Contract Win

23 December 2011

Turbo Power Systems Inc

("Turbo Power Systems" or "TPS" or "the Company)

Industrial Motor and Drive Contract Win

TPS, the innovative electrical machines and electronic systems provider, announces that it has received a purchase order with a total value of £1.33M for the development and supply of Electrical Machines and Drives. The equipment is scheduled to be delivered in early 2013.

Peter Brown, Chief Executive Officer of TPS, commented:

"The receipt of this order further demonstrates the growing market confidence and wide ranging appeal of our electrical machines technology. Along with the other orders announced this year, this expands the range of applications that utilise our core technology and gives us confidence that we can continue to grow the business in 2012 and beyond."

About Turbo Power Systems

Turbo Power Systems Inc. (TSX:TPS.TU AIM:TPS.L) is a leading UK based designer and manufacturer of innovate power solutions to a global client base. The Group's products are based on its core technologies of power electronics and high performance electric motors and generators targeted at the energy, industrial, transport and defence markets.

For further information, please contact:

Turbo Power Systems Inc. Tel: +44 (0)20 8564 4460

Peter Brown, CEO

FinnCap (NOMAD, broker and financial advisor) Tel: +44 (0)20 7600 1658

Marc Young / Henrik Persson

Kreab Gavin Anderson (Financial PR) Tel: +44 (0)7775 992 415

Michael Turner