New York, NY - December 16, 2004 - Manhattan Scientifics, Inc. (MHTX) confirmed today that it has been issued U.S. Patent No. 6,808,834 Koschany -- Fuel Cell Stack With Cooling Fins and Use of Expanded Graphite in Fuel Cells.
Marvin Maslow, CEO of Manhattan Scientifics, said, "As our economy actively begins to enter the fuel cell era, this patent on our NovArs fuel cell is potentially quite valuable for our company and our shareholders. Invented by Dr. Arthur Koschany, the NovArs fuel cell has been successfully demonstrated in a number of prototype pre-commercial situations. Smaller than a brick and weighing less than two pounds, the hydrogen-powered NovArs fuel cell is intended to power a bicycle or a motor scooter for several hundred miles without having to refuel depending on type of use, weight of rider, road conditions and the size of the fuel tank. Manhattan's early prototype vehicles have already demonstrated approximately 100-mile drive ranges."
"We are currently aggressively pursuing our business plan to have the NovArs fuel cell manufactured for use on electric bicycles and scooters in Asia. We have continuing initiatives in a number of other areas. We have raised a modest amount of capital and we are current in all of our SEC filings. We will keep investors apprised of material developments as they occur," Maslow said
Manhattan Scientifics, Inc. (www.mhtx.com) is located in New Mexico, New York and Montreal. It is focused on technology transfer and commercialization of disruptive technologies in the nano medicine space. The company is presently developing commercial medical prosthetics applications for its ultra-fine grain metals and plans to commercialize the cancer research work and nano medical applications developed by Senior Scientific LLC, a unit of the Company.
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements.