BOTHELL, Wash., Dec. 19, 2013 (GLOBE NEWSWIRE) -- Neah Power Systems, Inc., (OTCBB:NPWZ) http://www.neahpower.com, a provider of power solutions using proprietary, award winning technology for the military, transportation, and portable electronics markets using the PowerChip® and BuzzBarTM technologies, announced today that Chris D'Couto, CEO had provided a video update on Agoracom on the new BuzzBar suite of products, as well as what the recent asset acquisition means for the company in 2014.
Watch Interview here:
Dr. D'Couto discussed how the BuzzBar is unique from other offerings on the market, and the differentiated value proposition of the entire BuzzBar suite of products. Dr. D'Couto also noted that one of the reasons for the limited run of the first generation units is to get quick initial feedback from the consumer market as well as interested commercial entities and B2B opportunities. Neah Power plans to quickly launch the next generation of BuzzBar products incorporating early feedback from the market. "In our fluid new economy, it's the smart and best way to develop and fine-tune new technology," said Dr. D'Couto. "Our model moving forward is to bring products to market faster with new iterations that contain the features consumers want most more often. As a small company, we can move quickly and it gives us a strong competitive advantage."
Dr. D'Couto also discussed the importance of the recent acquisition and what it means to the company and product strategy in 2014. Neah Power Systems purchased key assets from Clean Tech Investors for $440,000 in shares valued at $.019 per share. Clean Tech Investors also made a direct investment into the Company at the same valuation of $0.019 per share.
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 firstname.lastname@example.orgSource:Neah Power Systems, Inc.