$NPWZ News - NEAH Power Systems to Provide Energy Solutions For Global Security and Defense Market

BOTHELL, Wash., - (http://www.financialnewsmedia.com News Alert) - NEAH Power Systems, Inc. (OTCBB: NPWZ) (OTC: NPWZ) (the \"Company\") and Clear Path Technologies (\'Clear Path\') announced today that they have entered into a Teaming Agreement for business development and system integration, and a Memorandum of Understanding (MOU) for the distribution, resale, and support of the Company\'s products, including its Formira HODTM (Hydrogen On Demand) fuel cell to the growing global security and defense market.



The main focus of business development effort undertaken with the Teaming Agreement is to jointly pursue security and defense business with the U.S. Department of Defense, U.S. Department of Homeland Security and U.S. Department of Energy, as well as with foreign government counterparts within regions where Clear Path has established strong relationships, including the Middle East, Africa and Asia Pacific Region. Under the Teaming Agreement, Clear Path has also agreed to support NEAH Power with expert systems integration, engineering, technical and operational support.



The MOU entered into by NEAH Power and Clear Path provides the framework and terms by which a Distribution and Reseller Agreement will be executed. Said agreement will include definitive terms related to the distribution, sales, marketing and support of NEAH Power\'s products in select regions and is expected to provide NEAH Power with expansive distribution and sales channels and high-level access to governmental agencies and commercial end users.



\"We are excited to team with Clear Path to develop and support new commercial opportunities in the U.S. Government and in geographical regions in which we are not currently actively engaged,\" said Dr. Chris D\'Couto, President and CEO of Neah Power Systems, Inc. \"With their expert management, strong commercial presence, unique system integration capabilities, and valuable geographical footprint, I am confident that together we will build relationships and the distribution and sales infrastructure that will establish a global market for NEAH Power\'s products.\"



As part of this collaboration, Clear Path has already identified substantial demand for NEAH Power\'s product offerings for remote power applications in homeland defense projects through the Middle East, Asia-Pacific...