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Manhattan Scientifics Unveils Hydrogen-Powered Bicycle At Fuel Cell Conference

13 July 2000

Company Sees Significant Co-Manufacturing Opportunities

    LUCERNE, Switzerland - Manhattan Scientifics, Inc. unveiled a demonstration 
prototype fuel cell powered bicycle at the European Fuel Cell Forum this week 
in Lucerne. The demonstration produced loud applause from attendees as Petra 
Koschany, NovArs General Manager and wife of chief fuel cell scientist, 
Dr. Arthur Koschany, rode the bike around the hall.

    Engineered in the company's Passau, Germany facility, the new Hydrocycle
is a motorized electric bicycle fueled by hydrogen.  It is noiseless,
ecologically clean and completely pollution-free.  The Hydrocycle produces no
emissions other than a small amount of water vapor and can run for about 100
kilometers at speeds up to 30 km per hr.  Representatives from large and small
bicycle and scooter manufacturing companies in Asia, Europe and the United
States have contacted Manhattan Scientifics COO Jack Harrod for more details.

    Harrod said the company intends to enter into partnership relationships as
quickly as possible with manufacturers that will enable them to mass produce
this new product.  Senior management at the company's New York office said the
company is receiving numerous requests for more details from small and large
manufacturers.  The company has filed numerous international patents to
protect the Hydrocycle technology.  Harrod said he was pleased with the
response from potential industrial partners and the enthusiastic reception
from the conference attendees.

    "The NovArs mid-range technology, which ranges from several watts to
several kilowatts, has potential applications for laptop computers and other
portable electronics including cellular phones, PDA's, golf carts, wheel
chairs, cordless power tools, electric kitchen appliances, alarm systems and
remote power stations."  Harrod continued, "We have the know-how, patents and
engineering talent.  Now we need to close with industrial corporate team
partners to begin commercializing our technology."

    Marvin Maslow, Manhattan Scientifics' CEO, said, "The Hydrocycle
technology represents an important breakthrough in clean, affordable personal
transportation and may be capable of dramatically changing transportation
habits of urban populations in Asia, Europe and North America."

    "There has been a lot of talk about how the world will soon enter into the
hydrogen-powered age.  I think we, at Manhattan Scientifics, may be taking the
first affordable and mass-producible steps. Personally, I'd like to see an end
to the pollution choking effect of the two-stroke engine throughout much of
Asia," Maslow said.

    In an earlier statement, the company said, "The Japan Cycle Press
estimates there will be 1 billion electric bikes on the roads by the year
2020, mostly in Asia with smaller niche markets in Europe and the United
States.  In Asian countries such as India, massive amounts of goods are
transported every day by scooters driven by heavily polluting two-cycle
engines.  These societies are literally choking on gas and diesel fumes.
Electric powered bikes and scooters could provide significant improvements for
their environments and consequently their economies."

    Manhattan Scientifics, Inc. is developing and commercializing proprietary
technologies in the advancement of consumer and commercial electronics
including micro and mid-range fuel cell technologies, holographic media for
data storage, Internet-based image management and water filtering
technologies.  Manhattan Scientifics' research headquarters are located in Los
Alamos, NM.  Executive offices are in New York City.  For further information, contact Manhattan
Scientifics CEO Marvin Maslow (212) 752-0505.