BOTHELL, Wash. and BANGKOK, Thailand, Feb. 18, 2010 (GLOBE NEWSWIRE) -- Neah Power Systems (OTCBB:NPWZ) www.neahpower.com, the company developing fuel cell based renewable energy solutions, taking advantage of the arrival of the long-awaited ASEAN Free Trade Area (AFTA) as of January 1, 2010, which eliminates tariffs for almost 99% of all goods and services traded among the 10-member ASEAN bloc, has retained two technically and highly-educated sales representatives to present the Company's patented, renewable, pollution-free, methanol-powered fuel cells to industry, consumers, the military, vehicles, schools, the hospitality industry, and to governments to power rural villages with clean near-continuous energy throughout Asia. ASEAN is now an economic force that could rival China, India, Brazil and Russia, with a combined GDP estimated at US$1.5 trillion, and a consumer market of almost 600 million people.
Dr. Chris D'Couto, Neah CEO, said, "Acquiring the services of Dr. Pichet Limsuwan and Dilok Hemyakorn places Neah Power Systems in an envious position. Out technology is unique and, as far as we know, has no present competition. We can expect our fuel cell proficiency and knowledge to have a significant effect on literally millions of people in Asia by providing clean energy to improve living standards."
Dr. Pichet Limsuwan received a Bachelor's Degree and Ph.D. degree in Physics in 1969 and 1978, and joined the Department of Physics, King Mongkut's University of Technology, Thonburi, Thailand (KMUTT) immediately thereafter. He was trained in the USA and graduated with a Ph.D. in Optics. He is currently the Associate Dean for Research, Faculty of Science at KMUTT. His current research area of interest includes laser technology, thin film technology, gemology and nanotechnology.
Dilok Hemyakorn was Deputy Head of Electrical Power Station Design Division of both the Engineering Department and Transmission System, respectively, for the Electricity Generating Authority of Thailand (EGAT) from 1978 to 2005. He was previously employed by the Bangkok Metropolitan's Electrical Transmission system, as the Head of System Analysis and Project Management. In 1994-1995, he was the Head of High Power Electrical Station and Controlling System, and Head of the Transmission System Project and Planning Department of the Grid Connection System of the Thailand-Malaysia Project.
About Neah Power
Neah Power Systems, Inc. (NPWZ) is developing long-lasting, efficient and safe power solutions for the military, industrial and consumer applications, 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. The company is developing energy generation and storage solutions based on its patented technology.
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.