An energy industry growth stock has accelerated commercialization of their award winning new battery technology with multiple green energy applications (http://www.pwtcbattery.com). The undervalued growth stock company has recently added an experienced CEO, obtained $5.5 million expansion funding, announced a stock lock up agreement for 27,600,000 Shares Of
PWTC Common Stock and received favorable local, business and stock media coverage.
Houston, TX (PRWEB) September 18, 2004 -- Power Technology, Inc. (stock symbol = PWTC), an alternative battery technology research and development growth stock company, has recently accelerated activities to commercialize its award winning (http://www.pwtcbattery.com/technology-news.htm) technology.
The Companys is utilizing patented, ultra light materials to develop smaller sized batteries with up to 75% less weight and 90% less lead content than conventional batteries (http://www.pwtcbattery.com/battery-technology.htm).
They intend to introduce batteries for sale in 2005. Their new battery technology can be used to satisfy the needs of the electric wheelchair industry as well as many green energy applications including solar and wind power storage, fuel cells, electric cars, hybrid engines and other alternate energy technology. See http://www.pwtcbattery.com/alternative-energy.htm for more information.
Power Technology has recently had several key developments that could significantly enhance the value of their stock. These include:
New CEO, President Appointed – A successful litigation attorney with technology commercialization business expertise joined PWTC. See http://www.pwtcbattery.com/ceo-news.htm for bio and details.
$5,500,000 Capital Commitment Secured - Funding (http://www.pwtcbattery.com/technology-financing-news.htm) enables battery technology commercialization pre-production engineering and development.
Stock Lock Up Agreement - Former CEO agrees to hold 27,600,000 million shares of PWTC
common stock until January 1, 2005, and he will limit selling his stock to 500,000 shares every six months thereafter (http://www.pwtcbattery.com/stock-news-915.htm).
Notice: This release is for information purposes only. Power Technology, Inc. has neither approved nor disapproved this release. This release is not an offer or solicitation to buy securities. This information should not be considered to be any type of investment opinion or advice. These statements are not guarantees of future results of performance. All statements, other than statements of fact, included in this release, may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements.
###
|
