Turbo Power Systems US$2.4million Purchase Order

21 March 2013

Press Release

Turbo Power Systems Receive $2.4 million Purchase Order from McQuay

Turbo Power Systems Inc ("TPS" or "the Company") is pleased to announce the receipt of a US$2.4 million follow-on purchase order from McQuay International, USA (a member of the Daikin Group), for the supply of electrical machines and drive units.

This order follows previous orders from McQuay International, the most recent of which is a US$5.4 million award secured in May 2011 that is due to be completed in mid-2013. Deliveries under the new purchase order commence in 2013 and will be completed during 2014.

McQuay International delivers engineered, flexible solutions for commercial, industrial and institutional heating, ventilation and air conditioning ("HVAC") requirements.

Carlos Neves, Chief Executive of Turbo Power Systems said:

"We are delighted to have secured this important order from McQuay International, which further extends Turbo Power Systems relationship, established over the past eight years. Whilst this particular order is in line with the Board's expectations for the financial year, we are pleased that it reaffirms our view that our core markets are yielding revenue opportunities."

For further information please contact:

Turbo Power Systems Inc. Tel: +44 (0)20 8564 4460

Carlos Neves, CEO

Charles Rendell, CFO

FinnCap (NOMAD, broker and financial advisor) Tel: +44 (0)20 7220 0500

Ed Frisby, Henrik Persson

Kreab Gavin Anderson Tel: +44 (0)20 7074 1800

Robert Speed