Neah Power Systems, Inc. (OTCBB: NPWZ) announced that the Boeing Company is exploring areas of collaboration to deploy our patented, award-winning PowerChip™ technology to various distributed power sources on Boeing's current and future airplane and ground systems. The current trend in the aircraft industry is the "More Electric Aircraft" (MEA), which focuses on replacing mechanical and hydraulic systems with electrical systems to accommodate ever increasing power requirements. In a letter to our company, a representative of Boeing Commercial Airplanes states, "One of the key technologies that Boeing is evaluating for future airplanes are fuel cell systems used for the generation of airplane electrical power. We believe that Neah's technology will help Boeing achieve the objective of greener airplanes in the future. The development of a fuel cell system meeting Boeing's requirements is a crucial step toward proving the potential for successful deployment of this technology. Boeing would work with Neah on the prototypes for internal validation, developing and engineering the air-worthiness of the system, various certifications needed, and system integration with airplane and ground applications."
Our PowerChip™ power stack systems provide higher energy densities and lower weight than current comparable fuel cells. This could translate into substantial fuel and cost savings. With successful implementation, this could give Boeing Commercial Airplanes a competitive edge in the MEA market place.
Dr. Chris D'Couto, CEO, Neah Power Systems, said "Our fuel cells offer clean and efficient energy generation and we are delighted to work with Boeing, a market leader, in implementing cutting edge solutions into their designs for airplane and ground applications."
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