AccelRate Appoints Initial Distributor for Materials Handling 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 Pape Material Handling (Pape) for the sales and distribution of AccelRate's private label line of rapid battery chargers. 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. Pape, one of the Western U.S.'s largest distributors of material handling equipment, will market, distribute and sell AccelRate's patented charging products to the material handling industry's after-market throughout Washington, Oregon, California and Nevada. Products incorporating AccelRate's technology may include forklift trucks, personnel carriers, aerial trucks and other material handling equipment. "Following the signing of our agreement earlier this month with Hawker Powersource to manufacture of a private-label series of products incorporating AccelRate's best-in-class charger technology, we are now focused on signing distributor relationships to access multiple markets throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and beyond," stated Pierre Gadbois, Vice President Motive Power for AccelRate Power Systems. "With Pape as our initial distributor, we are now in a position to provide advanced charging technology, offering premium quality and performance, to customers in the profitable aftermarket business, which represents 60% of our total motive market." Reimar Koch, President and Chief Executive Officer for AccelRate Power Systems adds, "This vital phase of launching AccelRate products through market leaders activates the process of building AccelRate's brand, optimizing distribution channels, satisfying customer demands, and further building shareholder value." 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). Pape Material Handling (www.papemh.com) is a Pape Company, and is headquartered in Eugene, Oregon The city of Eugene is the county seat of Lane County, Oregon, United States. It is located at the south end of the Willamette Valley, at the confluence of the McKenzie and Willamette rivers, about 60 miles (100 km) east of the Oregon Coast. . Pape Materials Handling is a retail dealer of forklift trucks and other material handling equipment on the West Coast of the United States The "West Coast", "Western Seaboard", or "Pacific Seaboard" are terms for the westernmost coastal states of the Western United States, comprising most often California, Oregon and Washington. . 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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