Article: Medis Technologies Completes Second Leg of Fuel Cell Demonstration; Micro Fuel Cells Demonstrated to Asian Markets.

Business and Technology Editors

NEW YORK--(BUSINESS WIRE)--Oct. 23, 2002

Medis Technologies Ltd. (NASDAQ: MDTL) ("Medis") announced today that members of its fuel cell team have completed the Asian leg of a planned two-stage program to demonstrate the performance of its micro fuel cells to major companies in the United States and East Asia.

In Hong Kong, Tokyo, and Osaka, Japan the Medis team met with about eighty representatives of thirty-seven companies involved in the use, manufacture, development, purchase and/or distribution of portable electronic devices. In addition, they met with Japanese government officials and university scientists. ...

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