MEDIS IN THE NEWS
April 13th, 2007
Medis
Technologies Begins Commercial Sales of Its Fuel Cell 24/7 Power Pack
NEW YORK, NY - APRIL 13, 2007 - MEDIS TECHNOLOGIES LTD. (NASDAQ:MDTL)
announced that it has begun commercial sales of its 24/7 fuel cell Power
Packs to Microsoft. The first shipment of Microsoft branded 24/7 Power
Packs were made today.
“This is an historic moment for our company,” said Robert
K. Lifton, Chairman and CEO of Medis Technologies. “It marks the
first commercial sales of our 24/7 Power Pack product and indeed, the
first commercial sales in quantities of any consumer fuel cell product.
We are pleased to be able to serve Microsoft as our first customer.”
These first Power Packs were produced on Medis’ semi-automated
line. Our fully automated line which was built by Ismeca, in Switzerland,
is in the process of being dismantled and shipped to Ireland where it
will be managed by Celestica. A video showing operation of the line
is available on our web site at www.medistechnologies.com.
Medis Technologies’ primary focus is on direct liquid fuel cell
technology. Its business strategy is to sell its products to end users
through retail outlets, service providers and to the military and other
markets. Medis has also developed the CellScan with many potential applications
relating to disease diagnostics and chemo sensitivity. Additionally,
Medis’ product pipeline includes other technologies, in varying
stages of development.
This press release
may contain forward-looking statements, which are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. In some cases you can identify those so-called “forward-looking
statements” by words such as “may,” “will,”
“should,” “expects,” “plans,” “targets,”
“believes,” “anticipates,” “estimates,”
“predicts,” “potential,” or “continue”
or the negative of those words and other comparable words. These forward-looking
statements are subject to risks and uncertainties, product tests, commercialization
risks, availability of financing and results of financing efforts that
could cause actual results to differ materially from historical results
or those anticipated. Further information regarding these and other
risks is described from time to time in the Company's filings with the
SEC. We assume no obligation to update or alter our forward-looking
statements made in this release or in any periodic report filed by us
under the Securities Exchange Act of 1934 or any other document, whether
as a result of new information, future events or otherwise, except as
otherwise required by applicable federal securities laws. |