NEAH Power Systems’s President and CEO Dr. Chris D’Couto told the investment community today that the company is working with Ed Cabrera, an investment banker and board member of NEAH Power Systems, Inc., to move up to the AMEX trading platform.

“In the last month, NEAH Power has seen significant growth and completion of deliverables. During this time, the company has made two technological breakthroughs in one of the most relevant industries of the future, namely alternate energy,” Dr. D’Couto stated.

He continued, “As part of our growth, we anticipate orders and contracts not only in the USA but around the world, and those contracts will lead to a need to finance production. As part of the overall growth and positioning of the company, NEAH will work with Jesup & Lamont to be listed on the American Exchange.”

Mr. Cabrera is the Executive Managing Director of New York-based Jesup & Lamont, one of the largest broker-dealers in the Southern U.S. with over 340 financial consultants in 48 retail offices. With more than 20 years of experience as an investment banker, equity analyst, market strategist and portfolio manager at Merrill Lynch, he was selected for the 2000 Millennium edition of Who’s Who in Finance and has been named to the All-America team by Institutional Investor for the quality of his work.