Growth Merger Inc. has completed the acquisition of NEAH Power, Inc., through the merger of NEAH Power with a newly formed acquisition subsidiary of Growth Merger. Following completion of the transaction, Growth Merger intends to change its corporate name to NEAH Power Systems, Inc. Prior to the merger, Growth Merger was an inactive company with no operations or business.
The complete terms and conditions of the merger transaction as well as information on the business, financial condition and management of the Company and its NEAH Power subsidiary will be set forth in appropriate disclosure documents to be filed with the Securities and Exchange Commission. The Company intends to register its common stock under the Securities Exchange Act of 1934, as amended, as soon as practicable, and will also seek to list its common stock for trading on the NASD OTC Bulletin Board.
Based in Bothell, Washington, NEAH Power was founded in 1999 to develop improved direct methanol fuel cells (DMFCs) for mobile electronic devices, for use in consumer, commercial and military applications. NEAH Power is currently developing full system prototypes for its patented DMFC technology. Much of the Company's research and development for the DMFC technology and other energy products were funded in part by leading venture capital firms as Frazier Technology Ventures, Alta Partners, Intel Capital, Castile Ventures and WestAM.
