Railpower Technologies awarded contract from Union Pacific for four fuel efficient six-axle locomotives



    MONTREAL, Sept. 12 /CNW Telbec/ - Railpower Technologies Corp. (TSX: P)
today announced that it has obtained a contract from Union Pacific for four
multi-genset, low emission, fuel efficient six-axle locomotives. The six-axle
model is a natural expansion of Railpower's product offering of multi-genset
locomotives, capable of higher tractive effort than the four-axle models.
These four locomotives will be added to Union Pacific's fleet of locomotives
serving California. All four units are expected to be delivered during the
first quarter of 2008.
    "We are delighted that Union Pacific is further expanding its fleet with
more of our RP-series locomotive technology in support of their effort to
adopt robust, cleaner locomotives and to reduce fuel costs," said José
Mathieu, President and Chief Executive Officer of Railpower. "This order is in
line with our strategy of expanding our multi-genset Eco-Motive product range
and paves the way for future orders."
    Railpower's RP series are aimed at significantly improving yard switching
efficiency and comply with California Air Resources Board ("CARB") ultra-low
emission standards applicable to locomotives.
    This is the second order for six-axle locomotives Railpower has been
awarded to date. Norfolk Southern placed another order earlier this year.
"This confirms the market potential for multi-genset locomotives," said José
Mathieu.

    About Railpower

    Railpower Technologies (TSX: P) is a leader in specialized energy
technology systems for the transportation and related industries. It 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. It U.S. office is located in Erie,
Pennsylvania (www.railpower.com)

    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.
    %SEDAR: 00016554EF




For further information:

For further information: Mr. José Mathieu, President and CEO, Railpower
Technologies Corp., (450) 678-5277, ext. 501, Toll free: 1-866-678-5277,
jmathieu@railpower.com

Organization Profile

RAILPOWER TECHNOLOGIES CORP.

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