Power Technology Files 10-KSB - All SEC Filings Now Current - Battery Commercialization Continues

HOUSTON, May 31, 2005 (PRIMEZONE)

Power Technology, Inc. (OTC BB: PWTCE.OB - News) announced today that the company’s 10K has been filed and expects to have the “E” removed this week. Bernard J. Walter, Chairman and CEO of Power Technology stated: ``Rigorous accounting requirements and confirmations needed from European residents contributed significantly to the delays in filing our annual report. We are happy to report that we are now current in our filings and ready to continue our focus on the commercialization of our battery technologies.”

About Power Technology, Inc.

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

The Company is in the early stages of commercializing its battery technology, and intends to introduce its batteries for sale in 2005.