| NEW YORK,
NY -- Medis Technologies Ltd. (NASDAQ: MDTL) announced today that its 24/7
Power Pack has completed Underwriters Laboratories (UL) certification and
is listed under UL number IRGU.MH45617. Medis' wholly owned subsidiary
More Energy Ltd. has been advised by UL that it has satisfied the final
step for UL certification -- the Initial Production Inspection (IPI) for
its production line in Israel and has the right to apply the UL mark on
the Power Packs produced on that line, which it is now doing.
"The completion of UL certification
of the 24/7 Power Pack is a remarkable achievement," said Robert K. Lifton,
Chairman and CEO of Medis Technologies Ltd. "Congratulations to the More
Energy team led by our Chief Technology Officer, Gennadi Finkelshtain for
inventing an entirely novel approach to fuel cell technology, developing
the 24/7 Power Pack using unique solutions and producing the Power Pack
product that meets these high UL standards. This marks the completion of
the Power Pack development phase, and we turn our full focus to product
sales and high volume manufacturing."
Medis Technologies' primary focus
is on direct liquid fuel cell technology. Its business strategy is to sell
its products to end users through retail outlets, service providers and
to the military and other markets. Medis has also developed the CellScan
with many potential applications relating to disease diagnostics and chemo
sensitivity. Additionally, Medis' product pipeline includes other technologies,
in varying stages of development.

|