AccelRate Announces Key Management Addition

VANCOUVER, British Columbia--Feb. 2, 2005--AccelRate Power Systems Inc. (TSX VENTURE:APS) (DAX (Germany):KCG) announced today the appointment of Debby Harris to the position of Vice-President, Corporate and Market Development.

Ms. Harris joins AccelRate with a 25-year background in communications, marketing and business development. Prior to joining AccelRate, Ms. Harris was with Ballard Power Systems, the world's leader in fuel cell development. Before Ballard, she was with a major public relations firm in Western Canada.

Ms. Harris brings to AccelRate a vast amount of commercial experience that directly relates to AccelRate's proven battery recharging technology and products.

"We are pleased to welcome Debby Harris to the AccelRate team," said Reimar Koch, President of AccelRate Power Systems. "As AccelRate's technology gains recognition worldwide, the markets for our technology will undergo dramatic change. Ms. Harris' experience and capabilities in market development, communications, and building lasting customer relationships in the alternative energy industry, will enhance AccelRate's ability to further commercialize and grow the business."

Caspar Koch, AccelRate's Chairman of the Board adds, "AccelRate has assembled a strong management team, board and an unsurpassed technology position, all of which we will use to convert AccelRate's leading technology into commercial success in the multi-billion dollar recharging market."

The company recently signed a letter of intent with Hawker Powersource, an Enersys company, for the manufacturing and marketing of battery chargers throughout North America incorporating the AccelRate technology. The Hawker brand name of industrial batteries is the world's largest.

AccelRate's unique technology recharges batteries in 80% less time resulting in significant savings in time, costs, space and energy in addition to extending overall battery life.

Shares of AccelRate, symbol APS, trade on the TSX-Venture Exchange, and on the Frankfurt Exchange, symbol KCG.

ACCELRATE POWER SYSTEMS INC.

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.

AccelRate Power Systems Inc. (TSX VENTURE:APS) (FRANKFURT:KCG)