BOTHELL, Wash., May 29, 2014 (GLOBE NEWSWIRE) — Neah Power Systems, Inc., (OTCBB:NPWZ), a provider of proprietary power solutions, announced the publication of a white paper on the website (www.neahpower.com) discussing patent pending technology that allows a safe and high energy density, point of use hydrogen generation technology, that is suited for automotive fuel cells and grid scale fuel cells.
Neah Power CEO Chris D’Couto said, “We are in preliminary discussions with a fuel cell company to license the technology for certain grid scale applications, and we are identifying appropriate automotive partners for this technology, opening up new Served Available Markets (SAM) that are very significant.”
Neah Power CEO, Chris D’Couto, continued, “This compelling technology allows the use of a safe and easily handled liquid fuel, formic acid, to generate hydrogen on demand for automotive and grid scale applications. This could potentially eliminate various safety, handling, cost, and distribution issues currently seen with compressed hydrogen for automotive applications. For grid scale applications, this technology could eliminate the need for onsite hydrogen generation plants that are commonly co-installed with grid scale fuel cells.”