NEAH Power Systems and S4 Worldwide Execute Teaming Agreement for Business and Product Development

BOTHELL, WA--(Marketwired - Sep 16, 2015) - NEAH Power Systems, Inc. (OTCBB: NPWZ) ("NEAH POWER") and S4W Worldwide Technologies ("S4W") have announced a teaming agreement, by which both parties will work together to integrate NEAH POWER's patented power generation and energy storage technologies with S4W's industry leading security and defense products. 

Under the agreement, NEAH POWER will deliver commercial units of its patented formic acid reformer fuel cell (Formira HOD™) and engineering units of its PowerChip® fuel cell and PowerChip® Battery. In addition, NEAH POWER will provide S4W with engineering and technical support to ensure successful integration into S4W's products. 

The agreement, which allows NEAH POWER and S4W to cooperatively market each of the other's products, is expected to expand the number of distribution and sales channels available to the partners, and allow each to fully exploit the capabilities and growing customer bases of the other, with high capital efficiency.

Of particular focus in the agreement, is the cooperation of the parties on the anticipated commercialization and release of NEAH POWER's ground breaking porous silicon-chip based PowerChip® Battery. In connection with the agreement, NEAH POWER will deliver S4W, as a preferred partner, initial production runs of the PowerChip® Battery for incorporation in S4W's state-of-the-art body worn cameras currently being marketed to police and security professionals worldwide. 

"We are most enthused to partner with S4W and their engineering teams to develop industry leading products with unprecedented durations of operation," announced Chris D'Couto, President and CEO of Neah Power Systems, Inc. "The partnership with S4W, with its high caliber management and sales organization, will allow us to further advance our system integration strategy, while increasing the number of markets for the products offered by NEAH POWER and its partners. I strongly believe that this cooperation between NEAH POWER and S4W fits perfectly with our mantra to deliver power generation and energy storage solutions that are 'smaller, lighter and more powerful'."