$NPWZ News - Shareholder Update on the Increasing Global Demand for Remote Power Using NEAH Solutions - Neah introduces proprietary lithium battery technology

BOTHELL, Wash., - (http://www.financialnewsmedia.com News Alert) - Neah Power Systems, Inc. (OTCBB: NPWZ) (OTC: NPWZ) - To Our Shareholders: As a supplement to our latest quarterly filing, I want to provide you with a brief report on the status of our Company operations as well as relate the progress achieved by our management in advancing efforts to commercialize, license and sell NEAH Power\'s industry leading technologies and products.



While we continue to develop the many opportunities announced to date, we are also preparing to announce several more initiatives that are expected to contribute significantly to our growth and standing as an emerging leader in fuel cell and battery technologies.



In light of the current stock price, which management believes does not adequately reflect the true value of the Company\'s assets, I wish to reassure you that the level of interest in NEAH Power\'s technologies has never been greater. As the frenzy of venture capital and private equity investing in alternative energy and clean energy companies comes back down to Earth, the focus of the industry is irreversibly shifting to practical, reliable and cost-effective solutions like those of NEAH Power, which can realistically meet current and urgent demands for off-grid power and energy storage in compact, scalable form factors.



We are extremely pleased to announce that we have been doing research and development on a lithium battery technology that appears to be far superior to any incumbent technologies (the PowerChip(R) Battery). At an appropriate time in the near future, once the Company has achieved the next round of performance targets, we will be sharing details with our shareholders. Once completed, we believe our Porous Silicon Battery will be a disruptive power storage system for a whole range of applications from consumer goods to automotive applications, as well as for scalable storage solutions for off-peak and back-up power usage.



Now more than ever, power storage and generating technologies, such as batteries, ultra-capacitors and fuel cells are being used to increase efficiency and reliability in transportation, infrastructure, industrial equipment, and portable electronics, with the aim of creating a more sustainable, environmentally responsible, and secure economic future. Furthermore,...