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Neah Power Appoints Dr. Gerard C. D'Couto President and CEO
Board Elects Paul Abramowitz Chairman

January 30, 2008

BOTHELL, Wash.-Neah Power Systems, Inc. (OTCBB:NPWS,a leading developer of fuel cells for military application and portable electronic devices, announced its board of directors has appointed Dr. Gerard C. (Chris) D'Couto as the Company's new President and Chief Executive Officer, effective February 1, 2008, and elected Paul Abramowitz as the new Chairman of the Board of Directors. Dr. D'Couto will also hold a seat on the Board and Dr. Daniel Rosen, who has served as Executive Chairman, will serve as Director.

"After steering Neah Power through its first years as a public company, its gives me great pleasure to tender the position of President and CEO to Dr. D'Couto," said Abramowitz. "Dr. D'Couto brings Neah product development, sales and marketing executive experience from leading technology companies. These skills will be extremely valuable to Neah Power as the Company focuses on its commercialization efforts."

Dr. D'Couto, 41, has served as the Company's Chief Operating Officer since September 2007. An industry veteran with a proven track record in technology development, product marketing, sales, and new product introduction, he has previously worked at Formfactor, Inc., Novellus Systems, Varian Associates and Intel Corporation.

Dr. D'Couto stated, "With the successful completion of our prototype and ongoing progress, Neah begins transitioning its focus from development to commercialization. We are newly energized and looking forward to moving from our prototype to commercial products directed to military and porta?le electronic markets."

About Neah Power Systems

Neah Power Systems, Inc. is a leading developer of fuel cells for military applications, notebook computers and portable electronic devices. The company's patented, porous silicon-based design will provide long-lasting, efficient and safe power solutions. As an emerging leader in fuel cell technology, Neah Power's products will allow users to extend the operating time of 10 to 100 watt devices multiple times beyond that of conventional batteries. Further company information can be found at our website: www.neahpower.com.

Forward Looking Statements

Except for statements of historical fact, the matters discussed in this press release are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, limited operating history, research and prototype delays, difficulties in developing and commercializing new technologies, and additional risk factors as discussed in the reports filed by the company with the Securities and Exchange Commission, which are available on its website at: http://www.sec.gov.

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