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Medis Technologies Announces March 16th Demonstration of Fuel Cell Power Pack Products


WEBWIRE

NEW YORK, NY -- Feb. 7, 2005 -- Medis Technologies Ltd. (NASDAQ:MDTL) announced today that the demonstration of its operational fuel cell Power Pack products scheduled for March 16, 2005 will be held in New York City at the Marriott Marquis Hotel at 1535 Broadway (44th street and Broadway) at 4:30 PM EST. It is expected to end around 6:30 PM EST.

The program for the meeting includes a presentation by Robert K. Lifton, Chairman and CEO of Medis Technologies, together with Jacob Weiss, Senior Vice President - Business Development and Michelle Rush, Vice President - Marketing, of Medis Technologies’ plans for marketing and production of the Power Pack products. There will be a technical presentation of fully operational Power Pack products by Gennadi Finkelshtain, Chief Technical Officer of Medis Technologies.

The technical presentation will include the following demonstrations of fully operational Power Pack products:

1. Fully operational Power Packs delivering 1 to 1.3 watts and up to five volts charging the batteries of cell phones, MP3s, digital cameras and video games. The Power Pack will start a device even when the battery is completely drained and will enable it to operate continuously. To demonstrate the power management capabilities of the Power Packs, a single Power Pack will charge the batteries of different devices. These Power Packs will operate in every orientation and throw off no discernable heat.

2. Fully operational Power Packs delivering 5 watts and up to 5 volts charging the batteries of ruggedized PDA’s developed by General Dynamics’ C4 Systems for military markets. These Power Packs also use a refueling cartridge. Medis Technologies has delivered sixteen of these Power Pack units to General Dynamics C 4 Systems who plan to begin testing them for meeting military specifications in March to April 2005. The Power Packs will also operate in every orientation and throw off no discernable heat.

3. Mr. Finkelshtain will discuss how the Power Packs being demonstrated reflect the use of pre-mass production tooling that can be scaled up for mass production tooling. The component parts of the Power Packs will be shown and how the component parts are assembled to make a Power Pack.

4. Professor Lilia Ziamou of the Zicklin School of Business, Baruch College will discuss the results of a recent survey relating to consumer attitudes about limited battery life, power frustration and a power source like the Medis Power Pack. Her research interests are in the areas of high-technology marketing and consumer decision-making. She has presented her studies to leading international companies such as AT&T, GTE, Intel and Unilever and her research has appeared in numerous prestigious journals.

“We are very excited about this opportunity to show how far advanced our Power Pack products and our marketing and production programs are to our shareholders, the investment community, members of the media and other interested parties, who are all invited to attend,” said Mr. Lifton, "This demonstration is a very important milestone in Medis Technologies’ drive to full commercialization of our fuel cell Power Pack products. It is the same demonstration that our team is making throughout the months of March and April to mobile operators and OEMs in the United States, England, France and Germany. Together with our distributors - Kensington /ACCO, Superior and ASE, we plan the same demonstrations for customers they service.

To encourage attendees to be on time, the first five hundred guests will each receive a colorful, complimentary cap showing the Medis Technologies name and logo on the front with the words Medis Power Pack -- The socket in your pocket(tm) -- on the back of the cap. We look forward to seeing all of you at the conference"

The meeting will be webcast, which can be accessed at www.medistechnologies.com.

Medis Technologies is involved in the development of highly advanced proprietary technology products primarily related to sources of clean energy for the 21st Century. Medis’ primary focus is on direct liquid fuel cell technology. Its business strategy is to license or sell its technologies to, or enter into joint ventures with, large international corporations or sell its products to end users through retail outlets and service providers. In addition to its fuel cell technology, Medis’ product pipeline, in varying stages of development, includes inherently conductive polymers, the toroidal engine and compressor and stirling cycle system. Medis has also developed the CellScan with many potential applications relating to disease diagnostics and chemo sensitivity.

This press release 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.

This press release is available on Medis’ web site at www.medistechnologies.com.



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