LOS ALAMOS, N.M.--
Manhattan Scientifics, Inc. (OTC Bulletin Board: MHTX), a fuel cell alternative
energy company, announced today that it has received its first miniature fuel
cell patent in Japan. The patent is a result of work by micro fuel cell scientist
Robert G. Hockaday and is a significant addition to Manhattan Scientifics' micro
fuel cell patent portfolio.
A
micro fuel cell is designed to power small portable electronics devices such as
cellular telephones, iPods and PDAs. Powered by methanol (windshield washer fluid),
the micro or miniature fuel cell is designed to replace batteries in portable
electronics by providing electric power to portable devices for weeks or even
months at a time without the need to recharge.
Marvin
Maslow, CEO of Manhattan Scientifics, said, "Though our micro fuel cell is
not yet commercially feasible, we continue our effort to complete the development.
Our goal is to create future revenue as a result of ownership of key protective
patents.
"Manhattan
Scientifics has two fuel cell technologies," Maslow continued. "In addition
to our micro fuel cell, we developed and patented a mid-range fuel cell engine
that could be used to drive electric scooters and bicycles."
The
company developed and tested prototypes of its small light-weight fuel cell engine
theoretically capable of driving people on scooters and bicycles long distances
inexpensively. Fuel cells convert hydrogen to electricity to power the vehicle.
An infrastructure of inexpensive hydrogen gas fuel is expected to become readily
available at bicycle shops throughout China's cities.
"Tens
of millions of people throughout Asia use two-wheel vehicles as normal transportation,
and this is our market," Maslow said. "We feel we've built and patented
a better mousetrap. Our focus now is to commercialize it through manufacturing
partnerships in Asia."
Fuel
cell-driven electric bikes may become a solution to the increasing cost of personal
transportation in the U.S. Americans are not generally considered to be a bicycle-dependent
nation, but an Oct. 9, 2005 article in the New York Times, "Gas Math: Subtract
Two Wheels," described the growing trend toward two-wheel vehicles in America
(http://www.nytimes.com/2005/10/09/fashion/sundaystyles/09bike.html?emc=eta1).
For many, the obstacles to biking to work no longer seem quite so insurmountable
in the face of $70 fill-ups at gas stations. The notion of reducing dependence
on imported oil and simultaneously cleaning air is appealing.
To
view photographs of prototypes, visit
http://www.hawkassociates.com/mhtx/photos.htm
.
An investment profile
for MHTX, press release histories, current quotes, stock charts and other investor
information may be found at http://www.hawkassociates.com/mhtx/profile.htm
and http://www.americanmicrocaps.com
.
About Manhattan Scientifics
Manhattan
Scientifics, Inc., http://www.mhtx.com , is a technology development company involved
in alternative energy systems with facilities in Los Alamos, Albuquerque and New
York City.
The foregoing
press release contains forward-looking statements (including expectation of future
events), which are subject to risks and uncertainties that may be beyond the company's
control. Actual results could differ materially for many reasons including, but
not limited to, completion of R&D and successful commercialization of products/services,
patent completion and prosecution and defense against well-capitalized competitors.
These are serious risks and there is no assurance that our forward-looking statements
will occur or prove to be accurate.
Executive
Contacts:
Marvin
Maslow, CEO, Manhattan Scientifics (917) 923-3300.
Email:maslow@ix.netcom.com
Jack Harrod
Chief Operating
Officer
Manhattan Scientifics, Inc.
214.675.8033
Email:harrod@airmail.net
Investor Relations Contact:
Frank Hawkins, (Hawk Associates) (305) 852-2383
Email: Info@hawkassociates.com