NEAH APPOINTS COLONEL LAMONT WOODY AS DEFENSE ADVISOR TO THE BOARD OF DIRECTORS
Bothell, WA, October 26, 2011– NEAH Power Systems, Inc., (OTCBB: NPWZ) announced today it has appointed Col. Lamont Woody, US Army (Retired), most recently a principal of the Laconia Group, as its defense advisor to its Board of Directors. In this role, Col. Woody will advise the company in international defense and government relations and various potential collaboration, partnership and business development opportunities.
Col. Woody is a retired Army colonel who has an undergraduate degree in electronics engineering, and holds masters degrees from the Naval War College, the Army Command and General Officer Staff College, and Southwestern Oklahoma State University. Col. Woody developed multiple collaboration efforts which integrated Joint and inter-agency capabilities, opportunities, and challenges, established a joint common intelligence picture for IED (Improvised Explosive Device) targeting, electronic triggering and warfare, ISR (Intelligence, Surveillance, and Reconnaissance), weapons technical intelligence, UAV (Unmanned Aerial Vehicles), and EOD (Explosive Ordnance Disposal) robots. Col. Woody also implemented human terrain, social networking systems, and law enforcement systems and programs. Through these integration efforts, the Army achieved soldier access to near real time intelligence to detect, identify, attack, and disable insurgent networks employing IEDs. Col. Woody also directed a Joint Capability Assessment of Service IED defeat efforts, organized and executed outreach conferences for National Laboratories and Industry.
“We are honored to work with Col. Woody as we make a concerted effort to showcase our technology and solutions to potential defense customers, and further develop previously announced customer relationships. We believe that Col. Woody’s practical experience in the military, as well as his relationships within the defense industry, will allow us to identify and target potential defense and national and international security customers who can benefit from our technology.” said Dr. Chris D'Couto, President and CEO of Neah Power Systems.
Col. Woody said, “I look forward to working with Neah Power Systems to introduce Neah’s award winning power solutions to prospective defense and security customers. Portable power is becoming a critical component of our national security efforts. I believe that Neah’s unique and differentiated products can address this critical need and I am excited to be part of the team that is deploying this solution.”
About Neah Power
Neah Power Systems, Inc. is developing long-lasting, efficient and safe power solutions for the military, transportation, and for portable electronics applications. We use a unique, patented, award winning, silicon-based design for our PowerchipTM micro fuel cells that enable higher power densities, lower cost and compact form-factors, and that can run in aerobic and anaerobic modes.
Neah Power is headquartered in Bothell, Washington, and its common stock trades on the OTC Bulletin Board under the symbol "NPWZ." 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," including as to the effectiveness and cost savings from any system that we may develop, and viability and acceptance of our products and technology. These 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. These risks include, but are not limited to our ability to successfully develop systems to meet a customer’s specifications, market acceptance of our products, competitive factors, changes in the regulatory environment, and other risks and uncertainties set forth in our periodic filings with the U.S. Securities and Exchange Commission (including our Form 10-K for the fiscal year ended September 30, 2010). These forward-looking statements are based on management's expectations as of the date hereof, and we do not undertake any responsibility to update any of these statements in the future
Company Contact:
Stephen Wilson, Chief Financial Officer
Neah Power Systems, Inc.
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