AccelRate Power Systems Inc.

AccelRate Power Systems Inc.

November 10, 2006 11:22 ET

AccelRate Receives Largest Order to Date

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 10, 2006) - AccelRate Power Systems (TSX VENTURE:APS)(FWB:KCG), the leader in "High-Speed" battery charging technology, has received an initial stocking order from its newly appointed South African distributor, Saficon Industrial Equipment (Pty) Ltd., trading as Toyota Forklift.

This sizeable stocking order reinforces Toyota Forklift's optimistic outlook for the Company's "High-Speed" battery chargers in their marketplace. The Company anticipates that part of the order will be delivered before the end of this year (with the balance to follow in Q1 2007) to allow Toyota Forklift to demonstrate the product to their customers.

AccelRate chargers offer numerous advantages, even over the most advanced battery charger technologies. Benefits include the ability to provide a "full" state-of-charge in two hours (five times faster than conventional technology) as well as automatic recognition of voltage, battery capacity, battery chemistry and state-of-charge.

"We are extremely happy with the advancement of our relationship with Toyota Forklift since we announced them as a new distributor on October 4, 2006. After meetings, educational sessions with end-use customers, training and product demonstrations, we have received a substantial order for our "High-Speed" battery chargers," stated Reimar Koch, President and Chief Executive Officer of AccelRate. "We look forward to continuing our relationship with Toyota Forklift and to helping them meet their customers' demands for "High-Speed" charging, improved battery performance and increased space utilization. We are hopeful that our efforts with our other distributors will likewise result in forthcoming orders as our "High-Speed" battery charging technology gains momentum in the marketplace."

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.

Contact Information

  • AccelRate Power Systems Inc.
    Reimar Koch
    President and CEO
    (604) 688-8656
    (604) 688-8654 (FAX)