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"Progress on the fundamental technology
continues to show excellent progress. This expansion in the areas of mechanical,
electrical and test engineering will allow us to continue to drive key
programs important to the completion of the integrated fuel cell prototype
scheduled for completion this year," said Paul Abramowitz, CEO of Neah
Power Systems.
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, Washington.
Further company information can be found at our website http://www.neahpower.com
and in our Form 10-SB registration statement that was filed with the Securities
and Exchange Commission earlier this year, but has not as yet been declared
effective.
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