25th Sep 2006 07:03
Turbo Power Systems Inc25 September 2006 Monday 25th September 2006 Turbo Power Systems announces follow on contract from PRC Lasers Turbo Power Systems is pleased to confirm that its power electronics divisionhas received a follow on order worth US$3.5m from PRC Lasers for high voltagepower supplies. The company announced its current contract with PRC in December2003 for US $2.4million This existing contract will continue in production untilthe end of 2006. The new contract, will cover deliveries beginning in the first quarter of 2007and continuing until early 2008. PRC is one of the leading global suppliers of industrial lasers, and TPS's highperformance power supplies are operating world-wide in a range of industrialapplications, including the automotive industry. Chief Executive, Michael Hunt, said: "PRC are an important partner for TPS and we are delighted to receive thisfollow on order, particularly as it represents a significant volume increaseover the current production run. TPS is now starting to receive follow on ordersfrom existing customers, demonstrating the reliability and relevance of ourproducts in the market place." NOTES TO EDITORS About Turbo Power Systems Turbo Power Systems develops innovative products for power generation and powerconditioning. The Group was established in 1993 as a spin-off from ImperialCollege, London and was floated on the London stock exchange in July 2000 andsoon after obtained a secondary listing in Toronto. In July 2001, the Groupacquired Intelligent Power Systems Limited (I-Power) specialising in powerelectronics. In July 2006, the Group changed its name from Turbo Genset Inc. toTurbo Power Systems Inc. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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