Time Magazine names Aprilia/Manhattan scientifics fuel cell bike and electric scooter for fun as an inventions of the year
Time Magazine has named a prototype bicycle designed by Aprilia, S.p.A and powered by a fuel cell produced by the Manhattan Scientifics, Inc. (MHTX) NovArs unit in Germany as an Invention of the Year 2001.
Time said, "Fuel-cell technology, which uses pollution free hydrogen gas to generate an electric current, could ignite electric bike sales. The first prototype, from Italian bike maker Aprilia, stores compressed hydrogen in a 2-liter canister housed in the frame. With a top speed of 20 mph, the bike won't win the Tour de France. But it weighs 20% less than regular electrics and travels twice as far, about 43 miles before it needs more gas. Now that's cool." The article estimates the bike will be available in 2003 for approximately $2,300.
Manhattan Scientifics announced late last year that it had entered into an agreement to develop a fuel cell powered concept bicycle with Aprilia, one of Europe's largest manufacturers of motor scooters and motorcycles. The bicycle was shown as part of the Aprilia exhibit at the Bologna Motor Show in December 2000. Last week, Manhattan Scientifics unveiled a prototype scooter powered by a 3,000 watt fuel cell built by NovArs GmbH. This was the company's second fuel cell powered concept vehicle.
Dr. Arthur Koschany, the company's chief mid-range fuel cell scientist and head of the NovArs unit, said, "The Aprilia fuel cell bicycle has a range slightly over 50 miles. The fuel cell itself weighs less than two pounds, operates silently and produces only pure water as a byproduct. The refueling of the hydrogen container can be done in a minute and in large quantities the fuel cell system can be produced inexpensively, meaning that an entry into the Asia market is a very viable possibility."
Jack Harrod, COO of Manhattan Scientifics, said, "We are delighted that Time Magazine has recognized the significance of fuel cell powered personal transportation. Aprilia has done a great job with its prototype. This is a significant next step forward from our original Hydrocycletm, a fuel cell powered concept bicycle. In the meantime, we continue to make important improvements to the mid-sized fuel cell designed by our NovArs unit. Production models of a scooter, utilizing our fuel cell for instance, are expected to cover 120 miles with a single fueling and provide a top speed of at least 35 miles an hour.
The potential market for pollution free, two-wheel vehicles is enormous. There are an estimated 100 million motorized two-wheel vehicles in use world-wide. The greatest concentrations are in the crowded cities of Asia. Worldwide scooter production is estimated to be above 17 million a year and use is expanding globally. Pollution and noise problems in crowded cities in Asia and elsewhere are horrendous. An estimated 10 million noisy, polluting scooters were sold in China in 2000 and an estimated 3 million in India. We believe both our non-polluting fuel cell scooter and bicycle could play important roles in helping to alleviate these conditions."
Manhattan Scientifics, Inc. is a technology development company working in the fields of alternative energy, holographic data storage and computer touch technology. The company's development laboratories are located in Los Alamos and Albuquerque, New Mexico and Passau, Germany. Its executive facility is located in New York City. Copies of Manhattan Scientifics' press releases, current quotes, stock charts and other information for investors may be found on the websites http://www.mhtx.com and http://www.hawkassociates.com.
The foregoing press release contains forward-looking statements, including statements regarding the company's expectation of its future business. These forward-looking statements are based largely on the company's expectations and are subject to a number of risks and uncertainties, certain of which are beyond the company's control. Actual results could differ materially from these forward-looking statements as a result of a variety of factors. These include but are not limited to, successfully completing the research and development with respect to the fuel cells and other technologies, successfully commercializing the fuel cells and holographic storage devices for mass production, successfully protecting the company's patents, and effective significant industry competition from various entities whose capabilities far exceeds the company's. In light of these risks and uncertainties there can be no assurances that the forward-looking statements in this press release will in fact transpire or prove to be accurate.
For more information, see electric scooters
Mark Harris contributes and publishes news editorial to http://www.the-scooters-report.com.
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