HOUSTON, March 20, 2006 (PRIMEZONE) -- Alternative energy company Power Technology, Inc. (OTCBB:PWTC) announced today a new pilot plant is underway to manufacture the company's unique battery current collectors. Once completed, the new plant is designed to be fully scalable to permit the mass production of the Power Technology Reticulated Vitreous Carbon current collectors.
Bernard J. Walter, President and CEO of the Company explained, "This facility will allow Power Technology to manufacture the current collectors necessary for the production of batteries utilizing our unique, proprietary technology. Equipment and machinery is scheduled for delivery in April and we expect to have the pilot plant operational in May of this year. This is a major accomplishment for the company in bringing the Power Technology research and development efforts to the commercial market for sale."
About Power Technology: Power Technology, Inc. is a 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.