BOTHELL, Washington, August 23, 2016 /PRNewswire/ --
Neah Power Systems, Inc. (OTCBB: NPWZ, NEAH POWER) an emerging leader in high density
rechargeable lithium metal battery storage solutions for defense, commercial, and consumer applications, is pleased to announce
that it won a grant from the U.S. Department of Energy through the Small Business Vouchers Pilot Program. http://energy.gov/technologytransitions/articles/energy-department-awards-43-new-business-laboratory-collaborations
The NEAH PowerChip® Battery is the first battery to be made with high volume capable microchip
manufacturing technology in semiconductor facilities (foundries) throughout the world. NEAH and numerous electrochemical
engineers worldwide envision this new NEAH Battery architecture as transformative as it will change the way batteries are made,
used and perform. The proprietary architecture of the PowerChip® Battery brings batteries into the microchip era, using the same
manufacturing technologies that made television sets, cell phones, laptops and a variety of devices more compact with superior
performance at lower cost. While initially targeted for consumer oriented applications, the battery technology could be used for
automotive and defense applications as well.
Dr. Chris D'Couto, President & CEO of NEAH said, "We look forward to working closely with Argonne National Laboratory,
which is uniquely qualified to characterize the performance metrics associated with our unique battery architecture. This unique
3D architecture using lithium metal anodes enables more than five times the performance of batteries in production today.
We at NEAH believe that the characterization of the battery by Argonne National Laboratory will further enhance the
performance and manufacturability of the battery. It will also help us understand the most critical electrochemical reactions.
This DOE/Argonne relationship will provide advanced technology learnings, leapfrogging what would be possible in a privately held
laboratory.
About the Small Business Vouchers Pilot
The U.S. Department of Energy Small Business Vouchers Pilot is a collaborative, national effort that provides $20M for U.S. companies to work with National Laboratories. Vouchers focus on nine clean energy
technologies.
The SBV Pilot is an initiative of the U.S. Department of Energy, DOE's Office of Energy Efficiency & Renewable Energy, and
participating DOE national labs.
About Neah Power Systems, Inc.
Neah Power's core fuel cell solutions have a small form factor, recharge instantly, and
operable in air and non-air environments, providing a longer life with lower total cost of ownership. The PowerChip® battery
leverages the proven silicon architecture to build a rechargeable lithium battery that is demonstrating industry leading
performance. Neah Power's Solutions offerings include the patented and patent pending PowerChip®,
Formira® and the BuzzBar Suite® of products. For more information please visit http://www.neahpower.com.
Forward Looking Statements
Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking
statements," which are subject to risks and uncertainties that could cause actual results to differ materially from those
described in the forward-looking statements, and Neah Power does not undertake any responsibility
to update any of these statements in the future. Please read Neah Power's Form 10-K for the fiscal
year ended September 30, 2015 and its Quarterly Reports on Form 10-Q for a discussion of such
risks, uncertainties and other factors.
Contact:
Jeffrey May CPA
jmay@neahpower.com
+1-425-424-3324 ext 105
SOURCE Neah Power Systems, Inc.