NEWSCENTER

PRESS RELEASE:

POWER TECH CORPORATION INC. ENTERS THE PUBLIC MARKET

Blainville, February 17, 2005 – Power Tech Corporation Inc. (“Power Tech”) (TSX Venture: PWB) announces the listing of its common shares on the TSX Venture Exchange Inc. (the “TSX Venture”) at the opening of the market on Thursday February 17, 2005 under the ticker abbreviation PWB.

As previously announced, Power Tech’s qualifying transaction closed on February 11, 2005. On the same day, the company targeted by the qualifying transaction completed a private placement in the amount of $2,000,000 in order to meet the minimum listing requirements of the TSX Venture.

The common shares of Power Tech issued in connection with the qualifying transaction, as well as the common shares already issued, will be listed on the TSX Venture.

“The public financing will allow the company to pursue its development as set out in its strategic plan and to intensify the deployment of its commercialization strategy. Many commercial versions of our products are currently being introduced to large manufacturing companies, distributors and users in the heavy equipment industry and we are ready to manufacture significant product volumes to more rapidly penetrate the market” says Mr. Carol Murray P-Eng, M.Sc., President and C.E.O. of Power Tech.

“Furthermore, access to the public capital markets provides us with a solid capital structure for partnerships and potential acquisitions. Our business plan relies on a rapid entry into the market of our principal products and the potential of value creation for our shareholders. We are confident to deliver on this plan in the coming months” concludes Mr. Murray.

About Power Tech

Power Tech specializes in developing, integrating and commercializing leading edge technologies allowing substantial performance, productivity and functionality improvements in excavation equipment and systems for the general construction industry and several other applications in the aluminum, mining, tunnel digging, forestry and military industries.

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

For further information, please contact:

Carol Murray
President and Chief Executive Officer
Power Tech Corporation Inc.
Tel. : (450) 419-5400
Fax : (450) 419-5411
Email: carol.murray@powertechci.com

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