HOUSTON, Nov. 3, 2005 (PRIMEZONE) -- Power Technology Inc. (OTCBB:PWTC) CEO Bernard J. Walter announced today that following a recent positive evaluation of the Company's proprietary battery technology, Power Technology has been invited to Taiwan to explore a joint venture to manufacture and sell Power Technology batteries. Mr. Walter stated, "These meetings have been arranged for next week in Taiwan only after the Company's technology was positively evaluated. We are looking forward to exploring a joint project to bring this important technology to the market."
About Power Technology: Power Technology, Inc. is a Research and Development Company engaged in activities regarding alternative battery technology using patented, 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.