POWER TECHNOLOGY, INC. October 2005 Prototype

	12 Volt, U1 size, 30 amp hour, AGM battery. Size: 7.5 inch length x 5 inch width x 6 inch height Weight: 9.5 Kg
	Mr. Yoshihiro Yamanashi of Tokyo, Japan inspects U-1 prototype battery in Power Technology, Inc. Lab in Vancouver, B.C. October 15, 2005

For several months Power Technology, Inc. (“PWTC”) has been discussing with a major multi-national Corporation, the potential use of PWTC batteries by the Corporation in the products it sells and manufactures, including hybrid vehicles. The Corporation has more than 150 subsidiaries and affiliates that undertake a broad range of businesses, including manufacturing, processing, retail, and services at a global level. PWTC announced its intention to deliver a prototype battery by November 1, 2005, for complete evaluation and testing.

During the week of October 17, 2005, PWTC President, Bernard J. Walter and PWTC Chief Technology Officer, Joey Jung met at the corporate headquarters with the General Manager, Corporate Communications Office, Corporate Planning Office, and the Group Leader for the Automotive Parts & Material Department of the Corporation. The parties discussed the Corporation’s battery needs and requirements, possible licensing and manufacturing transactions, and a mutual non disclosure agreement to protect each party’s proprietary and confidential information. PWTC and the Corporation have been negotiating the terms of the mutual non-disclosure agreement and after it is finalized and executed, Power Technology anticipates being able to identify the Corporation and PWTC intends to deliver to the Corporation a prototype battery for evaluation and testing.

The foregoing 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.