UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 


 

FORM 8-K


 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of Earliest Event Reported): 09/16/2015

 


 

Neah Power Systems, Inc.

(Exact Name of Registrant as Specified in Charter)

 





 

Nevada

000-49962

88-0418806

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

 

 

22118 20th Avenue SE, Suite 142

Bothell, Washington

 

98021

(Address of principal executive offices)

 

(Zip Code)

 

 

Registrant’s telephone number, including area code: (425) 424-3324 

 


 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

  

 

 




 

 

Information About Forward-Looking Statements


This Current Report on Form 8-K of contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Neah Power Systems, Inc.’s financial and operational results reflected herein should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this Current Report on Form 8-K, except historical and factual information, represents forward-looking statements. This includes all statements about the Company’s plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission (the “SEC”).


Item 8.01 Other Events


On September 16, 2015 the Company issued a press release on a teaming agreement with S4W Worldwide Technologies


The press release letter to shareholder is attached as Exhibit 99.1.


Item 9.01 Financial Statements and Exhibits


(a) Not applicable.


(b) Not applicable.


(c) Not applicable.


(d) Exhibits.


Exhibit No.

Description

 

 

99.1

Letter to Shareholders – NEAH Power Systems and S4 Worldwide Execute Teaming Agreement for Business and Product Development dated September 16, 2015

 

 

 

 






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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Neah Power Systems, Inc.

 

 

 

By:

/s/ David Schmidt

 

 

David Schmidt

 

 

Acting Principal Financial Officer


Date: September 16, 2015

 

 

 

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For Sept 16, 2015 release

NEAH Power Systems and S4 Worldwide Execute Teaming Agreement for Business and Product Development

S4 Worldwide to receive initial production of NEAH Powers porous silicon battery for integration in Body Worn Cameras for Police and Security Professionals

Bothell, WA (Sept 16, 2015) NEAH Power Systems, Inc. (OTCBB: NPWZ) (NEAH POWER) and S4W Worldwide Technologies (S4W) have announced a teaming agreement, by which both parties will work together to integrate NEAH POWERs patented power generation and energy storage technologies with S4Ws industry leading security and defense products.  


Under the agreement, NEAH POWER will deliver commercial units of its patented formic acid reformer fuel cell (Formira HOD) and engineering units of its PowerChip® fuel cell and PowerChip® Battery. In addition, NEAH POWER will provide S4W with engineering and technical support to ensure successful integration into S4Ws products.  


The agreement, which allows NEAH POWER and S4W to cooperatively market each of the others products, is expected to expand the number of distribution and sales channels available to the partners, and allow each to fully exploit the capabilities and growing customer bases of the other, with high capital efficiency.


Of particular focus in the agreement, is the cooperation of the parties on the anticipated commercialization and release of NEAH POWERs ground breaking porous silicon-chip based PowerChip® Battery.  In connection with the agreement, NEAH POWER will deliver S4W, as a preferred partner, initial production runs of the PowerChip® Battery for incorporation in S4Ws state-of-the-art body worn cameras currently being marketed to police and security professionals worldwide.  


We are most enthused to partner with S4W and their engineering teams to develop industry leading products with unprecedented durations of operation, announced Chris DCouto, President and CEO of Neah Power Systems, Inc. The partnership with S4W, with its high caliber management and sales organization, will allow us to further advance our system integration strategy, while increasing the number of markets for the products offered by NEAH POWER and its partners.  I strongly believe that this cooperation between NEAH POWER and S4W fits perfectly with our mantra to deliver power generation and energy storage solutions that are smaller, lighter and more powerful.



 


Paul Sault, CEO of S4W complemented, S4W welcomes the opportunity to co-develop and market product incorporating NEAH POWERs advanced technologies.  Our engineering staff and consultants immediately recognized the transformative nature of NEAH POWERs Formira HOD and PowerChip® solutions, specifically, when incorporated in a highly disruptive product like our Smart Body Cam where continuous power is necessary for delivery of the ever-important personnel and public safety benefits they provide.  Upon first being introduced to NEAH POWERs PowerChip® Battery, S4W was eager to become an early adopter. While interviewing countless numbers of public safety personnel about what features they wanted to see standard on a body camera, having the power necessary to make it through an entire shift without battery recharging or replacement, ranked very near the top.


Chris DCouto added, As previously reported, NEAH POWER has incorporated its award-winning and patented PowerChip® fuel cell architecture into the patent pending PowerChip® battery.  To date, this new battery design has exhibited unprecedented performance characteristics.  As NEAH POWER moves closer to first commercial release of the PowerChip® Battery, NEAH POWER expects to continue to work in close cooperation with companies like S4W in expanding integration opportunities and advancing other pre-launch activities.


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About Neah Power Systems, Inc

Neah Power Systems, Inc. is an innovator and supplier of cutting-edge power solutions for the military, transportation and portable electronics industries. Neah Powers long-lasting, efficient, and safe solutions include patented and patent pending PowerChip®, Formira® and the BuzzBar Suite® of products. Most recently, Neah Power Systems was a 2012 ZINO Green Finalist, 2010 WTIA Finalist, and 2010 Best of Whats New Popular Science Award. For more information visit www.neahpower.com.

About S4 Worldwide


S4 WORLDWIDE provides mobile real-time situational awareness technologies to business decision-makers. Using environmentally friendly, solar and wind powered trailer-mounted systems, video, audio, and sensor data is gathered from remote sites and electronically presented to users through a secure website and onto their laptops, tablets, or smartphones. S4Ws vision is to be the leader in responsive, real-time dynamic business tools for decision-makers. For more information visit www.s4worldwide.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 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, 2014 and its Quarterly Reports on Form 10-Q filed with the SEC during fiscal 2015 for a discussion of such risks, uncertainties and other factors.




 

For more information please contact the Company at

Neah Power Systems Inc.

David Kugelman

dkugelman@neahpower.com

(866) 692-6847 Toll Free - U.S. & Canada.