business Vouchers Pilot is a collaborative, national effort that provides $20M for U.S. companies to work with National Laboratories. Vouchers focus on nine clean energy technologies.

The SBV Pilot is an initiative of the U.S. Department of Energy, DOE’s Office of Energy Efficiency & Renewable Energy, and participating DOE national labs.

About Neah Power Systems, Inc.

Neah Power’s core fuel cell solutions have a small form factor, recharge instantly, and operable in air and non-air environments, providing a longer life with lower total cost of ownership. The PowerChip® battery leverages the proven silicon architecture to build a rechargeable lithium battery that is demonstrating industry leading performance. Neah Power’s Solutions offerings include the patented and patent pending PowerChip®, Formira® and the BuzzBar Suite® of products. For more information please visit www.neahpower.com.

In the battery submission, the focus is on characterizing the battery and performing a deconstruction analysis to determine methods to increase the energy density and / or increase the lifetime of the battery.



Posted in Press Releases
NEAH Power systems ISSUES Letter to Shareholders – March 2016

Posted on March 16, 2016 by Neah Power


Business update:

NEAH was invited to participate in the White House briefing on Feb 17. We have had various commercialization and capitalization discussions occur based on the networking at that event. As a direct result of attending the White House conference on Climate Change, we have been invited to attend three USTDA Reverse Trade Missions Focused on Energy Storage. The delegates are senior officials from South Africa, Jordon, Brazil, Colombia, India, the Philippines, Turkey and Vietnam.
I recently visited the United Arab Emirates (UAE) to explore certain licensing relationships to implement manufacturing and other partnership agreements. There is tremendous interest with the entities I met with to develop UAE into a renewable energy focused hub. We continue to explore and to finalize a mutually beneficial business relationship here.
We are in discussions with the Economic Development Authority of State in the USA regarding relocating to that State to enable their focus on renewable energy and battery storage. We expect this to get finalized in Q2 2016.
We continue to make progress on the previously announced MOU with a South Africa entity. We are in almost daily discussions with them, and are targeting an agreement with them by end of Q2 2016. This will provide a key production pathway for meeting our customer needs.
We have been negotiating a licensing agreement with an entity in India for the BuzzBar Suite and the Formira HOD products. India has been identified as one of the fastest growing markets for off-grid power, and this relationship can enable NEAH products to serve this region.
We have been negotiating a Formira HOD licensing with a group in Taiwan for the Greater China Region. Similar to India, the demand for off-grid power is significant, and continuing to grow in this region. This licensee partner is expected to visit us in the near future which will enable us to complete the anticipated transaction.
Our discussions with the DRDO are ongoing, and we expect to schedule a visit in Q2 2016.
We plan to submit for two separate grants for certain DOE funding with a National Laboratory in the US during the next 30 days.
Finally, the PowerChip® Battery continues to get tremendous interest from consumers and commercial entities. We are negotiating preliminary orders for this product, and due to the outsourced manufacturing model, we believe we can manufacture this very capital efficiently
While our capitalization situation is very challenging, the management is diligently working to complete various capitalization and commercialization activities that will help unlock the potential of the Company. We are pursuing licensing agreements initially since that would enable licensee partners to create manufacturing infrastructure to meet their needs but also the needs of NEAH.

Thank you for your continued support, and best regards,

Chris D’Couto
President & CEO



Bothell, WA (Feb 16, 2016) – Neah Power Systems, Inc. (OTCBB: NPWZ, NEAH) an emerging leader in fuel cell-based power solutions and rechargeable lithium battery storage solutions for defense, commercial, and consumer applications, proudly announced that Dr. Chris D’Couto, President & CEO, was invited to attending a White House Business Council briefing on February 17 2016 on renewable energy and climate change.

The White House Business Council and Business Forward are organizing the briefing at the White House with senior Administration officials on Wednesday, February 17 to discuss efforts to make America the world leader in sustainable energy production and methods for mitigating the effects of severe weather. Dr. D’Couto and others will brief senior Administration officials on how the government can help spur investments that will bring new energy products and solutions to market.

Dr. Chris D’Couto, President & CEO of NEAH, said, “I am honored to be invited to this prestigious event and to participate in solving one of the most pressing issues of our time. This is a generational issue and a legacy that we will leave our children and grandchildren. The leadership by the White House Business Council and Business Forward is commendable and I look forward to making our country a leader in the clean tech arena, while creating high quality jobs and offering world-class solutions.

Dr. D’Couto further added, “We believe that the NEAH PowerChip® fuel cell, the Formira Hydrogen-on-demand products, and the PowerChip® battery product under development, besides offering very differentiated and cost effective solutions for off-grid power and hydrogen-on-demand, will help mitigate global warming and make our country a leader in the clean energy landscape.”

EMORANDUM OF UNDERSTANDING WITH SOUTH AFRICAN ENTITY

Posted on December 23, 2015 by Neah Power
Licensing deal for serving the fast growing Africa market

Bothell, WA (Date, 2015) – Neah Power Systems, Inc. (OTCBB: NPWZ, NEAH POWER) an emerging leader in fuel cell-based power solutions and rechargeable lithium battery storage solutions for defense, commercial, and consumer applications, proudly announced that the Company has signed a memorandum of understanding (MOU) with a large South Africa based entity, to license the NEAH’s technology. This license would include the PowerChip® fuel cell technology, the Formira HOD® technology and theBuzzBar technology.

Chris D’Couto, President and CEO of NEAH POWER said, “We are pleased to announce this MOU with a well-established, significant South Africa entity (SAE). As we continue to innovate and develop products, this relationship will enable cost effective manufacturing in one of the fastest growing markets for these products, as well as the ability to get high volume supply from this factory to meet our worldwide needs”.

The Company and the entity are working diligently to finalize certain financial details including upfront license payments, equipment purchase and installation support payments, and royalty payments on a go-forward basis. The Company and the SAE expect to create a joint venture where the Company would have partial ownership. The Company is expected to release more details about this important strategic venture, and expects [color=red]to formalize the various agreements, in first quarter of 2016[/color].


BOTHELL, WA – Dec 1, 2015 – Neah Power Systems, Inc. (OTCBB: NPWZ) (OTC: NPWZ) – today issued the following letter to shareholders:

Dear Fellow Shareholders:
Continuing from Part I from yesterday, please see Part II, the update on the various business initiatives

Status of the Shorai Acquisition

Due to the lack of transaction financing, we have decided to postpone the Shorai Acquisition until a larger financing can be closed.

Status of Certain Business Development Initiatives:

Below is a summary of some of the Company’s business development initiatives which, together with other public disclosures made by the Company (including those contained in our most recently published letter to shareholders), should be taken into consideration when considering a loan or investment.

Formira HOD®

NEAH recently released an improved version of the Formira HOD, with BASF, the German Chemical Company, as a preferred supplier for the Formira fuel.

To date, NEAH Power has entered into various teaming agreements with system integrators and manufacturers to incorporate our products into their platforms, as well as resell our products to their customers. In addition, we are presently negotiating an order for several demonstration units with Clear Path Technologies, a leading security and defense system integrator which is developing markets for our fuel cell products in the U.S., Asia Pacific, and MENA regions.

A recently released video including a technical overview and demonstration of our Formira HOD® system can be found at the following link:

( https://www.youtube.com/watch?v=NQiQ-I77DPc)

DRDO Licensing

NEAH has recently been in high level communications with the DRDO. This has been driven by the recent appointment of the DRDO chief, whose position remained vacant for almost 5 months, since the termination of the previous DRDO chief in Jan 2015. This has created tremendous positive momentum to finalize the licensing proposal that was previously submitted to the DRDO. We are in commercial close at this time, pending a specific date for negotiation and finalization of the licensing agreement.

PowerChip® Battery Update

So far the performance of the battery has exceeded expectations, such that we have begun to discuss developmental and licensing opportunities with leading battery manufacturers, system integrators, and other companies involved in, or seeking entry into, the very lucrative energy storage sector. We are currently in preliminary discussions with consumer and computing companies, battery manufacturers, and parties who have expressed interest in investing directly into the battery opportunity. Any such direct investment into the battery opportunity could potentially lead to a spin out of this technology.

Customer Sales / Licensing Discussions

The Company is also actively engaged in the following sales and licensing initiatives which are expected to deliver results and sales revenues in the near term:

We have a non-binding MOU for a strategic Joint Venture with a South African Consortium comprised of a Provincial Government and Platinum Mining Conglomerates regarding the sale and transfer of a license to produce NEAH Power’s fuel cell products for sale in Africa and the Middle East. Said JV is expected to generate significant revenues, as well as provide a preferred source of raw materials for the production of NEAH Power fuel cells and reformers. This JV is expected to generate short term revenue and ongoing royalty payments creating significant long term value for the Company. We are finalizing dates to visit, and to potentially execute final documents during the visit, for this initiative.
Our Teaming Agreements with Clear Path Technologies, Tectonica (Pvt) Ltd, S4W Technologies, Silent Falcon and Black-I Robotics, to integrate NEAH Power’s power generation and energy storage technologies in mature product lines with established customer bases, while rapidly and cost-effectively developing global markets for its products. Some of the licensing agreements under negotiation, discussed in Part I, developed from these Teaming agreements. Anticipated sales revenues under these teaming agreements is expected to reach $20mm in three years.
We are discussing a strategic Joint Venture with a Street [b[color=red]]Furniture/Outdoor Advertising company regarding the sale and integration of NEAH Power’s remote power solutions for long-term operation of public advertising displays to be installed under existing municipal contracts. Anticipated sales revenues under this JV is expected to reach $6mm in two years[/color].
Thank you for your continued support, and best regards,

Chris D’Couto
President & CEO

[mulla71]

Oh oh working on the ATM!!!

[mulla71]

Let's see the transparency on this one!!

[mulla71]

I'm wondering who you are with the company?

[mulla71]

LOL LOL
"Our CEO will be updating shareholders via a letter to shareholders within the next week. Stay tuned!!"

[Bill_ENG]

A few questions for you Neah Power Systems.

The following is from the 10Q for the Quarterly period ending in March 2016 and filed August 22, 2016.

"The Company entered into an agreement with a prospective customer to provide 100 batteries. A $10,000 deposit was received, with the balance of an additional $10,000 to be paid if seven prototype batteries pass tests and certification. Then the order would be completed for 100 units. "

Were 7 batteries built and passed certification ?
Were 100 batteries built or ordered ?

Has even 1 battery made it into a device to power it for 5 times longer ?

Have any Batteries been delivered to Argonne National Labs for study ?

Your shareholders would like to know what they are actually invested in.

Bill

[mulla71]

Your staying the course of update BS!!!

[mulla71]

Lol where is your "Fake News" update? Seems to me you tried to prime the pump with your BS and looks like it has not worked out so well!!! Lol... So when is your BS UPDATE GOING TO COME OUT Mr. Neah Power system? Please do tell!!!