Power Technology to Explore Strategic Alternatives for Company, Subsidiary and Patents Thursday May 3, 7:47 am ET
AUSTIN, Texas, May 3 /PRNewswire-FirstCall/ -- Alternative energy company Power Technology (OTC Bulleting Board: PWTC) announced today that the company's board of directors has voted to explore potential strategic alternatives for the company aimed at maximizing shareholder value. These alternatives may include possible merger candidates, sale of the company's subsidiary operations, or the sale or strategic partnership with others of the company's patented technology. ADVERTISEMENT
The company said that it has recently received inquiries from potential strategic partners regarding parts of the company's business, and the board is committed to exploring all alternatives to maximize shareholder value.
About Power Technology - Power Technology, Inc. (OTC Bulletin Board: PWTC - News) 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.
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