AccelRate Power Systems Inc.

AccelRate Power Systems Inc.

March 30, 2006 09:00 ET

AccelRate 'High-Speed' Battery Charger Technology Introduced in Europe at MANUTENTION PARIS Trade Show

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 30, 2006) -

Technology can charge batteries faster and make them last longer

AccelRate Power Systems (TSX VENTURE:APS)(FWB:KCG) today announced that its licensing partner, EnerSys (NYSE:ENS), the world's largest manufacturer, marketer and distributor of industrial batteries, recently introduced and exhibited industrial battery chargers incorporating AccelRate technology to European customers at MANUTENTION PARIS, a large exhibition dedicated to materials handling equipment in Europe.

EnerSys has licensed AccelRate's patented "High-Speed" battery charging technology for the motive and reserve power markets in Europe in order to provide their customers with world-class products for the growing motive power market. Chargers incorporating AccelRate technology will be sold in Europe through EnerSys's subsidiary brands including Hawker, Fiamm and Oldham. Hawker Powersource, a North American division of EnerSys, has signed a licensing and manufacturing agreement for the production and distribution of battery chargers incorporating AccelRate technology in North America. In addition, AccelRate is marketing its own brand of AccelRate® SC Chargers, manufactured by Hawker, to aftermarket users in North America.

"The European trade show was a fantastic opportunity for EnerSys and Hawker to introduce the unique capabilities of AccelRate High-Speed technology to the European market," stated Pierre Gadbois, President of the Motive Power Division of AccelRate Power Systems. "EnerSys and Hawker management are extremely pleased with the high level of interest from European customers, and as a result, EnerSys has appointed specialized sales staff to market the most advanced industrial "High-Speed" battery charger prior to its anticipated European sales launch in the summer of 2006."

Industrial chargers incorporating AccelRate technology provide powerful features that will allow industrial users to charge their batteries to a "full" state-of-charge in 80% less time than conventional chargers with no requisite cool-down period. By reducing heat generation during the charge profile and eliminating battery-swaps during operation, companies can reduce their expenditures through reduced capital investments and improved operator time usage, thereby increasing their profit base.

Chargers incorporating AccelRate's "High-Speed" battery charging technology are currently available in North America through Hawker Powersource at or through AccelRate Power Systems at Interested European customers may contact EnerSys Europe at

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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