Third Significant Patent Issued For Manhattan Scientifics Miniature Fuel Cell
June 29, 1998 02:44 PM
LOS ALAMOS, N.M., June 29 /PRNewswire/ -- Manhattan Scientifics, Inc. MHTX today said another new patent has been issued to inventor
Robert Hockaday for proprietary micro fuel cell technology owned by the company's licensor, Energy Related Devices. The latest patent is
titled "Surface Replica Fuel Cell for Micro Fuel Cell Electrical Power Pack."
Commenting on the patent, Hockaday said, "This further secures our unique position in this rapidly emerging technology which scales fuel cells
to a size appropriate for portable consumer devices. This latest patent covers our concept of an integrated power pack device that we believe
will have extensive applications for consumer electronics and gets us to our ultimate goal in a significantly shorter period."
The patent is the third one granted in connection with Hockaday's development of miniature fuel cells. The earlier two patents covered the basic
concept of the miniature fuel cell itself and the concept of manufacturing the fuel cell like a printed circuit board. Hockaday has a number of
other patents pending.
Marvin Maslow, Chairman and CEO of Manhattan Scientifics, said, "This patent brings us another step closer to commercialization of the
miniature fuel cell. We are very pleased with the ability of Bob Hockaday to continue to strengthen our his leadership position in this exciting
new technology."
Hockaday's initial goal is to produce power packs for cellular phones that will allow phones to remain on standby for up to 40 days compared to
the 24 hours that cellular phones can now remain powered up before running down. The company is currently investigating strategic
partnerships with several large national and international firms to advance the technology to commercialization within two years.
Despite the potential to run on renewable energy sources such as methanol, fuel cell technology so far has not been practical for consumer
electronics because of the size of the devices necessary to produce small amounts of electrical energy. Now, using the materials and
miniaturization technology that have reduced computers from refrigerator size machines to the size of a dime, Hockaday has developed a
working micro fuel cell technology capable of powering small portable devices such as phones or laptop computers. The critical fuel cell
material developed by Hockaday can be printed inexpensively on roll plastic film, much the same way that printed circuits are produced.
Because the materials used have no negative impact on the environment, there are no disposal problems, which are a concern for many
municipalities that have enacted bans on battery disposal.
Manhattan Scientifics, Inc. currently serves as a technology incubator for two companies, Energy Related Devices, Inc., a licensor of certain
technologies to the company, and Tamarack Storage Devices, Inc., a subsidiary of Manhattan Scientifics. Both companies possess patented
technologies that provide solutions that will potentially shape the future for two of the most critical issues in the advancement of consumer
electronics: portable power and data storage.
For further information, contact Marvin Maslow, chairman, chief executive officer and President of Manhattan Scientifics, at 212-971-3000 or
Frank Hawkins or Julie Marshall at Hawk Associates 305-852-2383. Copies of Manhattan Scientifics press releases, SEC filings, current
quotes, stock charts and other useful information for investors may be found on the websites www.manhattsci.com and
www.hawkassociates.com.
The foregoing press release contains forward-looking statements, including statements regarding the company's expectation of its future
business. These forward looking statements are based largely on the company's expectations and are subject to a number of risks and
uncertainties, certain of which are beyond the company's control. Actual results could differ materially from these forward looking statements
as a result of a variety of factors including successfully completing the research and development with respect to the micro fuel cell,
successfully commercializing the micro fuel cell for mass production, successfully protecting the company's patents, and effective significant
industry competition from various entities whose research and development, financial, sales and marketing and other capabilities far exceeds
the company's. In light of these risks and uncertainties there can be no assurances that the forward-looking statements in this press release
will in fact transpire or prove to be accurate.
SOURCE Manhattan Scientifics, Inc.
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