Neah Power Systems Announces Ongoing Strategic Partnership with Aspen Technologies

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 DCouto, 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 companys 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.

Investor Awareness, Inc.
Lindsay Kenoe or James Foy
847-945-2222
ir@neahpower.com

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