9th Jan 2009 13:28
9 January 2009
Turbo Power Systems Inc
("Turbo Power Systems" or "TPS" or "Company")
Announcement of Impending Orders
The Company notes the recent increase in its share price and accordingly therefore wishes to announce the following information in advance of conclusion of the respective agreements.
The Company is in the final stages of completing an agreement which will result in the receipt of ongoing purchase order commitments from one of its industrial customers for electrical equipment supplies over the next two years in excess of US$4.0 million. This revenue forms part of the Group's original budget.
The Company is also in the final stages of concluding a US$1.6 million agreement with another customer, which will allow them access to certain design and manufacturing documentation of products being supplied to them under a separate agreement.
Further information on both of these will follow on completion of these agreements.
For further information please contact:
Turbo Power Systems Tel: +44 (0)20 8564 4460
Paul Summers, Chief Executive
Richard Bayliss, Finance Director
Gavin Anderson & Company (PR) Tel: +44 (0) 207 554 1400
Ken Cronin
Michael Turner
KBC Peel Hunt Tel: +44 (0) 207 418 8900
Oliver Scott
Nicholas Marren
Company Website: www.turbopowersystems.com
Related Shares:
TPS.L