| SEATTLE--Neah
Power Systems, Inc., a Nevada corporation (Pink Sheets:NPWS), would like
to clarify an assertion made in a press release published this morning
wherein the Company's CEO, Mr. Paul Abramowitz was quoted as saying, "I
am delighted that we will be able to build upon our past successes to meet
our goal of completing the development of our porous silicon fuel cell
prototype this year and the production to follow shortly thereafter."
While the company anticipates achieving
prototype development by the end of this year, and eventually moving into
the production stage of its porous silicon fuel cell thereafter, the Company,
nor its CEO, can control the business schedules of its suppliers or partners
as well as other variables impacting the Company's current development
benchmarks.
Please review the Company's 10SB
filed on May 1, 2006 for further information concerning the renewal of
the Novellus Collaboration Agreement that was discussed in this morning's
release and its specific financial terms, and conditions.

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