AccelRate Appoints Canadian Distributor for Materials Handling Aftermarket Industry Sales.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- AccelRate Power Systems Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:APS)(DAX (Germany):KCG KCG Knowledge Capital Group KCG Chignik, AK, USA - Fisheries (Airport Code) ) announced today the appointment of Carney Battery Handling Ltd. (Carney) for the sale and distribution of AccelRate's private label line of rapid battery chargers in Canada. This follows the signing of a license agreement with Hawker Powersource, announced on April 7, 2005, as the manufacturer of AccelRate battery chargers for motive applications. Carney is the undisputed battery handling market leader in Canada. Carney will market, distribute and sell AccelRate's patented charging products to the material handling industry's aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. throughout Canada. Products utilizing AccelRate's technology may include forklift trucks, personnel carriers, aerial trucks and other material handling equipment. "Carney is a dominant player in the Canadian materials handling Materials handling The loading, moving, and unloading of materials. The hundreds of different ways of handling materials are generally classified according to the type of equipment used. industry and we look forward to working with them as a valued distributor," said Reimar Koch, President and Chief Executive Officer for AccelRate Power Systems. "This presents a significant opportunity for both companies to combine our individual strengths and meet the growing demand for rapid battery chargers in the Canadian marketplace." AccelRate's superior battery 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 TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. (symbol APS), and on the Frankfurt Exchange DAX (symbol KCG). Carney Battery Handling Ltd. (www.carneybatteryhandling.com) is Canada's leading manufacturer and distributor of battery handling equipment for the material handling industry, with sales and distribution worldwide. ACCELRATE POWER SYSTEMS INC. Reimar Koch, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. AccelRate Power Systems Inc. (TSX VENTURE:APS) (FRANKFURT:KCG) |
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