15th Nov 2006 07:01
Turbo Power Systems Inc15 November 2006 Wednesday November 15th 2006 TURBO POWER SYSTEMS RECEIVES FURTHER RAIL ORDERS Bombardier Transport - Germany Turbo Power Systems ('The Company' or 'TPS') today announces that it has beenselected by Bombardier Berlin to supply a range of battery chargers for theirpassenger train programmes in Europe and Internationally. The agreement is foran initial period of three years commencing in November 2006 and combined annualquantities are expected to generate revenue of up to €1 million per annum overthat period. TPS will produce four different products using a common power module which isemployed in single and multiple configurations. The use of a common power moduleallows for greater flexibility in design and supply to Bombardier, as well ascreating manufacturing efficiencies for TPS. The battery chargers can be connected to a range of supplies, from 650V, 750V or1500V D.C. or 3 phase 400V A.C. depending on how the train is powered. They willbe used to charge batteries powering safety and emergency auxiliary equipmentsuch as lighting, evacuation systems and critical control systems. National Railway Equipment Company Further to the initial contract that the Company announced in February 2006,NREC has placed a US$700,000 follow on order for traction electronics fordelivery in early 2007. The low emissions locomotive design, which also reduces fuel consumption by inexcess of 20%, is generating considerable interest in North America and ininternational markets including Australia, Eastern Europe and Turkey. Commenting on these orders, Michael Hunt Chief Executive Officer said,: "We are pleased to announce these orders which continue the growth of our railelectronics business. The long term supply agreement with Bombardier representsa further expansion into the European market following on from our recentlyannounced contracts with Trans Elektro in the Netherlands. For further information, please contact: Turbo Power Systems Inc Tel: +44 (0)20 8564 4460Michael Hunt, Chief ExecutiveStephen Sadler, Chief Financial Officer Gavin Anderson & Company (PR) Tel: +44 (0)20 7554 1400Ken CroninMichael Turner KBC Peel Hunt Oliver Scott Tel: +44 (0)20 7418 8905 Company Website: www.turbopowersystems.com 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. 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. About National Railway Equipment Co. National Railway Equipment Co., headquartered in Mt. Vernon, Illinois, is aprivately-owned network of vertically integrated manufacturing sites providingquality products and services to the global rail transportation industry.Founded by Lawrence Beal in 1984, National Railway Equipment Co. has grown tobecome the world's largest supplier of remanufactured locomotives; new andrebuilt mechanical materials; electrical systems and components; locomotivefield service; and technical support. With nine facilities, NREC encompassesover 275 acres and more than 1,330,000 square feet under roof to service itscustomers with the best equipped shops in the industry. 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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