New customer contract

Turbo Power Systems

New customer contract

Turbo Power Systems Inc ("TPS" or "the Company") is pleased to announce that it has signed a contract with Scomi Engineering Bhd ("Scomi Engineering") a Malaysian public listed company, to supply auxiliary power units and battery chargers for 12 new monorail vehicles that Scomi Engineering is building for its project in Kuala Lumpur.

Scomi Engineering is a new OEM customer for the Company and extends the number of train builders that the Company supplies. This relationship will enhance the Company's customer diversification and global reach.

Deliveries will commence during 2013 and the value of the contract was included in the Company's existing forecasts. TPS already supplies auxiliary power systems to several monorail projects, including other clients in São Paulo, Brazil, where efficient lightweight systems are considered critical.

Carlos Neves, Chief Executive of Turbo Power Systems said:

"We are pleased to become a trusted supplier to Scomi Engineering which has operations around the world that mirror our own strategic global markets. This contract demonstrates the flexibility and ability of our product range to serve customers in multiple geographies and address differing requirements for their power systems."

For further information, please contact: