Turbo Power Systems Inc.
TSX : TPS
AIM : TPS

Turbo Power Systems Inc.

June 07, 2007 09:43 ET

Turbo Power Systems: Appointment of Non Executive Director

CALGARY, ALBERTA--(Marketwire - June 7, 2007) - The Board of Turbo Power Systems (TSX:TPS) (AIM:TPS) ('TPS' or 'the Company'), the innovative power generation and conditioning equipment supplier, is pleased to announce that Dr. Graham Kenneth Thornton has agreed to join the Board as a Non-Executive Director, with immediate effect.

Graham has over 16 years experience in the aerospace sector working for market leading companies such as TRW Aeronautical Systems, where he was VP Business Development, and the Smiths Group PLC. He has also worked as an independent consultant to a number of the worlds most prestigious defence and high technology companies. Graham is currently the Managing Director of Northrop Grumman UK.

Dr. Thornton, aged 59, is a chartered physicist and chartered mechanical engineer. He is a fellow of the Royal Aeronautical Society, a fellow of the RSA and a council member of the Society of British Aerospace Companies. He is a physics graduate and has a PhD in Cryogenic Engineering from Southampton University. From 1975 to 1984 he lectured in Engineering Science at Oxford University.

Dr. Thornton owns 252,000 Common Shares in Turbo Power Systems Inc. representing approximately 0.1% of issued share capital.

Commenting on the appointment, Colin Besant, Chairman said: "We are delighted to welcome Graham to the Board. His experience, expertise and contacts in the international aerospace industry will be extremely valuable to TPS as we seek to build further on the contracts we have already won in this important market sector."

In the last two years TPS have announced contracts worth in excess of USD $45 million with Hamilton Sundstrand and Eaton Aerospace to supply components for the Boeing 787 'Dreamliner'' plane. The Company has also received its AS9100 certificate from the accreditation body NQA, confirming that its Quality Systems are approved for aerospace electronics applications.

In accordance with Schedule 2(g) of the AIM Rules, the following information in relation to the appointment of Dr Thornton is disclosed:

Current directorships and partnerships:

Conditioning Monitoring Technologies Limited

Society of British Aerospace Companies Limited

NGC UK Limited

Northrop Grumman UK Limited

Previous directorships and partnerships held in the past five years:

High Integrity Solutions Limited

There are no other matters which are required to be announced as required under Schedule 2(g) of the AIM Rules.

NOTES TO EDITORS

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 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

Contact Information

  • Turbo Power Systems
    Michael Hunt
    Chief Executive Officer
    +44 (0)20 8564 4460
    or
    Turbo Power Systems
    Stephen Sadler
    Chief Financial Officer
    +44 (0)20 8564 4460
    Website: www.turbopowersystems.com
    or
    Gavin Anderson (PR)
    Ken Cronin
    +44 (0)20 7554 1400
    or
    Gavin Anderson (PR)
    Michael Turner
    +44 (0)20 7554 1400
    or
    KBC Peel Hunt
    Oliver Scott
    +44 (0) 20 7418 8900