HOUSTON, May 31, 2006 (PRIMEZONE) -- Alternative energy company, Power Technology, Inc. (OTCBB:PWTC) announced today that its battery-powered back-up power subsidiary, Sentry Power Technology, is now approved to act as an authorized dealer of AFC First Financial's innovative "EnergyLoan" Program. The EnergyLoan is a special financing program offered by AFC First as a FannieMae Approved Energy Loan Lender. Sentry Power Technology is now an authorized AFC First Dealer throughout its ten state service area from the mid-Atlantic to New England.
Sentry Power Technology, Inc. President, Bob Magyar stated, "With yet another active Hurricane season forecast for the East Coast and Gulf States, it makes perfect sense for small business owners and homeowners to purchase and have installed a Sentry Power Technology system to keep the lights and computer running so they will not lose access to the Internet or Email. The EnergyLoan program makes this simple and affordable and will allow our customers to enjoy the benefits of our quiet and reliable automatic battery backup systems for around $2.50 a day. This is a great value when one considers the peace of mind in knowing our systems provide automatic backup power to sump pumps, heater controls, security systems and refrigerators when at home or away." Sentry systems are designed for those customers who want backup power solutions but either cannot or will not use fossil fuel based generators.
Sentry Power President Bob Magyar stated: "We are pleased to offer the EnergyLoan Program to our customer base. AFC First Financial is a well established company offering innovative finance programs since 1947."
About Power Technology and Sentry Power Technology: Installed indoors, the Sentry Power system is quiet, produces clean office and/or household power, is completely automatic, transferring backup power demand onto the batteries in less then 20 milliseconds, and then returns primary power demand back to the utility when power is restored. Battery charging is fully automatic with the systems requiring minimal monthly operating costs. To learn more, visit the company at: www.sentrypowertechnology.com.
Power Technology, Inc. is an alternative energy Research and Development Company engaged in activities regarding alternative battery technology using 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 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.