CORAL SPRINGS, Florida, March 16, 2016 /PRNewswire/ --
Researchers & Tech engineers race to improve fuel cell technology as the demand for clean energy sources continues to rise for Governmental, Transportation, Military and portable electronics applications. Sustainable energy, battery products & Fuel Cell production companies with recent achievements of importance in the market today: Neah Power Systems, Inc. (OTCBB: NPWZ) (OTC: NPWZ), FuelCell Energy, Inc. (NASDAQ: FCEL), Plug Power Inc. (NASDAQ: PLUG), Energizer Holdings, Inc. (NYSE: ENR) and Axion Power International, Inc. (NASDAQ: AXPW)
Neah Power Systems, Inc. (OTCBB: NPWZ) (OTC: NPWZ) - today issued the following letter to shareholders: Neah Power is enthused about the ongoing capitalization and commercialization activities at the Company and the opportunity to share these developments with you. For recent followers of the Company, we want to highlight our key products. We have the PowerChip® anaerobic (non-air) fuel cell, most recently accepted by the Defense Research and Development Organization (DRDO) of the Government of India. We also have the Formira Hydrogen on Demand (Formira HOD), the most energy dense solution for the generation of hydrogen from a safe liquid source. The BuzzBar Suite is an off-grid charging solution for consumer and commercial applications. We shipped our BuzzBar Gen2 product, and have a Gen3 design that will ship once we close the next round of financing. Finally, we have the PowerChip® Battery under development that has shown industry leading performance. All of our products and technologies are covered by 14 patents, 12 pending patent applications and various trade secrets and know how.
Capitalization: Our previously announced financing of $6M in debt financing, with a $4.75M drawdown at closing has been delayed but the investor updates us constantly. They have reported receiving funds from their investor now for the last eight weeks, and once various banking and fund set up fees have been paid, they have stated they will start funding NEAH. This investor has a very credible multi-year track record of investing in market disrupting emerging technology companies. The details of this investment were previously disclosed in the December 2015 letter to shareholders. The financing is critical to execute on the business plan of the Company. The Company is also evaluating other financing options. To read the full Business Update from NEAH Power (NPWZ) that includes bullet points of recent developments and future plans, please go to: http://www.financialnewsmedia.com/profiles/npwz.html
In other energy/fuel cell technology news and happenings: FuelCell Energy, Inc. (NASDAQ: FCEL), a global leader in the design, manufacture, operation and service of ultra-clean, efficient and reliable fuel cell power plants, reported last week financial results for its first quarter ended January 31, 2016 and key business highlights. Financial Results: FuelCell Energy (the Company) reported total revenues for the first quarter of 2016 of $33.5 million compared to $41.7 million for the comparable prior year period. Revenue components include: - Product sales of $25.1 million for the current period compared to $33.4 million for the comparable prior year period - Service agreements and license revenues of $6.3 million for the current period compared to $3.9 million for the comparable prior year period - Advanced Technologies contract revenues of $2.1 million for the current period compared to $4.4 million for the comparable prior year period. Read the full report at https://finance.yahoo.com/news/fuelcell-energy-reports-first-quarter-234412531.html
Plug Power Inc. (NASDAQ: PLUG), a leader in providing clean, reliable energy solutions, recently announced participation at a number of global industry events throughout March, including LogiMAT 2016, the 12th International Hydrogen & Fuel Cell Conference, IWCE and APEC. - LogiMAT 2016, the 14th international trade fair for distribution, materials handling and information flow, will take place March 8 - 10, 2016, at the New Stuttgart Trade Fair Centre in Germany. Plug Power will exhibit in Hall 8, Stand 8F11, where it will display its GenFuel hydrogen infrastructure and GenDrive fuel cells for electric forklifts, pallet jacks and other material handling truck fleets. - Plug Power's Vice President of Global Sales, Jose Luis Crespo, will speak at the 12th International Hydrogen & Fuel Cell Conference on March 15. The event, which will focus on the commercialization of hydrogen and fuel cell technology, looking at small and large scale static applications alongside the exciting developments in transport and storage, will take place at the National Exhibition Centre in Birmingham, England. - Plug Power will be represented at IWCE's New Network Infrastructure Forum, held March 22-23 at the Las Vegas Convention Center in Las Vegas, NV. On March 22, from 2:00-3:00 pm PDT, Mark Cohen, Plug Power Vice President of Product Management, Stationary Power, will highlight hydrogen and fuel cell solutions on the panel "The 21st Century Cell Site: How Technology is Revolutionizing It." - The premier global event in applied power electronics, APEC 2016 is happening March 20-24, 2016 at the Long Beach, Calif., Convention & Entertainment Center. Plug Power's Western Region Vice President of Sales, Fernando Corral, will speak on March 23, 2016 at 3:15 pm PDT as part of the Transportation Power Electronics Session with a presentation on viable fuel cell solutions for material handling applications.
On the heels of launching Energizer® EcoAdvanced® batteries, the first-ever AA batteries made with 4 percent recycled battery material, Energizer Holdings, Inc. (NYSE: ENR) introduced another world's first with its rechargeable AA and AAA batteries made with recycled batteries. Energizer Recharge® batteries are made with 4 percent recycled battery material, provide consumers with long-lasting power that can be recharged hundreds of times, and reduce the impact on the planet. "Energizer Recharge is another step forward in our vision that all Energizer batteries contain some amount of recycled battery materials," said Michelle Atkinson, Energizer Chief Consumer Officer. "Our scientists partnered with rechargeable suppliers to build on the knowledge and experience from Energizer EcoAdvanced and identified a process to use recycled content in our rechargeable batteries without sacrificing performance, an idea previously not thought possible by industry experts."
Axion Power International, Inc. (NASDAQ: AXPW), a technology leader in lead-carbon energy storage, has teamed up with the Tennessee office of France-based Schneider Electric and Chattanooga, TN-based Tennessee Solar Solutions to install an off-grid energy system, utilizing solar panels, battery storage and power electronics, to power a mobile sustainability lab developed by Urban Green Lab, a Nashville area non-profit group, as an educational platform to bring green education workshops to area schools, businesses and other public events on topics such as renewable energy and other sustainability initiatives.
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