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Neah Power Systems Appoints Daniel Rosen to Executive Chairman

August 20, 2007

BOTHELL, Wash. Neah Power Systems, Inc. (OTCBB:NPWS – News), a leading developer of fuel cells for military applications, notebook computers and portable electronic devices, appointed Daniel Rosen, Ph.D., to executive chairman, extending Rosen’s previous role as chairman of Neah Power Systems’ board of directors, a position he held since June 2000.

Rosen is also a member of Neah Power System’s Technical Advisory Board. As executive chairman, Rosen will become the primary spokesperson for Neah Power Systems.

“Neah Power Systems is at a crossroads,” Rosen said. “After seven years of innovation, Neah has harnessed its unique and patented porous silicon fuel cell technology, and we believe we are well positioned to penetrate the fuel cell market.”

The military market for fuel cells is estimated to grow to over $1.6 billion by 2010, and the market for rechargeable batteries is over $9 billion annually by 2010, both according to NanoMarkets.

“As executive chairman, Dan will be well poised to share our vision for how Neah Power Systems’ unique approach to fuel cells will enable us to succeed,” said CEO Paul Abramowitz. “Portable fuel cells are on the brink of explosive growth, and Dan will tell our story to the market at large and the investment community.”

“Dan has been instrumental in the development and evolution of Neah Power Systems’ growth strategy,” commented Leroy Ohlsen, chief technology officer and director.

“While computer and communications networks are increasingly wireless, consumers are still tethered to the wall for power,” added Rosen. “We believe our porous silicon fuel cells will produce the essential power, size and weight advantages needed to power the mobile world.”

Rosen has been involved with Neah Power Systems for nine years. He led the original angel investment round in Neah Power Systems in 1998, and then led the first institutional round in 2000. His unique technology and computing background allowed him to recognize the shortcomings of the current proton exchange membrane direct methanol micro fuel cells (PEM DMFCs), as well as the need in the computer and communications industries for a better portable power solution.

Rosen is CEO of Dan Rosen & Associates, a business he founded in 2006. Prior to which, he was the founding general partner for six years at Frazier Technology Ventures, which he co-founded in 2000. Previously, Rosen served in several executive posts while at Microsoft Corporation, including general manager of new technology at Microsoft Research and general manager, MSN Network. Earlier in his career, Rosen was the VP and general manager of AT&T’s first consumer Internet offering and was also AT&T’s first managing director for Northern & Eastern Europe. Rosen began his professional career at Bell Labs.

Rosen holds a Ph.D. in biophysics from the University of California San Diego and a B.A. in biology from Brandeis University. Rosen also chairs the Alliance of Angels and is on the University of Washington Technology Transfer Advisory Board, the Technology Alliance, and the Seattle Humane Society.

About Neah Power Systems

Neah Power Systems is a micro fuel cell development company using a patented, silicon-based design to provide long-lasting, efficient and safe power solutions for portable electronic devices, including notebook PCs and other power-hungry computer, entertainment, and communications products. As an emerging leader in fuel cell technology and design, Neah Power Systems believes that its products will allow users to extend the operating time of their devices multiple times beyond that of conventional batteries. Key investors include Alta Partners, Frazier Technology Ventures, Castile Ventures, WestAM and Intel Capital. Neah Power Systems is headquartered just outside of Seattle in Bothell, Washington. Further company information can be found at our Website www.neahpower.com and in the reports that we file with the Securities and Exchange Commission, which are accessible at www.sec.gov.

Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects”, “intends”, “anticipates”, “will”, or “plans” to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company’’s reports and registration statements filed with the Securities and Exchange Commission.

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