AccelRate Power Systems Inc.

AccelRate Power Systems Inc.

December 14, 2006 14:26 ET

AccelRate Appoints Additional Distributor in the U.S.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 14, 2006) - AccelRate Power Systems (TSX VENTURE:APS)(FWB:KCG), the technology leader in "high-speed" battery chargers for the motive power industry, announced today the expansion of its dealer network into the U.S. by appointing Equipco, a Hyster Dealer of Distinction, as a stocking distributor.

For over sixty years, Equipco has been a leader in providing effective and efficient solutions in the Material Handling process. As a company, Equipco has focused on developing an in-depth expertise in the operation and application of the wide range of equipment and systems required for improvement of the Material Handling function.

AccelRate Power Systems looks forward to being part of Equipco's expertise in 63 counties within Pennsylvania, Maryland, West Virginia and Ohio.

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.

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