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NEAH Power Systems and S4 Worldwide Enter Business and Product Development Agreement
Sep. 17, 2015 01:28PM PST
Cleantech InvestingNEAH Power Systems (OTCBB: NPWZ) has entered into a teaming agreement with S4W Worldwide Technologies. As per the agreement, both companies will work to combine NEAH POWER’s patented power and energy storage technologies with S4W’s security and defence products.
NEAH Power Systems (OTCBB: NPWZ) has entered into a teaming agreement with S4W Worldwide Technologies. As per the agreement, both companies will work to combine NEAH POWER’s patented power and energy storage technologies with S4W’s security and defence products.
According to the press release:
Under the agreement, NEAH POWER will deliver commercial units of its patented formic acid reformer fuel cell (Formira HOD™) and engineering units of its PowerChip® fuel cell and PowerChip® Battery. In addition, NEAH POWER will provide S4W with engineering and technical support to ensure successful integration into S4W’s products.
The agreement, which allows NEAH POWER and S4W to cooperatively market each of the other’s products, is expected to expand the number of distribution and sales channels available to the partners, and allow each to fully exploit the capabilities and growing customer bases of the other, with high capital efficiency.
Of particular focus in the agreement, is the cooperation of the parties on the anticipated commercialization and release of NEAH POWER’s ground breaking porous silicon-chip based PowerChip® Battery. In connection with the agreement, NEAH POWER will deliver S4W, as a preferred partner, initial production runs of the PowerChip® Battery for incorporation in S4W’s state-of-the-art body worn cameras currently being marketed to police and security professionals worldwide.
