Neah Power: A Fast-Growing Fuel-Cell Name
Over the past couple of years, investors who have focused on specific investment themes have done extremely well. Some investors have focused on the health care industry, others on mobile applications, and others on social media companies. Over the next few years, one industry that should see significant growth is renewable energy. Neah Power Systems (NPWZ.PK) is one company that has developed unique solutions that should allow it to generate large returns over the next couple of years.
Neah Power Systems is a developer of innovative, long-lasting, efficient, and safe power solutions for the military, transportation, and portable electronics applications. The company has developed a unique silicon-based design that enables its technology to deliver higher-power densities, air and non-air operation, lower-cost, and compact form factors. Because of the uniqueness of the technology, several large prominent organizations such as Intel (NASDAQ:INTC), Novellus Systems, the U.S. Navy, and several Tier 1 venture capital firms have invested close to $50 million in Neah Power.
To put that amount in perspective, investors should take a look at a competitor of Neah Power’s, Bloom Energy. Bloom Energy has invested roughly $1.2 billion in its technology and remains at the same point of development as Neah Power. Through Neah Power’s strong research and development efforts, the company has managed to secure 12 patents, with two others in patent pending status.