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Hybrid Propulsion System Supply and License Agreement

Posted on September 10, 2005

RailPower Technologies Corp. and Ocean Tug & Barge Engineering Corp. announced a supply and licensing agreement whereby RailPower will license its technologies to OTB for marine applications and supply, through OTB, its hybrid power systems to tug and barge operating companies, tug and towboat builders and shipyards involved in the construction of a wide range of workboats.

RailPower will supply hybrid and multi-engine systems in kit form and OTB will identify customers looking to retrofit or build new vessels who are interested in the economic and environmental benefits of RailPower’s hybrid systems that have been used on rail road locomotves.

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