SOURCE: Turbo Power Systems Inc

June 20, 2012 02:09 ET

Turbo Power Systems Inc Announces Board Changes

WHITEHORSE, YT--(Marketwire - Jun 20, 2012) -

20 June 2012

                        Turbo Power Systems Inc.
                        ("TPS" or the "Company")

                            Board Changes

TPS, the innovative electrical machines and electronic systems
provider, announces the appointment of Mr Carlos Neves as Chief
Executive Officer.

After having worked in the energy industry for over 20 years, including
positions with ExxonMobil in Brazil, Argentina and USA, and more
recently, within Corporate Planning for Cosan in Brazil, Carlos joined
TPS in September 2011 as Chief Financial Officer. In this position, he
has been part of the management team that has implemented many
operational and financial improvements across TPS since his

Carlos succeeds Mr Peter Brown, who has resigned from his role as Chief
Executive Officer and as a director of the Company and its subsidiary
for personal reasons, with effect from 30 June 2012.

In addition, Mr Charles Rendell, currently Vice-President of Finance at
the Company, will be appointed as Chief Financial Officer on 1 July
2012. A chartered accountant by training, Mr Rendell, 46, has over 20
years' experience in technology companies, latterly with ARC
International plc.

James Pessoa, Chairman of TPS, said:"We would like to thank Peter for his
significant contribution to the
growth of the business over the last year. We wish him every success in
his future career.

Carlos has brought a strategic and analytical prospective to the future
growth prospects of TPS. I am confident that he will continue to make
a strong contribution and lead TPS as we continue to refocus and build
the business."

As neither Mr Neves nor Mr Rendell are proposed to be appointed to the
Board of TPS, there are no details to be disclosed pursuant to Schedule
2G of the AIM Rules.

For further information, please contact:

Turbo Power Systems Inc.   Tel: +44 (0)20 8564 4460
Carlos Neves

FinnCap                    Tel: +44 (0)20 7600 1658
Marc Young/ Henrik Persson

Kreab Gavin Anderson (PR)  Tel: +44 (0)20 7074 1800
Robert Speed/Georgia Lewis

                    This information is provided by RNS
          The company news service from the London Stock Exchange


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