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To: Didi who wrote (3533)	2/3/2000 2:19:00 PM
From: Keith A Walker	Read Replies (2) \| Respond to of 6531

OT: For those who care to speculate: Thursday February 3, 12:10 pm Eastern Time Company Press Release Manhattan Scientifics' (Sym: MHTXE) Micro Fuel Cell Reaches 3X Energy of Lithium-Ion Cell Phone Batteries New, More Efficient Cell To Be Incorporated in Prototype Cellular Phone LOS ALAMOS, N.M.--(BUSINESS WIRE)--Feb. 3, 2000--Manhattan Scientifics, Inc. (OTC BB: MHTXE) announced today a major research breakthrough: a Micro Fuel Cell(TM) test device achieved a specific energy output three times greater than standard lithium ion batteries currently used for cellular telephones. Manhattan Scientifics researchers believe their achievement of three times the energy output of lithium ion batteries is a step toward incremental increases in energy output. The research team is targeting a goal to exceed 10 times the energy output of conventional batteries. The test cell, developed at the company's Los Alamos research center, was powered by methanol and water, similar to common windshield washer fluid. In technical terms, it achieved a specific energy of 300 Watt*hours/kilogram of fuel. In theory this means that Micro Fuel Cell(TM) powered products could run three times longer on an ampule of fuel when compared with a rechargeable lithium ion battery of the same weight. Methanol powered micro fuel cells have the ultimate potential to deliver 30 times the energy of today's lithium ion batteries. According to Manhattan Scientifics' Chief Fuel Cell Scientist, Robert Hockaday, his research team recently incorporated a new efficiency innovation that provides more useful energy than the team was able to produce in previous test cells. He went on to state, ''Recently we have been focusing our efforts on new ways of improving fuel and energy efficiency. These latest results were stunning. And, based on what we've seen with these test cells I would consider these latest refinements to be one of the breakthroughs we have been seeking. The next step for the research team is to incorporate the new test cells into a working prototype cellular phone.'' Marvin Maslow, CEO of Manhattan Scientifics, said, ''This breakthrough moves us significantly closer to a commercial device. Once we select the right manufacturing and marketing partner, we could conceivably see Micro Fuel Cells for cellular telephones and other portable electronic devices in the market sometime in the year 2001. With the combination of our NovArs scientific team in Germany developing higher output fuel cells and the Hockaday engineering group in Los Alamos, we are confident that Manhattan Scientifics will retain its two niche positions in the forefront of the emerging fuel cell industry.'' On Dec. 12, 1999 the Hockaday team met a research milestone with a working prototype cellular phone running on stand-by for 24 hours with a talk time of 15 minutes. After reaching the milestone, his team began an intense effort to explore ways of increasing the power output necessary to substantially increase stand-by and talk times through more efficient and effective use of methanol. According to Hockaday this new breakthrough means, ''We have now overcome a major technical challenge in making a practical replacement for batteries.'' Manhattan Scientifics, Inc. is developing and commercializing proprietary technologies in the advancement of consumer and commercial electronics including micro fuel cell technology and holographic media for data storage and Internet-based image management. The Company is also developing nanoporous polymer filtering technologies. Manhattan Scientifics' research headquarters are located in Los Alamos, NM. Executive offices are in New York City. Copies of Manhattan Scientifics press releases, current quotes, stock charts and other information for investors may be found on the websites www.mhtx.com and hawkassociates.com. For further information contact Manhattan Scientifics CEO Marvin Maslow (212) 752-0505 or Investor Relations; Frank Hawkins (305)852-2383. Manhattan Scientifics' business address is 641 Fifth Avenue, New York, N.Y. 10022. 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. These include but are not limited to, successfully completing the research and development with respect to the and other technologies, successfully commercializing the fuel cells and holographic storage devices for mass production, successfully protecting the company's patents, and effective significant industry competition from various entities whose 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. Manhattan Scientifics, Inc. Olympic Tower, 641 Fifth Avenue, Suite 36F, New York, NY 10022 Tel: (212) 752-0505 Fax: (212) 752-0077 mhtx.com