Manhattan Scientifics Achieves Key Benchmark in
Micro Fuel Cell Technology
LOS ALAMOS, N.M., July 1 /PRNewswire/ -- Manhattan Scientifics, Inc.
(OTC Bulletin Board: MHTX) announced today that through Energy Related
Devices, a licensor of the company, it has succeeded in substantially boosting
the power output of its proprietary micro fuel cell.
Robert Hockaday, the inventor of the technology, said he has achieved
.4 milliwatts per square centimeter in electrical output from test cells in a
laboratory test environment. That corresponds to 1.5 milliwatts over
3.8 square centimeters. Hockaday said, "Reaching this critical benchmark puts
us in a strong position to reach our designated target by the end of the year.
This confirms we are on track toward our goal of having a fully working
prototype of our micro fuel cell by year-end. At that time we will
immediately move on to commercialization of the 'Manhattan Scientifics' fuel
cell."
This announcement of attaining the new benchmark in the development of the
miniature fuel cell follows last week's announcement of the third patent
granted to Hockaday in connection with the project, titled "Surface Replica
Fuel Cell for Micro Fuel Cell Electrical Power Pack."
Marvin Maslow, Chairman and CEO of Manhattan Scientifics, said, "Bob
Hockaday is moving ahead in a highly satisfactory manner on the fuel cell
project. He is determined to change the face of consumer electronics. We are
delighted to be managing such an exciting undertaking."
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 full
commercialization within two years.
Fuel cell technology is based on the electrochemical conversion of various
types of fuel to electric energy. Scientists have been experimenting with the
technology for over 30 years and the technology is currently used in space
exploration. Several global automobile manufacturers have invested heavily in
larger fuel cell technology as part of their efforts to reduce pollution
emitted by gasoline and diesel powered vehicles.
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. However, Hockaday has developed a working micro fuel cell
technology capable of powering small portable devices such as phones or laptop
computers. The critical 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. Projectavision (Nasdaq: PJTV) owns 44 million shares of
Manhattan Scientifics, Inc.
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
manhattsci.com and 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.
Web Site: hawkassociates.com
CONTACT: Executive, Marvin Maslow, CEO,
212-971-3000, or
505-989-4080; or Institutional Investor Relations, Frank
Hawkins,
of Hawk Associates, Fhawk@hawkassociates.com, or
305-852-2383; or
Technical Contact, Robert Hockaday,
robert9610@aol.com, or
505-662-0660, all for Manhattan Scientifics, Inc.
Web Site: htpp: //www.manhattsci.com |
