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MILESTONES
- Patented unique battery charger technology in 2001.
- Technology proven in industry use in 2003 and 2004.
- Acquired worldwide rights to patent from inventor Vladimir Petrovic in 2004.
- Signed initial license agreement with Hawker Powersource in 2005.
- Launched AccelRate™ High-Speed Battery Charger product line in 2005.
- Signed initial distributor agreements with Papé Material Handling and Carney Battery
Handling in 2005.
- Initiated commercial sales in 2005.
PRODUCTS
- AccelRate’s principal product is the world’s most advanced battery charging technology.
The unique and proprietary AccelRate technology can be used with lead-acid, nickel
metal hydride (NiMh), nickel cadmium (NiCd), lithium ion (Li-Ion) and other specialty
batteries powering equipment large and small, from cell phones to fork lifts to
electric vehicles.
- Key attributes include:
- Speed - reduces charge time by up to 80%.
- Flexibility - adaptable with various battery chemistries and sizes.
- Safety - reduces heat build-up while monitoring temperature, voltage, current, and
battery state-of-charge.
- Maximizes Battery Lifetime - allows for 100% state-of-charge; extends life by reducing
battery overheating.
- Decreases Costs - reduces space, labour, energy and capital expenditure costs, lowers
battery maintenance.
- Increases Productivity - higher labour productivity; increases space availability.
- Compatibility - easily implemented into existing charger technologies.
- AccelRate’s initial products are designed to address the wide range of chargers
required for the forklift industry. The AccelRate Smart Charger products include
sizes SC180, SC260, SC350 and SC500, designed to handle a multitude of voltages
and capacities as they adapt automatically to battery voltage, capacity and state-of-charge.
STRATEGIC RELATIONSHIPS
- AccelRate and Hawker Powersource Inc. signed a license agreement in 2005 for the
manufacturing and marketing of battery chargers throughout North America, incorporating
AccelRate’s patented technology. The Hawker brand-name of industrial batteries is
the world’s largest.
ACCELRATE PRODUCT DISTRIBUTION
- As part of the license agreement, Hawker is manufacturing a private label line of
chargers for AccelRate, which are being sold by AccelRate directly or through aftermarket
distributors, including Papé Material Handling and Carney Battery Handling, to the
vast motorized materials handling industry.
FINANCIAL FACTS
- Initially incorporated company under name Key Capital Group Inc., in 1989, and subsequently
changed name to AccelRate Power Systems Inc. in 2003.
- Shares listed on TSX Venture Exchange (APS.V), and on Frankfurt Exchange (KCG).
- Shares outstanding: 23,849,749 ; Fully diluted: 27,610,098 (as at June 30, 2005).
- 52-week trading range (June 30, 2004 to June 30, 2005): $1.01 - $1.80.
- Registrar/Transfer Agent: Pacific Corporate Trust Company, Vancouver, BC.
- Auditors: Ernst & Young, Vancouver, BC.
- Cusip Number: CA 0043031032.
- Employees: 7.
- Major shareholders:
- Mr. Vladimir Petrovic, Chief Technology Officer – 13.18%.
- Mr. Caspar Koch, Chairman of the Board – 8.7%.
LOCATIONS
- Head Office: Suite 1370, 1140 West Pender Street, Vancouver, British Columbia, Canada
V6E 4G1.
- Research Laboratory: Suite 118, 3989 Henning Drive, Burnaby, British Columbia, V5C
6N5.
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