BOTHELL, Wash., Feb. 23, 2010 - Neah Power Systems, Inc., ('Neah') (OTCBB:NPWZ - News) www.neahpower.com, the company developing fuel cell based renewable energy solutions, reported that Professor Somyos, leading Neah's scientific development team in Bangkok, is building a 300 HP hybrid automobile engine incorporating Neah's unique, patented, methanol-powered fuel cell. According to Somyos, the prototype engine will be available for road testing within 90-120 days.
The development of the engine will see the first automotive use of the Eco-Start, a new technology that is an innovative new type of motor soft-start technology that can extend lithium ion battery life by up to 40% in electric vehicles. Professor Somyos noted, "We are well positioned to be a major supplier of technology and finished products to the automobile sector, where just in Thailand, production will rise by 40% this year to 1.4 million units."
The Eco-Start has been tested extensively in residential and commercial premises, delivering massive savings in electrical usage. The Eco-Start device will be in retail production for stationary applications in June. A number of pre-orders have been placed for the device.
About NEAH Power
NEAH Power Systems, Inc. (NPWZ) 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.
Further company information can be found at www.neahpower.com.
Forward-Looking Statements
Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements," which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. See Neah Power System's Form 10-KSB for the fiscal year ended September 30, 2008 for a discussion of such risks, uncertainties and other factors. These forward-looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future.
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