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Home > Press > Manhattan Scientifics Acquires Metallicum, Inc.

Abstract:
Advanced Metals Technologies from Los Alamos National Laboratory Aluminum as Strong as Steel

Manhattan Scientifics Acquires Metallicum, Inc.

LOS ALAMOS, NM | Posted on July 2nd, 2008

Manhattan Scientifics (Pink Sheets: MHTX) announced today that it has acquired Metallicum, Inc. and
its licensed patented technology. The announcement came from MHTX's affiliate
Albuquerque factory, where New Mexico Senator Jeff Bingaman said, "I believe
the merger of Manhattan Scientifics with Metallicum will have a very positive
effect on New Mexico and the country. The lightweight nano metals the company
will produce will have the potential to revolutionize a whole range of
industries, from transportation to health care. This merger is another great
example of how our national laboratories can partner with the private sector
and create vital jobs while meeting some of our nation's most pressing needs."

The transaction includes all of Metallicum's licensed intellectual
property related to the design and high-volume nano-fabrication of
nano-structuring metals for medical components as well as for transportation
applications. The Company intends to establish manufacturing partner
relationships with major Fortune 500 metals companies. "Our business plan
includes strategic partnering with significant customers in the medical device
& prosthetics industries as well as in auto, truck, & aircraft manufacturing
industries," said Marvin Maslow, founder & chairman emeritus of Manhattan
Scientifics. "We are working towards regaining our full-reporting SEC status
and trading on the OTC board."

Company CEO Manny Tsoupanarias commented, "With the acquisition of
Metallicum, Manhattan Scientifics is re-inventing itself as a 'green company.'
This move is intended to enable us to accomplish our goal of profitability for
our shareholders."

The Metallicum division will produce and license the super strong metals
using nano-technology developed by scientists at Los Alamos National
Laboratory in conjunction with their colleagues in Russia. "The advantages are
easy to understand because a stronger metal means using less material for the
same purpose. Less material translates to lighter weight and reduced
environmental impact. For example, a lighter weight car uses less gas," said
Terry Lowe, Ph.D., co-inventor of the nano-structured metals process,
president and chief scientist of the Metallicum division. Lowe continued, "A
lightweight industrial metal, like aluminum, can be manufactured to have the
strength of steel. The 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 American public
will be significant as will the number of jobs created for Americans,
particularly in New Mexico."

Dr. Lowe added, "A big airplane like a B747 has about 100,000 pounds of
titanium in its construction. We believe our nano metals could reduce that
weight by about 5% or 5,000 pounds."(1)

The nanostructured metals have wide implications for use in the medical
device and prosthetics industries including dental implants, replacements for
hips, shoulders, knees and cardio vascular stents. Clinical studies have
already shown that bone integrates with these new metals up to 20 times
faster. This means faster healing after surgery and ultimately longer
lifetimes for nano-structured metals implants. Maslow added, "People are
living longer and we need new parts. The biological acceptance of Nano
Titanium by the human body is stunning."

Donald J. Sandstrom, a member of the MHTX science team and former senior
leader of Materials Science and Technology Division at the Los Alamos
Laboratory added, "New technologies are the life blood of the American
society. During the most recent decades the technological achievements in
electronics, beginning with the transistor, and the computer have all been
driven by some new material, or understanding of materials behavior that has
allowed these advances to be made. We are now poised on the edge of another
exceptional materials breakthrough. Nanomaterials promise to lead the way in
the improvement in structural materials, materials for wear resistance, and
most recently, biomaterials and nano-structured titanium will lead the way!"

The nano-structuring process was developed through a U.S. Department of
Energy program that brings together its national laboratories, U.S. companies,
and FSU institutes to redirect the efforts of scientists who formerly worked
on nuclear weapons and related military technologies.

####

About Manhattan Scientifics, Inc.
Manhattan Scientifics, Inc., 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.

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.

(1) In a New York Times article dated June 6, 2008, "To Save Fuel,
Airlines Find no Speck Too Small," Tim McGraw, Northwest's director
of corporate environmental and safety programs said, "every 25 pounds
we remove, we save $440,000," when questioned on weight related jet
fuel costs and savings.

Please see New York Times article link:
www.nytimes.com/2008/06/11/business/11air.html?ex=1213761600&en=b701d49361c4fac2&ei=5070&emc=eta1

For more information, please click here

Copyright © PR Newswire Association LLC.

If you have a comment, please Contact us.

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