Power Technologies, Inc. Signs Global License and Creates Advanced Battery Development Co. With B.C. Research

    LAS VEGAS--April 22, 2003--Power Technologies, Inc. (OTCBB:PWTC) in conjunction with B.C. Research, Inc. (www.bcresearch.com) is pleased to announce a master license agreement with NXCELL Batteries, Inc. (www.nxcell.com) an Advanced Battery Technology Co.
    Under the terms of the master license agreement, Power Technologies will hold a 65% ownership of this privately held business with B.C. Research maintaining a 35% ownership. In addition, Power Technologies will receive the first $2 million USD from any sub-license granted by NXCELL and will also receive 50% of all royalties and fees occurring from NXCELL sub-licenses.
    Power Technologies shall hold a direct interest in any future joint ventures entered into as a result of the master license agreement equal to that of NXCELL. NXCELL shall pay to Power Technologies a fee of $120,000 per year for three years, subject to certain conditions.
    With respect to the Power Technologies master licensee agreement, NXCELL Batteries, Inc. has a strong commercialization strategy with clear focus on emerging markets, including hybrid and automotive applications of the near future, where NXCELL could become a dominant player.
    Power Technologies and NXCELL will aim to forge a world-class company and development team with access to international companies who use and distribute batteries. By focusing on near-term opportunities for hybrid-/electrics and mini-hybrid (42 volt), electric hybrid vehicle applications, marine, aerospace, and industrial sectors, management's goal is to create a company with tremendous potential in the near future. The short-term priorities of NXCELL include:

--	The development and commercialization of this advanced performance battery.
--	To finance the company from private placements, government incentive programs, and strategic partnerships.

    The following are notable highlights of NXCELL/Power Technology's advanced performance battery:

    -- 85% increase in energy over present lead-acid technology.

    -- Significant weight reduction (50%).

    -- Faster and shorter charge.

    -- Economical manufacturing process.

    This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions. No assurance can be given that these are all the factors that could cause actual results to vary materially from the forward-looking statement. Risks and uncertainties of the Company will be detailed from time-to-time in the Company's periodic reports to be filed with the Securities and Exchange Commission.