PowerSafe Technology Announces Award of US Patent Titled High-Sensitivity, High-Resolution Detector Devices and Arrays

PARAMUS, NJ--(Marketwired - Mar 2, 2011) - PowerSafe Technology Corporation (PINKSHEETS: PSFT) announced today that its wholly owned subsidiary Amplification Technologies Inc. (ATI) (www.ampti.net) has been awarded US Patent # 7,899,339 titled "High-sensitivity high-resolution detector devices and arrays."

"We are very pleased with the award of this patent," said Mikhail Leibov, CEO of ATI. "It further deepens the patent protection around our breakthrough technology. We are actively working to further deepen our patent portfolio during 2011, and are proud of our highly talented team which continues to generate very innovative intellectual property."

About PowerSafe Technology Corp. (PINKSHEETS: PSFT)
PowerSafe Technology Inc. (www.psftotc.com) seeks to transform the field of low-level signal detection. The company's patented platform semiconductor technology has the potential to offer unparalleled and far-reaching benefits to industries such as medical diagnostics, remote sensing, aerospace, scientific instrumentation and homeland security. The technology has been successfully used to develop extremely sensitive detectors of low levels of light and the company believes its detectors will be used in many existing applications as well as open up new markets. The technology is also patented to encompass detection of signals other than light, and could in principle be used to create highly sensitive biological, radiological, electrical, and chemical sensors.

Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of PowerSafe. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties inherent herein and in PowerSafe's SEC filings. Such risks and uncertainties could cause actual results to differ materially from those indicated in the forward-looking statements.