Power Technology Inc. Receives Funding

Power Technology Inc. of Houston, Texas, has obtained additional funding to enable it to purchase machinery and equipment required for the manufacture of its patent-pending battery technology.

CEO Bernard J. Walter said, “Cornell Capital Partners, LP has agreed to provide us with an additional $1.1 million of funding, which will enable us to purchase machinery and equipment necessary to build our pilot plant to manufacture our unique patent-pending current collectors for our batteries and to bring our batteries to market.”

Power Technology, Inc. is a research and development company engaged in activities regarding alternative battery technology using patent-pending, ultra-light materials with up to 50% less weight and significantly less lead content than conventional batteries. The company is in the early stages of commercializing the technology and has designed its manufacturing equipment and systems.

For more information, call (713) 621-4310.