AccelRate Power Systems Inc.

AccelRate Power Systems Inc.

May 12, 2006 09:30 ET

AccelRate Distributor Places Restocking Order

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 12, 2006) - AccelRate Power Systems (TSX VENTURE:APS)(FWB:KCG), the leader in "High-Speed" battery charging technology, has received a re-order from its Canadian distributor, Carney Battery Handling.

This re-order, two times larger than Carney's original stocking order placed in 2005, accentuates the successful sale and placement by Carney of AccelRate chargers with end-use customers and their optimistic outlook for "High-Speed" battery chargers. As one AccelRate charger replaces five conventional battery chargers, customers are quickly recognizing a substantial space and cost savings.

The new order will be filled with AccelRate's recently introduced 600-volt industrial battery charger product line designed specifically for the Canadian industrial fork-lift user for use with batteries ranging from 375 Ah to 1050 Ah. AccelRate chargers offer numerous advantages over the most advanced battery charger technologies. Benefits include the ability to provide a "full" state-of-charge in two hours (five times faster than conventional technology) as well as automatic recognition of voltage, battery capacity, battery chemistry and state-of-charge.

"We are gaining new business from existing distributors and new customers, which is helping us gain momentum in the marketplace," stated Reimar Koch, President and Chief Executive Officer of AccelRate Power Systems. "We look forward to continuing our relationship with Carney Battery Handling and to meeting their customers' demands for "High-Speed" charging, improved battery performance and increased space utilization."

About AccelRate

AccelRate's proprietary charging technology functions effectively with batteries of all conventional chemistries and sizes in industrial, portable, power tool, military and transportation applications. AccelRate's technology provides customers with up to 80% decreased charging time, increased battery lifetime due to improved heat management, and decreased energy use.

AccelRate Power Systems is headquartered in Vancouver, BC. AccelRate's shares trade on the TSX Venture Exchange (symbol APS), and on the Frankfurt Exchange (symbol KCG).


Reimar Koch, President and CEO

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not undertake any duty to update any forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • AccelRate Power Systems Inc.
    Debby Harris
    (604) 688-8656
    AccelRate Power Systems Inc.
    Reimar Koch
    President and CEO
    (604) 688-8656
    (604) 688-8654 (FAX)