SEATTLE-- Neah Power Systems, an emerging leader in micro fuel cell technology, today announced it has been named a Venture All Stars (TM) Top 25 Emerging Growth Company. The 2005 Top 25 Venture All Star companies, which come from all sectors and stages, were selected over a six- week period by a nominated group of VCs from British Columbia, Oregon and Washington. They were evaluated from multiple business and funding criteria including strong management, financial backing and high-growth potential. The award was presented at the 5th Annual Venture All Stars(TM) Awards Gala and NASDAQ Golf Tournament held Friday, June 3, 2005.

"We're privileged to be included with such as select group of companies, as it speaks to the potential of our fuel cell technology to someday power notebook PCs, camcorders, and millions of other portable electronic devices," said Gregg Makuch, Vice President of Marketing for Neah Power Systems. "The wireless revolution needs portable power, and we aim to provide longer-lasting systems than conventional batteries can provide alone. This award is a clear reflection of the potential of our technology and also of the sizable opportunity in front of us."

The 2005 Venture All Stars (www.ventureallstars.com) selection committee consists of representatives from more than 35 venture capital organizations including Motorola Ventures, Madrona Venture Group, Arch Venture Partners, Voyager Capital, OVP Venture Partners, Greenstone VC, Yaletown Venture Partners, and the Puget Sound Venture Club. This group represents billions of dollars in venture capital that are actively seeking to help entrepreneurs make their next fortune.

About Neah Power Systems

Neah Power Systems is a micro fuel cell development company using a patented, silicon-based design to provide long-lasting, efficient, and safe power solutions for portable electronic devices, including notebook PCs and other power-hungry computer, entertainment, and communications products. As an emerging leader in fuel cell technology and design, Neah Power Systems believes that its products will allow users to extend the operating time of their devices multiple times beyond that of conventional batteries. Key investors include Alta Partners, Frazier Technology Ventures, Castile Ventures, WestAM and Intel Capital. Neah Power Systems is headquartered just outside of Seattle in Bothell, WA. Further company information can be found at www.neahpower.com or by calling 425-424-3324.

About Venture All Stars

Venture All Stars Group is an integrated media, marketing and advisory services organization that monitors and provides access into the Pacific Northwest's seed to mid-stage venture ecosystem. In addition to the annual Venture All Stars Event, it operates a partner network consisting of premier venture capital, angel investor, entrepreneur, corporate executives, governmental trade agencies and consulate generals in the region. Its membership services include educational events and products (Executive Playbook), public relations and radio style podcasting shows. Venture All Stars features an investor presentation service called Venture Showcase and online educational service called Venture Library. Venture All Stars publishes the de-facto visual representation of the northwest venture ecosystem called the Venture Map with a distribution of more than 50,000 units. For more information please visit: http://www.ventureallstars.com . The Venture All Stars event is the only event of its kind that brings together and honors companies from both in the United States and Canada. Past Venture All Star companies include vCustomer, Impinj, FIOS, nGrain, HouseValues and Mforma.

     Contact:

     For Neah Power Systems:
     Valerie Chan
     The Pembroke Network
     Tel:  206-856-7885
     Email: valerie@pembroke.com
 

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