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Railpower to supply TSI Terminal Systems Inc. with hybrid power plants for rubber tyred gantry cranes

TSX: P

VANCOUVER and MONTREAL, Oct. 10 /CNW/ - TSI Terminal Systems Inc.
("TSI"), a wholly owned subsidiary of Orient Overseas International Limited
(HK: 0316), and Railpower Technologies Corp. (TSX: P) ("Railpower"), today
announced that they have agreed to test a hybrid diesel electric power unit
for use in rubber tyred gantry ("RTG") cranes. Railpower will develop and
supply three hybrid power plants to be installed by TSI on three new RTG
cranes in the first half of 2007.
RTG cranes are used for loading and unloading shipping containers in
ports and specialized container storage yards. RTG cranes are typically
powered by an on board diesel generator power plant. The power and energy
requirements of RTG cranes are highly suitable for a hybrid application which
will result in significant fuel savings and diesel emissions. Based on
preliminary calculations, Railpower estimates that its hybrid power plant will
reduce fuel consumption and green-house gas emissions on RTG cranes by up to
70%. Railpower also expects emission reductions in NOx and diesel particulates
to be similar to what has been achieved with the GG-series locomotives.
"The hybrid conversion of TSI's RTG cranes is a key part of our ongoing
efforts to reduce emissions. Our stated objective is to further reduce
emissions wherever practicable," said Norman Stark, President and CEO of TSI.
"We currently operate over 30 RTG cranes in the lower mainland. If the
prototype is successful, TSI intends to enter into a long-term agreement with
Railpower to retrofit all of our existing and new purchases of RTG cranes with
Railpower's hybrid power plant system."
"This order represents a significant milestone as we are advancing our
strategy of penetrating derivative markets for our hybrid technology," said
JosDe Mathieu, President and CEO of Railpower. "We have obtained a patent
pending for this hybrid design application and intend to pursue full
patenting. We anticipate taking the next six to nine months to develop the
prototypes, leveraging our past investments in research and development
related to our hybrid Green Goat(R) yard switchers. We believe this
application represents a significant new market opportunity for Railpower."

About TSI
A wholly-owned subsidiary of Orient Overseas International Limited
(HK: 0316), TSI operates two terminals in the lower mainland of Vancouver,
British Columbia: Vanterm and Deltaport. Between these two terminals, TSI
handles nearly 1.4 million TEUs (20-foot equivalent units) of cargo every
year. TSI is the largest terminal employer in the Port of Vancouver, with an
annual payroll exceeding $150 million. TSI is a strong supporter of the
communities in which it operates. For more information, please visit
www.tsi.bc.ca

About Railpower
Railpower Technologies Corp. (TSX: P), (www.railpower.com) is engaged in
the development, production, marketing and sales of specialized energy
technology systems for railroad applications and derivative markets. When
compared to conventional locomotives, our technologies allow our customers to
substantially 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.

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