NEAH to Develop Fuel Cell Charger for India's EKO Vehicles
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BOTHELL, Wash., June 30, 2009 (GLOBE NEWSWIRE) -- NEAH Power Systems, Inc.,
(OTCBB:NPWS) www.neahpower.com, the company leading development in fuel cells
for the military and portable electronic devices, announced today it has signed
a Memorandum of Understanding (MOU) with EKO Vehicles of Bangalore, India,
(http://www.ekovehicle.com/), India's number one producer of two-wheeled
electric vehicles, to explore joint development of an on-board methanol fuel
cell battery charger for their line of battery-powered electric scooters based
on NEAH's novel anaerobic direct methanol fuel cell prototype.
NEAH, which successfully demonstrated a new type of low cost, high reliability
and power, liquid electrolyte based direct methanol fuel cell that does not
require air to operate, will adapt its technology for EKO's new line of EV 60
electric scooters. This second generation product is already being sold in the
United States, Europe, and Asia. A video of the technology, markets that Neah
serves and demonstration of the technology can be seen on YouTube, as well as on
the company's website.
"This is a great opportunity to help reduce pollution in one of the earth's most
populated areas, as NEAH fuel cells operate in both aerobic and anaerobic
manner," Dr. Christopher D'Couto, NEAH's CEO, said. "Our micro fuel cells may
eventually replace batteries for most uses."
"We welcome NEAH's technology as a valuable aspect of our goal to help eliminate
the levels of air and noise pollution, which can be contained by the
introduction and use of electric and hybrid-powered vehicles for short distance
transportation in our cities, towns and villages," said Mr. Anil Ananthakrishna,
Chairman and Chief Executive Officer of EKOVEHICLES Pvt. Ltd.
About NEAH Power
NEAH Power Systems, Inc. (NPWS) is developing long-lasting, efficient and safe
power solutions for the military and for portable electronic devices. NEAH uses
a unique, patented, silicon-based design for its micro fuel cells that enable
higher power densities, lower cost and compact form-factors. The company's micro
fuel cell system can run in aerobic and anaerobic modes.
Further company information can be found at www.neahpower.com.
About EKO Vehicles
Eko Vehicles Pvt. Ltd., mission is to promote environmental consciousness and
create a pollution-free atmosphere which is also pocket book friendly. Founder
Anil Ananthakrishna has more than 30 years experience in non-polluting powered
vehicle design, testing and manufacturing, industrial consulting and business
management. The company is in the process of setting up "Rapid Battery Charging
Stations" at several places in the city of Bangalore, enabling customers to
charge the vehicle in just 12-15 minutes. EKO is planning to launch electric
three-seater, three-wheeler and four-seater omni-type four-wheelers with the
same concept.
Forward-Looking Statements
This press release contains forward looking statements and made pursuant to the
Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements reflect numerous assumptions and involve a
variety of risks and uncertainties, many of which are beyond the company's
control that may cause actual results to differ materially from stated
expectations. Factors that might cause such material difference include, among
others, our limited operating history, potential research and prototype delays,
difficulties in developing and commercializing new technologies.
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CONTACT: Public Communications Co.
Michael Selsman
310-553-5732
ms@publiccommunications.biz
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