Neah Power Systems Receives $10 Million Funding Commitment From Optimus Energy Capital...

Neah Power Systems Receives $10 Million Funding Commitment From Optimus Energy
Capital Partners LLC

BOTHELL, Wash., July 30, 2009 (GLOBE NEWSWIRE) -- Neah Power Systems, Inc.
('Neah') (OTCBB:NPWZ) www.neahpower.com, the Company developing fuel cells for
the military and portable electronic devices, announced today that it has
reached agreement with Optimus Energy Capital Partners, LLC ('Optimus'), an
investment fund, under which Optimus may purchase up to $10 million of Neah
Power's Series B Preferred Stock between today's date and July 27, 2010 at Neah
Power's sole discretion.

Dr. Chris D'Couto, Neah CEO, said, "The confidence shown by the financial
community in Neah's patent-protected technology and our commercial engagements
is truly gratifying. This major commitment to the company should enable us to
quickly complete manifold renewable energy solutions for our customers and meet
our corporate goals including listing on the AMEX. We are enthused by this
further endorsement of Neah's IP-protected, differentiated product, management
team, and, we believe, the untapped market opportunity ahead of the company."

About Neah Power

Neah Power Systems, Inc. (NPWZ) 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.

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. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors that
may cause the actual results, performance or achievements of the company to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. See Neah Power System's
Form 10-KSB for the fiscal year ended September 30, 2008 for a discussion of
such risks, uncertainties and other factors. These forward-looking statements
are based on management's expectations as of the date hereof, and the company
does not undertake any responsibility to update any of these statements in the
future.

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CONTACT: Public Communications Co.
Company Contact:
Michael Selsman
310-553-5732
ms@publiccommunications.biz