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 at http://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
FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services. If you would like more information regarding our news coverage solutions, please visit http://www.financialnewsmedia.com for more details. Get an edge on the market with our Premium News Alerts that are FREE for a limited time at http://www.financialnewsmedia.com/. Follow us on Facebook: http://www.facebook.com/financialnewsmedia and Twitter: http://twitter.com/FNMgroup.
DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNMG has been compensated one thousand nine hundred dollars for news coverage of the current press release issued by NEAH Power Systems, Inc. by the company. FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.
Contact Information:
Company: FN Media Group, LLC
Contact email: [email protected]
U.S. Phone: +1(954)345-0611
URL: http://www.financialnewsmedia.com
SOURCE FN Media Group LLC
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article