Neah Sees Remote Area Power Systems Solution for 1.5 Billion People Without Electricity
November 19, 2009 (FinancialWire) — Neah Power Systems, Inc., (OTCBB: NPWZ), the company developing fuel cell-based renewable energy, revealed a new white paper titled “Remote Area Power Systems for off-the-grid power,” which specifically details its patented solution and the market for renewable energy, off-the-grid systems, as well as Neah’s plans to integrate its fuel cell into these systems.
“A critical need in developing countries such as Africa, China, India, and other areas is electricity, where better than one-and-half billion people live without it,” said Dr. Tsali Cross, Neah vice president of Engineering. “Remote Area Power Supplies enable off-the-grid power. We have letters of intent from EKO vehicles, of India, for these systems, and significant interest from other customers, principally in Asia, who operate off-the-grid, have poor grid infrastructure, or both.”
Chris D’Couto, Neah CEO, pointed out that economic development in vast areas of the world is being held back by lack of reliable, low-cost electricity. “RAPS provides solutions that are off the grid, are renewable energy-based, and leverage our subsidiary Solcool’s energy management systems for generation and storage. These can be deployed relatively quickly and can bring a better life for many millions of people. That is what chiefly motivates us.”
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