UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): 10/20/2015
Neah Power Systems, Inc.
(Exact Name of Registrant as Specified in Charter)
| Nevada | 000-49962 | 88-0418806 |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 22118 20th Avenue SE, Suite 142 Bothell, Washington |
| 98021 |
| (Address of principal executive offices) |
| (Zip Code) |
Registrant’s telephone number, including area code: (425) 424-3324
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Information About Forward-Looking Statements
This Current Report on Form 8-K of contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Neah Power Systems, Inc.’s financial and operational results reflected herein should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this Current Report on Form 8-K, except historical and factual information, represents forward-looking statements. This includes all statements about the Company’s plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission (the “SEC”).
Item 8.01 Other Events
On October 20, 2015 the Company issued a press release on Improved Formira Hydrogen-on-Demand Product and BASF as a preferred supplier.
The press release and whitepaper is attached as Exhibits 99.1 and 99.2.
Item 9.01 Financial Statements and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
| Exhibit No. | Description |
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| 99.1 | Press release dated October 20, 2015 regarding Improved Formira Hydrogen-on-Demand Product and BASF as a preferred supplier |
| 99.2 | Whitepaper on Formic Acid Hydrogen Reformer for Fuel Cells |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| Neah Power Systems, Inc. | |
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| By: | /s/ David Schmidt |
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| David Schmidt |
|
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| Acting Principal Financial Officer |
Date: October 20, 2015
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Neah Power Systems Releases Improved Formira Hydrogen-on-Demand Product
Product targeted for stand-alone off-the-grid applications, BASF is preferred supplier
Bothell, WA (Date, 2015) – Neah Power Systems, Inc. (OTCBB: NPWZ, NEAH POWER) an emerging leader in fuel cell-based power solutions and rechargeable lithium battery storage solutions for defense, commercial, and consumer applications, proudly announced the launch of the improved Formira HOD® platform, releasing a video that can be viewed online (YouTube Link: https://www.youtube.com/watch?v=NQiQ-I77DPc) and the white paper and spec sheet for the product that allows potential customers to estimate the size of the fuel cell for their specific application (PDF Download: http://dtn.fm/Formic-Acid-Hydrogen-Reformer-for-Fuel-Cells). The Company also noted that it has chosen BASF to be its preferred supplier of formic acid for the Formira HOD platform through its global network of production and distribution sites.
President and CEO of NEAH POWER said, “We are so proud to be launching this improved product. We believe this is the most energy dense, safe, cost effective, liquid source for the generation of hydrogen. The hydrogen can be used for a variety of applications, as a fuel for fuel cells, for metals processing, and other applications. We have also taken the unusual step of posting our product spec sheet on the website, with a simple calculator that customers can use to determine the size of a system for their specific application”. He further noted, “Unlike other reformer technologies, we use the same fuel source (formic acid) to run the reformer and to generate hydrogen, and the fuel contains less than 5% water, unlike other reformers that can contain 30% or more water. The hydrogen generated is consumed by the fuel cell, and we do not store the gaseous hydrogen, addressing various safety and handling concerns related to compressed hydrogen use in fuel cells.”.
This Formira HOD® product has generated significant interest from customers and partners due to the lack of alternate high energy density, instantly rechargeable solutions. These teaming agreements with Tectonica (Pvt) Ltd, Clear Path Technologies®, Silent Falcon, S4 Worldwide and Black-I Robotics allow them to incorporate the Formira HOD into their product platforms, and to partner with NEAH POWER to offer the product in other geographical markets as well. The Company will continue to update on the exciting commercialization of this disruptive product.
About Neah Power Systems, Inc
Neah Power’s core fuel cell solutions have a small form factor, recharge instantly, and operable in air and non-air environments, providing a longer life with lower total cost of ownership. Neah Power’s Solutions offerings include the patented and patent pending PowerChip®, Formira® and the BuzzBar Suite® of products. For more information please visit www.neahpower.com.
About BASF
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 17,000 employees in North America, and had sales of $20.6 billion in 2014. For more information about BASF’s North American operations, visit www.basf.us.
At BASF, we create chemistry – and have been doing so for 150 years. Our portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. As the world’s leading chemical company, we combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of over €74 billion in 2014 and around 113,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com.
For more information, or customer enquiries, please contact
Neah Power Systems Inc. Contact:
David Schmidt
dschmidt@neahpower.com
425 424 3324 ext 105
BASF Contact:
Albania Lara
Tel.: (973) 245-5764
Email: albania.lara@basf.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, and Neah Power does not undertake any responsibility to update any of these statements in the future. Please read Neah Power’s Form 10-K for the fiscal year ended September 30, 2014 and its Quarterly Reports on Form 10-Q for a discussion of such risks, uncertainties and other factors.