CORAL SPRINGS, Florida, October 20, 2015 /PRNewswire/ --
Hydrogen fuel based power technologies focus on the opportunity for military, companies and consumers to increase productivity, improve operational efficiency while reducing greenhouse gas emissions and increase energy security as leading advanced technology companies such as; Neah Power Systems, Inc. (OTCBB: NPWZ), Ballard Power Systems (NASDAQ: BLDP), Plug Power Inc. (NASDAQ: PLUG) and many other hydrogen producing players, develop latest and improved hydrogen fuel cell based technologies.
Neah Power Systems, Inc. (OTCBB: NPWZ) an emerging leader in fuel cell-based power solutions and rechargeable lithium battery storage solutions for defense, commercial, and consumer applications, proudly announced the launch of the improved Formira HOD® platform, releasing a video that can be viewed here (…) and the white paper and spec sheet for the product that allows potential customers to estimate the size of the fuel cell for their specific application (add link). The Company also noted that it has chosen BASF (OTC: BASFY) to be its preferred supplier of formic acid for the Formira HOD platform through its global network of production and distribution sites. President and CEO of NEAH POWER said, "We are so proud to be launching this improved product. We believe this is the most energy dense, safe, cost effective, liquid source for the generation of hydrogen. The hydrogen can be used for a variety of applications, as a fuel for fuel cells, for metals processing, and other applications. We have also taken the unusual step of posting our product spec sheet on the website, with a simple calculator that customers can use to determine the size of a system for their specific application". He further noted, "Unlike other reformer technologies, we use the same fuel source (formic acid) to run the reformer and to generate hydrogen, and the fuel contains less than 5% water, unlike other reformers that can contain 30% or more water. The hydrogen generated is consumed by the fuel cell, and we do not store the gaseous hydrogen, addressing various safety and handling concerns related to compressed hydrogen use in fuel cells."
Read the full NPWZ Press Release at http://www.financialnewsmedia.com/profiles/npwz.html
This Formira HOD® product has generated significant interest from customers and partners due to the lack of alternate high energy density, instantly rechargeable solutions. These teaming agreements with Tectonica (Pvt) Ltd, Clear Path Technologies®, Silent Falcon, S4 Worldwide and Black-I Robotics allow them to incorporate the Formira HOD into their product platforms, and to partner with NEAH POWER to offer the product in other geographical markets as well. The Company will continue to update on the exciting commercialization of this disruptive product.
In other fuel, power and military product developments and advancements: Ballard Power Systems (NASDAQ: BLDP) last month announced receipt of a purchase order from Aditya Birla Group for fifty (50) ElectraGenTM-H2 direct hydrogen modules that will be deployed in the Idea Cellular network in India (http://www.ideacellular.com). All modules are expected to be shipped in 2015. This order represents the first step in a planned deployment of as many as 200 systems by the end of 2016. The Aditya Birla Group is a US$41 billion conglomerate with 120,000 employees in 42 countries. Idea Cellular, is one of India's largest wireless service providers and is a member company of the Aditya Birla Group of companies. Idea Cellular has 165 million subscribers, including 37 million data users, and revenue of US$5 billion which represents 18% market share. Idea Cellular has untaken extensive testing and trialing of Ballard's ElectraGenTM product since late-2013.
Plug Power Inc. (NASDAQ: PLUG), a leader in providing clean, reliable energy solutions, highlights that it has realized a second consecutive quarter of record revenue. More than $30 million of revenue was earned in the third quarter of 2015, gained through accelerated fuel cell and hydrogen infrastructure shipments and installations. Additionally, the company remains on track to attain 2015 financial targets. "Our business growth continues at a regular cadence of customer adoption and commissioning. Plug Power is again recognizing a record revenue quarter that falls right in line with our established goals," said Andy Marsh, CEO at Plug Power. "Every day we receive positive feedback from customers who use our products to save money and improve productivity, and this really drives the innovation and pride within our doors."
Founded in 2000, Minnesota based Cymbet Corporation has taken in just shy of $70 million in funding from investors such as Dow Chemical (NYSE: DOW), Texas Instruments (NASDAQ: TXN ), and Intel. Cymbet uses a traditional semiconductor fabrication process to produce a rechargeable battery called the EnerChip which contains no liquids, gels, or harmful chemicals. With two U.S. based manufacturing plants, Cymbet has become the world's largest volume manufacturer of solid state batteries. While Cymbet appears to be the clear leader in the solid state battery space, the technology seems prohibitively expensive to use on anything but the smallest of applications. The EnerChip solid state battery is 10x smaller than non-rechargeable coin cell batteries and lasts 3x as long with an estimated life of 10 years. SOURCE: http://www.nanalyze.com/2015/10/cymbet-solid-state-batteries-with-energy-harvesting/
As the U.S. Armed Forces seek to improve agility and mobility, the U.S. Army is making great efforts to reduce the weight soldiers must carry without sacrificing protection. Body armor is vital to that effort. Ceradyne, Inc., a 3M company (NYSE: MMM), received a contract modification worth $34 million from the Army to provide 28,000 pieces of body armor under the Soldier Protection Systems Vital Torso Protection program for lightweight enhanced small arms protective inserts (ESAPI). Worn by U.S. soldiers, sailors, airmen and Marines, ESAPI ceramic armor plates are inserted into outer modular tactical vests to provide torso protection against small arms fire. Ceradyne-produced ESAPI plates reduce weight significantly over the previous generation of inserts while providing the same level of protection.
FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services. If you would like more information regarding our news coverage solutions, please visit http://www.financialnewsmedia.com for more details. Get an edge on the market with our Premium News Alerts that are FREE for a limited time at financialnewsmedia.com/. Follow us on Facebook: facebook.com/financialnewsmedia and Twitter: twitter.com/FNMgroup.
DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNMG has been compensated one thousand nine hundred dollars for news coverage of the current press release issued by Neah Power Systems, Inc. by the company. FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.
SOURCE FN Media Group LLC