Power Technology Engages Patent Attorney Kevin J. McNeely, Esq. Washington D.C.; www.patentek.com
***
Energy Editors / Business Editors LAS VEGAS--(BUSINESS WIRE)--PWTC-- Power Technology (OTCBB:PWTC) is actively pursuing patent protection for its lead-acid battery technology. The maintenance fee for U.S. Patent No. 6,060,198, which discloses a new and improved battery current collector, was recently paid. The technology employs a reticulated battery plate structure that improves durability and power output of a lead-acid battery while reducing its weight. In addition, the Company has completed the international preliminary examination process in order to obtain patents for an even newer technology on an improved lead-acid battery with a battery plate that uses a lightweight, porous, open pore material coated with an alloy. The unique design dramatically enhances the cyclability of a lead-acid battery at much higher power levels. National patent protection filings are ongoing with patent applications filed in 29 countries throughout Europe, North America and Asia, and with several more national filings planned. This filing is titled "Current Collector Structure and Method to improve the performance of a Lead-Acid Battery." Because of the work, Power Technology is the recipient of the Frost and Sullivan engineering award. (www.frost.com) The award is given to the company that has demonstrated technological superiority within its industry. The award recognizes the ability of the company to introduce new technology, formulate a well designed product family and enhance significant performance contributions to the battery industry. This product once commercially manufactured will replace lead-acid batteries as well as other chemistries in numerous applications. The technology provides superior energy densities, longer cycle life, quick recharge characteristics as well as minimizing the use of lead. Our battery weighs less than half the traditional unit and takes up much less space under the hood. This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions. No assurance can be given that these are all the factors that could cause actual results to vary materially from the forward-looking statements. KEYWORD: NEVADA INDUSTRY KEYWORD: MANUFACTURING MANUFACTURING GOVERNMENT ENERGY ENERGY PRODUCT SOURCE: Power Technology CONTACT INFORMATION: Power Technology, Inc Lee A Balak, 604-925-0716 e-mail: lbalak@shaw.ca
------------------ Due Da Due......But Be Quick About It!!!!!
posted
> HOUSTON, Aug. 31, 2004 (PRIMEZONE) -- Power Technology, Inc. (OTCBB:PWTC) announced today that the Company has closed on a new $5.5 million round of equity and debt. The transaction closed on Friday, August 26, 2004, and the first round of funding was received by the company yesterday. Chairman and CEO Bernard J. Walter commented, "This round of capital funding will allow the company to begin the commercialization of its unique, patented technology for batteries. We intend immediately to begin pre-production engineering and development, and we expect to begin producing batteries for sale by 2005. This is a major milestone in the life of the company and I would like to personally thank our shareholders for their support." Houston based Corporate Strategies Merchant Bankers www.corporate-strategies.net advised the Company on the $5,500,000 transaction.
About Power Technology, Inc. -- Power Technology, Inc. is a research and development company that is engaged in activities regarding alternative battery technology using patented, ultra light materials with up to 75% less weight and 90% less lead content than conventional batteries. The Company is in the early stages of commercializing its battery technology, and intends to introduce its batteries for sale in 2005.
This press release includes projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements included in this press release, other that statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations are disclosed in this Press Release. While Power Technology, Inc. believes its forecasting assumptions are reasonable, there are factors that are hard to predict and influenced by economic and other conditions that are beyond Power Technology, Inc.'s control. Among the other important factors which could cause actual results to differ materially from those in the forward-looking statements are detailed in Power Technology, Inc.'s filings with the Securities and Exchange Commission.
CONTACT: Power Technology, Inc. Bernard J. Walter Chief Executive Officer 281-804-8854 www.PWTCBATTERY.COM
------------------ You Must Adapt To Your Opportunities And Weaknesses. You Can Use A Variety Of Approaches And Still Have A Consistant Result. - Sun Tzu, "The Art Of War"
Do Da Due.....But Be Damn Quick About It. - Dardadog, "Da Art Of Daytrading"
posted
PWTC showing strong steady movement last several days, with increasing volume, on the heels of great FINANCING news! - and now using former resistance of .025 as SUPPORT. Strong buying into close yesterday, could have nice lil' run today.
IP: Logged |
posted
Upticking nicely with little volume! Only 44 Mill. Float! Also - broke thru .03 resistance! Next resistance @ .04! Uptrending on heels of financing news a few days ago.
IP: Logged |