Turbo Genset Inc.

Turbo Genset Inc.

October 07, 2005 02:05 ET

Turbo Genset Wins New Train Air Conditioning Contract

LONDON, UNITED KINGDOM--(CCNMatthews - Oct. 7, 2005) - Turbo Genset Inc. (TSX:TGN) (LSE:TGN), the innovative power generation and power conditioning equipment provider announced today that they have been selected by Trans Elektro B.V. to provide 6kVA Power Converters for installation as part of air conditioning systems to be supplied to Nedtrain, the Dutch rail operator. These converters take high voltage electricity from the track to provide a high quality AC supply to power Trans Elektro's air conditioning units. The contract value is of the order of Pounds Sterling 0.5 million, to be delivered in 2006.

This is Turbo Genset's second success in the train air conditioning market. In October 2003, the Company announced a Pounds Sterling 1.9 million order to provide 150 6kVA Power Converters for installation on the London Underground D class rolling stock, specifically for District Line driver cabs.

Commenting on this order, Michael Hunt, Chief Executive Officer, said:

"The requirement for air conditioning in Europe's trains is increasingly becoming a necessity, one which we are well placed to service". "This is our first order for mainland Europe in this market underlining the increasingly global nature of our business."

Trans Elektro B.V. was established in the Netherlands in 1985 and is a manufacturer and importer of industrial air conditioning components and systems that are used for industrial markets including railways, cranebuilding, special machines, shipping and military.

Trans Elektro already has over 1,000 air conditioning systems operating in trains, metros and trams throughout Europe including the Netherlands, Belgium, Austria and Finland.

NedTrain is part of Nederlandse Spoorwegen, headquartered in Utrecht, with 38 overhauling, maintenance and service businesses active throughout the Netherlands.

NS transports a million passengers a day in the Netherlands in 5,000 trains on 2,800 km of railway track. In Great Britain, NS subsidiary NedRailways, together with its partner Serco, is responsible for transport around Liverpool (Merseyrail) and in the north of England (Northern Rail): a total of 270,000 passengers a day passing through 500 stations.

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.

Contact Information

  • Gavin Anderson & Company (PR)
    Ken Cronin
    +44 (0)20 7554 1400
    Gavin Anderson & Company (PR)
    Michael Turner
    +44 (0)20 7554 1400
    Turbo Genset Inc.
    Stephen Sadler
    Chief Financial Officer
    +44 (0)20 8564 4460
    Turbo Genset Inc. Canada
    Richard Kapuscinski
    +1 (905) 690 1722
    Website: www.turbogenset.com