Cutting-Edge On-Demand Power Solutions Lead to Next Generation Advancements for Commercial Uses - Company Enters Partnership Agreement for New Product Development [Mar 17, 2015]
Cutting-Edge On-Demand Power Solutions Lead to Next Generation Advancements for Commercial Uses - Company Enters Partnership Agreement for New Product Development

CORAL SPRINGS, Florida , March 17, 2015 /PRNewswire/ --

Renewable energy & on-demand power generation sources integrate new product development synergies to meet the demands of commercial uses as well as for the military, transportation and defense industries. Companies in focus today are NEAH Power Systems, Inc. (OTC: NPWZ), Plug Power Inc. (NASDAQ: PLUG), FuelCell Energy Inc. (NASDAQ: FCEL), Quantum Fuel Systems Technologies Worldwide Inc. (NASDAQ: QTWW) and Arotech Corporation (NASDAQ: ARTX)

NEAH Power Systems, Inc. (OTC: NPWZ) and Tectonica Australia (Tectonica) announced an international partnership agreement to integrate the formic acid reformer (Formira HOD™) with Tectonica's BANTAM System and into new products developed using Tectonica's system integration expertise to offer integrated, robust, off-the-grid and on-demand power generation/solutions for a variety of markets. In addition to this product integration, since Neah and Tectonica have marketing presence in different global geographic regions, the agreement allows each company to market their new partners' products in areas where they already have a strong client base. This joint marketing relationship offers strong economic possibilities to both companies with no capital investment necessary.

Read the full NPWZ press release athttp://www.financialnewsmedia.com/profiles/npwz.html

"We are thrilled to team with Tectonica for business and product development. Their system integration expertise allows us to integrate the Formira HODTM platform into a seamless, user focused power-on-demand system for defense, commercial and other off-the-grid requirements. Our business relationships in the US and India can further our common business interests to meet the critical power needs of our customers," said Dr. Chris D'Couto, President and CEO of Neah Power Systems, Inc. "With the user friendly, intuitive design of Tectonica's BANTAM Power Management System, even in the heat of battle, the powering of mission-critical devices such as night vision goggles or satellite telephones can be managed from a single power source, easily and with confidence.

Plug Power Inc. (NASDAQ: PLUG), an alternative energy technology provider, is engaged in the design, development, manufacture, and commercialization of fuel cell systems for the industrial off-road markets worldwide. It is focused on proton exchange membrane (PEM) fuel cell and fuel processing technologies and fuel cell/battery hybrid technologies. The company's product line includes GenDrive, a hydrogen fueled PEM fuel cell system providing power to material handling vehicles; GenKey, its turn-key solution offering simplicity to customers transitioning their material handling vehicles to fuel cell power; GenFuel, its hydrogen fueling delivery system; and GenCare, its ongoing maintenance program for both the GenDrive fuel cells and GenFuel products. On Monday, PLUG closed down 3.85% on over 3.1 million shares traded.

FuelCell Energy Inc. (NASDAQ: FCEL) reported total revenues for the first quarter of 2015 of $41.7 million compared to $44.4 million for the comparable prior year period. Revenue components include: Product sales of $33.4 million for the current period compared to $34.5 million for the comparable prior year period. Service agreements and license revenues of $3.9 million for the current period compared to $5.0 million for the comparable prior year period. Advanced technologies contract revenues of $4.4 million for the current period compared to $5.0 million for the comparable prior year period. Read more here: http://finance.yahoo.com/news/fuelcell-energy-reports-first-quarter-220000199.html

Quantum Fuel Systems Technologies Worldwide Inc. (NASDAQ: QTWW) issued a 10-K on Monday - Management's Discussion and Analysis of Financial Condition and Results of Operations. QTWW is in the development and production of compressed natural gas (CNG) fuel storage tanks and packaged fuel storage systems and the integration of vehicle system technologies including engine and vehicle control systems and drivetrains. Read the full 10K here: http://biz.yahoo.com/e/150316/qtww10-k.html

Arotech Corporation (NASDAQ: ARTX) recently announced financial results for its fourth quarter and full-year ended December 31, 2014 . "This was an important and transformative year for Arotech that produced solid financial results and a record level of revenues, exceeding the $100 million mark for the first time in our history," commented Steven Esses , Arotech's President and CEO. "Just as important, this growth is coupled with expanded gross margins enabled by our disciplined management of the business and leveraging our infrastructure, ample capacity and deep industry expertise to deliver on new orders. New orders totaled approximately $96.0 million for the year, driven by a number of key orders in our businesses." Read more here: http://finance.yahoo.com/news/arotech-reports-2014-record-annual-200300726.html

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