Robert --
I can't seem to send you a PM so will have to post here. I'm starting research on Manhattan Scientifics and wonder if you'd give your opinion:
mhtx.com
This company was suggested to me by a friend whose father is an engineer in Irvine. I've not invested yet but he has.
Manhattan Scientifics [MHTX.OB]
biz.yahoo.com
FAQs:
Q. Can your fuel cell technology be applied to very large applications, such as replacement of the internal combustion engine?
A. A number of other companies are working this concept now. In fact, earlier this year Ford Motor Company announced it would invest $420 million in a global alliance with German auto manufacturer Daimler-Benz A. G. and Canadian alternative energy company Ballard Power Systems Inc. to develop automotive engines powered by fuel cells. The companies have set a target of 2004 for a commercial fuel cell. Alex Trotman, Ford's chairman, called fuel cells "one of the most important technologies for the early 21st century." Energy Related Devices and Manhattan Scientifics intends to focus on small applications at this time. The automobile engine replacement is our last target because the replacement power plant must be manufactured at less then $0.01/watt of power to be cost competitive. Our current target market of portable electronics is competitive if we can produce power devices at $100/watt.
Q. Can your fuel cell be run from natural gas?
A. Natural gas is one of the hardest fuels to electro catalytically run on. We have not tried it. However, we expect that for larger systems a fuel reformer would be used and our fuel cell could be a component of that system.
Q. Besides lasting longer and being refueled instead of recharged, how will your fuel cell be different from conventional batteries and can they be used in all applications conventional batteries are used in now?
A. The major difference between a micro fuel cell and a conventional battery is that fuel cells have to "breathe." That is, there must be a small amount of air available for the electrochemical process to work. Thus, the cellular telephone, pager, video camera, laptop computer and other portable consumer electronic devices are perfectly suited to be powered by micro fuel cells.
Q. If your fuel cell "breathes" does that mean that there is some sort of exhaust? And if so, would there be noticeable condensation?
A. The micro fuel cell does "exhaust" minute amounts of carbon dioxide and water vapor, similar to that amount you have on the palm of your hand right now.
Q. If your micro fuel cell uses methanol as a fuel, wouldn't it be considered a combustion hazard?
A. The fuel used in a micro fuel cell is a combination of methanol and water.It is no more combustible than a vodka martini.
Q. What is the relationship between Manhattan Scientifics, Inc. (MHTX) and Energy Related Devices, Inc. (ERD)?
A. Robert G. Hockaday, inventor of the Micro Fuel Cell?, incorporated Energy Related Devices in 1997 in order to facilitate the development of his micro fuel cell idea. His first fuel cell patent was granted in 1987.
Manhattan Scientifics entered into an exclusive contract with ERD in January 1998. It acquired the world rights to the micro fuel cell patents and inventions together with the Hockaday development team commitment to complete the invention to a finished, working prototype. MHTX's obligation is to provide capital, management, equity and royalties to Mr. Hockaday who became the largest individual shareholder in MHTX.
The entire fuel cell engineering development team is actually employed by ERD. Hockaday remains as President of this corporation, which is a sub-contractor to Manhattan Scientifics, Inc.
Q. RE: Micro Fuel Cells: When will the Company bring its first product to market? How?
A. The company's business Plan is to first develop a small, portable, fuel-cell-powered charger. This device, to be built into a fitted carrying holster for a cellular phone, will constantly charge the phone's conventional battery, thus creating an "always on" powered telephone. In this manner, the company will not immediately challenge the battery industry. Instead it will compliment it. Manhattan Scientifics would like to eliminate the word and the memory of AC electrical wall-plug recharging. Management believes that it will be successful in "partnering" with a major strategic corporation within the battery, telecommunications, consumer electronics, or chemical industries. Manhattan Scientifics is not sufficiently capitalized to manufacture and distribute its fuel cell products alone. Once a committed, well capitalized corporate partner has been identified and a working relationship secured, management intends to have its fuel cell products mass produced and distributed by larger organizations. Management's goal is to see first products enter the marketplace by the end of the year 2000.
Q. Are the Company shares liquid? Do they trade often? Where are they traded?
A. Over 37 million shares have exchanged hands in the first 11 months since we went public. This suggests widespread interest in the work we are doing at our Los Alamos based facility. the MHTX shares are traded on Nasdaq's OTC Bulletin Board marketplace.
Q. Does the fuel cell product work yet or is it theory?
A. It works. We have a demonstration breadboard prototype in our lab. We've tested it and made phones calls with it. Shareholders and interested parties can arrange to visit us and see it/use it.
Q. Is it commercially viable ?
A. Not yet. We believe it will be soon.
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New Mexico Software:
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Los Alamos, NM, (June 7, 1999) -- Manhattan Scientifics, Inc. (OTC BB: MHTX) announced today that it is acquiring 5.0 million shares of New Mexico Software, Inc., (NMS) a private company located in Albuquerque, NM. The transaction will be completed when NMS becomes public, an event planned to occur within the next 60 days. Manhattan Scientifics will own approximately 30% of the public company. The terms of the transaction were not disclosed.
New Mexico Software develops and markets proprietary Internet technology-based software for the high-speed transmission of high-resolution graphic images, video clips and audio recordings. The software also provides image archiving, asset packaging, data mining and secure e-commerce transaction capabilities. All aspects of the NMS software provide business-to-business cost-saving solutions for the secure distribution, management, storage and retrieval of digital/media assets, as well as significant e-commerce enabling capabilities.
The software matrix allows multiple resolutions -- from thumbnail to gigantic -- to be stored in a single file. Another feature of the software allows the viewer to zoom into tiny details without losing resolution. The software has major applications for the media, advertising, publishing, medical, entertainment, e-commerce and university markets.
NMS currently has 21 major clients including six Fortune 500 companies. The company has won several awards for its products including the Smithsonian Innovative Laureate 1998, PMA Innovative Product Award 1997 and the Advanced Imaging Magazine?s Imaging Solution of the Year for 1997.
New Mexico Software's CEO Dick Govatski said, "We welcome the association with Manhattan Scientifics to further enhance our technical and marketing capability. Manhattan's close affiliation with the Los Alamos National Laboratory will prove to be useful as we expand our technical capability to various markets. These opportunities include the accurate and precise high speed transport of high definition x-ray, MRI and other medical images to doctors and hospitals over the Internet.?
Marvin Maslow, Manhattan Scientifics? CEO said, "This a significant acquisition for Manhattan Scientifics because it demonstrates our ability to continue to expand our technology interests while adding substantial new value to our company.?
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List of articles:
ABCNEWS.com story
-US Tech article
-WIRED article
-Lee Iacocca
-Los Alamos Monitor story, May 30, 1999
Press Releases
1-PROJECTAVISION TAKES TAMARACK SUBSIDIARY PUBLIC IN REVERSE MERGER
2 -LOS ALAMOS PHYSICIST CREATES NEW ENERGY SOURCE FOR CELLULAR PHONES, OTHER PORTABLE ELECTRONICS
3 -MANHATTAN SCIENTIFICS, INC. NAMES JACK HARROD
AS CHIEF OPERATING OFFICER
4 -MANHATTAN SCIENTIFICS COMPLETES FUEL CELL POWERED PHONE CALL. DEVICE CONVERTS ALCOHOL TO ELECTRICITY
5. MANHATTAN SCIENTIFICS TO ACQUIRE MAJOR INTEREST IN INTERNET IMAGING COMPANY.
6. MANHATTAN SCIENTIFICS APPOINTS RICHARD A. EISNER CO. AS AUDITOR.
7. MHTX Acquires 5.4 Million Shares or 27.7% of NMXS.com.
8.MANHATTAN SCIENTIFICS ACQUIRES GERMAN FUEL CELL TECHNOLOGY-Boosts Potential Power Level to 3KW
9. MANHATTAN SCIENTIFICS TEAMS WITH POLYMER SCIENTIST Award-Winning Los Alamos Polymer Scientist Dr. Robert E. Hermes Will Direct Research on Holographic Data Storage Technology.
Presentations
1. Robert Hockaday's "Micro-Fuel Cells for Portable Electronics: A Summary of Presentations By Robert Hockaday, Chief Fuel Cell Scientist, Manhattan Scientifics, Inc." |
