10th Jul 2006 07:01
Turbo Genset Inc.10 July 2006 Monday 10th July 2006 TURBO GENSET SECURES ADDITIONAL RAIL ORDERS WORTH £1.3 MILLION Turbo Genset Inc. ("Turbo Genset"), the innovative electrical machines andelectronic systems provider, is pleased to announce that its Power Electronicsdivision has received orders with a combined value of £1.3 million fromBombardier Transportation (UK), the National Rail Equipment Company (USA) andTrans-Elektro (Netherlands). The contract from Bombardier is a new requirement to provide 30 Catering CarConverters and 405 PT3000 'At Seat' Power Supplies for installation as part of arail car refurbishment programme being undertaken by Bombardier Transportationon behalf of a major UK train operator. The 'At Seat' system provides a qualitypower source in the carriages for passengers to power up laptops and mobilephones. The orders from Trans-Elektro and NREC are for additional quantities within theframework of previously announced contracts. Turbo Genset announced in February2006 that they had been commissioned to supply traction motor controllers andlow voltage power supply units to NREC for a new, low emission locomotive and inOctober 2005, that the Company would provide Trans Elektro with 6kVA powerconverters for use in air conditioning systems. Initial deliveries for each of the orders are planned to commence in Q3 2006with final units expected to be delivered by the end of Q2 2007. Commenting on the orders, Michael Hunt, Chief Executive Officer, said: "We are very pleased to receive follow on orders from our existing customers andto have the opportunity to support Bombardier on further new programmes. "This new contract extends the number of UK Train Operators who have adopted ourinnovative 'At Seat Power' technology and we are confident that this equipmentis becoming the preferred option in the marketplace." For further information, please contact: Turbo Genset Inc. Tel: +44 (0)20 8564 4460Michael Hunt - Chief ExecutiveStephen Sadler - Chief Financial Officer Gavin Anderson (PR) Tel: +44 (0)20 7554 1400Ken CroninMichael Turner Company Website: www.turbogenset.com NOTES TO EDITORS About Turbo Genset Inc. Turbo Genset develops innovative products for power generation and powerconditioning. The Group was established as a spin-off from Imperial College,London, was floated on the London stock exchange in July 2000 and soon afterobtained a secondary listing in Toronto. In July 2001, the Group acquiredIntelligent Power Systems Limited (I-Power), a company specialising in powerelectronics. About Power Electronics Power electronics products take a range of power inputs and condition them toachieve outputs of precisely defined characteristics for applications includingindustrial, aerospace and rail power systems. Bombardier Transportation Bombardier Transportation is the global leader in the rail equipmentmanufacturing and servicing industry. Its wide range of products includespassenger rail cars and complete rail transportation systems. It alsomanufactures locomotives, freight cars, propulsion & controls and providessignalling equipment and systems. 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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