Railpower Technologies awarded contract for two locomotives from Modesto & Empire Traction Company

    TSX Symbol: P

    BROSSARD, QC, Oct. 16 /CNW Telbec/ - Railpower Technologies Corp.
(TSX: P) announced the sale of two Eco-Motive Ultra-Low Emission locomotives
to Modesto & Empire Traction Company ("M&ET"). M&ET's purchase decision was
motivated by a replacement ratio of one Railpower RP20BD for three GE 600hp
locomotives, average fuel savings over 40%, and no mechanical issues during
the demonstration.
    "After working with a Railpower demonstration unit for over two weeks,
the decision to purchase their Eco-Motive locomotives was easy for us. Not
only does the model meet our area's current and future emission standards, but
it achieves a level of performance that our current fleet cannot match. The
unrivaled tractive effort it delivers allows us to pull more with less, which
positively affects our bottom line," said Ken Beard, Vice-President of M&ET.
    "We are pleased to see the positive response from customers who tested
our units on their tracks. We are confident that when the customers see our
locomotives' performance and reliability, they will appreciate the difference
in comparison to other options available and the value they can add to their
businesses," said Mr. José Mathieu, President and CEO of Railpower.

    About Railpower

    Railpower Technologies (TSX: P) develops, markets, produces and sells
specialized, patented, environment-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 Brossard, Quebec. Its 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,
and 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,
the ability to secure new orders or new financing, our ability to comply with
the covenants and conditions contained in our outstanding convertible
debentures with Teachers,  the ability to retain our employees,  product
development or manufacturing delays,  the ability of our current manufacturing
suppliers to meet our production demands in terms of quantity, quality and
costs, our ability to reach a satisfactory agreement with another supplier if
necessary or, the ability to restart the construction of our manufacturing
facility and if restarted, to construct our manufacturing facility on time and
within the forecasted budget, 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 or new competitors, 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, potential legal
liability related to the recall of our Green Goat(R) locomotives, 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.  Unless otherwise required by
law, we do not intend or 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: Kamila Wirpszo, Vice-President, General Counsel
and Corporate Secretary, Railpower Technologies Corp., (450) 678-5277 ext.518,
Toll Free: 1-866-678-5277, kwirpszo@railpower.com

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