Alternative Energy, Green Energy News Â? Power Technology, Inc. New accelerates battery technology development? Company Growth Stock, PWTC, to market smaller, lighter batteries for environmentally friendly alternative energy and Green Power Energy Applications
Houston, TX (PRWEB) September 28, 2004
Power Technology, Inc. (stock symbol = PWTC), has recently accelerated marketing activities itsa? winning new battery technology. See website for more information http://www.pwtcbattery.com details.
Recent developments include:
Adding a new CEO with business development and expertise in technology commercialization. Http://www.pwtcbattery.com/ceo-news.htm see for details and bio.
Securing $ 5,500,000 in funding the expansion (http://www.pwtcbattery.com/technology-financing-news.htm) to enable commercialization of new battery technology engineering pre- production and development.
locking up 27.6 million shares (http://www.pwtcbattery.com/stock-news-915.htm) to enhance the potential of stock market performance.
Announcing plans for the manufacture of prototype batteries for industry evaluation to refine sales strategy and manufacturing plans for marketing their unique battery technology.
Power Technology (PWTC) will use their patented, award-winning new battery technology (http://www.pwtcbattery.com/battery-technology.htm) to develop and market a variety of environmentally friendly (90% lead less) batteries should be less than half the size and up to 66% lighter than conventional batteries.
Company research indicates that these new batteries should also have superior recharge rates and lifetimes.
lighter, smaller batteries can be used businesses to meet the needs of industry electric wheelchair and many applications of green energy, including solar energy storage and wind power, fuel cells , electric vehicles, hybrids and other alternative energy technologies. See http://www.pwtcbattery.com/alternative-energy.htm for more information.
$ 14 billion annual market for industrial batteries includes traction (motive power) batteries and stationary (standby power supply or without) batteries.
In the automotive sector, more than 110 million vehicles lead acid batteries were manufactured in 2003 to more than 650 million vehicles on the roads of the world. About 81% of automotive battery sales worldwide in fiscal 2003 were for the automotive replacement market. Johnson Controls, a leader ahead of the U.S. acid battery manufacturer, produces batteries for more than 35 million vehicles per year. These batteries were valued at 1.8 billion. Over 50 million Chinese sealed lead-acid were shipped in 2003.
growth of hybrid vehicles have spurred the growth of nickel metal hydride and lithium that more than 120,000 hybrid cars were sold. Demand should continue to outpace production.
Notice: This release is for informational purposes only. Power Technology, Inc. has neither approved nor disapproved this release. This announcement does not constitute an offer or solicitation to buy securities. This information should not be considered any kind of advice or investment advice. These statements are not guarantees of future performance. All statements other than statements of fact, included in this release may be 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. Market information of the battery is based on BCC, Inc. Battery & EV Technology Newsletter, which keeps readers from the battery and technological developments in the industry and EV industry news.
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