Manhattan
Scientifics, Inc. (Pink Sheets:MHTX)
announced today that it successfully completed and entered into an
exclusive license agreement with the Los
Alamos National Laboratory. This new agreement pertains to the
improved manufacturing techniques and medical use applications for Los
Alamos National Laboratory’s nano-structured metals and alloys
technology.
Manhattan Scientifics recently announced FDA approval of its
nano-titanium dental implants. Manhattan Scientifics’ Metallicum
division is planning to manufacture these nano-titanium implants at
Danlin Products, Manhattan Scientific’s affiliated manufacturing partner
in Albuquerque, N.M.
MHTX's nano-structured 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 life for nano-structured
metal implants.
Manhattan Scientifics also began pursuing strategic corporate partners
in the auto, truck, rail and aircraft manufacturing industries. The use
of super stronger metals means less material is required for the same
purpose, translating to lighter weight vehicles 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 general pubic could be significant.
Manhattan Scientifics' acquisition of Metallicum Inc. was an important
step towards formulating its new business model, positioning itself as a
"green" technology development company.
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 in a variety of environmentally friendly
energy and other people-friendly industries.
Copies of Manhattan Scientifics' press releases and related investor
information may also be found at www.hawkassociates.com/profile/mhtx.cfm.
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.
Manhattan Scientifics, Inc.
Manny Tsoupanarias, Chief Executive
Officer, 918-919-0370
mtsoupanarias@manhattan-scientifics.com
or
Dr.
Terry Lowe, Chief Scientist, 505-670-8755
tlowe@metallicum.com
or
Investor
Relations:
Marvin Maslow, Chairman Emeritus, 917-923-3300
marvin@marvinmaslow.com