HOUSTON, April 11, 2005 (PRIMEZONE) -- Power Technology (OTCBB:PWTC) announced today that Nuytco Research Ltd. of Vancouver, British Columbia, (http://www.nuytco.com), a manufacturer of submersibles, has asked Power Technology to design and provide it with deep cycle, AGM prototype batteries for testing in its submersibles. Mike Reay, Engineering Technologist of Nuytco Research Ltd., stated: "The magnitude of the performance increase of the Power Technology battery over conventional lead-acid batteries is stunning. The increase in energy capacity is a huge advantage for submarine applications. We want to install and test the Power Technology prototypes as soon as they are available." Bernard J. Walter, Chairman and CEO of Power Technology added: "Nuytco Research Ltd. is a world leader in the development and operation of undersea technology and we are honored that have asked us to design and produce a prototype battery for this application. We look forward to Nuytco's involvement in the testing and development of our battery."
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 significantly less weight and 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.
About Nuytco Research Ltd. British Columbia based Nuytco designs, builds, and operates atmospheric diving suits, submersibles, remotely operated vehicles, HMI lights and other specialty equipment for underwater applications. Nuytco is best known for the DeepWorker class of 2,000-foot depth-rated micro submersibles, in both single pilot and pilot and passenger configurations. DeepWorkers have been used all over the world for scientific, survey, construction, oilfield, tourism, film and photographic work.
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.