AccelRate Power Systems Inc.

AccelRate Power Systems Inc.

January 05, 2005 12:38 ET

AccelRate/Hawker Agreement Results in Changes to Corporate Affiliations


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ACCELRATE POWER SYSTEMS INC.

TSX VENTURE SYMBOL: APS
FRANKFURT SYMBOL: KCG

JANUARY 5, 2005 - 12:38 ET

AccelRate/Hawker Agreement Results in Changes to
Corporate Affiliations

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 5, 2005) - Reimar Koch,
President and CEO of AccelRate Power Systems Inc. (TSX VENTURE:APS)(FWB:KCG), today announced changes to existing corporate
agreements as a result of its recently signed letter of intent with
Hawker Powersource Inc. Under the letter, Hawker, an EnerSys Inc.
company, would have exclusive North American rights for a five-year
period to manufacture and market industrial battery chargers
incorporating the unique AccelRate technology.

Hawker also will manufacture a private label brand to be sold by
AccelRate directly, or through its distributors, into the multi-million
dollar North American after-market industrial battery charging industry.

"As a result of the proposed exclusive agreement with Hawker," said
Koch, "our previous affiliations with Ferro Magnetics Corporation of St.
Louis, Missouri, and Power Designers LLC of Madison, Wisconsin, have
been discontinued.

"This arrangement with Hawker," Koch continued, "is an extremely
positive step for all concerned. The Hawker brand-name of industrial
batteries is the world's largest, and the unique AccelRate technology
charges batteries up to 80 percent faster than conventional chargers,
leading to significant savings in time, cost, space, and energy, while
extending battery life. EnerSys, meanwhile, operates 19 manufacturing
facilities worldwide and serves customers in more than 100 countries."

AccelRate shares are traded on the TSX Venture Exchange under the symbol
APS and on Germany's DAX Exchange under the symbol KCG.

ACCELRATE POWER SYSTEMS INC.

Reimar Koch, President and CEO

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    AccelRate Power Systems Inc.
    Ray D. Torresan
    (604) 688-8656
    (604) 688-8654 (FAX)
    or
    AccelRate Power Systems Inc.
    Reimar Koch
    (604) 688-8656
    (604) 688-8654 (FAX)
    Email: info@accelrate.com
    Website: www.accelrate.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.