22118 20th Ave SE Suite 142

Bothell WA 98021
Phone: 425-424-3324
Fax: 425-483-8454 neah power. always onTM.
www.neahpower.com

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Recent Headlines
The problem March 4, 2010
The “Power Gap”, the difference between power available and power needed,
continues to grow and to affect every facet of life dependent on portable Asian Fuel Cell Growth Plans
power. The Power Gap is a limiting factor in providing consumers with a high read more >
quality and worry-free energy use experience. It causes a critical shortfall in March 1, 2010
the event of natural disasters, where the lack of power can be inconvenient to
Green Solution to Asian Leaders
life-threatening. The Power Gap becomes more pronounced by the under-
utilization of our planet’s renewable energy sources. read more >
February 23, 2010
Lithium-ion (Li-ion) battery technology has made significant progress; however
Hybrid Automobile Engine
weight, recharge times, safety and disposal issues still present challenges in
addressing the Power Gap dilemma. For example, Li-ion batteries require a read more>
charger, as well as access to a fixed electrical grid for use.
February 18, 2010
New Asian Sales Team
The solution - Neah Power Systems
read more>
Located in Bothell, WA, Neah Power Systems (Neah) has developed
proprietary porous silicon (Si)-electrode based fuel cells that can provide February 16, 2010
renewable power generation for consumers, industrial and military
Discusses CyVolt Acquisition
applications, as well as storage opportunities for renewable energy
generation. This will allow – read more>
• 24/7 off the grid power for cell phones & consumer electronics
• Solutions from less than 5W to greater than 10 kW February 12, 2010
• Extended off-the-grid power using renewable energy solutions To Acquire CyVolt Energy
• Off-the-grid air conditioning and heating solutions
read more>

How does Neah Power Systems do it

Neah’s award-winning, patented porous Si-electrode based fuel cell has
superior performance, as compared to the incumbent, Proton Exchange
Membrane, technology in the following areas
• Greater than 2X higher power density than PEM
• Can operate with and without air (PEM requires air for operation)
• Uses outsourced manufacturing facilities for fast, cost –effective ramp
• Uses computer chip manufacturing for lower cost product
 22118 20th Ave SE Suite 142
Bothell WA 98021
Phone: 425-424-3324
www.neahpower.com Fax: 425-483-8454 neah power. always onTM.

Growth Strategy and Goals

Neah has customer engagements with EKO Vehicles Pvt (India) – a large
electric scooter company, and Hobie Cat – a kayak and sailboat
company. The off the grid air conditioning and heating solution has orders
from cell phone companies, defense contractors, etc. The focused growth
strategy to partner and deploy products in the US, China, Southeast Asia,
and India for military, consumer and industrial applications, should lead
to revenue within the next 2 – 3 quarters.

Neah continues to deploy its award winning technology for various stand-
alone and integrated applications for consumer, military, and industrial
applications, and is working on the deployment and installation of
renewable energy installations in China, Thailand, Southeast Asia and
India.

Patented, award-winning technology

Strongly differentiated, patent protected technology, with multiple awards won through the years.

Top 100 Young Innovators

Startup of the Year

High volume manufacturing in place

• Relationships with world class manufacturing partners in place
• Use of proven semiconductor technology to reduce cost and ramp to high volume

Combine at foundry

Si Substrate Si Electrode Cell / Stack

Assembly & Test
Production Production Assembly
OEM
(Sanmina-SCI /
(IceMOS / (Neah) (Aspen
Partner T)
Partner T) Technologies)
 22118 20th Ave SE Suite 142
Bothell WA 98021
Phone: 425-424-3324
www.neahpower.com Fax: 425-483-8454 neah power. always onTM.
Neah Power Systems, Inc.
Corporate Profile Six Month Share Price as of March 4, 2010
As of February 22nd 2010 2.5
Stock Symbol: NPWZ.OB
2
Employees: 17*
1.5
Year End: September 31
1
Shares Outstanding: 37,000,000 (approx.)
Market Cap: $28,000,000 (approx.) 0.5

52wk Range: $0.12 - $8.93 0

Sep09 Oct09 Nov09 Dec09 Jan10 Feb10 Mar10
Recent Price: $0.75
* - including CyVolt

Products and Services

Neah LiteTM (CyVolt)
• 24/7 power for cell phones
• Portable consumer electronics
• Neah or OEM brand

Neah Infinity eLTM

• 25W, 50W, 100W, 8 hr systems
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• Customizable power and output specifications
• Unique non-air breathing capability

Neah Custom eLTM

• Custom integrated solutions
• Customizable power and output specifications
• Unique non-air breathing capability

Neah Heat & CoolTM (SolCool)

• 1.5T, 3T, and 5T heating and cooling
• Off the grid or on-grid capability

Neah RAPSTM
• 1.5kW, 3kW, 10kW+ systems
• Hybrid solar / fuel cell / storage systems
• Mini- to large scale renewable energy deployments

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, 2009 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.