DALLAS, TEXAS : StockGuru announces that Neah Power Systems Inc. (OTCBB: NPWZ) is in the StockGuru Spotlight. NEAH Power Systems, Inc. is developing long-lasting, efficient and safe power solutions for the military and for portable electronic devices and off the grid power solutions. NEAH uses a unique, patented, silicon-based design for its micro fuel cells that enable higher power densities, lower cost and compact form-factors.
On Tuesday, the company put out news announcing that it has successfully qualified alternate materials that will help to reduce precious metal content in its fuel cell. Following the successful demonstration of NEAH Power’s prototype, the company has been evaluating cheaper components and materials. Derek Reiman, NEAH Power’s Director of Manufacturing, said, “We’ve had precious metals reduction in our crosshairs for quite some time. Now that we have a fully operational system, we have turned our focus to improving lifetime and lowering overall product and manufacturing cost. Given the flexibility of our silicon substrate, we are able to use materials and processes that traditional PEM fuel cells cannot. This has allowed NEAH to qualify multiple non-precious metals and significantly reduce our reliance on gold as a current collector.”
Shares for Neah Power Systems Inc. (OTCBB: NPWZ) were down during the afternoon of trading on Tuesday and closed slightly down at closing.
To view our StockGuru Spotlight on Neah Power Systems Inc. (OTCBB: NPWZ), please visit: http://www.stockguru.com
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