15th Aug 2007 07:01
Turbo Power Systems Inc15 August 2007 15th August 2007 TURBO POWER SYSTEMS ANNOUNCES FURTHER PRODUCTION ORDERS FROM NATIONAL RAIL EQUIPMENT COMPANY Turbo Power Systems Plc ("TPS"), the innovative electrical machines andelectronic systems provider, is pleased to announce that its Power Electronicsdivision has received further orders with a combined value of $3M from theNational Rail Equipment Company (USA). The bulk of these additional orders, for the traction motor controllers and lowvoltage power supply units used in NREC's successful low emissions, fuelefficient locomotive, are expected to be completed by the end of 2007. Commenting on the orders, Michael Hunt, Chief Executive Officer, said: "The continued success of NREC to win new customers and build the reputation oftheir innovative locomotive design is very encouraging and TPS is very pleasedto be partnered with such an increasingly important customer". For further information, please contact: Turbo Power Systems Tel: +44 (0)20 8564 4460Michael Hunt, Chief Executive OfficerStephen Sadler, Chief Financial Officer Gavin Anderson & Company (PR) Tel: +44 (0)20 7554 1400Ken CroninMichael Turner KBC Peel Hunt Tel: +44 (0)20 7418 8900Oliver ScottGordon Suggett Company Website: www.turbopowersystems.com About Turbo Power Systems Turbo Power Systems Inc. designs and manufactures innovative power solutionswhich provide local, high quality, controllable electrical power. The Group'sproducts are sold into a number of markets but are all based on its coretechnologies of power electronics and high speed electrical machines. TheCompany's products all have the common aim to provide improved efficiency andreduced energy consumption compared to existing technology. The Group operates across the following market sectors: • Direct Drive High-Speed Electrical Machines and Electronics • Specialist Drives and Motor applications (Aerospace, Oil and Gas) • High Voltage Power Supplies, Auxiliary Power Systems, Grid-Connected Inverters for Energy Recovery Systems and Renewable Technologies 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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