PowerTech Corporation Inc.

PowerTech Corporation Inc.

January 10, 2008 13:38 ET

PowerTech Receives $670,000 in New Orders, Bringing Total Orders to More Than $1.2 Million for the Current Fiscal Year

The Company has made significant progress in all of its markets

TERREBONNE, QUEBEC--(Marketwire - Jan. 10, 2008) - Mr. Carol Murray, President and Chief Executive Officer of PowerTech Corporation Inc. "PowerTech" (TSX VENTURE:PWB), is pleased to announce that the Company has received new orders totalling $670,000 for its PicBucket products. This brings the total value of its orders, since the beginning of its new fiscal year that began October 1, 2007, to more than $1.2 million.

"Our new year is off to a very solid start, which should enable PowerTech to gain decisive momentum in its commercial development. I am especially satisfied to see that our sales have grown significantly in our various market segments, such as our agreements with OEMs (Original Equipment Manufacturers), distributors and rental equipment centres. Our commercialization strategy, which targets all promising markets related to construction and excavation work, is now beginning to truly fulfill its promise," said Mr. Murray.

Notably, PowerTech recently obtained new orders from its OEM partner, NPK Construction Equipment for the PicBucket 2000 Series. In the coming quarters, NPK will also gradually begin marketing, under its private brand in the United States, the other multifunctional percussion buckets developed by PowerTech. Furthermore, in the tool and equipment rental market, Cat Rental and Simplex, the Company's partners in Western Canada and Quebec respectively, have also placed new orders with PowerTech in recent weeks.


In order to meet the challenges of its business growth, PowerTech has just made appointments that should enable the Company to improve its operational efficiency, to better meet the needs of its clients and strengthen its management team. Mr. Robert Duhamel has been appointed to the position of Vice-President, Global Supply Chain and Mr. Pierre Gagnon has been appointed to the position of Chief Technology Officer.

"These appointments permit PowerTech to our new operational and commercial realities and to effectively pursue our product development program. It became imperative that we needed two seasoned executives to separately manage our supply chain and technological development departments. I am very pleased that Robert and Pierre have accepted these new challenges with energy and enthusiasm," said Mr. Murray.

About PowerTech (www.powertechci.com)

PowerTech is the only company in the world that manufactures and commercializes percussion technology with interchangeable tools and accessories for the construction, demolition, aluminum, mining, tunnelling, forestry and military industries. PowerTech's percussion technology, marketed under the PicBucket and PicHammer names, is a technological breakthrough that combines the power of a hydraulic hammer with the stripping force and manoeuvrability of a conventional bucket.

PowerTech is positioning itself as a leader in the development, integration and commercialization of leading edge technologies that allow for substantial improvements in excavation and demolition equipment performance, productivity and functionality.

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

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