Schneider Power and Triton Telecom Sign Letter of Intent to Power Undersea Cable System

TORONTO, ONTARIO, Mar 02 (MARKET WIRE) --
Schneider Power Inc. (TSX VENTURE: SNE) announced today that it has
signed a Letter of Intent with Triton Telecom Inc. ("Triton"), a
subsidiary of Cobian International Group, Inc. of Orlando, Florida, to
pursue an alternative renewable energy solution to power an undersea
cable system between Miami and Puerto Rico.

The Letter of Intent outlines a proposed transaction where Schneider
Power and Triton will collaborate to power "Seahorse-1", a 4,850 km ring
comprised of 4 Fibre pairs between Miami, Florida; Cacique, Dominican
Republic; and Isla Verde, Puerto Rico using renewable energy. The system
will be the first renewable energy powered underwater fibre optic
communications network in the world and will use traditional power plants
only as a backup.

The Seahorse-1 project's first priority is the environment. In addition
to being powered by renewable energy, the cable will employ earth saving
techniques and materials to allow for an invasion-free impact on nature
and the oceans. The goal of the project is to showcase new ways to
provide cost-effective, innovative technology that will serve the public
interest whilst having minimal environmental impact.

"This is an industry first and we are proud to be able to support Triton
in bringing their goal of an environmentally friendly system to
fruition." Said Thomas Schneider, Vice-Chairman and President of
Schneider Power Inc.

Kameel Wakim, Chief Technology Officer for Cobian International Group,
said "Renewable energy is a proven technology that we need to apply to
all telecom solutions offered around the world. We were given this
challenge by our CEO in 2005 and today Seahorse-1 reflects our commitment
to innovation and the environment. Schneider Power is a future thinking
company that can help us to achieve this goal."

About Schneider Power

Schneider Power Inc. (TSX VENTURE: SNE) is one of Canada's premier
renewable energy companies, with a large portfolio of clean electricity
generation development projects and advanced exploration projects located
across two continents, and large land positions on the most promising and
prospective wind and solar power areas in North America. Visit us on the
web at www.schneiderpower.com.

Schneider Power is listed on the TSX Venture Exchange under the symbol
SNE.

About Triton Telecom Inc.

Triton Telecom is a leading provider of undersea cable ventures, and a
subsidiary of Cobian International Group. Cobian and its companies take
pride in innovative network design, solid vendor partnerships, and
exemplary customer services and support. In addition to Triton Telecom,
subsidiaries of Cobian International Group include Cobian Engineering &
Technical Consultants, Inc., a sales, service and support company, and
Chameleon, which serves as Cobian's hardware division. The family of
Cobian companies provides whole product "turn-key" communication
solutions utilizing future-proof technologies. Cobian subsidiaries also
use renewable energy options in order to create a healthier planet for
all, while building a totally accessible world. Cobian was founded in
2005, concentrating efforts in the Caribbean while expanding globally.
Today, Cobian has relationships with some of the largest service
providers in the Caribbean. For more information, please visit
www.cobiangroup.com

Forward Looking Information

This news release contains forward looking information. Actual future
results may differ materially. Additional financial and operational
information is filed electronically with various securities commissions
in Canada through the System for Electronic Document Analysis and
Retrieval (SEDAR).

Contacts:
Schneider Power Inc.
Jonathan Lundy
Chief Executive Officer
(416) 847-3724 x234
Website: www.schneiderpower.com

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