Turbo Genset Inc.

Turbo Genset Inc.

July 29, 2005 04:31 ET

Turbo Genset Wins $20 Million Boeing Dreamliner Contract Through Cobham

CALGARY, ALBERTA--(CCNMatthews - July 29, 2005) - Turbo Genset Inc. (TSX:TGN)(LSE:TGN)

FR-Hitemp, a strategic business unit within the Aerospace Systems Group of Cobham Plc, has selected Turbo Genset to supply the motor drive systems for their onboard fuel pumps on the Boeing 787 "Dreamliner".

The 787 "Dreamliner" is a family of mid-sized airplanes, which will provide exceptional fuel efficiency and passenger comfort. The aeroplane is planned to enter service in 2008, and has already generated a large number of confirmed orders from airlines around the globe. The pumps fuel and de-fuel the airplane, transfer fuel from the fuel tanks to the main engine, and jettison fuel when necessary.

The contract from FR-Hitemp, which includes development, production and aftermarket sales, is expected to be worth in the region of $20 million in total over a period of several years, depending on the final fleet size.

Michael Hunt, Chief Executive of Turbo Genset commented that "being asked to work on an international aerospace programme of this importance represents a strong endorsement of the power electronics skills at Gateshead supported by the electrical machines expertise at Heathrow. This contract win represents a significant step in the development of our electrical machines revenue stream."

Contact Information

  • Turbo Genset Inc.
    Stephen Sadler
    Chief Financial Officer
    +44 (208) 564 4460
    Gavin Anderson & Company (PR)
    Ken Cronin
    +44 (207) 554 1400