You can use the Save As command to save RGB,
Indexed Color, Grayscale, and Bitmap mode images in PNG format.
Note: You
can also save an image as one or more PNG files using the Save For
Web & Devices command.
Choose File > Save As, and choose
PNG from the Format menu.
Select an Interlace option:
None
Displays the image in a browser only when download is
complete.
Interlaced
Displays low-resolution versions of the image in a browser
as the file downloads. Interlacing makes download time seem shorter,
but it also increases file size.