|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0000 - 0.0000|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.05|
Neah Power Systems, Inc. (NPWZ) ("NEAH" or the "Company") announced on May 15 2017 that it was filing Form 15. This announcement is further clarification to that press release only, and does not purport to update on any other matters related to the Company. As a result of the May 15 2017 filing, the Company's obligations to file certain reports with the SEC, including annual, quarterly and current reports on Form 10-K, Form 10-Q and Form 8-K, respectively, was immediately suspended.
Neah Power Systems, Inc. (NPWZ) ("NEAH" or the "Company") announced today that it filed a Form 15 with the Securities and Exchange Commission ("SEC") to voluntarily suspend its reporting obligations under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). As a result of this filing, the Company's obligations to file certain reports with the SEC, including annual, quarterly and current reports on Form 10-K, Form 10-Q and Form 8-K, respectively, was immediately suspended. The Company's Board of Directors considered many factors before approving the voluntary suspension, including the large costs of filing and preparing periodic reports for the SEC, the increased outside accounting, audit, legal and other expenses and costs associated with being a public reporting company, the burdens placed on management to comply with the Exchange Act reporting requirements, and the low trading volume in the Company's common stock.
For recent followers of the Company, we want to highlight our key products. Finally, we have the PowerChip® Battery which recently received a grant from the U.S. Department of Energy in the advanced manufacturing category in partnership with Argonne National Laboratory. All of our products and technologies are covered by 15 patents, 11 pending patent applications and various trade secrets and know how.