Turbo Power Systems Inc.
TSX : TPS
AIM : TPS

Turbo Power Systems Inc.

December 01, 2010 02:00 ET

Turbo Power Systems Inc. ("TPS" or "The Company") Exclusive Agency Agreement for Latin America

LONDON, UNITED KINGDOM--(Marketwire - Dec. 1, 2010) - Turbo Power Systems (TSX:TPS) (AIM:TPS) the innovative power generation and conditioning equipment supplier, is pleased to announce that it has entered into an exclusive agency distribution agreement with VSE to market, promote, commercialize and sell TPS's products and services throughout Latin America. TPS does not currently make any material sales within the Latin American territory and therefore partnering with a well placed industrial technology company such as VSE is attractive to TPS. VSE operates out of Brazil and has reach across a variety of industrial sectors throughout Latin America.

Jim Vickerman, Interim Chief Executive Officer of TPS commented:

"This agency agreement is an exciting collaborative initiative with VSE and we look forward to exploring opportunities to deliver product and services across a large number of end markets with significant potential for our technologies and services."

VSE is the Parent Company of TAO Sustainable Power Solutions (UK) Limited ("Tao") which holds 75.3% of the current issued equity of TPS. As such any material contracts engaged under this agreement will likely constitute Related Party transactions as defined by the AIM Rules. 

Contact Information

  • Turbo Power Systems Inc.
    Jim Vickerman
    CEO
    +44 (0)20 8564 4460
    or
    Turbo Power Systems Inc.
    Richard Bayliss
    CFO
    +44 (0)20 8564 4460
    or
    FinnCap (NOMAD, broker and financial advisor)
    Marc Young
    +44 (0)20 7600 1658
    or
    FinnCap (NOMAD, broker and financial advisor)
    Henrik Persson
    +44 (0)20 7600 1658
    or
    Kreab Gavin Anderson (Financial PR)
    Ken Cronin
    +44 (0)20 7074 1800
    or
    Kreab Gavin Anderson (Financial PR)
    Michael Turner
    +44 (0)20 7074 1800