CybeRelease: (OTC: NPWS) Neah Power Systems Leaps Ahead

(CybeRelease, May 3, 2006) - Lake Harmony, PA - Neah Power Systems (OTC: NPWS) is a company operating in the hot alternative energy sector and selected by Intel Capital, Intel Corporation’s (NASDAQ: INTC) strategic investment program, that released its Form 10-SB on May 1st. If you’ve never seen one of these it’s easy to get lost, but if you know where to look it had a ton of great news.

Neah Power’s patented direct methanol micro fuel cells, based on porous silicon, truly have the potential to become the dominant portable electronic device power pack and it’s getting ready to rollout. Plus it’s carrying very little debt, the Company reported a retained deficit of nearly $21.6 million, which is very low for this stage of R&D, especially compared to its peers in the alternative energy sector, like Medis Technologies Ltd. (NASDAQ: MDTL) which has generated an accumulated deficit of approximately $143,731,000 from April 1992 through December 31, 2005. Things could get interesting for these competing technologies, MDTL and NPWS are both aiming for product rollout near the end of the year, or beginning of next, but the opportunity appears to be with the company that is trading in the mid $3 range, compared to the $30 MDTL.

These fuel cells will be targeted for the tactical military devices and portable electronic devices market, including laptops, cell phones and PDA’s. The market, in 2005, was valued at over $6 billion. Stay tuned; this is just starting to get interesting.
CybeRelease Gainers are Pacific Ethanol, Inc.

(Nasdaq: PEIX), Gulfport Energy Corporation (Nasdaq: GPOR), Mechanical Technology Incorporated (Nasdaq: MKTY), Callidus Software, Inc. (Nasdaq: CALD), Renaissance Learning, Inc. (Nasdaq: RLRN), United States Lime & Minerals, Inc. (Nasdaq: USLM), MOCON, Inc. (Nasdaq: MOCO) and Vical Incorporated (Nasdaq: VICL).
CybeRelease Decliners are ArQule, Inc. (Nasdaq: ARQL), Selectica, Inc. (Nasdaq: SLTC), EDAP TMS S.A. (Nasdaq: EDAP), Barrier Therapeutics, Inc. (Nasdaq: BTRX), LanVision Systems, Inc. (Nasdaq: LANV), Astea International, Inc. (Nasdaq: ATEA), Tollgrade Communications, Inc. (Nasdaq: TLGD) and Quality Distribution, Inc. (Nasdaq: QLTY).

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