EDGEWELL PERSONAL CARE CO CORAL SPRINGS, Florida, June 5, 2015 /PRNewswire/ --
Leading power solutions & tech companies integrating advanced battery technology with micro, hydrogen fuel cell technology offer more of a practical and efficient solution for providing the highest energy & power solutions for safer and dependable products and platforms . Power solutions Companies in focus today are: Neah Power Systems, Inc. (OTC: NPWZ), Plug Power Inc. (NASDAQ: PLUG), Ballard Power Systems Inc. (NASDAQ: BLDP), Axion Power International, Inc. (NASDAQ: AXPW) and Energizer Holdings, Inc. (NYSE: ENR)
NEAH Power Systems, Inc. (OTCBB: NPWZ) and Clear Path Technologies announced today that they have entered into a Teaming Agreement for business development and system integration, and a Memorandum of Understanding (MOU) for the distribution, resale, and support of the Company's products, including its Formira HODTM (Hydrogen On Demand) fuel cell to the growing global security and defense market. The main focus of business development effort undertaken with the Teaming Agreement is to jointly pursue security and defense business with the U.S. Department of Defense, U.S. Department of Homeland Security and U.S. Department of Energy, as well as with foreign government counterparts within regions where Clear Path has established strong relationships, including the Middle East, Africa and Asia Pacific Region. Under the Teaming Agreement, Clear Path has also agreed to support NEAH Power with expert systems integration, engineering, technical and operational support.
Read the full NPWZ Shareholder Update Press Release at http://www.financialnewsmedia.com/profiles/npwz.html
The MOU entered into by NEAH Power and Clear Path provides the framework and terms by which a Distribution and Reseller Agreement will be executed. Said agreement will include definitive terms related to the distribution, sales, marketing and support of NEAH Power's products in select regions and is expected to provide NEAH Power with expansive distribution and sales channels and high-level access to governmental agencies and commercial end users. "We are excited to team with Clear Path to develop and support new commercial opportunities in the U.S. Government and in geographical regions in which we are not currently actively engaged," said Dr. Chris D'Couto, President and CEO of Neah Power Systems, Inc. "With their expert management, strong commercial presence, unique system integration capabilities, and valuable geographical footprint, I am confident that together we will build relationships and the distribution and sales infrastructure that will establish a global market for NEAH Power's products."
In other power generation news and happenings: Plug Power Inc. (NASDAQ: PLUG), a leader in providing clean, reliable energy solutions, recently announced a big box retailer as their recent new customer receiving a comprehensive GenKey hydrogen and fuel cell system to power their material handling fleet in its new distribution warehouse constructed in Troy Township near Toledo, Ohio. The GenKey installation is fully deployed, including 177 GenDrive units that will power a mix of class-2 and class-3 lift and reach trucks, a GenFuel hydrogen fuel supply and storage infrastructure, and a GenCare maintenance contract. This site is the first to deploy Plug Power's outdoor skid, the newest GenFuel enhancement. Bringing the skid in-house gives Plug Power greater quality control and positively influences the Company's gross margin roadmap.
In other power solutions provider news & happenings: Plug Power Inc. (PLUG), announced an expansion contract with Walmart Canada to provide 124 GenDrive fuel cells for its new High Velocity Distribution Center building in Balzac, Alberta, Canada. This expansion adds on to the fleet in operation since 2010 and brings the GenDrive total upwards of 230 units at the site. GenDrive hydrogen fuel cells are preferred over lead-acid batteries as they allow customers to see increased productivity from their lift truck fleets. Hydrogen fuel cells provide constant and consistent power to lift trucks, eliminating the need to change and charge batteries. Additionally, as an environmentally friendly power source, hydrogen fuel cells product only heat and water as byproducts, helping users meet important sustainability targets.
Ballard Power Systems (NASDAQ: BLDP) announced that it has signed an agreement with Transport for London (TfL) to extend the operation of eight (8) zero-emission hydrogen fuel cell buses in London, U.K. for five (5) more years. TfL first began operation of the first five zero-emission fuel cell buses in 2010 as part of its publicly stated goal to reduce CO2 emissions 60% from the 1990 level, by 2025. Three additional zero-emission hydrogen fuel cell buses joined the fleet in 2013. All eight buses are powered by Ballard's FCvelocity(R) fuel cell module.
In other stock restructuring news and developments for energy/power/battery companies: Axion Power International, Inc. (NASDAQ: AXPW) designs, develops, manufactures, and sells advanced energy storage devices, components, and systems based on its patented PbC Technology. Its PbC batteries and battery components are used in various energy system storage functions. Last week a letter from Donald F. Farley, Chairman of the Company's Board of Directors, was posted on the Company's website at the following link: http://www.axionpower.com/Investor_Relations. The letter relates in part to the proposed reverse split of the issued shares of common stock of the Company. See the full Form 8K filing at http://biz.yahoo.com/e/150528/axpw8-k.html
Energizer Holdings, Inc. (NYSE: ENR) this week announced that its Board of Directors has approved a new authorization for the Company to acquire up to 10 million shares of its $.01 par value common stock. This authorization replaces a similar authorization to acquire up to 10 million shares, which was approved by the Board in April 2012, and under which approximately 5 million shares of common stock have been repurchased. This authorization will carry over to Edgewell Personal Care Company after the expected July 1, 2015 spin off of the Household Division.
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