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Neah Power Systems Appoints Kenth Pedersen as Chief Business Development Officer
* Reuters is not responsible for the content in this press release.
BOTHELL, Wash., Aug. 6, 2009 (GLOBE NEWSWIRE) -- Neah Power Systems, Inc.,
(OTCBB:NPWZ) www.neahpower.com, the company developing fuel cells for the
military and portable electronic devices, announced today that it had appointed
Kenth Pedersen as Chief Business Development Officer.
Prior to joining Neah in February 2009, Kenth was Founder and CEO of Hyphase
Energy, Founder and CEO of Boegeskov Energy, and inventor of a novel technology
used in creating non-planar fuel cell electrodes. Kenth studied entrepreneurial
development at UC Berkeley and fuel cell and renewable energy technologies at
the College of Engineering, ITS, UC Davis. Kenth has more than 20 years
experience in entrepreneurial finance and development, with a focus on
sustainable energy technology ventures over the past decade.
Dr. Chris D'Couto, President and CEO of Neah Power commented, "Kenth is very
resourceful and entrepreneurial, and his knowledge of renewable energy markets
will have a significant positive impact on Neah. He has been instrumental in
developing some of our existing customer relationships, and in this role, I look
forward to working with him towards the successful launch of our products and
revenue generation by the end of 2009."
Pedersen said, "Dr. D'Couto has done an excellent job of assembling a very
skilled, entrepreneurial team. My objective, which I share with Dr. D'Couto, is
to create a world class renewable energy solutions provider. It's an honor to be
a part of such a team and 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.
Further company information can be found at www.neahpower.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. 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.
Michael Selsman
310-553-5732
ms@publiccommunications.biz
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