NEOEx Systems
NEOEx Systems, Inc. integrates on-board liquid hydrogen energy storage and fuel cell power systems for unmanned aerial vehicle (UAV) manufacturers, enabling extended endurance and range for defense, government, and research customers.
- Company typePrivate
- Founded2015
- HeadquartersOhio, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What NEOEx Systems does
NEOEx Systems, Inc. is a privately held small business headquartered in Amherst, Ohio, founded in 2015, that integrates on-board liquid hydrogen (LH2) energy storage and fuel cell power systems for unmanned aerial vehicle (UAV) manufacturers. The company serves defense and research customers including the U.S. Air Force Research Laboratory (AFRL), the U.S. Army Manufacturing Technology (ManTech) Program, NOAA, Avari Aerospace, and Ohio State University. With 1–10 employees, NEOEx operates as a specialized systems integrator rather than a prime airframe OEM, focusing on adapting LH2 cryogenic storage and proton-exchange-membrane fuel cell subsystems to specific UAV platforms, with flight-test activity conducted at Lorain County Regional Airport.
NEOEx's product portfolio centers on two branded systems: the EXTEND™ Energy and Power System — an on-board LH2 storage and fuel cell powertrain packaged for UAV installation — and the LH2Direct™ Liquid Hydrogen Refueling System, a ground-side LH2 refueling interface. The combined architecture is positioned to enable approximately 20-hour flight endurance and 1,000-mile range, claimed at roughly 20x the endurance of comparable battery-electric UAV platforms. The company has also developed containerized LH2 ground support equipment (GSE) for hydrogen liquefaction under a USAF AFRL H2MG-related contract awarded through partner Global Cryogenic Concepts (GCC) in late 2025, and has disclosed engineering activity on LOX/LH2 fuel cell configurations for unmanned underwater vehicles (UUVs) as an adjacent product extension.
NEOEx's revenue model is anchored on federal Small Business Technology Transfer (STTR) contracts, set-aside programs, and partner pass-through subcontracts rather than commercial product sales. Identified revenue sources include a $150,000 AFWERX AFVentures STTR Phase I award (2021), a NOAA seed award (2023), a U.S. Army ManTech subcontract via NCDMM (2023), and an AFRL-funded award routed through GCC (2025). The firm is participating as a hydrogen/UAV stakeholder in Ohio's FAA Engineering Innovation and Prototyping Proposal (eIPP), submitted February 2026 alongside Joby Aviation, BETA Technologies, and the Ohio Department of Transportation — an effort anchored by more than $1.2 billion in existing Ohio Advanced Air Mobility infrastructure and pointing toward potential migration from contract R&D revenue to commercial AAM and regional-airport integration work.
NEOEx Systems firmographics
Firmographics- Name
- NEOEx Systems
- Legal name
- NEOEx Systems, Inc.
- Website
- https://neoexsystemsinc.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- NEOEx Systems, Inc. integrates on-board liquid hydrogen energy storage and fuel cell power systems for unmanned aerial vehicle (UAV) manufacturers, enabling extended endurance and range for defense, government, and research customers.
- Ownership category
- akta.pro rank
NEOEx Systems industry classification
Industry- Product category
- UAV Hydrogen Power Systems
- NAICS
- Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing (336415), Guided Missile and Space Vehicle Manufacturing (336414)
- SIC
- Aircraft Engines & Engine Parts (3724), Aircraft Parts & Auxiliary Equipment, Nec (3728), Guided Missiles & Space Vehicles & Parts (3760)
- akta.pro primary industry
- UAS Power Systems & Propulsion (Motors, ESCs, Batteries, Fuel Cells) (IMABAIAK)
- akta.pro secondary industries
- Liquid Hydrogen (LH2) Storage & Cryogenic Tank Systems (EUAFAEAB), Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems) (IMAGAHAM)
Keywords
Where NEOEx Systems is headquartered
LocationHeadquarters
- HQ city
- Ohio
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
NEOEx Systems business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales, Infrastructure
Revenue model
- Defense & Government Contracts: Direct revenue from government contracts including Air Force Research Laboratory STTR contracts ($150k Phase 1), Army ManTech subcontracts through NCDMM, and AFRL hydrogen fuel cell microgrid projects. Primary revenue driver for technology development and validation.
- UAV System Integration Services: On-board hydrogen energy storage and fuel cell power system integration services provided to UAV manufacturers (OEMs). Revenue from technical services, design integration, and associated ground support equipment.
- Liquid Hydrogen Refueling Infrastructure: Providing liquid hydrogen refueling services for UAV operators through partnerships with hydrogen suppliers. Revenue from LH2 supply and refueling services.
- Licensing Royalties: Patented ground support equipment for hydrogen liquefaction available for licensing to defense and commercial applications.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
NEOEx Systems product offering
Product offeringCore offering
NEOEx Systems provides on-board liquid hydrogen (LH2) energy storage and fuel cell power system integration services to unmanned aerial vehicle (UAV) manufacturers, pairing the EXTEND™ Energy and Power System with the LH2Direct™ Liquid Hydrogen Refueling System. The combined offering enables extreme long-duration (20 hours) and long-range (1,000 miles) UAV operations, increasing flight duration by a factor of twenty compared to batteries, and is scalable from sub-55 lb commercial drones to large Personal Air Vehicles. The company also develops patented containerized Ground Support Equipment for hydrogen liquefaction and DOT-rated portable LH2 transport.
Product overview
NEOEx Systems offers a unified liquid hydrogen energy solution for UAVs consisting of two core products: the EXTEND™ Energy and Power System (on-board liquid hydrogen storage and fuel cell power integration installed in UAVs) and the LH₂Direct™ Liquid Hydrogen Refueling System (ground-based refueling infrastructure). The company also provides complementary Ground Support Equipment for hydrogen liquefaction and portable transport. These products work together to enable extreme long-duration (20 hours) and long-range (1,000 miles) UAV operations by increasing flight duration 20x over battery-powered systems.
Differentiator
Problem solved
Functional benefit
Brands
- EXTEND™ Energy and Power System: On-board liquid hydrogen energy storage and fuel cell power system for UAVs that extends flight duration by a factor of twenty.
- LH2Direct™ Liquid Hydrogen Refueling System
Products and services
- EXTEND™ Energy and Power System On-board liquid hydrogen energy storage and fuel cell power system integration for unmanned aerial vehicles (UAVs). Scales from small commercial drones under 55 lbs to large Personal Air Vehicles and increases flight duration by a factor of twenty compared with battery-powered systems, enabling long-endurance, long-range UAV operations.
- LH2Direct™ Liquid Hydrogen Refueling System Ground-based liquid hydrogen refueling system for UAV operators, paired with the EXTEND™ Energy and Power System to provide a continuous supply of liquid hydrogen for UAV fueling operations at facilities such as Lorain County Regional Airport.
- Liquid Hydrogen Ground Support Equipment (GSE) for Hydrogen Liquefaction Patented, containerized ground support equipment for generating liquid hydrogen on demand, designed to be deployed using standard shipping containers and to store liquid hydrogen in a 100-liter (7 kg) DOT-rated Dewar for portable transport by certified commercial transport services.
Quantifiable outcome
- 20x flight duration increase over battery-powered drones
- +4 more outcomes
Companies that use NEOEx Systems
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
NEOEx Systems technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
NEOEx Systems partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core and minor.
- Ohio Department of TransportationcoreCollaborating on Ohio's FAA Electric Vertical Takeoff and Landing Integration Pilot Program (eIPP) proposal for deploying electric aircraft for medical transportation across four states. Ohio applied to the FAA with a ready-to-launch plan backed by over $1.2 billion in existing AAM infrastructure.
- Joby AviationminorCo-participant in Ohio's FAA eIPP proposal alongside BETA Technologies and NEOEx. Joby plans to invest in a 700,000-sq-ft facility in Ohio to double production rates by 2027.
- BETA TechnologiesminorCo-participant in Ohio's FAA eIPP proposal for electric aircraft deployment. Established manufacturing and testing operations in Ohio state.
- Global Connective Center (GCC)coreJoint development of Ground Support Equipment for generating liquid hydrogen under a two-year Air Force Research Laboratory (AFRL) Hydrogen Fuel Cell Microgrid (H2MG) effort. GCC led the program to advance operational resilience for Department of War, building on PEARL microgrid at Joint-Base Pearl Harbor Hickam.
- The Ohio State UniversitycoreTeam member on United States Air Force Research Laboratory Agility Prime STTR Phase 1 contract. Contributing to development of EXTEND Energy and Power System for dual-use military and commercial flying cars.
- Ohio DroneminorTeam member on Air Force STTR contract for EXTEND Energy and Power System development.
- Moran InnovationcoreTeam member on Air Force STTR contract and collaborator on LH2 Era Webinar series. Contributing expertise in hydrogen systems for aviation applications.
- Lead Off The XminorTeam member on Air Force STTR Phase 1 contract for EXTEND Energy and Power System development.
- Avari AerospacecorePartnership to power Avari long-range UAV (Hermes) using EXTEND Energy Systems. Team members at Pentagon Energy Expo 2022 demonstrating high-energy liquid hydrogen for powering Hermes.
- National Center for Defense Manufacturing and Machining (NCDMM)coreTier 1 subcontractor for NCDMM supporting Army ManTech Program. Completing development of EXTEND Energy and Power System and LH2Direct ground support equipment for hydrogen refueling pilot production facilities using advanced manufacturing techniques.
- Worcester Polytechnic InstituteminorPartner on Army ManTech subcontract for EXTEND system development and advanced manufacturing techniques.
- MAGNETminorPartner on Army ManTech program. Nominated NEOEx for Best of Tech 2025 award.
- JETSminorPartner located near NEOEx Engineering Design Center at Youngstown-Warren Regional Airport, enabling future collaboration on aerospace projects.
- MRK AviationminorSupporting Air Force STTR Phase 1 contract work at Lorain County Regional Airport operations facility.
- Air Force Institute of TechnologyminorPartner on Army ManTech subcontract for hydrogen energy system development.
- Western Reserve Port AuthorityminorCollaboration at Youngstown-Warren Regional Airport for growing NEOEx business in the region.
Scale indicators7 records
Recent moves5 records
Expansion highlights6 records
NEOEx Systems competitors and assessment
Company assessmentBroad incumbents
- AeroVironment:
- Plug Power: Plug Power is a large, publicly traded hydrogen fuel cell and LH2 generation company with established government/defense business and refueling infrastructure, overlapping with NEOEx's hydrogen energy storage and ground support equipment activities at much greater scale.
- Honeywell Aerospace: Honeywell develops fuel cell power systems for unmanned aerial systems and broader aerospace propulsion, making it a broad incumbent in the same customer segment (defense and commercial UAV propulsion) as NEOEx.
Direct peers
- ZeroAvia: ZeroAvia develops hydrogen-electric powertrains for commercial aircraft and is the most direct comparable to NEOEx's hydrogen fuel cell propulsion integration, targeting similar long-duration, zero-emission flight with aviation-grade certification pathways.
- Universal Hydrogen: Universal Hydrogen builds hydrogen fuel cell powertrains and modular capsule-based LH2 refueling logistics for regional aviation, directly competing with NEOEx's integrated LH2 storage, fuel cell power, and ground refueling offering.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks1 record
Key highlights6 records
Customer concentration
NEOEx Systems social profiles
Digital presenceNEOEx Systems financial estimates
Financial estimateRevenue estimate
Valuation estimate
NEOEx Systems leadership team
Management profileNumber of profiles
Profiles4 records
NEOEx Systems funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NEOEx Systems M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NEOEx Systems
What does NEOEx Systems do?
NEOEx Systems provides on-board liquid hydrogen (LH2) energy storage and fuel cell power system integration services to unmanned aerial vehicle (UAV) manufacturers, pairing the EXTEND™ Energy and Power System with the LH2Direct™ Liquid Hydrogen Refueling System. The combined offering enables extreme long-duration (20 hours) and long-range (1,000 miles) UAV operations, increasing flight duration by a factor of twenty compared to batteries, and is scalable from sub-55 lb commercial drones to large Personal Air Vehicles. The company also develops patented containerized Ground Support Equipment for hydrogen liquefaction and DOT-rated portable LH2 transport.
Is NEOEx Systems a public or private company?
NEOEx Systems is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was NEOEx Systems founded?
NEOEx Systems was founded in 2015. It employs 11 to 50 people.
Where is NEOEx Systems based?
NEOEx Systems is headquartered in Ohio, United States, in the North America region.
How does NEOEx Systems make money?
Four revenue lines are on record. Defense & Government Contracts are the primary driver. The others are UAV System Integration Services, liquid Hydrogen Refueling Infrastructure and licensing Royalties.
Who are NEOEx Systems's main competitors?
Broad incumbents on record are AeroVironment, Plug Power and Honeywell Aerospace. Direct peers are ZeroAvia and Universal Hydrogen.
Does NEOEx Systems have an API?
No public API is recorded for NEOEx Systems.
What industry is NEOEx Systems in?
NEOEx Systems's product category is UAV Hydrogen Power Systems. Its primary akta.pro industry code is IMABAIAK, UAS Power Systems & Propulsion (Motors, ESCs, Batteries, Fuel Cells), with a secondary code of EUAFAEAB, Liquid Hydrogen (LH2) Storage & Cryogenic Tank Systems. Its NAICS code is 336415 and its SIC code is 3724.