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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50] -- Ignore unavailable to you. Want to Upgrade?


To: Bucky Katt who wrote (2131)5/14/1999 9:45:00 AM
From: Jack Russell  Respond to of 4766
 
Here is a nice little BB stock that invents products several of them very good... the latest being a new battery ... Late press release has it some big contracts on the way to market them and manufacture..
PWTC Power Technologies...Around $2
Power Technology Signs MOA's With Two Manufacturers
LAS VEGAS (April 1) BUSINESS WIRE -April 1, 1999--Power Technology, Inc. (OTC BB: PWTC) announced today that it has entered into two memorandums of understanding with two separate entities for advancement of the Company's patented technologies.
Power Technology has entered into an initial arrangement with an Asian consortium that has manufacturing and distribution resources in Hong Kong and mainland China. The arrangement provides for financing, technical support and joint cooperation in completing the prototyping and testing of Power Technology's nickel-iron battery.

The consortium is especially interested in manufacturing and distributing Power Technology's battery for the existing automotive industry and the emerging electric vehicle industry, as well as marketing a new configuration battery for the exceptionally large bicycle market in Asia.

Secondly, Power Technology has entered into a memorandum of understanding with an Eastern Canadian electronics company that manufactures and distributes electronic equipment specific to water measurement for hydro utilities and government agencies such as Environment Canada.

This arrangement will provide financing for the continued development of Power Technology's alloy sensor technology, which generates a continuous 1.5 volts when in contact with an aqueous environment. The electronics firm intends to market this alloy sensor technology to their existing client base.

The two companies are also discussing the formation of a new company, which would be an R & D arm to further test the theoretical potentials of Power Technology's sensor alloy technology and search out other marine and industrial applications.

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 Exchange 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 statements to differ. Power Technology, Inc. is quoted on the OTC Bulletin Board as "PWTC"

--------------------------------------------------------------------------------1. How long does it take to charge? Power Tech's battery can recharge in about 1 hour on a 110v standard household outlet. Our competition is as follows: Lead Acid: 3-5 hrs., Lithium ion: 3hrs., Sodium Sulfur: 6hrs., Nickel Metal Hydride: 2-6hrs., Nickel Cadium: 2-6hrs.

2. How long does it retain its charge and last? Power Tech's retains its charge 200-250 miles. Our competition is as follows: Lead Acid: 50-80 miles, Lithium ion: 210-270 miles, Sodium Sulfur: 100 miles, Nickel Metal Hydride: 140-180 miles, Nickel Cadium: 65-115 miles.

3. Does it have enough power to start a motor? Yes

4. How much does it cost? The price has not yet been finalized for commerical production, but is significantly less (a fraction of the cost) than our competition.

For additional information and to receive news on Power Tech, please visit iccinfo.com.

Thank you