Neah Power Systems Announces Purchase Order From DRDO, India for PowerChip(R) Product
November 12 2013 - 8:00AM
Neah Power Systems, Inc., (NPWZ.OB) http://www.neahpower.com, a
developer of award-winning energy products, announced today that it
had received a $172,000 order for multiple units of Neah Power's
PowerChip® product from the DRDO, Government of India, with ship
dates on or around Jan 10, 2014.
Dr. D'Couto, President and CEO of Neah Power Systems, stated,
"This is a significant milestone for the Company. This sovereign
entity has evaluated the technology, both at their facilities and
at our facilities, and this order further validates the unique
value proposition of Neah's products, especially for aggressive
defense oriented applications. As a follow up to this shipment, we
are currently in discussions regarding a licensing agreement with
the DRDO for defense applications in India."
About Neah Power
Neah Power Systems, Inc. (NPWZ.OB) is an innovator of
cutting-edge power solutions for the military, transportation and
portable electronics industries. Neah Power's long-lasting,
efficient, and safe solutions include patent-pending micro fuel
cells that enable higher power densities in compact form-factors at
a lower cost, and that run in aerobic and anaerobic modes. Neah
Power was a 2012 ZINO Green Finalist, 2010 WTIA Finalist, and 2010
Best of What's New Popular Science Award. Contact Neah Power at
(425) 424.3324 ext-108 or info@NeahPower.com. Neah Power has named
Hitman, Inc. as their current agency of record.
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 the Company does
not undertake any responsibility to update any of these statements
in the future. Please read Neah Power System's Form 10-K for the
fiscal year ended September 30, 2012 and its Quarterly Reports on
Form 10-Q filed with the SEC during fiscal 2013 for a discussion of
such risks, uncertainties and other factors.
CONTACT: Media Contact:
Steve Brazell
Hitman, Inc. | (212) 300.6026