August 4, 2009 (FinancialWire) — Neah Power Systems, Inc.,  (OTCBB: NPWZ), a developer of fuel cells for the military and portable electronic devices, announced  that Dr. Chris D’Couto, the company’s CEO, has been invited by the U.S.-India Business Council (www.usibc.com) Energy, Environment & Enterprise Executive Committee to participate, on August 6th 2009, as a panelist on the topic of ‘Large-Scale Electricity Storage in India’s Renewable Power Sector, along with panelist Saroj Sahu, CTO and Founder of Deeya Energy, with a market overview by McKinsey and company.

Neah recently announced plans, with EKO VEHICLES of Bangalore India, www.ekovehicle.com, to equip 50,000 Indian villages with Hybrid Electric Renewable Micro Energy Stations (HERMES), bringing renewable, green energy to many hundreds of thousands of people in India. This innovative technology, utilizes the energy management system developed by SolCool, One, a company Neah has agreed to acquire, will use a combination of clean solar and wind power, fuel cells and batteries to replace the very polluting diesel generators that currently provide electricity for the more than 50,000 Indian villages located 200 miles or more off the grid.

Two recent surveys done by the Reserve Bank of India, the Survey of Professional Forecasters’ and the Industrial Outlook Survey - show that the Indian economy has stabilized and is ready for a sharp rebound. The first survey shows that India’s economy is projected to grow by 6.5 per cent during the current financial year against 5.7 per cent forecast earlier. As for next year, it says the growth rate could rise to 7.5 per cent. India’s population will rise to 1.53 billion by 2050, overtaking China and making the country the world’s most populous nation.

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