Power Tech, Douglas Enter Battery Agreement

Power Technology Inc. (Las Vegas) announced it has entered an agreement with Douglas Battery Manufacturing Co. (Winston-Salem, NC) to evaluate, test and develop a battery based on Power Technology's battery structure and methods.According to Power Technology, work is currently in progress by both parties. Technical personnel from Douglas Battery are assisting Power Technology in further development, prototyping and evaluating the battery design for performance and capacity testing against industry standards. The evaluations will be based on Power's Electrochemical Battery Structure and Method patent application, which includes claims for a magnitude of increased surface area, weight reduction, benign chemistries and minimized material usage. The patent application will remain the sole property and trade secret of Power Technology, according to the firm."We look forward to this venture with Douglas," stated Power Technology President Lee Balak. "We believe that their expertise will assist us with our quest of industry acceptance and commerciality. I am looking forward to the relationship with Douglas and am encouraged by the opportunity for both of our companies."