BOTHELL, Wash., March 1, 2010 (GLOBE NEWSWIRE) -- Neah Power Systems (OTCBB:NPWZ), the company leading development in fuel cells for the military and portable electronic devices, www.neahpower.com, is sending Dr. Chris D'Couto, its President & Chief Executive Officer, to Bangkok March 12, 2010, to present Neah Power's products and services to Government and Business Leaders from around the world, including delegates from The Nobel Foundation, Asian Development Bank, Bayer, Emerson, McKinnon & Clarke, and the German and Thai Governments, at the first "Save Our Planet 1", the first in a series of conferences being organized by ABBC, the Asean Affairs Business Council.
Neah will also be represented at the 7th Asean Leadership Forum in Kuala Lumpur, jointly organized by Alsi & AseanAffairs. A Global Summit on East Asia (Asean + 6: China, Japan, S Korea, India, Australia and N Zealand) organized by AseanAffairs and partners. In June, Neah will attend the Global India Business Meeting, in Madrid, Spain, organized by Horasis, of Switzerland.
The ABBC conference will be held in different Asean capitals (Singapore, Kuala Lumpur, Jakarta, Ho Chi Minh) in 2010, culminating in a mega conference at the end of the year. The conference seeks to enlighten leaders in business and government in Southeast Asia to the outcome of the Copenhagen Climate Conference, create awareness of our growing carbon footprint, and find sustainable solutions for individuals, businesses, civic society and governments to contribute towards saving our planet from catastrophic consequences before it is too late. Asean Affairs Business Council (AABC) is the forum of Southeast Asia's global publication, Asean Affairs. AABC is the platform to discuss the leading issues facing the world and how they impact Asean's 560 million people across the 10 member countries.
About Asean Affairs
In June 2009, AseanAffairs hosted The Sixth Asean Leadership Forum with Prime Minister Abhisit Vejjajiva of Thailand as the keynote speaker with participation from 200 business and government leaders across Southeast Asia. The Asian Development Bank (ADB), a lender to developing countries in Asia, plans to help raise more than US$2 billion in private equity and venture capital to boost clean-energy spending in the region, an official said. The bank is evaluating a program to invest as much as US$100 million in venture capital funds to raise US$1 billion and is investing US$100 million in five private equity funds, which plan to finish raising US$1 billion by next year, said M. Shin Kim, an investment specialist with ADB. ADB plans to "channel" around US$700 million from two new investment funds to its member countries as part of a global initiative to help developing countries meet the cost of combating climate change, it said on December 3. ADB is increasing its exposure to pollution-reduction projects and promoting private investment, while in Copenhagen world leaders are meeting to forge a new global climate treaty. http://www.aseanaffairs.com/event/aabc/march10
About Neah Power
Neah Power Systems, Inc. (NPWZ) is developing long-lasting, efficient and safe power solutions for the military and for portable electronic devices. Neah uses a unique, patented, silicon-based design for its micro fuel cells that enable higher power densities, lower cost and compact form-factors. The company's micro fuel cell system can run in aerobic and anaerobic modes.
Further company information can be found at www.neahpower.com.
Forward-Looking Statements
Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements," which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. See Neah Power System's Form 10-KSB for the fiscal year ended September 30, 2008 for a discussion of such risks, uncertainties and other factors. These forward-looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future.