TSX Symbol: P
MONTREAL, April 30 /CNW/ - Railpower Technologies Corp. ("Railpower" or
the "Company") (TSX: P), a leader in specialized energy technology systems for
the transportation industry, today announced that John T. Norris, has been
appointed Vice-President of Marketing and Sales.
Mr. Norris has over 25 years of experience in the North American Railroad
industry, most recently as partner of Rail Development Group, the largest
independent Signal Remanufacturing facility in North America, where he held
the position of Vice-President Marketing and Sales. Prior thereto, he spent 15
years at Alstom Signaling, formerly General Railway Signal, most recently
holding the position of Product Sales Manager and Vice-president Railroad
"Jack's specific industry knowledge and outstanding reputation with
Class I railroads will prove key to the growth of our order book" said José
Mathieu, President and CEO of Railpower.
Mr. Norris will be located in Rochester, NY.
Railpower has approximately 90 locomotives in service, and will have over
150 by middle of the year, making its fleet of hybrid locomotives the largest
in North America.
Railpower (TSX: P), (www.railpower.com) is engaged in the development,
construction, marketing and sales of specialized, patented, environmentally
friendly technology systems for the transportation and related industries.
Railpower's technologies significantly reduce fuel usage, operating and
maintenance costs, and emissions. While Railpower's origins are in the
transportation industry, its technologies have broad potential and
applications in other markets and industries. Railpower is headquartered in
Montreal, Quebec. Its U.S. office is located in Erie, Pennsylvania.
Caution regarding forward-looking statements
Certain statements contained in this release contain forward-looking
statements. When used in this document, the words "may", "would", "could",
"will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and
similar expressions may be used to identify forward-looking statements. Those
statements reflect our current views with respect to future events or
conditions, including prospective results of operations, financial position,
predictions of future actions, plans or strategies. Certain material factors
and assumptions were applied in drawing our conclusions and making those
forward looking statements. By their nature, those statements reflect
management's current views, beliefs and assumptions and are subject to certain
risks and uncertainties, known and unknown, including, without limitation,
product development or manufacturing delays, changing environmental
regulations, the ability to attract and retain business partners, the
acceptance of our existing and new products, future levels of government
funding, the need to obtain and maintain proprietary rights over our
technology, competition from other technologies, the ability to access the
capital required for research, product development, operations and marketing,
the need to generate positive cash flow in the foreseeable future, changes in
energy prices and currency levels. Many factors could cause our actual
results, performance or achievements to be materially different from any
future results, performance or achievements that may be expressed or implied
by these forward-looking statements. Should one or more of these risks or
uncertainties materialize, or should the assumptions underlying our
projections or forward-looking statements prove incorrect, our actual results
may vary materially from those described in this report as intended, planned,
anticipated, believed, estimated, or expected. We do not intend and do not
assume any obligation to update these forward-looking statements whether as a
result of new information, plans, events or otherwise.
For further information:
For further information: José Mathieu, President & CEO, Railpower
Technologies Corp., Tel: (450) 678-5277 ext.501, Toll Free: 1-866-678-5277,
Email: firstname.lastname@example.org; Eric Bouchard or Arianna Vanin, Investor
Relations, The Equicom Group Inc., Tel: (514) 844-7997 or (416) 815-0700 ext.
266, Email: email@example.com or firstname.lastname@example.org