NEWSCENTER

PRESS RELEASE:

POWER TECH CORPORATION INC.

POWERTECH INCREASES ITS MANUFACTURING CAPACITY TO SUPPORT ITS DEVELOPMENT ACTIVITIES AND MEET ANTICIPATED GROWING DEMAND

Entrepreneur, Roxboro Excavation, calls the PicBucket the “new market standard”

Blainville (Quebec), Feb. 8, 2005 – Mr. Carol Murray, President and Chief Executive Officer of Power Tech Corporation Inc., “PowerTech” or “Company” (TSX-V: PWB), is pleased to announce that the Company’s commercialization strategy is generating tangible results. This strategy has three main development components: an introduction strategy centred on trial programs with leading entrepreneurs in different market sectors (the V.I.PIC program); the establishment of a distribution network geared to the company’s product line; and a prospecting strategy on the front line. “We are well aware that our dynamic commercialization plan requires increased manufacturing capacity. This is why we are moving to a new 23,000 square-foot plant in March. This plant will enable us to adequately meet the demand from our distributors, to respect delivery deadlines and ensure the availability of replacement parts for our clients, ” said Mr. Murray. This new plant, that will be rented by PowerTech, is located in the Haut Terrebonne industrial park.

The initial phase of the V.I.PIC trial program involving renowned entrepreneurs, municipalities and the military industry was highly successful. “The program obtained results that met our expectations. We are thrilled that the participating entrepreneurs all report that they are very satisified with the performance of our technology. Recorded efficiency gains surpassed 100%,” noted Mr. Murray.

Roxboro Excavation purchases its first PicBucket

Among the entrepreneurs who participated in the V.I.PIC trial program was Roxboro Excavation, based in Dorval, Quebec. This construction industry leader has just purchased its first PicBucket unit. “We were very impressed by the PicBucket’s performance and ruggedness during our trials. It is a major innovation for our industry. The PicBucket provides us with high operational versatility and generates significant cost reductions due to the substantial efficiency gains. At the end of the day, as an entrepreneur this enables us to be more competitive. The PicBucket is bound to become the new standard in the construction industry,” said Daniel Théorêt, manager of the machinery park for Roxboro.

Several other entrepreneurs have also accepted to carry out trials of the technology developed by PowerTech. These trials will be gradually conducted as the construction sites, which PowerTech’s tools are designed for, begin their work. Some 38 entrepreneurs and potential clients have accepted to participate in the V.I.PIC program with a view to making an eventual purchase of PicBucket units. Fifteen of these are currently trying out the PicBucket. “We are proud to have major entrepreneurs participating, such as the company Neilson Inc., located in Saint-Nicolas on Quebec’s south shore. This level of participation demonstrates the industry’s serious interest in our technology,” said Mr. Yves Sicotte, Vice-President, Sales and Marketing of PowerTech.

Commercialization strategy implementation

PowerTech’s roll-out strategy for the North American market is backed by the establishment of a distribution network made up of select heavy equipment distributors who are specialized in the construction and demolition sector. “Until now, our priorities have been to build our business relationships with some key distributors in Canada and the United States by providing demonstration units in their territories. The success achieved to this point enables us to extend our efforts to the whole North American market by tapping into the power of a distribution network adapted to our products. Once complete, our network will include more than 125 distributors with 450 branches. This vast network will include the majority of urban centres in Canada and the United States,” added Mr. Sicotte. Internationally, PowerTech’s strategy is centred on concluding agreements with large heavy equipment manufacturers who are thoroughly knowledgeable about their markets.

New Internet site

Furthermore, PowerTech is pleased to announce that its new Internet site is on-line as of today. This site offers complete information, in a user-friendly format, for current and potential clients, shareholders and business partners.

In addition, PowerTech is holding its annual meeting this morning at 10:00 a.m. in Montreal at the Queen Elizabeth Hotel.

About PowerTech (www.powertechci.com)

PowerTech is the only company in the world that manufactures and commercializes a percussion bucket for the construction, demolition, aluminum, mining, tunnel digging, forestry and military industries. PowerTech’s PicBucket is a technological breakthrough that combines the power of a hydraulic hammer with the stripping force and maneuverability of a conventional bucket.

Powertech intends to position itself as a leader in the development, integration and commercialization of leading edge technologies that allow for substantial improvements in equipment performance, productivity and functionality.

* The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuray of this press release

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Source:

Power Tech Corporation Inc.
www.powertechci.com

 

For further information:

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

Yves Sicotte
Vice-president Sales and Marketing
Power Tech Corporation Inc.
Tel.: (450) 419-5400
Fax: (450) 419-5411
yves.sicotte@powertechci.com

Frédéric Tremblay
HKDP
Tel.: (514) 395-0375, ext. 234
ftremblay@hkdp.qc.ca

 

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