Los Alamos, NM April 30, 2002 -Manhattan Scientifics,
Inc. (MHTX), a U.S. technology development company specializing
in alternative energy, and Aprilia, Europe's second largest two
wheel vehicle manufacturer, unveiled a new fuel cell powered scooter
today at the International Paris Fair.
The scooter is an environmentally friendly electric concept vehicle
called "MOJITO FC." Powered by Manhattan Scientifics'
new 3000 watt fuel cell, the scooter is silent, pollution-free and
ideal for urban use. Fueled by hydrogen, production models should
be capable of covering 120 miles with a single fueling at a top
speed of at least 35 miles an hour.
The MOJITO FC is the second Aprilia fuel cell powered concept
vehicle developed with Manhattan Scientifics. The two companies
previously developed the Aprilia ENJOY FC, a concept fuel cell powered
bicycle. In 2001, the ENJOY FC bicycle received strong international
press coverage and received one of Time Magazine's 2001 "Inventions
of the Year" awards.
Manhattan Scientifics developed the vehicles with Aprilia to interest
manufacturers and other parties in the advantages of fuel cell powered
personal transportation. The company believes that in production,
the fuel cell scooter will be highly competitive with and have many
advantages over battery and gasoline powered scooters.
The new scooter uses Manhattan Scientifics' proprietary fuel cell
technology developed by its German unit, NovArs GmbH. The fuel cell
is a hydrogen/air system using advanced materials and unique technologies
to minimize size and weight. The system operates under ambient conditions
without additional ancillary equipment such as pumps or special
cooling. The fuel cell system, including all electronics, valves
and fans, weighs slightly less than 6 kg. The weight of the fuel
vessel is only 4.3 kg.
Manhattan Scientifics believes fuel cell scooters with optimized
drive systems will achieve a higher top speed and quicker acceleration
than current vehicles with 50 and 80 cc internal combustion engines.
In addition, with an integrated fuel supply, the scooter should
provide at least twice the range of a battery driven vehicle on
a single fueling.
Manhattan Scientifics' Chief Operating Officer Jack Harrod said,
"This fuel cell powered scooter is a continuation of our efforts
to introduce practical, alternative energy power for personal transportation.
There are an estimated 100 million motorized two-wheel vehicles
in use worldwide with the greatest number concentrated in the crowded
cities of Asia. Global scooter production exceeds 17 million units
annually and use is expanding. Pollution and noise are major problems
in crowded cities particularly in Asia. In year 2000, an estimated
10 million noisy, polluting scooters were sold in China and 3 million
in India. We believe our non-polluting fuel cell scooter could play
an important role in helping to alleviate these conditions."
CEO Marvin Maslow said, "We believe our NovArs technology
sets the benchmark as the smallest size and lightest weight engine
in the budding fuel cell industry. This means our patented engine
has particular application with portables -- everything from laptop
computers to power tools to bicycles, scooters, golf carts, wheelchairs,
and small boats. Imagine driving the new MOJITO scooter in total
silence for 120 miles on a single fueling of inexpensive hydrogen.
"
Maslow added, "Industry experts believe it might be a decade
before we see true mass production and mass purchased fuel cell
cars on our roads. But this need not be true for other smaller forms
of fuel-cell-driven personal transportation, which are expected
to play a significant role in the near term for "people moving."
This has particular significance today with our emphasis on lessening
our dependence on foreign imported oil. We are entering the hydrogen
age. Hydrogen is the basic source of energy in the universe. The
sun is fueled by hydrogen and our oceans contain a virtually inexhaustible
supply of it. Eventually hydrogen will become a readily available
inexpensive fuel and we will use it to power our homes, our transportation,
our offices and our factories."
Images of the MOJITO FC scooter may be found at the website
www.hawkassociates.com/mhtx/photos.htm
An investment profile on Manhattan Scientifics may be found on
the website
www.hawkassociates.com/mhtx/profile.htm
Manhattan Scientifics, Inc. is a technology development company
working in the fields of alternative energy, holographic data storage
and computer touch technology. The company's development laboratories
are located in Los Alamos and Albuquerque, New Mexico and Passau,
Germany. Its executive facility is located in NewYork City. Copies
of Manhattan Scientifics' press releases, current quotes, stock
charts and other information for investors may be found on the websites
www.mhtx.com and www.hawkassociates.com.
The foregoing press release contains forward-looking statements,
including statements regarding the company's expectation of its
future business. These forward-looking statements are based largely
on the company's expectations and are subject to a number of risks
and uncertainties, certain of which are beyond the company's control.
Actual results could differ materially from these forward-looking
statements as a result of a variety of factors. These include but
are not limited to, successfully completing the research and development
with respect to the fuel cells and other technologies, successfully
commercializing the fuel cells for mass production, successfully
protecting the company's patents, and effective significant industry
competition from various entities whose capabilities far exceeds
the company's. In light of these risks and uncertainties there can
be no assurances that the forward-looking statements in this press
release will in fact transpire or prove to be accurate.
Executive Contact:
Marvin Maslow, CEO
Manhattan Scientifics, Inc.
(212) 752-0505; (Mobile) (917) 923-3300
E-mail: maslow@ix.netcom.com