AccelRate Power Systems Inc.

AccelRate Power Systems Inc.

March 22, 2007 14:25 ET

AccelRate Appoints Additional Distributor in the Southwest USA

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 22, 2007) - AccelRate Power Systems (TSX VENTURE:APS)(FRANKFURT:KCG), the technology leader in fast charging, and the sole manufacturer of "High-Speed" battery chargers for the motive power industry, announced today the further expansion of its North American dealer network with the appointment of another quality full service stocking distributor, Johnson Lift/Hyster.

Founded in 1940 and headquartered in the City of Industry, California, Johnson Lift/Hyster has been serving the Southwest for over sixty years.

As a Hyster Dealer of Distinction, Johnson Lift/Hyster continues to provide quality products and services to its materials handling customers in the Southern California and Southwest Arizona regions, as well as in Northern Baja, Mexico, with six locations covering these areas.

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® SC "High-Speed" battery chargers are commercially available today for the motive power market.

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.

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