Power Technology Receives Funding for Production of New Batteries

POWER TECHNOLOGY, INC.

                                                         109 North Post Oak Lane

                                                                 Suite 422

                                                           Houston, Texas 77024

                                                                713-621-4310

                                                            www.PWTCBATTERY.com

                                                                EXHIBIT 10.9

Power Technology Receives Funding for Production of New Batteries

HOUSTON, TEXAS - Power Technology Inc. (OTCBB: PWTC) announced today that it had

obtained   additional   funding to enable it to purchase   machinery   and equipment

required for the   manufacture   of its patent   pending   battery   technology.   CEO

Bernard J. Walter stated "Cornell Capital Partners,   LP has agreed to provide us

with an   additional   $1.1   million of funding   which will   enable us to purchase

machinery and equipment   necessary to build our pilot plant to   manufacture   our

unique   patent   pending   current   collectors   for our batteries and to bring our

batteries to market."

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