Battery Technologies Inc. Signs Distribution Agreement For Norway.

Business Editors

TORONTO--(BUSINESS WIRE)--June 4, 2002

Battery Technologies Inc. (OTC BB:BTIOF)(TSE:BTI) announced today that its subsidiary, Battery Technologies Sweden ("BTS") (formerly Dema Group) of Oskarshamn, Sweden has signed a Letter of Intent with Target United AS of Fredrikstad, Norway for an exclusive sales and distribution agreement. One of Norway's leading importers and distributor of home electronic products, the privately held Target (www.target.as) is part of the United Consumer Electronics, a buying group consisting of eight independent companies distributing products throughout much of Europe. Established in 1983, Target has distribution agreements with the largest wholesalers in Norway. This distribution agreement is mutually exclusive such that Target becomes the exclusive distributor of BTS Toshiba and Demacell(TM) branded products for Norway.

Mr. J. Bruce Pope, President and CEO of BTI said: "We're very pleased to have entered into this arrangement with Target and expect to complete the formal sign-off of a Distribution Agreement as quickly as possible, so market development for Toshiba and Demacell(TM) RAM(TM) battery products in Norway can get underway.

Mr. Pope commented that "This agreement is part of our strategic business plan focussed on expansion and growth of our network and we expect to form other strategic alliances, such as the one with Target, in other important markets in Europe. We are convinced that our business model centred around tapping into additional markets in this highly developed market for rechargeable products is the right one. In order to increase visibility for BTI, its partners and the RAM(TM) Technology and to allow European retail and institutional parties to invest in our business building activities, we have commissioned a research report on BTI for the investment community and have made application to list the common shares of BTI on the Frankfurt Stock Exchange."

BTI acquired the Dema Group in May, 2001. Now operating as Battery Technologies Sweden, the business consists of Dema AB, the exclusive distributor of Toshiba batteries in Scandinavia, the Demacell(TM) brand of RAM batteries (www.demacell.com) distributed throughout Scandinavia and some parts of Europe, and the Demacell line of "Smartlights(TM), an energy saving and environmentally friendly line of lightbulbs.

BTI is the inventor, developer and owner of the unique, patented rechargeable alkaline manganese (RAM(TM)) battery technology on which it holds 43 patents related to chemistry, product design and manufacturing processes. BTI is engaged in the worldwide commercialization of the RAM(TM) technology and other portable energy products through its licensees and the Dema Group, a wholly owned subsidiary based in Scandinavia, engaged in the sales, marketing and distribution of battery and energy related products to European markets.

RAM(TM) is a registered trademark of Battery Technologies Inc., Richmond Hill, Ontario, Canada. All other brands, product names, company names or trademarks are the property of their respective owners.