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Press Release - Railpower Technologies Corp. (P-TSX)

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“We are replacing 50 year old technology. If you replace a 10 year old automobile with one of today you would gain a few percent in terms of emissions, because it is slightly cleaner. However, if you replace something that is 50 years old, you gain a lot and in addition, the old single engine runs all of the time, whereas with our locomotives we have 3 engines and there is a very sophisticated computer and software that powers them only when they are needed...” - Jose Mathieu (P) (Interview published September 28, 2007)

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Railpower awarded a Certificate of Registration for complying with ISO 9001:2000 requirements
Monday December 15, 3:52 pm ET


TSX Symbol: P

BROSSARD, QC, Dec. 15 /PRNewswire-FirstCall/ - Railpower Technologies announced today that it has been awarded a Certificate of Registration for operating a quality management system that complies with ISO 9001:2000 requirements.


This registration certifies that the policies, practices, and procedures of Railpower Technologies follow best practices for consistently designing and manufacturing quality products with the goal of total customer satisfaction. To become certified, Railpower Technologies underwent a stringent evaluation process which ended with a multi-day independent audit of its entire Quality Management System (QMS), including extensive document review and employee interviews to confirm compliance.

"Achieving ISO certification demonstrates our commitment to the quality of our processes and products, which is critical to customer satisfaction and the success of our company," said Mr. Jose Mathieu, President and CEO of Railpower Technologies.

About Railpower

Railpower (TSX: P - News), (www.railpower.com) is engaged in the development, construction, marketing and sales of high performance, clean locomotives and power plants for the transportation and related industries. The Corporation has designed and is marketing a range of locomotives for the North American low and medium horsepower locomotive market. It has also designed and is marketing hybrid power plants for rubber tyred gantry cranes (Eco-Cranes®). Its technologies have broader potential and applications in other markets and industries.

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 Ontario Teachers Pension Plan Board, 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® 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.






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