HOUSTON, Feb. 28, 2007 (PRIME NEWSWIRE) -- Alternative energy company Power Technology (OTCBB:PWTC) reported today that the company has delivered its patented electrodes to Axion Power International (Pink Sheets:AXPW) (http://www.axionpower.com/b/) for testing. The purpose of the testing is to enable Axion to manufacture and test prototype batteries that feature Power Technology positive electrodes with Axion's proprietary e3 Super Cell Technology.
Chairman and CEO Bernard J. Walter stated "This is another concrete step in taking our prototype production and getting it ready for the sale in the battery market. We look forward to report the results of Axion are testing on the Power Technology electrodes."
About Power Technology -- Power Technology, Inc. (OTCBB:PWTC) is an alternative energy 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 built equipment and systems to manufacture its proprietary electrodes for its patented batteries. Please visit our website at www.PWTCBATTERY.com for more information.
All statements included in this press release, other than 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 that 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.