There's already a "mozpng", it's called Zopfli. There's also AdvPNG which compresses PNGs with 7-zip's deflate implementation.
And if you want much much smaller PNGs, then try http://pngquant.org or http://pngmini.com/lossypng.html
And if you want much much smaller PNGs, then try http://pngquant.org or http://pngmini.com/lossypng.html