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Neah Power Names Dr. Gerard C. D’Couto as Chief Operating Officer

Experienced Semiconductor Executive to Lead Commercialization of Fuel Cell

September 5, 2007

BOTHELL, Wash. – September 5, 2007 (BUSINESS WIRE)—Neah Power Systems, Inc. (OTCBB: NPWS), a leading developer of fuel cells for military applications, notebook computers and portable electronic devices, appointed Dr. Gerard C. (Chris) D’Couto as chief operating officer, a new position at the company.

Dan Rosen, chairman of the company, stated, “As Neah Power moves beyond the research and development stage, we need to turn our breakthrough porous silicon fuel cell technology into a commercial product for powering military and consumer electronics devices. Chris has a proven track record of technology development, sales and marketing, with deep experience fostering growth from conception to commercialization. Having spent more than a decade in thin films processing and semiconductor technology, Chris has demonstrated unique skills that are directly applicable to Neah Power’s fuel cell product development and market strategy. We are excited someone with his talent and knowledge has joined Neah Power to help us position for success.”

D’Couto most recently served as senior director of marketing at FormFactor Inc., where he headed the launch of NAND flash and DRAM sort probe cards that are critical to the ongoing success of the company. Before FormFactor, D’Couto had a nine-year tenure at Novellus Systems, Inc., with positions of increasing responsibility ranging from product management to technology development and sales. Prior to that, D’Couto had worked at Varian Associates and as a consultant to Intel Corporation.

D’Couto received a bachelor’s degree in chemical engineering from the Coimbatore Institute of Technology in India and has a master’s and a doctoral degree in chemical engineering from Clarkson University, NY. He also earned an MBA from the Haas School of Business at the University of California, Berkeley.

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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