AccelRate Power Systems Inc.

AccelRate Power Systems Inc.

November 09, 2006 12:09 ET

AccelRate Appoints Ronald M. Snyder to the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 9, 2006) - The Directors of AccelRate Power Systems Inc. (TSX VENTURE:APS)(FWB:KCG) are pleased to announce the appointment of Ronald M. Snyder, a well respected lawyer, to the company's Board of Directors.

Mr. Snyder is a partner at Gowlings Lafleur Henderson LLP, servicing clients in both Ottawa and Vancouver. Mr. Snyder has an MBA in the field of international business, and is also a noted author having written several textbooks including The Annotated Canada Labour Code which is sold widely throughout Canada.

"We are very pleased to welcome Mr. Snyder to our Board," said Caspar Koch, Chairman of AccelRate Power Systems. "Mr. Snyder has many business strengths and we believe he will provide significant corporate guidance to our company. We look forward to working with him as we grow our business."

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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