Medis Technologies Ltd. (MDTL)

Medis Technologies Ltd., through its subsidiaries, designs, develops, and markets liquid fuel cells for commercial and military power solutions. The company offers 24/7 Power Pack, a disposable power source capable of providing direct power or multiple recharges to portable electronic devices, such as mobile handsets, smart phones, MP3 players, gaming, and other handheld electronic devices. It also provides Xtreme Power Pack Emergency Kit, which can be used as an instant power source for charging the users cell phone and power an included 14-LED flashlight, as well as to power portable radios and other electronic devices. In addition, the company offers Cell Carrier under the CKChip product line, which accommodates large quantities of cells for measuring reactions of living cells, while the cells are in a static state for a period of time. It operates primarily in Europe, Israel, and the United States. The company was founded in 1992 and is based in New York, New York.

For the six months ended 30 June 2006, Medis Technologies Ltd. reported no revenue. Net loss totaled $19.6M, up from $8.7M. Revenues reflect that the Company is still in the development stage. Higher loss reflects an increase in research & development costs due to increased costs from Fuel Cell Technologies & CellScan, higher selling, general & administrative expenses and increased interest expenses.