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AccelRate Appoints Key South African Distributor
Wednesday, October 4, 2006
AccelRate Appoints Key South African Distributor
http://www.accelrate.com
Vancouver, BC, October 4, 2006--(T-Net)--AccelRate Power Systems announced that it has executed an agreement with Saficon Industrial Equipment, trading as "Toyota Forklift", appointing them as their exclusive distributor of AccelRate's "High-Speed" industrial charger products for South Africa and surrounding territories. This agreement with Saficon will significantly increase AccelRate's product awareness.
Toyota Forklift currently has the largest market share of any materials handling distributor in South Africa and generated over US$180 million in sales for 2005. During the last 20 years, the company has served the forklift truck industry with sales, rentals and aftermarket maintenance in 15 major outlets in southern Africa. Saficon is a division of Imperial Holdings (SA) with 32,000 employees and 2006 year-to-date sales exceeding US$7 billion.
Gary Neubert, Director of Toyota Forklift, said, "By offering our customers the most advanced battery charger available, we believe that we hold a strong competitive advantage. The AccelRate battery charger is proving to be highly successful in reducing operational, capital and energy costs while giving added flexibility to businesses managing a multi-shift forklift operation. We look forward to introducing AccelRate's battery charger into South Africa and demonstrating to our customers how they can reap substantial savings in their very first year of using this product."
Pierre Gadbois, President of the Motive and Reserve Power Division for AccelRate, commented: "Toyota Forklift's distribution agreement is one more significant milestone in fulfilling AccelRate's objectives in expanding its distribution network to other continents. Toyota Forklift, recognized for its strong customer relationships, is a highly respected distributor of materials handling products in the South African and surrounding markets. We are confident that the company will be an excellent channel of distribution and will enhance AccelRate's sales and profitability in the future. This agreement is yet another solid endorsement of AccelRate's fast charging technology."
About Toyota Forklift:
Toyota Forklift (Saficon Industrial Equipment (Pty) Ltd) is a subsidiary of Imperial Holdings Limited, a company listed on the Johannesburg Stock Exchange. Toyota Forklift is the sole distributor of Toyota Forklifts, BT Warehousing Equipment and Kalmar Container handlers and Heavy Duty Forklifts in Southern Africa, and presently has over 23,000 forklifts in circulation, 7000+ in their rental fleet. Distribution and service is carried out through five wholly-owned branches in the main centers with two depots and nine dealers complementing the Southern Africa network. Toyota Forklift's Head Office facility is situated in Elandsfontein near Johannesburg.
About AccelRate:
AccelRate's proprietary 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.
Industrial chargers incorporating AccelRate's "High-Speed" battery charging technology are currently available in North America through Hawker Powersource at www.hawkerpowersource.com and through AccelRate Power Systems at www.accelrate.com, in Europe and the UK through EnerSys Europe at www.enersys-hawker.com, and in South Africa from Toyota Forklift at www.toyotaforklift.co.za.
AccelRate Power Systems is headquartered in Vancouver, BC. AccelRate's shares trade on the TSX Venture Exchange (symbol APS), and on the Frankfurt Exchange (symbol KCG).
For further information contact
Reimar Koch (604) 688-8656
Email: info@accelrate.com
Website: www.accelrate.com
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