SEATTLE, June 5, 2006 (PRIMEZONE) -- Neah Power Systems, Inc., a Nevada corporation (Pink Sheets:NPWS), today announced it is expanding the research and development of its patented porous silicon based direct methanol fuel cell using a 100mm silicon (Si) wafer to include a more efficient 200mm Si wafer process.
The Company's current process of fuel cell design primarily focuses on the use of 100mm Si wafers and was intended for general research and development purposes While the 100mm process has proven successful in producing four electrodes with an aggregate active area of 20cm2, large-scale Si processing is mainly performed on 200mm and 300mm wafers which are considered industry wide to provide the most cost effective process efficiencies.
By conforming to the 200mm Si wafer, the Company expects to produce electrodes with an aggregate active area of 202cm2, representing a 10x increase in active Si per wafer over the present 100mm process. Additionally, the adoption of a 200mm design process increases access to a wider range of partners for outsourced silicon production.
"Our internal research leads us to believe that a porous silicon-based DMFC exhibits inherently superior characteristics to traditional fuel cell architecture in terms of reliability, performance and scales of production efficiencies and costs. Adopting our current 100mm process to a 200mm process further strengthens our reach for achieving key industry milestones in terms of offering higher energy yields in a smaller package and at lower anticipated overall manufacturing cost," said Paul Abramowitz, CEO of Neah Power.
About Neah Power
Neah Power Systems is a micro fuel cell development company using a patented, silicon-based design to provide long-lasting, efficient and safe power solutions for portable electronic devices, including notebook PCs and other power-hungry computer, entertainment, and communications products. As an emerging leader in fuel cell technology and design, Neah Power Systems believes that its products will allow users to extend the operating time of their devices multiple times beyond that of conventional batteries. Key investors include Alta Partners, Frazier Technology Ventures, Castile Ventures, WestAM and Intel Capital. Neah Power Systems is headquartered just outside of Seattle in Bothell, Washington. Further company information can be found at our Website, www.neahpower.com, and in our Form 10-SB registration statement that was filed with the Securities and Exchange Commission earlier this month, but has not as yet been declared effective.
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission. Investors are encouraged to review the Company's most recent filings with the SEC and specifically its Form 10SB filed on May 1, 2006.