Further improvements of the Munich pulsed low energy positron system have been performed. A new chopper, configured as a double plate deflection system with an external resonator and a now buncher working like a classical double gap buncher, are implemented. The complete rf-power electronic was redesigned and operates now at an overall master-frequency of 50 MHz for all bunching and chopping components. A new target station with an enlarged Faraday cage is installed. The sample temperature is variable between 30 K and 600 K. Up to ten samples can be stored in a magazine and transferred under vacuum conditions to the measuring position. With a primary source of 30 MCi Na-22 a count rate of up to 4 kHz can be achieved with a peak-to-background ratio of 3000:1. This ratio can be further improved by the use of a Wien filter. A beam diameter of about 2 mm was determined. The total time resolution (pulsing plus detector system) is 250 ps (FWHM).