AccelRate Power Systems Inc.

AccelRate Power Systems Inc.

June 26, 2008 13:55 ET

AccelRate Restructures Distribution

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 26, 2008) - AccelRate Power Systems ("AccelRate") (TSX VENTURE:APS)(FRANKFURT:KCG), the leader in "High-Speed" battery charging technology, announced today that due to the slower than expected sales performance of its Motive Power Division, the company has chosen to cancel its private label distribution of AccelRate brand chargers, and has made arrangements for Hawker Powersource Inc. to take over AccelRate's existing accounts. Hawker will now be the exclusive distributor in North America of industrial chargers with AccelRate high-speed charging technology. This will ensure the highest possible ongoing support and service to the motive power market.

Hawker Powersource recognizes the superiority of AccelRate's high-speed charging technology, and has licensed this technology, which is incorporated into Hawker's LifeSpeed 3000 series of battery chargers.

AccelRate will now dedicate its resources to additional research and development for various battery chemistries and vertical markets.

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

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 statements 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