NEAH Power Systems, Inc. (NPWZ) Teams Up with S4 Worldwide f NEAH Power Systems, Inc. (NPWZ) Teams Up with S4 Worldwide for Business and Product Development
NEAH Power Systems and S4W Worldwide Technologies (“S4W”) today announced a teaming agreement. Per the terms, both parties will be working together to integrate NEAH POWER’s patented power generation and energy storage technologies with S4W’s industry leading security and defense products.
NEAH POWER has agreed to deliver commercial units of its patented formic acid reformer fuel cell (Formira HOD™) and engineering units of its PowerChip® fuel cell and PowerChip® Battery. In addition, NEAH POWER will provide S4W with engineering and technical support to ensure successful integration into S4W’s products.
The agreement, which allows NEAH POWER and S4W to cooperatively market each other’s products, is anticipated to expand the number of distribution and sales channels available to the partners, and allow each to fully exploit the capabilities and growing customer bases of the other, with high capital efficiency.
Of particular focus in the agreement, is the cooperation of the parties on the anticipated commercialization and release of NEAH POWER’s ground breaking porous silicon-chip based PowerChip® Battery. In connection with the agreement, NEAH POWER will deliver S4W, as a preferred partner, initial production runs of the PowerChip® Battery for incorporation in S4W’s state-of-the-art body worn cameras currently being marketed to police and security professionals worldwide.
“We are most enthused to partner with S4W and their engineering teams to develop industry leading products with unprecedented durations of operation,” stated Chris D’Couto, President and CEO of Neah Power Systems, Inc. “The partnership with S4W, with its high caliber management and sales organization, will allow us to further advance our system integration strategy, while increasing the number of markets for the products offered by NEAH POWER and its partners. I strongly believe that this cooperation between NEAH POWER and S4W fits perfectly with our mantra to deliver power generation and energy storage solutions that are ‘smaller, lighter and more powerful’.”
Paul Sault, CEO of S4W, added, “S4W welcomes the opportunity to co-develop and market product incorporating NEAH POWER’s advanced technologies. Our engineering staff and consultants immediately recognized the transformative nature of NEAH POWER’s Formira HOD™ and PowerChip® solutions, specifically, when incorporated in a highly disruptive product like our Smart Body Cam where continuous power is necessary for delivery of the ever-important personnel and public safety benefits they provide. Upon first being introduced to NEAH POWER’s PowerChip® Battery, S4W was eager to become an early adopter. While interviewing countless numbers of public safety personnel about what features they wanted to see standard on a body camera, having the power necessary to make it through an entire shift without battery recharging or replacement, ranked very near the top.”
Chris D’Couto concluded, “As previously reported, NEAH POWER has incorporated its award-winning and patented PowerChip® fuel cell architecture into the patent pending PowerChip® battery. To date, this new battery design has exhibited unprecedented performance characteristics. As NEAH POWER moves closer to first commercial release of the PowerChip® Battery, NEAH POWER expects to continue to work in close cooperation with companies like S4W in expanding integration opportunities and advancing other pre-launch activities.”
For more information on NEAH Power Systems, visit www.neahpower.com
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