Neah Power Systems To Develop Growth Strategies For Possible Mergers & Acquisitions

July 13, 2008 by Jeff Shepard

Neah Power Systems, Inc. announced that it engaged Jesup & Lamont Securities Corp. (‘Jesup & Lamont’) as its investment banker to advise on mergers and acquisition (M & A) activity.

Jesup & Lamont publishes proprietary research on several industries including aerospace/defense, alternative energy and life sciences/healthcare and offers comprehensive investment banking services.

Ed Cabrera, head of Investment Banking at Jesup & Lamont said, "We are pleased that Neah Power has engaged Jesup & Lamont to advise on financing and M & A activity. We are impressed with the unique solution that Neah Power offers to the power solutions market, and the progress of the company. We look forward to developing an M & A strategy in partnership with the management team that leverages their product, manufacturing model, and other key areas of differentiation".

"As previously noted, Jesup & Lamont has been retained as our investment banker. We are also retaining them to pursue possible merger and acquisition candidates. We have an IP-protected, differentiated, power generation solution that serves a large available market. This power generation solution has strong synergies with a variety of power storage, distribution, and other electrochemical solution providers. This could enhance the ability of the company to provide a more complete solution to our customers", said Dr. Chris D’Couto, President and CEO of Neah Power Systems.