Neah Power Investor Presentation

Neah Power Systems, Inc NPWZ 1

Forward Looking Statements Except for statements of historical fact, the matters discussed in this presentation are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, limited operating history, research and prototype delays, difficulties in developing and commercializing new technologies, and additional risk factors as discussed in the reports filed by the company with the Securities and Exchange Commission, which are available on its website at http://www.sec.gov. 2

Neah Power Mission Statement Provide the most competitive portable power solution by leveraging our differentiated product, manufacturing model and business model. Illustrative Example 3

Fuel cells vs. batteries What are fuel cells • Direct conversion of fuel into electricity • Electrochemical catalyzed reactions Fuel + oxidant electricity • Fuel once consumed, needs to be replaced What are batteries • Two types – primary and secondary • Primary – single use then discard • Secondary – rechargeable Recharging – electric current to convert spent chemicals

Battery Technology Challenges Demand for longer runtime Lithium-ion batteries • Heavy • Safety concerns • Inefficient performance Power gap, demand vs. available energy • Power hungry features • Increased use in mobile environments • Limited battery technology

Shedding The Pounds Fuel Cell for a BA-5590 72-hour Mission 72-hour Mission •1 fuel cell • 12 BA-5590 •9 fuel cartridges military standard batteries Total weight = 8 lbs Total weight = 27 lbs Reduces Weight 70% on 72-Hour Mission 6

Fuel Cell Technology Benefits Benefits of methanol Converting fuel into electricity Mobile life via fuel replenishment Access to power “Off-the-Grid” Benefits over battery technology Clean, renewable & environmentally safe

Direct Methanol Fuel Cell (DMFC) Challenges Proton Exchange Membrane (PEM) Technology Operating issues Water management Reliability Low power density and efficiency Manufacturability and commercialization

NEAH Fuel Cell Technology Solution Silicon-based, DMFC • Porous silicon electrode structure • Circulating liquid streams of fuels Stable, long-lasting materials Increased power density Leverage silicon manufacturing infrastructure Easily customizable Lego design Healthy GM – fuel cell, recurring revenue from cartridges

Innovation Well Recognized Venture All-Stars NIST/ATP $2M Award Top 25 Company Sept. 2003 Red Herring June 2005 Top 100 Innovators Dec. 2004 “Startup of the Year” Seattle Alliance of Leroy Ohlsen Angels Top 100 Young ONR Award May 2004 Innovators July 2007 & Sept 2008 Sept. 2004 10

Technology & Strategic Advisory Boards Strategic Advisory Board Reza Abhari Ph.D. • Professor, Entrepreneur, Alternative energy expert Joseph R. Bronson • CEO - SVTC, Member BOD - Sanmina-SCI Corp Carol Mutter M.S., M.A., Ph.D. (Hon) • Ret Lt Gen USMC; R&D, Systems Integration, Logistics and Procurement James Mutter, MBA • Ret Col USMC; Field T&E, Systems Integration and C3 Ops Technology Advisory Board John Drewery, Ph.D., Former EVP Neah Power, Novellus Systems • Technology Director at Novellus Systems Steve Meyer, Ph.D., Novellus Systems • Director and Principal Engineer, Novellus Wilbert Van Den Hoek, Ph.D., Novellus Systems • Former CTO Novellus 11

Experienced Management & Directors Management Team Chris D’Couto, Ph.D., MBA – President & CEO Steve Wilson, CPA, CMA - CFO Tsali Cross, Ph.D. – VP of Engineering Kenth B Pedersen – Chief Business Development Officer Board Of Directors Chris D’Couto Ph.D., MBA – CEO Neah Power Systems Jon Garfield – CEO Clearant, Inc, VP, Acquisitions, Coach Inc. Ed Cabrera, MBA – Executive Managing Director Jesup & Lamont Paul Sidlo – Founder and CEO, REZN8

Neah Power Systems - Overview Differentiated & competitive solution for portable power Disruptive and unique fuel cell technology Successful prototype positioned for commercialization Office of Naval Research (ONR) funds major development Large addressable markets • Defense • Homeland Security • Industrial users • Consumer Products

PEM DMFC vs. Neah DMFC Fuel Fuel & Electrolyte Electrolyte (PEM) Catalyst Air Oxidant & Electrolyte Technology Proton Exchange Membrane FC Porous Silicon FC Power Density 60 – 80 mW/cm2 200 mW/cm2 Challenges Air breathing, drying, flooding Balance of Plant Operating Environment Air only Air and No – air Manufacturability Custom infrastructure Si and EMS outsourcing IP & Patents Diffuse, overlapping Clear, unique* * - 11 US, 12 non-US, 6 pending US 14

Industry leading power density High Surface Area ~ High Power density

Targeted Markets Portable Power (< 1kW) • Consumer, military, industrial applications Semi – portable and stationary power (>1kW) • Unmanned underwater vehicles, standby/backup power • Automotive applications Power storage/load leveling for renewable energy • Renewable power storage / leveling • Wind

Fuel Cell Markets Transportation ~ $20B 10MW Primary Stationary~ 10kW market $2B Power Portable ~$9B 100W Secondary market Market size Projected for 2010 Source: Frost & Sullivan 1W 0.1L 1L 10L 100L Power System Volume

Large Addressable Markets Projected units - 2010 23.6 Million 22.0 Million 79.6 Million Military First Responders Consumers Industrial / Distributed Mobile Life Source: Frost & Sullivan 18

Recent Achievements & Milestones Issued Manufacturing Technology White Paper (August 5, 2009) Issued Energy Storage White Paper (August 4, 2009) Received $10 million funding commitment from Optimus Energy Capital Partners (July 30, 2009) Completed acquisition of SolCool One, LLC (July 28, 2009) Podder Family makes large investment in company (July 22, 2009) Named Emmy-award winning, creative director Paul Sidlo to Board of Directors (July 19, 2009) Presented fuel cell prototype at 11th Electrochemical Power Sources R&D Symposium (July 13, 2009) Demonstrated first hybrid electrolyte aerobic direct methanol fuel cell (July 8, 2009) Signed LOI with EKO Vehicles awarding Neah Power master distribution rights to EKO Vehicles’ battery and fuel cell electric scooters in the United States (June 30, 2009)

Recent Achievements & Milestones Signed LOI with EKO Vehicles to supply all batteries and fuel cells used in EKO Vehicles electric scooters sold in the United States (June 30, 2009) Signed LOI with EKO Vehicles to develop and supply direct methanol fuel cell battery chargers for all battery fuel cell hybrid electric scooters sold in India and the United States (June 30, 2009) Signed LOI with EKO Vehicles to develop and supply direct methanol fuel cell battery chargers for EKO Vehicles’ distributed renewable energy stations (June 30, 2009) Demonstrated anaerobic direct methanol fuel cell prototype (June 25, 2009) Signed LOI with Hobie Cat to supply direct methanol fuel cell battery chargers for Hobie’s battery electric line of recreational water vehicles (June 17, 2009) Named Jesup & Lamont executive, Ed Cabrera to Board of Directors (June 17, 2009) Signed a technology license agreement with Hobie Cat Company (April 21, 2009)

Key Advancements for Initial Production Larger electrodes- increase power output by 2.5X Injection molded packaging - 30x30 mm2 electrodes higher reliability and more compact cells Wire-bond interconnects – Reduces losses 43x43 mm2 electrodes Miniaturized pumps-size reduction Simplified electronics- increase reliability Compact thermal management Wire-bond interconnects & solution - size reduction PVDF packaging

Neah Power DMFC Manufacturing Model Si Substrate Si Electrode Cell / Stack Assembly & Production Production Assembly Test OEM (IceMOS) (Neah) (Aspen (Sanmina-SCI) Technologies) Combined in 6 – 9 mos Neah Power works with the whole supply chain to ensure quality, cost and timeliness

Strategic Relationships & Affiliation Intel Capital Sanmina-SCI, Inc. • Laptop & consumer markets • Electronics design • Supplier connections • Thermal components Novellus Systems Inc. • System integration • Semiconductor processing and • Device packaging equipment Aspen Technologies • Technical expertise for Silicon • Wire-bond processing • Cell and stack assembly American Electronics Assoc. • Govt. agencies & procurement IceMOS Technology • Foreign markets • Si Foundry Partner • Business network • Si electrodes

General Dynamics’ EDGE™ Partnership A world-class, collaborative innovation & technology center dedicated to accelerating & integrating technology for the war fighter. The following companies are EDGE™ Members: The companies referenced on this slide are members of The EDGE™. They are not affiliated with Neah Power. Their reference here is not an endorsement of Neah Power.

Neah Power: The Opportunity Experienced management team & board Strong Technical & Strategic Advisory Board Huge, untapped markets Healthy business model Unique and disruptive proven technology Low burn rate structure Early engagements with product integrators 25

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Neah Power Investor Presentation

by npwzpr on Oct 26, 2009

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Neah Power Investor Presentation — Presentation Transcript