AccelRate Power Systems Inc.

AccelRate Power Systems Inc.

February 21, 2007 11:00 ET

AccelRate Appoints Additional Distributor in the US

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 21, 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 a new full service stocking distributor, Modern Handling Equipment of NJ, Inc.

As an operating company of the Modern Group, Modern Handling Equipment of NJ, Inc. has, since 1966, been a Hyster Company dealer with customers throughout New Jersey and the New York City metropolitan area. Hyster Company is one of America's leading forklift manufacturers. The "sister" company, Modern Handling Equipment Co., distributes the Hyster line in Pennsylvania, Southern New Jersey, Delaware and Maryland.

The Modern Group, an employee owned company founded in 1946, is one of the nation's largest distributors of materials handling, standby power generation, construction and maintenance equipment serving thousands of customers in the Mid-Atlantic region.

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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