NEAH Power Systems, Inc. (NPWZ) Teams Up with Black-I Robotics to Power the Robotics Industry
NEAH Power Systems, Inc., an innovator and supplier of cutting-edge power products for the military, transportation and portable electronics industries, and Black-I Robotics, Inc. (“Black-I”), a leader in robotic technology-based solutions, today announced that they are teaming up to deliver NEAH Power’s patented power generation and energy storage technologies to the robotics market.
Both companies share a vision to develop power systems for robotic mobile platforms that can provide unprecedented increases in levels of performance and vastly improved deployment times, as well as deliver robotic solutions that better meet the needs of Black-I’s commercial, industrial and defense customers.
Black-I and NEAH Power have agreed to collaborate on product development and system integration of NEAH Power’s patented formic acid reformer fuel cell (Formira HOD™), PowerChip® Fuel Cell and PowerChip® Battery with Black-I’s advanced remote robotic vehicles. In addition, Black-I will serve as an engineering and sales consultant, working with NEAH Power to develop power products that can be integrated and licensed for use by other manufacturers of professional robots used for defense, ground-based and underwater transport, healthcare, logistics, and construction, as well as for use by manufacturers of personal robots for entertainment and other household applications.
The service segment of the global robotics market is expected to reach USD$16 billion by 2020. Growing investments supporting the development of service robotics in countries such as Japan, Korea, China and the United States is expected to favorably impact market growth. Increasing government spending initiatives in defense and military applications, coupled with high demand in these segments, is expected to further drive this growth.
“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,” stated NEAH Power CEO Chris D’Couto. “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.”
“We very much look forward to teaming with NEAH Power, a true innovator in portable power,” added Brian Hart, president and CEO of Black-I Robotics. “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, visit www.neahpower.com
Please see disclaimer on the QualityStocks website: https://Disclaimer.QualityStocks.com