The Department of Energy has selected Neah Power Systems Inc (OTCMKTS:NPWZ) as one of the semifinalists on one of its proposals. One of the submissions made by the emerging leader of fuel cell-based power solutions touched on the use of the rechargeable lithium battery. The company also made a submission covering hydrogen cell fuel.
Neah Power Submissions
In a press release, Neah Power systems say the battery application focused on ways to increase batteries energy density as well as their lifetime. In the fuel submission, emphasis was on ways of reducing the cost of operation of a fuel cell.
Apart from the selection, Neah Power systems has been silent in the market mostly attributed to a lack of news or press releases. The last engagement with shareholders was in April where the company reiterated that it was in the process of sourcing for capital. The company had at the time, already secured a senior secured loan term sheet with Signal Lake Neah.
The Loan facility provides the company $6 million in new debt financing with an initial drawdown of $4.5 million. On the Business, operation front the company has been pursuing licensing relationships in the United Arab Emirates.
Neah Power has also been in discussion with the Economic Development of two large states in the US as part of an effort of getting them on board in ramping up support for renewable energy and battery storage. A deal for the same was expected to close in the second quarter of 2016.
In April, Neah Power Systems Inc (OTCMKTS: NPWZ) confirmed it was in discussion with India about a possible entry of its Formira HOD in the country. Details about the outcome of the talks remain under wraps, awaiting to see if the company will share any details in the current quarter. Going forward it will be interesting to see what the company has to stay about its capital sourcing initiatives as well as new product developments.
Lotus Bio-Technology Development Corp (OTCMKTS:LBTD) Banking On China’s Organic Consumable Market For Growth
Lotus Bio-Technology Development Corp (OTCMKTS:LBTD) is betting big on partnerships as it looks to strengthen its market potential on organic consumable products. Recent deals with Hunan Cangshi and Phyto Nutraceutical Inc all but underline how far the company is willing to go, as the industry continues to experience robust growth. The company has resorted to such deals to boost sales as well as solidify its position in the fast-growing industry.
China’s Organic consumables market is growing at an impressive rate consumption of organic food having more than tripled over the past five years. With the growth, new opportunities are emerging for the likes of Lotus Bi-Technology that are experiencing an upsurge in revenues from the sale of organic products. Deals with the likes of Hunan Cangshi are not only intended to grow the bio-natural company’s prospects in China but also grow its prospects on the international scene.