Neah Power Systems Submits Proposal for Department of Energy Funding

BOTHELL, Washington, June 7, 2016 /PRNewswire/ --

Neah Power Systems, Inc. (OTCBB: NPWZ, NEAH POWER) an emerging leader in fuel cell-based power solutions and rechargeable lithium battery storage solutions for defense, commercial, and consumer applications, proudly announced that the Company had submitted two separate proposals for Department of Energy (DOE) funding. One submission was related to the rechargeable lithium battery, and the second submission was related to a hydrogen fuel cell. Both the technologies use the Company's proprietary silicon architecture. In both cases, a reputed National Laboratory was identified as the preferred partner. A response to these submissions is expected by end of June 2016.

In the battery submission, the focus is on characterizing the battery and performing a deconstruction analysis to determine methods to increase the energy density and / or increase the lifetime of the battery. In the fuel cell submission, the emphasis is on benchmarking and characterizing the fuel cell, and evaluating means to reduce the cost of operation of the fuel cell.

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.

For more information, or customer enquiries, please contact 
Neah Power Systems Inc. Contact:
Jeffrey May CPA
jmay@neahpower.com
+1-425-424-3324 ext 105

SOURCE Neah Power Systems, Inc.