Turbo Power Systems Inc.
TSX : TPS
AIM : TPS

Turbo Power Systems Inc.

August 15, 2008 02:00 ET

Turbo Power Systems Announces New Rail Contract

CALGARY, ALBERTA--(Marketwire - Aug. 15, 2008) - Turbo Power Systems Inc ("TPS") (TSX:TPS) (AMEX:TPS), the innovative electrical machines and electronic systems provider, today announces that it has received a new contract order from Bombardier Derby for the supply of Battery Chargers for their new generation of BOMBARDIER TURBOSTAR trains.

The contract, which is valued in excess of Pounds Sterling 600,000, is for 93 off units. These units maintain the charge in the railcar batteries packs, providing back-up power to the lighting, emergency and ancillary systems in the event of a main power failure. This equipment is an updated version of an established product previously supplied to Bombardier.

Deliveries are scheduled to commence in January 2009 and will be built into TURBOSTAR trains being supplied to leading rolling stock leasing companies, Angel Trains and Porterbrook.

Commenting on the initial contract, Paul Summers, Chief Executive Officer of Turbo Power Systems, said:

"This new contract with Bombardier is another good example of the way in which TPS through its technology has been able to establish itself as a reliable and trusted supplier to the leading players in the rail sector and attract orders from blue chip customers."

BOMBARDIER and TURBOSTAR are trademarks of Bombardier Inc. or its subsidiaries.

NOTES TO EDITORS

About Turbo Power Systems

Turbo Power Systems Inc (TSX:TPS) (AIM:TPS). 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.

Contact Information

  • Turbo Power Systems
    Paul Summers
    Chief Executive Officer
    +44 (0)20 8564 4460
    or
    Turbo Power Systems
    Richard Bayliss
    Finance Director
    +44 (0)20 8564 4460
    or
    Gavin Anderson & Company (PR)
    Ken Cronin
    +44 (0)20 7554 1400
    or
    Gavin Anderson & Company (PR)
    Michael Turner
    +44 (0)20 7554 1400
    or
    KBC Peel Hunt
    Oliver Scott
    +44 (0)20 7418 8900
    or
    KBC Peel Hunt
    Nicholas Marren
    +44 (0)20 7418 8900