BOTHELL, Wash., Mar. 17, 2015 /PRNewswire/ -- NEAH Power Systems, Inc. (OTCBB: NPWZ) (OTC: NPWZ) and Tectonica Australia (Tectonica) announced an international partnership agreement to integrate the formic acid reformer (Formira HOD™) with Tectonica's BANTAM System and into new products developed using Tectonica's system integration expertise to offer integrated, robust, off-the-grid and on-demand power generation/solutions for a variety of markets. In addition to this product integration, since Neah and Tectonica have marketing presence in different global geographic regions, the agreement allows each company to market their new partners' products in areas where they already have a strong client base. This joint marketing relationship offers strong economic possibilities to both companies with no capital investment necessary.
"We are thrilled to team with Tectonica for business and product development. Their system integration expertise allows us to integrate the Formira HODTM platform into a seamless, user focused power-on-demand system for defense, commercial and other off-the-grid requirements. Our business relationships in the US and India can further our common business interests to meet the critical power needs of our customers," said Dr. Chris D'Couto, President and CEO of Neah Power Systems, Inc. "With the user friendly, intuitive design of Tectonica's BANTAM Power Management System, even in the heat of battle, the powering of mission-critical devices such as night vision goggles or satellite telephones can be managed from a single power source, easily and with confidence.
David Levy, Managing Director of Tectonica said, "The companies' complementary products and expertise make this an exciting partnership. The Formira HODTM platform's exceptional energy density and simplicity to use make it a logical choice to add on-demand power to the BANTAM system. Together, Neah and Tectonica will continue to improve the power solutions available to customers unsupported by grid power. Our established relationships in Australia and internationally, including the United Kingdom and South East Asia, are very complementary to Neah's, and will serve to extend the reach of both companies to deliver real power solutions to our customers and we look forward to continue developing integrated, user-focused power solutions for global distribution."
About Neah Power Systems, Inc
Neah Power Systems, Inc. is an innovator and supplier of cutting-edge power solutions for the military, transportation and portable electronics industries. Neah Power's long-lasting, efficient, and safe solutions include patented and patent pending PowerChip®, Formira® and the BuzzBar Suite® of products. Most recently, Neah Power Systems was a 2012 ZINO Green Finalist, 2010 WTIA Finalist, and 2010 Best of What's New Popular Science Award. For more information visit www.neahpower.com.
Tectonica Australia is a leading defense and security systems integrator. Since 2002, Tectonica has developed fully integrated systems for armored vehicles, ground stations and soldiers. In partnership with local and international organizations, Tectonica offers a comprehensive range of defense and security solutions in the areas of http://www.tectonica.net/land-systems/tactical-navigation/protected-land-navigation-system Protected Navigation, Portable Power, Command, Control, Communications, Computer, Intelligence and Electronic Warfare (C4IEW) and Crew Survivability. Tectonica is focused on providing Australian Department of Defense, Defense Industry, Government and Security clients with cutting edge technology to meet the capability challenges of the future. For more information visit www.tectonica.net
Forward Looking Statements
Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements," which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, and the Company does not undertake any responsibility to update any of these statements in the future. Please read Neah Power System's Form 10-K for the fiscal year ended September 30, 2014 and its Quarterly Reports on Form 10-Q filed with the SEC during fiscal 2015 for a discussion of such risks, uncertainties and other factors.
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SOURCE Neah Power Systems, Inc.