15th May 2007 07:02
Turbo Power Systems Inc15 May 2007 15th May 2007 TURBO POWER SYSTEMS ANNOUNCES FURTHER PRODUCTION ORDERS FOR LOW EMISSION RAIL YARD LOCOMOTIVE ELECTRONICS Turbo Power Systems ("TPS") is pleased to announce that it has received furtherorders from the National Railway Equipment Co. (NREC) of the US, for tractionmotor controllers and low voltage power supply units in support of their lowemissions locomotives. The additional orders cover locomotives being supplied to several customers inboth North American and international markets, and they reflect the growingcustomer interest in the innovative rail-yard shunter. The new orders will add a further £1.2M to the value of contracts received fromNREC to date against the long term supply agreement, and all equipment relatingto the new orders is scheduled to be delivered before the end of 2007. TPSannounced the initial long term supply agreement with NREC in February 2006 andadditional orders worth US$700,000 in November of 2006. Michael Hunt, CEO of TPS commented "NREC are making considerable progress inidentifying markets in North America, Europe and Australasia, and we are verypleased to be involved with such an environmentally sound and technicallyinnovative product." For further information, please contact: Turbo Power Systems Tel: +44 (0)20 8564 4460Michael Hunt, Chief Executive OfficerStephen Sadler, Chief Financial OfficerCompany Website: www.turbopowersystems.com Gavin Anderson (PR) Tel: +44 (0)20 7554 1400Ken CroninMichael Turner KBC Peel Hunt Tel: +44 (0) 20 7418 8900Oliver Scott NOTES TO EDITORS 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. 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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