Power Technology Inc. (Houston, TX), a research and development company engaged in alternative battery technology, announced that the company plans to manufacture prototype batteries of its patented, ultra-light technology for industry evaluation.
Power Technology CEO Bernard Walter stated, "Our recent completed agreement for $5.5 million in new capital will fund the manufacture of our prototype patented batteries. These batteries are anticipated to be up to 66% lighter and contain 90% less lead than conventional batteries. Additionally, company research shows our batteries should also have superior recharge rates and lifetimes. Providing these batteries for industry evaluation will allow us to refine our sales strategy and manufacturing plans for full commercialization of our unique battery technology."
