PWTC - Power Technology Announces Battery Test Results At Shareholders Meeting - 2 Million Float
Business Wire
September 21 2000 07:37AM PT
'The truth is that hybrid (gasoline-electric) vehicles are already on the market and novel, high performance battery technologies
which are being developed, could indeed power tomorrow's cars in a more cost effective and straightforward manner than fuel
cells (e.g., virtually no new fueling infrastructure should be developed)
LAS VEGAS--(BUSINESS WIRE)--Sept. 21, 2000--Power Technology, Inc. (OTCBB: PWTC), a power generation
technology development company, held its annual shareholders meeting on September 14, 2000 at Company headquarters in
Las Vegas, Nev.
Management teams from Power Technology and Bipolar Power International (BPI) made a comprehensive presentation to the
attending shareholders.
Mr. Jeff Arias, BPI President, presented his company's background as well as the results of their work to date with Power
Technology's patented reticulated metal-foam battery plates. BPI has built a number of test cells to compare the performance
of ordinary lead-acid battery plates versus test plates made with Power Technology's reticulated foam and BPI's proprietary
high performance paste formulation.
The test results showed major benefits in combining the companies' two unique technologies.
Mr. Arias stated, "Preliminary test results indicate that material-utilization efficiencies were more than doubled using BPI paste
with Power Technology foam." (Utilization efficiency is the measure of how much electricity a battery can deliver per pound of
active material inside.) "Furthermore," he continued, "this is a major improvement, since typical battery efficiencies are around
30%."
Other test data presented showed the result of the life-testing on the test cells. The test cells show no decrease in capacity after
120 charge-discharge cycles, and testing is still continuing. "We have only been at this for 2 months," noted Mr. Arias, "but
these preliminary test results look very good."
He then demonstrated the first laboratory prototype 2-volt battery cell, built with the Power Technology+BPI-technology
plates. To demonstrate the prototype, Mr. Arias powered a cooling fan with complete success.
B.C. Research Inc. (www.bcresearch.com) also provided Power Technology's management with the first test results from their
team efforts at their dedicated facility. The initial tests of Power Technology's patented reticulated lead plates showed the
following advantages over standard grid plates:
-- Up to 300% higher charge capacity
-- Up to 200% longer discharge time
-- Up to 200% higher specific energy
Research and development are continuing in the following areas:
-- Comparisons of foam vs. plate performance with different pastes
-- Corrosion studies of foam plates
-- Characterization and optimization of structural and compositional aspects of lead foams
-- Mathematical modeling of reticulated lead-acid battery for design and construction of 12-, 36- and 42-volt prototypes
Novel battery technologies have an "image and perception problem" when compared to fuel cells. Generally speaking, the fuel
cell technology is much better promoted and marketed.
As a result, fuel cells are somewhat unjustifiably perceived by both the investment community and the general public, as the
most important or furthermore, the only and ultimate alternative clean (green) technology which is destined to replace the
internal combustion engine.
Problems regarding the mass production, commercialization and the extensive infrastructure associated with fuel cells are
generally disregarded during "marketing."
Dr. Elod Gyenge, a senior consultant and electrochemist for BCRI, stated that, "Batteries are usually perceived as useful only
for consumer electronics and some smaller niche markets, such as golf carts, wheel chairs or small utility vehicles.
Whilst, fuel cells are promoted as the technology which will revolutionize the car market and it will change completely the
automotive industry, batteries are perceived in a low-key fashion.
The truth is that hybrid (gasoline-electric) vehicles are already on the market and novel, high performance battery technologies
which are being developed, could indeed power tomorrow's cars in a more cost effective and straightforward manner than fuel
cells (e.g., virtually no new fueling infrastructure should be developed).
"Therefore, the image of batteries as mostly consumer electronic power sources must be changed and is time to think 'big'
regarding batteries. The Power Battery technology has to be promoted and perceived by the general public and the investment
community as an excellent and more feasible alternative to the internal combustion engine."
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
___________________________________________________
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