Airplanes and Cars Go On a
Nanotechnology Diet
Manhattan Scientifics (Pink Sheets:MHTX) announced today that
immediately after its recent acquisition of Metallicum Inc., the company
began manufacturing and seeking licensing partners for NanoTitanium, its
proprietary new form of nanostructured metal developed by scientists at
Los Alamos National Laboratory in conjunction with colleagues in Russia.
The company also began pursuing strategic corporate partners in the
auto, truck, rail, aircraft manufacturing and medical industries.
Manhattan Scientifics’ acquisition of
Metallicum Inc. was an important step towards formulating its new
business plan, positioning itself as a “green”
technology development company. On July 2, 2008 U.S. Senator Jeff
Bingaman led a news conference describing Manhattan Scientifics’
positive potential impact on New Mexico and the U.S.
The use of super stronger metals means less material is required for the
same purpose, translating to lighter weight and reduced environmental
impact. The proprietary technology is expected to trim thousands of
pounds from airplanes and hundreds of pounds from cars without
sacrificing structural strength or adding significant cost. The fuel
savings to the American public could be significant. A New York Times
article on June 11 titled To
Save Fuel, Airlines Find No Speck Too Small further
details how airlines are scrutinizing every step of their operations,
searching for new ways to cut fuel bills.
The company’s nanostructured metals also have
wide implications for use in the medical device and prosthetics
industries including cardiovascular stents, dental implants, and
replacements for hips, shoulders and knees. Clinical studies have shown
that bone integrates with these new metals up to 20 times faster than
with conventional metals. This means faster healing after surgery and
ultimately longer lifetime for nanostructured metal implants.
Recently, Manhattan Scientifics recruited new management, raised $1.75
million of capital, purchased and cancelled 43 million of its own
shares, and dedicated itself to growth by acquisition.
About Manhattan Scientifics
Manhattan Scientifics, Inc., http://www.mhtx.com/,
is located in New Mexico, New York, and Montreal. It is developing and
plans to acquire technologies that are environmentally and people
friendly. Copies of Manhattan Scientifics' press releases and related
investor information may also be found at http://www.hawkassociates.com/.
This press release contains forward-looking statements. Such
forward-looking statements are subject to a number of risks, assumptions
and uncertainties that could cause the Company's actual results to
differ materially from those projected in such forward-looking
statements. Forward-looking statements speak only as of the date made
and are not guarantees of future performance. We undertake no obligation
to publicly update or revise any forward-looking statements.
Los Alamos National Labs
Kevin Roark, 505-665-9202
knroark@lanl.go
or
Manhattan
Scientifics, Inc.
Manny Tsoupanarias, CEO, 514-917-2879
mtsoupanarias@manhattan-scientifics.com
or
For
Dr. Terry Lowe at Metallicum, 505-670-8755
tlowe@metallicum.com
or
Investor
Relations
MHTX
Chairman Emeritus Marvin Maslow, 917-923-3300
maslow@ix.netcom.com
