MIT's Magazine of Innovation, Technology Review, Names Leroy Ohlsen One of the World's Top Young Innovators

Ohlsen One of 100 Innovators to be Honored September 29 - 30 at Technology

Review's Emerging Technologies Conference at MIT

Sep 20, 2004, 01:00 ET from Neah Power Systems, Inc.

    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
     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 or by calling 425-424-3324.
      For Leroy Ohlsen:
      Valerie Chan
      The Pembroke Network
      For TR100 and Technology Review:
      Kristen Collins
      KMC Partners

SOURCE Neah Power Systems, Inc.