AccelRate Power Systems Inc.

AccelRate Power Systems Inc.

June 28, 2005 08:30 ET

AccelRate Receives Order for 'High-Speed' Battery Charger from Largest Eastern Europe and Middle East Battery Manufacturer

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 28, 2005) - AccelRate Power Systems Inc. (TSX VENTURE:APS)(FWB:KCG), the global technology leader in "High-Speed" battery chargers, announced today it has received an order from Mutlu Aku for an AccelRate™ Smart Charger (SC).

Mutlu Aku, the largest manufacturer of batteries in Eastern Europe and the Middle East, has placed its initial order for an AccelRate 350 Ah high-speed battery charger. AccelRate™ SC battery chargers can fully recharge any 24, 36 or 48-volt industrial batteries in two hours, with no negative impact to battery lifetime.

Product delivery is scheduled for August 2005, at which time Mutlu Aku will see first-hand the product's unique attributes. Mutlu Aku and AccelRate management will also meet at that time to discuss future opportunities between the companies with a goal of advancing their respective global leadership positions.

"We are proud that Mutlu Aku has selected an AccelRate Smart Charger to further support its commercialization activities," said Reimar Koch, President and Chief Executive Officer of AccelRate Power Systems. "Mutlu Aku's procurement of an AccelRate™ Smart Charger strongly supports their commitment to provide customers with leading technologies. We look forward to introducing our technology benefits beyond North America, generating additional revenue stream."

AccelRate's SC series of chargers will fully recharge a battery five times faster than conventional chargers, without requiring any modifications to the battery. Due to its compact size and light weight, the AccelRate SC will do the work of several regular chargers in a fraction of the total space.

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 DAX (symbol KCG).

Mutlu Aku is the acknowledged Turkish battery market leader with a 40% domestic market share. Mutlu Aku is also a significant exporter of batteries to the Russian Federation, Turkish Republics, and BDT countries. Mutlu Aku produces batteries for different industries, including the automotive, stationary and industrial industries. Customers include FIAT-Tofas, Ford Otosan, Toyota, Hyundai, Mercedes, Isuzu, BMC, Temsa, MAN, Turkish Armed Forces, Turk Telekom, TCDD (Turkish State Railways), Turkish Gas and Electricity, Department of National Highways, and the National Water Authority.


Reimar Koch, President and CEO

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