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Neah Power Granted US Patent for Bonding Electrodes into Cell and Multicell Assemblies

November 8, 2006

Seattle, WA—Neah Power Systems, Inc. (Pink Sheets:NPWS – News), a Nevada corporation announces that it has been issued U.S. Patent No. 7,118,822 titled “Fuel Cell Electrode Pair Assemblies and Related Methods.”

Neah’s patented porous silicon fuel cell technology is able to leverage the existing infrastructure of microelectronic packaging technology for semiconductor, photonic and MEMS applications. The electrode bonding and packaging techniques covered in this patent will enable a Neah Fuel Cell to fit into in a small package or container. In contrast to other fuel cells for portable applications, Neah’s direct methanol fuel cell (DMFC) will utilize existing technology employed in the silicon processing industry to economically mass produce its fuel cells.

“One key challenge facing the fuel cell industry today is making a fuel cell that can be manufactured economically and fit into a form factor that is consistent with market demands. This will require both creating new ways of packaging fuel cells as well as adapting existing technologies,” said Dan Rosen, Ph.D., Chairman of Neah Power. “The claims covered in our newly issued patent, provides the techniques necessary to simplify the assembly process of our porous silicon-based fuel cell which in turn creates manufacturing efficiencies and thus lowers costs.”

Subsequently, Neah now owns a total of eight patents, with additional pending patent applications filed. Prototypes are currently being developed, and if successful, have the potential to increase the operating time of portable electronic devices multiple times beyond that of conventional batteries.

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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