Neah Power Issues Frost and Sullivan Report on Fuel Cells and Remote Area Power Supplies

Neah Power Systems, Inc. (OTCBB: NPWZ | PowerRating), www.neahpower.com, the Company developing fuel cell-based renewable energy solutions, announced that a Frost and Sullivan report titled "Fuel cells and remote area power supplies -- Industry progress report" is now available on its website.

MarketResearch.com, proprietor of Frost & Sullivan, is the world's largest and continuously updated collection of market research, offering more than 250,000 market research reports from over 650 leading global publishers. MarketResearch.com is a leading source for market data, trends, and analysis in all major industries worldwide, including Walt Disney Company, Kellogg Company, Johnson & Johnson, Nestle, PepsiCo, Kraft, Procter & Gamble, The Hershey Company, Pfizer, and many others.

Dr. Chris D'Couto, Neah CEO, pointed out that the report by the independent market research firm of Frost and Sullivan discusses the opportunities for fuel cells and remote area power supplies. The report also discusses the various technologies serving these markets, and a detailed overview of the Neah fuel cell products and remote area power supplies.

A copy of this report can be downloaded at the company's Web site: www.neahpower.com.

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, and is developing energy storage solutions based on its proprietary porous silicon technology.

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.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Neah Power Systems, Inc.

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