HOUSTON, May 4, 2006 (PRIMEZONE) -- Alternative energy company Power Technology, Inc. (OTCBB:PWTC) announced Tuesday, May 2, 2006 that Kung Long Batteries Industrial Co., Ltd. of Taiwan (Taiwan Stock Exchange -- 1537.TW) has completed its initial testing of Power Technology's proprietary current collectors and will manufacture a prototype battery for advanced evaluation. Power Technology issues this press release to clarify that press release.
Joey Jung, Vice President and Chief Technology Officer of Power Technology, commented "Kung Long Batteries has successfully completed its initial testing of the current collectors we provided to it in February. Based on that testing, Kung Long has decided to use our current collectors, our core patent pending technology, to manufacture a working prototype battery. Kung Long intends to thoroughly test and evaluate our battery's performance. Once the advanced testing and evaluation is completed, Power Technology believes it will enter into a collaborative business relationship with Kung Long."
Kung Long Batteries Industrial Co., Ltd. is a publicly traded expert manufacturer of lead acid batteries. It owns and operates two manufacturing facilities in Taiwan and one in Viet Nam. It manufactures more than 200 different types of batteries, including batteries for electric vehicles, uninterrupted power supply systems, alternative energy systems, solar energy systems, mobile energy, motorcycle and automotive uses. More information concerning Kung Long Batteries is available on its website at http://www.kunglong.com/
About Power Technology: Power Technology, Inc. is a research and development company engaged in activities regarding alternative battery technology using materials with up to 50% less weight and significantly less lead content than conventional batteries. The Company is in the early stages of commercializing its technology, and has designed equipment and systems to manufacture its patent pending batteries.
Please visit our website at www.PWTCBATTERY.com for more information or call the company directly at 713-621-4310.
All forward-looking statements are, by necessity, only estimates of future results and actual results achieved by Power Technology, Inc. (PWTC) may differ materially from these statements due to a number of factors. PWTC assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.