22nd Mar 2006 07:02
Turbo Genset Inc.22 March 2006 Wednesday 22nd March 2006 TURBO GENSET INC. ANNOUNCES TORONTO TRANSIT COMMISSION CONTRACT Turbo Genset Inc. ("Turbo Genset"), is pleased to announce that it has receivedconfirmation of an order from the Toronto Transit Commission for the initialproduction batch of 100 Low Voltage Power Supply and Inverter Units ("LVPS"units) for their Canadian Light Rail Vehicle (CLRV) streetcars operating inToronto, Ontario, as part of a life extension and upgrade programme. In September 2004 Turbo Genset was selected to provide two prototype units andwas awarded a conditional production contract subject to satisfactory performance of the prototypes during in-service testing and confirmation thatTTC had received the expected financing approval from City of Toronto Council. Both prototypes have been delivered to the customer and TTC has now released theunconditional order for the initial 100 systems scheduled between 2007 and 2012.The value of the initial production batch is £1.75 million. Commenting on this contract, Michael Hunt, Chief Executive Officer said "The Toronto Transit Commission is a very important customer for Turbo Gensetwith ongoing programmes for both subway cars and streetcars and we are verypleased that production volumes of CLRVs will now be proceeding." For further information, please contact: Turbo Genset Tel: +44 (0)20 8564 4460Michael Hunt, Chief Executive Officer Stephen Sadler, Chief Financial OfficerCompany Website: www.turbogenset.com Gavin Anderson (PR)Ken Cronin Tel: +44 (0)20 7554 1400 NOTES TO EDITORS About Turbo Genset Turbo Genset designs and manufactures innovative power solutions which provide local, high quality, controllable electrical power. The Group's products are sold into a number of markets but all are based on its core technologies of power electronics and high speed electrical machines. Forward Looking statements This news release contains forward-looking statements. Forward-lookingstatements include statements concerning plans, objectives, goals, strategies,future events, or performance, and underlying assumptions and other statementsthat are other than statement of historical fact. These statements are subjectto uncertainties and risks including, but not limited to, the ability to meetongoing capital needs, product and service demand and acceptance, changes intechnology, economic conditions, the impact of competition, the need to protectproprietary rights to technology, government regulation, and other risks definedin this document and in statements filed from time to time with the applicablesecurities regulatory authorities. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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