23rd Jan 2008 07:00
Turbo Power Systems Inc23 January 2008 23rd January 2008 TURBO POWER SYSTEMS ANNOUNCES FURTHER PRODUCTION ORDERS FROM NATIONAL RAIL EQUIPMENT COMPANY Turbo Power Systems Inc ("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 $1.1M from theNational Rail Equipment Company (USA). These follow-on orders for traction motor controllers and low voltage powersupply units used in NREC's successful low emissions, fuel efficientlocomotives, are scheduled for delivery during the first half of 2008. In addition to these ongoing requirements, TPS has recently delivered a newprototype system, which is currently undergoing commissioning at NREC facilitiesin North America. Commenting on the orders, Michael Hunt, Chief Executive Officer, said: "NREC has become a very significant customer for TPS and we are pleased to be acontinuing part of their product development programme as well as a key supplierto their existing and successful locomotive production." 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 Scott Company Website: www.turbopowersystems.com About Turbo Power Systems Turbo Power Systems Inc (AIM:TPS.L). is a leading UK based designer andmanufacturer of innovative power solutions. The Group's products are all basedon its core technologies of power electronics and high speed motors andgenerators and are sold into a number of market sectors including aerospace,rail, and various industrial sectors. The Company's products provide improvedefficiency and reduced energy consumption compared to existing technologies. Turbo Power System's existing customers include bluechip companies such asHamilton Sundstrand, Bombardier, The National Rail Equipment Company, EatonAerospace and Lotus. 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:
TPS.L