2008-07-15 08:00:00
Aspen Technologies to provide high reliability microelectronic
packaging and manufacturing solutions
BOTHELL, Wash.–(EMWNews)–Neah Power Systems, Inc., (OTCBB: NPWS), a leading developer of fuel
cells for military, industrial and consumer portable electronic devices,
announced today that it has an ongoing strategic relationship with Aspen
Technologies to utilize their high-reliability semiconductor packaging
expertise in commercializing its silicon based fuel cell systems. Aspen
Technologies is a world-class advanced-packaging service provider
enabling its customers to rapidly bring new products to market through
the creative application of advanced microelectronic package and
assembly technologies, innovative engineering, and scalable
manufacturing solutions.
Jack Harrison, CEO of Aspen Technologies said, “We
are pleased that Neah Power has engaged us for our packaging expertise
and manufacturing capabilities. We are accustomed to developing and
manufacturing extremely complex devices with tight intellectual property
security requirements. Our assembly services include quick-turn
engineering prototypes to fully manufactured devices under SPC control.
We look forward to a mutually beneficial relationship with Neah Power
Systems and our participation in commercializing its proprietary fuel
cell technology.”
Dr. Chris D’Couto, President and CEO of Neah
Power said, “We have been working with Aspen
Technologies to develop high reliability and longer lifetime packaging
for our electrochemical cells. We are impressed with Aspen Technologies
capabilities, in-house expertise, and their commitment to their
customers. We are pleased to have Aspen Technologies contribute to our
initial low-volume production run. Aspen Technologies expertise extends
beyond just solving unique semiconductor packaging problems, but also
includes fabrication sourcing and high volume manufacturing. Our
differentiated product enables this multi-sourced manufacturing model;
this is another example of how we are leveraging outside world-class
expertise to facilitate the commercialization of our product.”
About Neah Power
Neah Power Systems, Inc. (NPWS) is developing long-lasting, efficient
and safe power solutions for portable electronic devices, including
notebook PCs, military radios and other power-hungry products. The
market size for portable power is estimated in the multi-billion dollar
range by the research group Frost and Sullivan. Neah Power uses a
unique, patented, silicon-based design for its micro fuel cells that
enable higher power densities. This enables lighter-weight, smaller
form-factors and lower cost products, as well as an outsourced
manufacturing model. The company’s working
micro fuel cell prototype, which was demonstrated on September 28, 2007,
runs as a closed-loop system without requiring air as an oxidant.
Further company information can be found at www.neahpower.com.
About Aspen Technologies.
Aspen Technologies enables its customers to rapidly bring new products
to market through the creative application of advanced microelectronic
package and assembly technologies, innovative engineering, and scalable
manufacturing solutions. Aspen has a large customer base, developing and
manufacturing products for many leading IC, MEMS, biomedical, start-up
companies and military suppliers. Aspen has become a proven leader with
an experienced engineering staff having more than 270 years of IC and
MEMS experience in standard and cutting-edge microelectronic packaging
technologies. Aspen Technologies is ISO 9001:2000 certified as part of
its strong commitment to excellence in quality, fast time-to-market,
continuous improvement, and cost reductions.
For more information about Aspen Technologies, please visit www.aspentechnologies.com.
Forward-Looking Statements
This press release contains forward looking statements and made pursuant
to the Safe Harbor provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements reflect numerous
assumptions and involve a variety of risks and uncertainties, many of
which are beyond the company’s control that may cause actual results to
differ materially from stated expectations. Factors that might cause
such material difference include, among others, our limited operating
history, potential research and prototype delays, difficulties in
developing and commercializing new technologies.
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