23rd January 2008

 

 

 

 

 

Turbo Power Systems Inc ("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 $1.1M from the National Rail Equipment Company (USA).

These follow-on orders for traction motor controllers and low voltage power supply units used in NREC's successful low emissions, fuel efficient locomotives, are scheduled for delivery during the first half of 2008.

In addition to these ongoing requirements, TPS has recently delivered a new prototype system, which is currently undergoing commissioning at NREC facilities in North America.

Commenting on the orders, Michael Hunt, Chief Executive Officer, said:

"NREC has become a very significant customer for TPS and we are pleased to be a continuing part of their product development programme as well as a key supplier to their existing and successful locomotive production."

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

Company Website: www.turbopowersystems.com

About Turbo Power Systems

Turbo Power Systems Inc (AIM:TPS.L). is a leading UK based designer and manufacturer of innovative power solutions. The Group's products are all based on its core technologies of power electronics and high speed motors and generators and are sold into a number of market sectors including aerospace, rail, and various industrial sectors. The Company's products provide improved efficiency and reduced energy consumption compared to existing technologies.

Turbo Power System's existing customers include bluechip companies such as Hamilton Sundstrand, Bombardier, The National Rail Equipment Company, Eaton Aerospace and Lotus.

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.

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