Los Alamos, NM January 10, 2002 - Manhattan Scientifics, Inc. (MHTX) announced today that it has been issued a new patent covering the use and manufacturing of its MicroFuel Cell™ power devices (No. 6,326,097) for portable electronics. The patent issue coincides with the announcement by Department of Energy Secretary Spencer Abraham that detailed a new public and private partnership with the nation's auto manufacturers to promote the development of hydrogen as a primary fuel for cars and trucks.
The Manhattan Scientifics' patent will facilitate the integration of the MicroFuel Cell™ into a variety of consumer and industrial applications that include a portable and wearable charger for cellular phones, laptop computers, camcorders and power tools. This will allow greater performance, workability and convenience to users of these devices. The patent presents and discusses specific features of the configurations. The patent also covers processes used to manufacture the MicroFuel Cell devices.
Marvin Maslow, CEO of Manhattan Scientifics, said, "For over four years we have been a pioneer in identifying alternative sources of energy with an emphasis on small- to mid-range fuel cells. We have developed technology that has the potential and capacity to redefine consumer products in the years ahead. We are certainly encouraged by the administration's effort to lessen our dependence on foreign oil. This new patent provides Manhattan Scientifics with a competitive advantage, preserves our intellectual property and moves the MicroFuel Cell™ another step closer to commercialization."
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.