AccelRate Power Systems Inc.
TSX VENTURE : APS
FRANKFURT : KCG

AccelRate Power Systems Inc.

March 12, 2007 17:10 ET

AccelRate Power Systems Inc.: Director Resignation

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 12, 2007) - AccelRate Power Systems (TSX VENTURE:APS)(FRANKFURT:KCG) today announced that Mr. Rudy Booiman has resigned from the Company's Board of Directors, effective immediately, in order to devote more time to personal and other professional interests.

"On behalf of the Board, I want to thank Mr. Booiman for his contributions to the Company over the years," said Caspar Koch, Chairman of AccelRate Power Systems.

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).

ACCELRATE POWER SYSTEMS INC.

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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