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Neah Power Appoints Investor Awareness, Inc. for Investor Relations Program

December 04, 2007

BOTHELL, Wash.-Neah Power Systems, Inc. (OTCBB:NPWS - News) announced it has retained the services of Investor Awareness, Inc. as its investor relations firm. Chicago-based Investor Awareness, Inc., a full service investor and media relations consulting firm, provides private and publicly traded companies with customized programs to generate awareness among members of the financial community. Investor Awareness specializes in accelerating growth in the value of small to mid-size companies.

Tony Schor, President of Investor Awareness, Inc., said, "We are pleased to work on behalf of Neah Power during this exciting phase of their growth and development. We look forward to communicating the company's compelling story to our established contacts amongst the investment community."

"Investor Awareness, Inc. will play an integral role in ensuring we reach the investment community with Neah Power's message," said Dan Rosen, Executive Chairman of Neah Power. "Neah Power has made great technological progress in developing a direct methanol micro fuel cell. In view of our current and anticipated progress and expansion, we are confident the time is right for us to generate awareness and convey our strategy for continued growth. We believe that Investor Awareness, Inc. is best qualified to help us reach our current and potential investor with our message."

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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