Medis Technologies Launches New Web Site

Company developing Direct Liquid Methanol fuel cell.

Published: 11-Dec-2000

NEW YORK, Dec. 11 /PRNewswire/ -- Medis Technologies Ltd. (Nasdaq: MDTL) today launched a new web site located at The updated site profiles the Company's pipeline of proprietary technologies including its Direct Liquid Methanol (DLM) Fuel Cell development, as well as investor information and Company history.

"The new web site reflects the union of Medis Technologies and its wholly owned subsidiary Medis El. Medis Technologies' shareholders and other interested parties can now follow our advances in technology development, particularly involving our DLM fuel cell, as well as business relationships with international companies who are potential customers and joint venture partners" said Robert K. Lifton, CEO of Medis.

Medis Technologies is involved in the development of highly advanced proprietary technology products primarily related to sources of clean energy for the 21st Century. Its business strategy is to license, sell or joint venture with large international corporations. The Company's product pipeline, in varying stages of development, includes DLM fuel cell technology, highly electrically conductive polymers, the toroidal engine and compressor, Stirling cycle linear compressor, reciprocating electrical machines, direct current regulating device and water technologies. The Company has also developed the CellScan with many applications relating to disease detection and cure.

This report may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risk and uncertainties, including, but not limited to, the successful completion of product development, the success of product tests, commercialization risks, availability of financing and results of financing efforts. Further information regarding these and other risks is described from time to time in the Company's filings with the SEC.

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