posted
I don't know much about this stock other than it's going up nice and easy with very minimal selling throughout the day and that this is their website: http://www.neahpower.com/
Neah Power Systems Announces Achievement of Micro Fuel Cell Technical Milestone Demonstrates High Power Output from Innovative Silicon-Based "Engine"
April 27, 2005 - Neah Power Systems, Inc., an emerging leader in micro fuel cell technology, today announced the achievement of a major technical milestone. A fully integrated, multi-cell "stack", functioning as the core engine of the fuel cell, was recently demonstrated at the company's laboratory. The results support the exciting potential of Neah Power's silicon-based, patented architecture. Compared to currently announced competitive technologies, this architecture is expected to set a new standard in micro fuel cell technology by scaling to higher power densities and improving operating efficiencies, leading to smaller physical form factors.
Neah Power Systems is developing a silicon-based direct-methanol fuel cell (DMFC) aimed at providing longer-lasting power solutions for mobile and remote applications, such as military communications devices, notebook PCs, and other advanced electronics products. In recent rigorous laboratory tests, the stack provided stable, extended power output, indicating the robustness of the all-liquid silicon-based system. Power density levels exceeding 80 mW/cm2 at room temperature were demonstrated, indicating power capability beyond most currently available competing DMFC systems on a per-unit basis under similar operating conditions. This power level was also attained with a stack that has been reduced in size by more than 70 percent as compared to the company's first stack prototype demonstration in early 2003.
Congressman Jay Inslee (WA-01), who represents the district where Neah Power Systems is located and has supported federal funding for fuel cell research, applauded the announcement. "Neah Power's fuel cell milestone is phenomenal news and an incredible achievement," said Inslee. "The long-lasting energy provided by these fuel cells offers great benefits for national security and improving the safety of our troops. Neah Power continues to advance the cutting edge of fuel cell technology in a way that will create high-paying jobs in the Puget Sound region. I look forward to continuing to stay informed and educate my colleagues about Neah Power's pioneering discoveries."
Neah Power's fuel cell systems have the potential to be small, lightweight, and durable, characteristics that are ideal for portable and remote military applications. The military uses large quantities of portable batteries today, mostly in the form of the BA-5590 model that powers communications gear and other portable applications. According to a recent Smith Barney research report, the U.S. Marines used approximately 3,000 batteries per day during the first two weeks of Operation Iraqi Freedom, implying a usage rate of over 4 million units per year for the military overall. In addition, the BA-5590 battery currently used by the military is heavy, weighing almost 2.5 lbs each. Fully developed, Neah Power's fuel cell technology potentially can decrease the weight soldiers have to carry related to portable power by up to 65 percent over a 72-hour mission, which can enhance fighting effectiveness.
"Improving portable power capabilities on the battlefield is one of the top priorities for the military," said Peter Schwartz, a Neah Power Systems Board member and the founder of Global Business Network (GBN), a company providing scenario planning for the U.S. military. "Soldier electronic systems are getting more advanced, not less. Taken together, all of these sophisticated devices require more power and energy to function at their full potential."
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, Wash. Further company information can be found at www.neahpower.com or by calling (425) 424-3324.
About GBN About GBN Based in the San Francisco Bay Area, Global Business Network was founded in 1987 as a unique learning community based on ruthless curiosity, collaboration, and powerful new tools for thinking about and shaping the future. GBN's network spans the globe, blending strategic thinkers from leading companies in established and emerging industries; visionaries from the sciences, arts, business, and academia; and a community of practice engaged in innovating and transferring tools for scenario thinking and strategic action. For over sixteen years GBN has convened this network, both electronically and in-person, to explore emerging issues and ideas and their implications for business and society. For further information, visit www.gbn.com or call 510-547-6822.
Contact: Neah Power Systems: Valerie Chan The Pembroke Network valerie*pembroke.com (206) 856-7885
Posts: 118 | From: Lethbridge | Registered: Mar 2005
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Neah Power Systems, Inc. (Nevada) issued a total of approximately 30,000,000 shares of its common stock in connection with its March 9, 2006 acquisition of its Neah Power Systems (Washington) subsidiary, as a result of which there are currently a total of 35,481,520 shares of Company common stock outstanding, excluding an additional 66,174,867 shares of common stock issuable upon conversion of outstanding convertible notes and convertible preferred stock.
Neah Power Systems, Inc. is in the process of completing an audit of the financial statements of its Neah Power subsidiary and intends, as soon as practicable, to file with the Securities and Exchange Commission appropriate documents to fully disclose, among other things, the terms of the merger transaction consummated on March 9, 2006, the NEAH Power business, financial condition, management and relevant risk factors. The Company will seek to register its common stock under the Securities Exchange Act of 1934, as amended, and will also seek to list its common stock for trading on the NASD OTC Bulletin Board. However, there can be no assurance that the SEC will approve such filing or that the Company's common stock will be approved for listing on the OTC Bulletin Board.
Posts: 118 | From: Lethbridge | Registered: Mar 2005
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Neah Power Files Form 10-SB Registration Statement with SEC Monday May 1, 2:49 pm ET
SEATTLE--(BUSINESS WIRE)--May 1, 2006--Neah Power Systems, Inc., a Nevada corporation (Pink Sheets:NPWS - News), formerly, Growth Mergers, Inc., announced here today that it has filed a Form 10-SB registration statement with the SEC to register its common stock under Section 12(g) of the Securities Exchange Act of 1934, as amended, and to become a full reporting company. The Form 10-SB filing is subject to review and comment by the SEC. ADVERTISEMENT
The Form 10SB registration statement, contains the audited financial statements for Neah Power Systems, Inc., the Washington based subsidiary of NPWS for the two years ended December 31, 2005, and describes the business, management and risks related to the Company. In addition to registering its common stock under the Securities Exchange Act of 1934, as amended, the Company also intends to seek to list its common stock for trading on the NASD OTC Bulletin Board. There can be no assurance that the SEC will approve the Form 10-SB filing or that the Company's common stock will be approved for listing on the OTC Bulletin Board.
On March 9, 2006, NPWS acquired by merger Neah Power Systems, Inc., a Washington corporation located in Bothell, Washington.
The full Form 10-SB registration, as filed, can be accessed by visiting http://www.sec.gov and completing a "Search for Company Filings" under the Filings & Forms header on the front page.
About Neah Power
Neah Power was founded in 1999. It is seeking to develop direct methanol fuel cells using a patented, silicon-based design to provide long-lasting, efficient, and safe power solutions for mobile electronic devices, in consumer, commercial and military applications.
Posts: 118 | From: Lethbridge | Registered: Mar 2005
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