TSX Symbol: P
MONTREAL, Feb. 20 /CNW Telbec/ - Railpower Technologies Corp.
("Railpower" or the "Company") (TSX: P), a leader in specialized energy
technology systems for the transportation industry, today announced that
Mr. Michael Gillispie has been appointed Vice President of Marketing and Sales
North America. Mr. Gillispie joined Railpower in 2006 as Manager Systems
Engineering. He was later promoted to the position of Director Field Services
where he successfully reorganized that crucial function. He is renowned for
his deep knowledge of the Company's products and its customers operations.
Mr. Gillispie has close to 30 years of experience in the North American
railway industry, gained in various positions with large locomotive
manufacturers. He also holds an engineering degree from the Washington State
"Michael's technical expertise will increase our customers' awareness
regarding the advantages of our products and his reputation will contribute to
the growth of our order book, a priority for the up-coming months," said, José
Mathieu, President and CEO of Railpower.
Mr. Norris, who previously held that position, has left the Company as of
today to pursue other opportunities.
Railpower has approximately 150 locomotives in service making its fleet
of operating 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., (450) 678-5277 ext.501, Toll Free: 1-866-678-5277,