AccelRate Receives Technology Innovation of the Year Award from Frost & Sullivan
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AccelRate Power Systems, Inc.
1140 West Pender Street, Suite 1370
Vancouver, V6E 4G1
Press release date: September 27, 2007
Vancouver B.C., September 27, 2007 - AccelRate Power Systems Inc., (APS-TSX.V and KCG-Frankfurt), a developer, marketer and seller of superior high-speed energy saving, battery charging technology, primarily to the forklift industry, is pleased to announce they are the recipient of Frost & Sullivan's 2007 North American Battery Charger Technology Innovation of the Year Award.
Frost & Sullivan's analyst, Anu Cherian, reported "AccelRate Power Systems has leveraged competition and product superiority in this market by the introduction of their Smart Charger which is currently the fastest battery charger in comparison with the leading brands in the market. Their adoption and penetration rate have been superior in the market and hence they rightfully deserve the 2007 Battery Charger Market Technology Innovation of the Year Award."
"We are extremely proud to be the recipient of this award," said Reimar Koch, President of AccelRate, "as it further validates the uniqueness of our technology and products. Continued recognition of this calibre will only help to bring further awareness of the superiority of our products to the battery charging market."
About Frost & Sullivan
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Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://awards.frost.com.
The superiority of AccelRate's technology is evident in its Smart Charge High-Speed charging technology, which has been recognized by such companies as Hawker Powersource, a subsidiary of EnerSys, the world's largest manufacturer, marketer and distributor of industrial batteries. Hawker Motive Power has licensed AccelRate's technology, which is incorporated into Hawker's LifeSpeed 3000 series of battery chargers.
AccelRate's technology allows 24 to 80 volt batteries to be recharged while in situ on the vehicles, making the most of charging opportunities during rest periods. In addition to the considerable energy savings, battery handling systems and additional batteries are eliminated, thereby reducing the risks of accidents.
AccelRate Power Systems is headquartered in Vancouver, BC. The Company's shares trade on the TSX Venture Exchange (symbol APS), and on the Frankfurt Exchange (symbol KCG).