HOUSTON, Feb. 1, 2006 (PRIMEZONE) -- Power Technology, Inc. (OTCBB:PWTC) announced today that it had purchased machinery and equipment required for the manufacture of its patent-pending battery technology. The Machinery purchased is designed to apply lead tin plating on the company's proprietary, patent pending vitreous carbon plates.
Bernard J. Walter, CEO of Power Technology, stated, "This equipment will allow us to achieve our long awaited goal of producing the critical components for manufacturing Power Technology batteries. We expect delivery in twelve to sixteen weeks of our unique plating system machinery."
About Power Technology: Power Technology, Inc. is a Research and Development Company engaged in activities regarding alternative battery technology using patent-pending, ultra light materials with up to 50% less weight and significantly less lead content than conventional batteries. The Company is in the early stages of commercializing its battery technology and has designed equipment and systems to manufacture its patent pending batteries.
Please visit our website at www.PWTCBATTERY.com for more information or call the company directly at 713-621-4310.
All forward-looking statements are, by necessity, only estimates of future results and actual results achieved by Power Technology, Inc. (PWTC) may differ materially from these statements due to a number of factors. PWTC assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.