Los Alamos, NM, (December 7, 1999) – The MicroFuel Cell‘ Device owned by Manhattan Scientifics, Inc. (OTC BB: MHTX) which uses methanol to power cellular phones and other portable electronics has been named a winner of INDUSTRYWEEK Magazine’s 1999 Technology and Innovations Award. The award, now in its seventh year, recognizes innovations that demonstrate technological creativity and economic progress.

Joining Manhattan Scientifics as 1999 Technology and Innovation Awards winners are IBM, Lucent Technologies, National Semiconductor, National Institute of Standards & Technology, Pitney Bowes, and Sony Corp.

A complete description of the Technology and Innovation Award, including a detailed article on Manhattan Scientifics’ MicroFuel Cell technology, is featured in the magazine’s December 6 issue. It can be accessed online at www.industryweek.com/tech&innovation or at the Manhattan Scientifics Web site, www.mhtx.com.

"Winners of INDUSTRYWEEK’s Technology and Innovation Awards span the entire range of science and engineering. The editors seek developments that show high potential for redirecting business opportunities and creating new growth in the manufacturing world," explained Editor-In-Chief John R. Brandt. "Represented among the winners are software and hardware solutions for manufacturing, new computer-aided systems for management decision-making, R&D developments with the potential for creating new industries, as well as commercial products that represent bellwethers for fundamental change."

"Our research team has worked very hard in pursuit of my lifelong dream to provide a low-cost, environmentally-friendly power source for portable electronics," stated Robert G. Hockaday, inventor of the MicroFuel Cell and Chief Fuel Cell Scientist, Manhattan Scientifics. "We recently reported the successful run of the MicroFuel Cell for 24 consecutive hours, and there has since been significant additional progress. This award is a wonderful recognition of our technology and the potential it offers."

Manhattan Scientifics’ first target to commercialize MicroFuel Cell technology is the cellular telephone. According to the New York Times, Nokia has predicted that the number of people using mobile phones could reach one billion by 2002. Manhattan Scientifics will also pursue MicroFuel Cell development for other portable electronics such as pagers, laptops and video cameras. According to the company, several corporations are interested in testing the completed commercial prototype upon its availability, expected in early 2000.

"I congratulate our team led by Bob Hockaday for winning this award, which is so important in the technology world," said Marvin Maslow, chief executive officer, Manhattan Scientifics, Inc. "There is no question that fuel cells will soon play a vital role in supplying clean, low-cost energy for people on the go worldwide. There should be no question that Manhattan Scientifics will play a significant role in future technology developments surrounding portable energy devices."

INDUSTRYWEEK is the flagship publication of Penton Media, Inc. (NYSE:PME). It is a management magazine that helps senior executives in manufacturing and its supporting industries build, safeguard, and expand the wealth of their companies. IW has a circulation of more than 800,000 readers. Penton Media, Inc. is a leading diversified business media company that produces market-focused magazines, Web sites, trade shows and conferences, and provides marketing and business development services. Their Web site is located at www.penton.com.

Manhattan Scientifics, Inc. develops and commercializes proprietary technologies to advance consumer and commercial electronics. These include MicroFuel Cell technology for portable electronic devices, NovArs mid-power-range fuel cell technology, holographic media for data storage, and an option to license the worldwide consumer rights to an ultra-efficient nanoporous polymer water filtering technology. Its research headquarters are in Los Alamos, New Mexico, and its business offices are located in New York City. Copies of Manhattan Scientifics press releases, current quotes, stock charts and other information for investors may be found on the Web sites www.mhtx.com and www.hawkassociates.com. For further information, contact Manhattan Scientifics CEO Marvin Maslow (917) 923-3300. The business address of Manhattan Scientifics, Inc. is 641 5th Avenue, New York, N.Y. 10022; (212) 752-0505/Fax (212) 752-0077.