YINGLI GREEN ENERGY HOLDING CO LTD (ADR) CORAL SPRINGS, Florida, May 27, 2015 /PRNewswire/ --
As various and new applications across many industrial, commercial and consumer based remote power generation uses rely more and more on cost-effective new generation power solutions, advancements in lithium battery and fuel cell technology points to growth potential as demand increases. Power Tech Companies in focus today are: Neah Power Systems, Inc. (OTC: NPWZ), Plug Power Inc. (NASDAQ: PLUG), FuelCell Energy Inc. (NASDAQ: FCEL), Ballard Power Systems Inc. (NASDAQ: BLDP) and Yingli Green Energy Holding Co. Ltd. (NYSE: YGE)
Neah Power Systems, Inc. (OTCBB: NPWZ) Issues a Shareholder update: As a supplement to our latest quarterly filing, I want to provide you with a brief report on the status of our Company operations as well as relate the progress achieved by our management in advancing efforts to commercialize, license and sell NEAH Power's industry leading technologies and products. While we continue to develop the many opportunities announced to date, we are also preparing to announce several more initiatives that are expected to contribute significantly to our growth and standing as an emerging leader in fuel cell and battery technologies.
Read the full NPWZ Shareholder Update Press Release at http://www.financialnewsmedia.com/profiles/npwz.html
In light of the current stock price, which management believes does not adequately reflect the true value of the Company's assets, I wish to reassure you that the level of interest in NEAH Power's technologies has never been greater. As the frenzy of venture capital and private equity investing in alternative energy and clean energy companies comes back down to Earth, the focus of the industry is irreversibly shifting to practical, reliable and cost-effective solutions like those of NEAH Power, which can realistically meet current and urgent demands for off-grid power and energy storage in compact, scalable form factors. We are extremely pleased to announce that we have been doing research and development on a lithium battery technology that appears to be far superior to any incumbent technologies (the PowerChip(R) Battery). At an appropriate time in the near future, once the Company has achieved the next round of performance targets, we will be sharing details with our shareholders. Once completed, we believe our Porous Silicon Battery will be a disruptive power storage system for a whole range of applications from consumer goods to automotive applications, as well as for scalable storage solutions for off-peak and back-up power usage.
We have also seen a tremendous interest in resellers worldwide who are interested in our high energy density Formira HODTM (Hydrogen-on-Demand) platform to supplement grid, solar and other hybrid energy platforms, as well as a stand-alone system in micro-grid applications. While we are growing our distribution and resale network for Formira HODTM, NEAH Power's management has also been focused on securing strategic partners which will allow us to deploy and support our products worldwide and enhance our branding. We expect to announce several exciting strategic partnerships soon!
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.
FuelCell Energy Inc. (NASDAQ: FCEL), a global leader in the design, manufacture, operation and service of ultra-clean, efficient and reliable fuel cell power plants, has announced the upcoming release of its second quarter financial results after the Market Close on Monday, June 8, 2015. FuelCell Energy management will host a conference call with investors beginning at 10:00 a.m. Eastern Time on Tuesday, June 9, 2015 to discuss the second quarter results for 2015. Read more here: http://finance.yahoo.com/news/fuelcell-energy-inc-announces-second-123000679.html
Ballard Power Systems Inc. (NASDAQ: BLDP) recently announced that it has received a purchase order from Nisshinbo Holdings Inc. for the next phase of Technology Solutions project work related to the development of a breakthrough catalyst technology intended to reduce manufacturing cost of certain proton exchange membrane (PEM) fuel cells. The project has now been underway for approximately 2-years. Nisshinbo is an energy company providing low-carbon, optimized products across a range of business lines, including chemicals, precision instruments, electronics, automotive brakes, textiles and paper. Nisshinbo has supplied Ballard with compression molded bipolar flow field plates for more than 10-years, for use in the manufacture of PEM fuel cell membrane electrode assemblies (MEAs) used in various market applications.
Yingli Green Energy Holding Co. Ltd. (NYSE: YGE), one of the world's leading solar panel manufacturers, known as "Yingli Solar," recently announced that it plans to release its unaudited financial results for the quarter ended March 31, 2015, before the U.S. market opens on Friday, June 5, 2015. The Company has scheduled a corresponding conference call and live webcast to discuss the results at 8:00 AM U.S. Eastern Daylight Time on June 5, 2015, which corresponds to 8:00 PM Beijing/Hong Kong time on the same day. Read more here: http://finance.yahoo.com/news/yingli-green-energy-announce-first-101100652.html
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