Contract Win
August 15 2007 - 3:02AM
UK Regulatory
RNS Number:1129C
Turbo Power Systems Inc
15 August 2007
15th August 2007
TURBO POWER SYSTEMS ANNOUNCES FURTHER PRODUCTION ORDERS FROM NATIONAL RAIL
EQUIPMENT COMPANY
Turbo Power Systems Plc ("TPS"), the innovative electrical machines and
electronic systems provider, is pleased to announce that its Power Electronics
division has received further orders with a combined value of $3M from the
National Rail Equipment Company (USA).
The bulk of these additional orders, for the traction motor controllers and low
voltage power supply units used in NREC's successful low emissions, fuel
efficient locomotive, are expected to be completed by the end of 2007.
Commenting on the orders, Michael Hunt, Chief Executive Officer, said:
"The continued success of NREC to win new customers and build the reputation of
their innovative locomotive design is very encouraging and TPS is very pleased
to be partnered with such an increasingly important customer".
For further information, please contact:
Turbo Power Systems Tel: +44 (0)20 8564 4460
Michael Hunt, Chief Executive Officer
Stephen Sadler, Chief Financial Officer
Gavin Anderson & Company (PR) Tel: +44 (0)20 7554 1400
Ken Cronin
Michael Turner
KBC Peel Hunt Tel: +44 (0)20 7418 8900
Oliver Scott
Gordon Suggett
Company Website: www.turbopowersystems.com
About Turbo Power Systems
Turbo Power Systems Inc. designs and manufactures innovative power solutions
which provide local, high quality, controllable electrical power. The Group's
products are sold into a number of markets but are all based on its core
technologies of power electronics and high speed electrical machines. The
Company's products all have the common aim to provide improved efficiency and
reduced energy consumption compared to existing technology.
The Group operates across the following market sectors:
* Direct Drive High-Speed Electrical Machines and Electronics
* Specialist Drives and Motor applications (Aerospace, Oil and Gas)
* High Voltage Power Supplies, Auxiliary Power Systems, Grid-Connected
Inverters for Energy Recovery Systems and Renewable Technologies
Forward looking statements
This news release contains forward-looking statements. Forward-looking
statements include statements concerning plans, objectives, goals, strategies,
future events, or performance, and underlying assumptions and other statements
that are other than statement of historical fact. These statements are subject
to uncertainties and risks including, but not limited to, the ability to meet
ongoing capital needs, product and service demand and acceptance, changes in
technology, economic conditions, the impact of competition, the need to protect
proprietary rights to technology, government regulation, and other risks defined
in this document and in statements filed from time to time with the applicable
securities regulatory authorities.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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