Charlestowne Premium Beverages Inc (FPWM)

1st Prestige Wealth Management, formerly Power Technology Inc, was incorporated on June 3, 1996 in Nevada. The Company is engaged in the research and development of technology for deep cycle batteries. It also manufactures preliminary prototype batteries, as well as designs and assembles automatic battery backup power systems for commercial office space and residential new builder markets. Its primary business has been to develop improved technology for batteries to be used in electric vehicles, hybrid powered vehicles, solar power systems, electric motorcycles, electric bicycles, electric wheelchairs, electric power management, uninterruptible power supply systems, automobiles, aircraft, marine and submarine craft. The Company manufactured preliminary prototype batteries, original, full-scale, working models of new product, using methods that would not be practical for economically manufacturing batteries on a commercial scale. The Company designed and partially constructed a pilot plant capable of manufacturing collectors in commercial quantities for use in lead acid batteries. It is in the process of establishing a pilot plant facility in Richmond, British Columbia, Canada. The Company's subsidiaries include PowerTek Technology Corporation, Inc. and Sentry Power Systems, LLC. The Company faces competition from Exide, Delphi, A.C. Delco, Johnson Controls, Inc., East Penn Manufacturing Co., Inc GNB, Electrosource, Inc., Energy Conversion Devices, Inc., Hawker and Yuasa.