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Microcap & Penny Stocks : Power Technologies, Inc. (PWTC - 3.75) -- Ignore unavailable to you. Want to Upgrade?

To: Gordon Owen who wrote (346)	9/13/2000 8:41:10 AM
From: Jack Russell	Read Replies (1) \| Respond to of 366

LAS VEGAS--(BUSINESS WIRE)--Sept. 13, 2000--Power Technology, Inc. (OTCBB: PWTC) today announced that it has entered into negotiations to acquire Bipolar Power International (BPI), a distinguished research and development company located in Whittier, Calif. BPI has been involved in advanced battery development and electric vehicle projects for over 25 years, having developed a number of proprietary battery technologies that helped to provide significant increases in the power, energy and life of today's lead-acid batteries. Power Technology will combine its patented metal-foam technology with BPI's own proprietary battery technology in an accelerated effort towards the commercialization of an advanced battery. Work will take place at BPI's 8,000 square foot facility in Whittier. Power Technology has requested that Jeff Arias, President and CEO of BPI, present the results of his initial testing on the Power Technology patented foam plates at Power Technology's annual shareholder meeting this Thursday in Las Vegas, Nev. Lee Balak, President of Power Technology, stated, "The acquisition of BPI would provide Power Technology with the ability to fast-track the commercialization of a battery utilizing Mr. Snaper's reticulated plate structure. This effort could also provide a battery for the electric wheelchair market, a $30 million segment which is just one of a number of potential niche markets for the Company's products." Power Technology's director, Dr. Hugh Pomrehn, who has headed up the negotiation process with BPI, stated, "I have complete confidence that the two organizations can merge their technologies and produce battery products that will advance the performance standards of the lead-acid battery industry." Power Technology, Inc. is a Las Vegas-based technology development company, which holds several patents in the power generation and power storage fields, and is working to provide innovative and practical technology solutions for commercial, government, and industrial applications worldwide. Certain statements in this news release may constitute "forward looking" statements within the meaning of section 21E of the Securities Act of 1934. Such forward looking statements involve risks, uncertainties, and other factors, which may cause the actual results, performance or achievement expressed or implied by such forward looking statement to differ. --30--RV/ph* CONTACT: Power Technology, Inc., Las Vegas Investor Information: Investor Communications Company 888/345-0434 or Princeton Research Product Information: 702/251-7163 - voice 702/251-7165 - fax URL: powerpwtc.com KEYWORD: NEVADA INDUSTRY KEYWORD: ENERGY ENVIRONMENT CHEMICALS/PLASTICS MERGERS/ACQ Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com