NEAH Power Systems, Inc. (NPWZ) Joins Forces with Black-I Ro NEAH Power Systems, Inc. (NPWZ) Joins Forces with Black-I Robotics to Energize the Robotics Industry
NEAH Power Systems is focused on supplying power products for the military, transportation and portable electronics industries. The company is now also looking to deliver these products to Black-I Robotics, Inc. (“Black-I”), a leader in robotic technology-based solutions and recently announced that they are joining forces to deliver its patented power generation and energy storage deliverables within the robotics space.
The two companies intend to develop power systems for robotic mobile platforms that can provide increases in levels of performance that have never been seen before. Their vision also endeavors to deliver robotic solutions that better meet the needs of Black-I’s commercial, industrial and defense customer base.
The service segment of the global robotics market is estimated to reach $16B in the next five years. Upward trending investments supporting the development of service robotics in Japan, China, Korea, and the US is expected to positively impact market growth. Increasing government spending initiatives in defense and military applications, combined with high demand in these segments, is expected to drive growth even higher.
NEAH Power Chief Executive Officer, Chris D’Couto commented, “NEAH Power is excited to work with Black-I Robotics, a company with proven technologies and robotic platforms that can deliver advanced robotic solutions for defense, industrial and commercial applications.” “Together, we will work to expand the markets for our products by offering power solutions that can markedly increase the amount of reliable, efficient and safe power available to these systems, which in effect will drive growth for the benefit of shareholders.”
Brian Hart, president and CEO of Black-I Robotics noted, “We very much look forward to teaming with NEAH Power, a true innovator in portable power.” “This agreement allows us to explore ways to meet the critical demand for lighter, more compact and highly efficient power systems for the robotics market. By consolidating our expertise, capabilities and resources, we expect to revolutionize the delivery of mobile power and truly untether robots, regardless of their power requirements, so they can better execute their mission.”
For more information on the company visit www.neahpower.com
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