CAMBRIDGE, Mass., Sept. 20 /PRNewswire/ -- Neah Power Systems, an emerging leader in the micro fuel cell industry, today announced that Leroy Ohlsen, the company's co-founder and CTO, has been named to the 2004 list of the world's 100 Top Young Innovators by Technology Review, MIT's Magazine of Innovation. Chosen by the editors of Technology Review and an elite panel of judges, the TR100 consists of 100 individuals under the age of 35 whose innovative work in technology has a profound impact on today's world. This year's nominees are recognized for their contributions in transforming the nature of technology and business in industries such as biotechnology and medicine, computing, and nanotechnology. Ohlsen will be recognized along with the rest of the TR100 during Technology Review's Emerging Technologies Conference, to be held September 29th-30th on the Massachusetts Institute of Technology campus in Cambridge, MA. Triggered by a long fascination with fuel cell technology and its market potential, Leroy Ohlsen co-founded Neah Power Systems soon after receiving his B.S. in Chemistry from the University of Washington. Focusing on small fuel cells for portable devices, Ohlsen and his team concluded that the dominant industry design, centered around a proton exchange membrane (PEM), had fundamental chemical and physical limitations, which would prohibit the systems from providing adequate power and energy in small physical form-factors. An innovative silicon-based electrode and fuel cell design were then developed, which promised to dramatically expand the chemical reaction surface area and provide high power in a small package. Prototypes are currently being developed, and if successful, have the potential to increase the operating time of notebook computers and other portable electronic devices multiple times beyond that of conventional batteries. As the thirst for portable power shows no signs of abating, Neah Power's innovation could conceivably revolutionize micro fuel cell design and change the way millions of users power portable computers and other electronic devices. The 2004 TR100's unparalleled panel of judges includes senior executives from the following organizations: Boston University, Caltech, Cambridge University, CombinatoRx, Concept2Company, Cornell University, General Electric, Geekcorps, Georgia Tech, Harvard Medical School, Hewlett-Packard, IBM, Intellectual Ventures, Microsoft, MIT, Northwestern University, PureTech Ventures, Singapore Institute of Bioengineering and Nanotechnology, TIAX, Wharton, Xerox, and YankeeTek Ventures. "In the five years since we began naming our annual selection of the world's top innovators under age 35, inclusion among the TR100 has become one of the most prestigious awards for young innovators around the world," said David Rotman, executive editor of Technology Review. "This year's winners are all pioneering fascinating innovations in the fields of biomedicine, computing and nanotechnology, and were chosen after a rigorous selection and judging process. The result is an elite group whose visions and inventions will shape the future of technology." About Technology Review, Inc. Technology Review, Inc., an MIT Enterprise, delivers essential information about emerging technologies and their impact on business leaders. With its signature events, newsletters, and online businesses, Technology Review reaches over two million business leaders throughout the world each month. The TR100 event features keynotes, panels and breakout discussions on the transformative technological innovations that have the potential to fuel new economic growth and dramatically change the future. Keynote speakers include Vinod Khosla, founding CEO of Sun Microsystems and General Partner at Kleiner, Perkins, Caufield & Byers; Ray Kurzweil, renowned inventor, author and founder of Kurzweil Technologies; and Rick Wagoner, chairman of General Motors. More information on ETC2004 can be found at www.tretc.com. About Neah Power Systems Neah Power Systems is a micro fuel cell development company using a patented, silicon-based design to provide long-lasting, efficient, and safe power solutions for portable electronic devices, including notebook PCs and other power-hungry computer, entertainment, and communications products. As an emerging leader in fuel cell technology and design, Neah Power Systems believes that its products will allow users to extend the operating time of their devices multiple times beyond that of conventional batteries. Key investors include Alta Partners, Frazier Technology Ventures, Castile Ventures, WestAM and Intel Capital. Neah Power Systems is headquartered just outside of Seattle in Bothell, Wash. Further company information can be found at www.neahpower.com or by calling 425-424-3324. Contact: For Leroy Ohlsen: Valerie Chan The Pembroke Network email@example.com 206-856-7885 For TR100 and Technology Review: Kristen Collins KMC Partners firstname.lastname@example.org 617-833.5574
SOURCE Neah Power Systems, Inc.