New US$3.4m follow-on rail order

Turbo Power Systems Inc

("TPS" or the "Company")

New US$3.4m follow-on rail order

TPS, the innovative high-speed electrical machines and power electronic systems provider is pleased to announce that it has received further purchase orders from Bombardier Transportation worth US$3.4m.

In the seven years since the TPS won its initial order from Bombardier Transportation, in support of their contract with the Toronto Transit Commission (TTC), TPS has already supplied Bombardier over 700 auxiliary power electronics units for train sets. These units form a key part of a distributed power system throughout the train providing a source of quality power for sub-systems such as the air-conditioning equipment.

The TTC is a public transport authority that operates buses, streetcars, subways, and rapid transit lines in Toronto, Ontario, Canada. The TTC is the third largest agency in North America, serving over 430 million passengers each year.

This is a follow-on order for further auxiliary power units not covered by the initial contract, and is expected to be fulfilled during 2014 and 2015.

Carlos Neves, Chief Executive of Turbo Power Systems said:

"We are delighted that Bombardier Transportation has chosen to order further units. Before this extension, we had already supplied over 700 units and are pleased to be providing more. Whilst this purchase order was included in our expectations for 2014 and 2015, it is very pleasing to have reaffirmed our relationship with Bombardier Transportation and to once again received the validation that it gives to the equipment that we supply."

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