AccelRate Power Systems Inc.

AccelRate Power Systems Inc.

February 01, 2007 14:27 ET

Accelrate Appoints Additional Distributor in the U.S.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 1, 2007) - AccelRate Power Systems (TSX VENTURE:APS)(FWB:KCG), the technology leader in fast charging, and the sole manufacturer of "High-Speed" battery chargers for the motive power industry, announced today the expansion of its dealer network into the U.S. by the appointment of a new full service stocking distributor, Hyster New England.

With four facilities and more than 260 full time employees, Hyster New England has become today not only the largest company of its kind in New England by a factor of nearly two, but also one of the largest Hyster dealerships in the United States. Hyster New England's motto, "We Deliver Productivity", is perfectly aligned with their introduction of the state-of-the-art AccelRate product line of High-Speed Chargers and accessories.

Hyster New England services materials handling customers in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont, and AccelRate Power Systems is looking forward to a long and mutually beneficial relationship.

About AccelRate:

AccelRate's proprietary charging technology functions effectively with batteries of all conventional chemistries and sizes in industrial 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 Inc. is headquartered in Vancouver, B.C. 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.

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