AccelRate Power Systems Inc.

AccelRate Power Systems Inc.

June 24, 2005 11:30 ET

Increased Markets and Opportunities Outlined in AccelRate's Updated Corporate Overview

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 24, 2005) - AccelRate Power Systems Inc. (TSX VENTURE:APS)(FWB:KCG): AccelRate Power Systems has released its new Corporate Overview based on the company's initial success in commercializing its patented high-speed battery charging technology for the industrial market.

"Our product demonstrations, including a presentation to AccelRate's strategic partner, Hawker Powersource, at their national sales convention in Las Vegas earlier this month, are receiving rave reviews," said Reimar Koch, AccelRate's President and Chief Executive Officer. "The first delivery of 38 high-speed battery chargers manufactured by Hawker, the world's largest battery manufacturer, is expected in August."

AccelRate™ Smart Chargers, using AccelRate's unique, patented technology, are manufactured by Hawker and marketed in North America by AccelRate through dealers such as Pape Materials Handling Inc. in the Pacific Northwest, and Carney Battery Handling Ltd. in Canada. In addition, Hawker also produces its own line of AccelRate™ powered High Speed chargers, distributed in the U.S.A. by Hawker Powersource, under the trademark LifeSpeed 3000.

AccelRate will now work to expand market awareness of their industrial battery charger product line and its unique advantages, such as the ability to provide a full state-of-charge in 80% less time than conventional charger technologies, increased battery lifetime due to improved heat management, and decreased energy use. The company's Corporate Overview outlines how a typical warehouse with 30 forklifts can initially save more than US$900,000, in the first year alone, using AccelRate™ Smart Chargers.

The Corporate Overview outlines:

- Battery chemistries, applications, and demand

- Industry observations and world market demand for batteries and chargers

- Market prospects and strategies

- Profiles on strategic and operating partners

- AccelRate product lines and related information

- Customer value proposition

"We are extremely pleased with AccelRate's recent progress as it provides a solid base to advance our commercialization activities and technology," added Mr. Koch. "Our technology has no comparable competition in the multi-billion dollar battery and charger industry."

Shareholders and interested individuals will be sent a copy of the 38-page document by the end of June. For others interested in receiving a copy, please email the company at, or call (604) 688-8656 to arrange delivery of the new brochure.

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).


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
    (604) 688-8654 (FAX)
    AccelRate Power Systems Inc.
    Reimar Koch
    (604) 688-8656
    (604) 688-8654 (FAX)