NEAH Power Systems, Inc. (NPWZ) Challenging Industry Leaders NEAH Power Systems, Inc. (NPWZ) Challenging Industry Leaders with Innovative Fuel Cell Technology
NEAH Power Systems is a leading innovator of unique energy solutions. The company develops products that address specific power requirements for clients in a wide range of markets – including military, government and corporate applications. At the heart of many of NEAH Power’s products is its patented, award-winning PowerChip® technology, which enables the development of solutions with higher power densities and compact form factors that meet exacting specifications. Through this portfolio, the company is strategically positioned to increase its market share by challenging established industry leaders.
In recent months, NEAH Power had made considerable progress toward the commercialization of its Formira Hydrogen on Demand system. While major players in the stored power industry, such as FuelCell Energy (NASDAQ: FCEL), continue to highlight hydrogen generation as a major area of interest moving forward, NEAH Power is currently preparing to demonstrate its functioning system to the Australian Army in the coming weeks. The company has already initiated work on preliminary design details for units of various sizes to meet off-grid power needs, and discussions are underway with parties in China related to licensing and manufacture of the technology.
NEAH Power differentiates itself from larger fuel cell developers – including Ballard Power Systems (NASDAQ: BLDP) and Plug Power (NASDAQ: PLUG) – by expertly addressing the rapidly expanding market for portable electronic devices. Through its BuzzBar Suite™, the company enables off-grid, on-the-go charging capabilities for a full range of mobile devices. With the option to use a variety of energy sources – including wall outlets, solar power, fuel cells and disposable batteries, the BuzzBar is the perfect power solution for nearly any scenario. Pending the completion of a satisfactory capital raise, NEAH Power plans to commence shipment of its third generation BuzzBar later this year.
By targeting diversified industries with its award-winning technology, NEAH Power is in a favorable position to expand upon its current market share and promote sustainable financial growth.
For more information, visit www.neahpower.com
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