AccelRate Chairman Passes Away

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 14, 2009) - Caspar Koch, the founder and Chairman of AccelRate Power Systems (TSX VENTURE: APS.V)(FRANKFURT: KCG.F) (formerly Key Capital Group) died peacefully Sunday morning, January 11, 2009.

Mr. Koch came to Canada from Germany in 1951 and worked for 28 years in the automotive industry in various executive positions. He moved to Vancouver in 1979 and for 10 years was active in commercial land development.

In 1989 Mr. Koch founded Key Capital Group Inc. and took the company public. Mr. Koch steered the company in various directions with different projects. In October 2003 he changed the company's name to AccelRate Power Systems to reflect the company's current focused direction.

Due to health issues Mr. Koch had to slow down over the past year; however, he remained active and enthusiastic to the end. He will be missed for his drive, optimism, vision and sense of humour.

Reimar Koch, President and CEO

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts

Reimar Koch
AccelRate Power Systems Inc.
(604) 688-8656
(604) 688-8654 (FAX)
Email: info@accelrate.com
Website: www.accelrate.com