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Neah Power Published in Green Business Quarterly Magazine

July 31, 2008

Neah Power Systems, Inc., (OTCBB: NPWS - News), a leading developer of fuel cells for military, industrial and consumer portable electronic devices, was published in the most recent issue of Green Business Quarterly..

The article published discussed Neah Power's transition to using larger silicon electrodes for higher volumetric energy density. The magazine spotlighted Neah for "doing more with less."

Green Business Quarterly highlights companies which are creating a more environmentally friendly business industry through sustainability and energy alternatives. This publisher researches multiple facets in the business industry and features those which are leading others into a more sustainable environment through their technique and approach. For more information regarding Green Business Quarterly, please visit www.greenbusinessquarterly.com.

For more information regarding Neah Power or to read the complete article, please visit www.neahpower.com

Click here to read the complete Green Business Quarterly article.

About Neah Power Systems

Neah Power Systems, Inc. (NPWS) is developing long-lasting, efficient and safe power solutions for portable electronic devices, including notebook PCs, military radios and other power-hungry products. The market size for portable power is estimated in the multi-billion dollar range by the research group Frost and Sullivan. Neah Power uses a unique, patented, silicon-based design for its micro fuel cells that enable higher power densities. This enables lighter-weight, smaller form-factors and lower cost products, as well as an outsourced manufacturing model. The company's working micro fuel cell prototype, which was demonstrated on September 28, 2007, runs as a closed-loop system without requiring air as an oxidant. 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.

For More Information

For press inquiries or
additional information,
please email
ir@neahpower.com.