HOUSTON, March 28, 2007 (PRIME NEWSWIRE) -- Power Technology (OTCBB:PWTC) announced today that during the week of April 2, 2007, a commercial battery plant will begin manufacturing the company's Valve Regulated, Absorbed Glass Matt, Maintenance Free, Lead Acid batteries for customer evaluation and testing. Batteries will be delivered to Kung Long Batteries Industrial Co. Ltd., a publicly traded expert manufacturer of lead acid batteries and to Power Battery Co., a privately owned battery manufacturer which has major locations in Patterson, New Jersey, Iberville, Quebec, Canada, and Romsey, England. Kung Long's stock is listed on the Taiwan Stock Exchange under the symbol 1537.TW. In addition, batteries will be delivered to other independent manufacturers for evaluation and testing.
About Power Technology -- Power Technology, Inc. (OTCBB:PWTC) is an alternative energy Research and Development Company engaged in activities regarding alternative "green" battery technology using patented light materials with up to 50% less weight and significantly less lead content than conventional batteries. The Company is 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.