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Power Technology CEO Announces Plan to Retire

Posted on: Monday, 17 September 2007, 09:00 CDT

AUSTIN, Texas, Sept. 17 /PRNewswire-FirstCall/ -- Alternative energy company Power Technology (BULLETIN BOARD: PWTC) announced today that the company's CEO, Bernard J. Walter, has announced his intention to retire as CEO when a new successor is found. The Board of Directors will begin an immediate search for a new CEO on behalf of Power Technology.

Bernard J. Walter commented, "During my three years as CEO we have successfully obtained and defended our patents, built a prototype facility to manufacture our unique technology, and now need to take the company's technology to the market. A new CEO with the experience and resources to accomplish this will be a welcome addition to Power Technology, and I look forward to assisting the company in finding my replacement."

About Power Technology - Power Technology, Inc. (BULLETIN BOARD: PWTC) is an alternative energy Research and Development Company engaged in activities regarding alternative battery technology using patented ultra light materials with up to 50% less weight and significantly less lead content than conventional batteries. The Company is commercializing its battery technology and has built equipment and systems to manufacture its proprietary electrodes for its patented batteries. Please visit our website at http://www.pwtcbattery.com/ for more information.

All statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations that are disclosed in this Press Release. While Power Technology, Inc. believes its forecasting assumptions are reasonable, there are factors that are hard to predict and influenced by economic and other conditions that are beyond Power Technology, Inc.'s control. Among the other important factors which could cause actual results to differ materially from those in the forward-looking statements are detailed in Power Technology, Inc.'s filings with the Securities and Exchange Commission.

Power Technology, Inc.

CONTACT: Bernard J. Walter, Jr. of Power Technology, Inc.,+1-512-288-8528, bwalter@pwtcbattery.com

Web site: http://www.pwtcbattery.com/

Source: PRNewswire-FirstCall

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