NEWSCENTER

PRESS RELEASE:

POWER TECH CORPORATION INC.

POWERTECH REPORTS SIGNIFICANTLY INCREASED SALES FOR ITS FIRST QUARTER

Terrebonne (Quebec), February 25, 2009 – PowerTech Corporation Inc. "PowerTech" (TSX-V: PWB) today reported its results for the first quarter ended December 31, 2008. Revenues increased to $423,059 from $84,932 for the same quarter last year. The unaudited net loss for the quarter decreased to $325,170 ($0.01 per share) compared to a net loss of $571,510 ($0.02 per share) for the same period last year.

Selected financial information

For the three month and fiscal year ended December 31*

	Q1/2009	Q1/2008
Revenues	423,059	84,932
Net Loss	(325,170)	(571,510)
Basic and diluted loss per share	(0,01)	(0,02)
*unaudited

Additional highlights

Significant increase in quarterly revenues largely explained by:

• Continued deliveries in regards to the OEM agreement with NPK Construction Equipment covering the United States, Mexico and Latin America.
  • Gross margins for the quarter ended December 31, 2008; represent 40.8 % of revenues compared to 8.0% of revenues for the period ended December 31, 2007.
• An increase in the number of units sold and the larger production runs allowed negotiating better supply terms.
  • The net loss was significantly lower than the corresponding quarter of 2008;
• Explained by higher revenues and better gross margins, as well as a series of measures taken at yearend aiming to reduce overall operating costs
  • PowerTech completed during the first quarter the first deliveries of the NPK personalised series 3000 PicBuckets®. Similar to the series 2000 NPK version, this new series partially falls under the minimal contractual quantities required by the distribution agreement signed with NPK Construction Equipment in February 2007.

Commenting on these quarterly results, Mr. Carol Murray, President and Chief Executive Officer of PowerTech stated: "We are pleased with these recent results reflecting the development and completion of new sales opportunities as well as our improvements in supply chain and cost reductions. Furthermore, having delivered the first units of the new series 3000 NPK personalised PicBucket® and receiving positive feedback in regards to the upcoming series 5000 PowerTech PicBucket®, of which a first unit has already been sold, we feel we are in good shape to continue our long term growth. We remain excited with the growing acceptance of our technology as a mean to significantly enhance productivity especially for large infrastructure works and intend to fully benefit from this opportunity to the benefit of our shareholders."

Additional financial details about the Fiscal year ended December 31, 2008

The financial information in regards to the three-month period ended December 31, 2008 should be read in conjunction with the financial statements and the interim management and discussion analysis dated December 31, 2008. These documents are available at www.sedar.com.

Outlook

The Company's continues to focus on the expansion of its distribution network, including the deployment of the series 5000 PicBucket® towards applications with immediate benefits such as such as concrete crushing and recycling despite the challenging business conditions currently prevailing in North-America and abroad, PowerTech believes that it stands to benefit from an increase in infrastructure spending and from the need for the industry to increase its productivity. The Company is currently working on acquiring additional financing that will provide financial resources for an additional 12-24 months. However, due to current financial and economic conditions it may be difficult to raise additional capital In the short term or to conclude appropriate financings at advantageous terms. The Company has obtained some short term financing such as financing of SR&ED credits and purchase orders. The Company has also reduced its overall cash burn until it can secure additional financing.

Forward looking statements disclaimer

Certain statements included herein, including those that express management's expectations or estimates of our future performance, constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward-looking statements. We disclaim any intent or obligation to update publicly these forward looking statements, whether as a result of new information, future events or otherwise.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

About PowerTech (www.powertechci.com)

PowerTech is the only company in the world that manufactures and commercializes percussion technology with interchangeable tools and accessories for the construction, demolition and military industries.

PowerTech's percussion technology is a technological breakthrough that combines the power of a hydraulic hammer with the stripping force and manoeuvrability of a conventional bucket. Powertech’s products are marketed under the PicBucket® and PicHammer® names as well as under world renowned private label brands thru OEM agreements with large manufacturers.

The trademarks PicBucket®, PicHammer® and the Powertech logo are registered trademarks of PowerTech Canada Inc.

 

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Source:

Power Tech Corporation Inc.
www.powertechci.com

For further information:

Carol Murray
President and Chief Executive Officer
PowerTech Corporation Inc.
Tel.: 450 963-6400 ext. 101
Fax: 450 963-4411
E-mail: carol.murray@powertechci.com

Investor relations:
Mr. Marc Jasmin CMA
Partner
Jasmin-Dumais Financial Communications Inc.
Phone: 514 231-2360
Fax: 514 221-3762
E-mail: marc@comjamais.com

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