Power Technology Begins Manufacturing in New Pilot Plant

HOUSTON--(BUSINESS WIRE)--Aug. 16, 2006--Alternative energy company Power Technology, Inc. (OTCBB:PWTC) announced today that it had begun the manufacturing of its patented current collectors in its new pilot plant. The plant has successfully manufactured reticulated vitreous carbon onto which a custom designed plating system applies a lead tin alloy to create patented current collectors for use in the company's advanced batteries.

Bernard J. Walter, President and CEO of the Company commented, "Power Technology now has demonstrated its ability to manufacture the key component of its product. We are excited about this significant step toward the commercialization of our unique patented battery technology."

About Power Technology: Power Technology, Inc. is a Research and Development Company engaged in activities regarding alternative battery technology using materials with up to 50% less weight and significantly less lead content than conventional batteries.

Please visit our website at www.PWTCBATTERY.com for more information or call the company directly at 713-621-4310.

All forward-looking statements are, by necessity, only estimates of future results and actual results achieved by Power Technology, Inc. (PWTC) may differ materially from these statements due to a number of factors. PWTC assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.