Power Technology Develops a Strategic Alliance with Key Capital Group

Power Technology Inc. has formed a strategic alliance with Key Capital Group.

LAS VEGAS, Nevada – May 10, 2002 [Solar] The focus of this joint development program will be to integrate the advanced lead acid technology, developed by Power Technology and the Accelrate(TM) charger technology into one package aimed at the emerging electric bike market. “The synergy created between these two technologies will allow us to develop a unique energy package,” said David McLeod, chairman of Key. “The benefit to the end user will essentially be twice the distance in the same volume and weight and with a two hour full charge time.” “The marriage of these technologies is exactly what the marketplace is looking for,” Lee Balak, President of Power Technology. “Product launch is anticipated within the next twelve months.”