Neah Power Systems, Inc. (NPWZ.OB) Expands Management Capability as Company Moves Toward Revenue Generation

 @ibtimes
on February 09 2010 5:04 AM

Neah Power Systems Inc. is developing long-lasting, efficient, safe and renewable power solutions for the consumer, industrial and military markets. Neah uses a unique, patented, porous, silicon-based design for its micro fuel cells that enable higher power densities and lower cost.

The company announced today that Neal Kaufman will assist management in the company’s transition from primarily a research and development firm to one that has products moving towards commercialization and revenue generation. Neah Power feels this is necessary as it moves to its next stage in development. The company has made significant strides in technology and product development as well as operating cost reductions. Neah Power’s unique fuel cell has shown continuous run times of more than 2,000 hours and the company is now taking orders for their fuel cells.

Mr. Kaufman will join the advisory committee of Neah Power. He has significant experience working with large and small high-tech companies, leveraging advanced technologies to bring products to the market. Mr. Kaufman has provided support to organizations looking to expand and grow new clean technology efforts.

Recently, Mr. Kaufman was an investment banker focused on bringing capital to support new business efforts in this growing sector. Prior to that, he was CEO of a publicly-traded company focused on using recycled composite materials to replace existing chemically treated wood products. From 2001 to 2005, he worked at 3Com Corporation, where he was responsible for stackable switch and SMB products. Mr. Kaufman also worked for NBC Internet, opening and running international offices. He began his career at McKinsey, working in the US, Europe and South America.

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