Turbotec Products Plc
$700,000 New Order win
Supply of enhanced heat transfer tubing to low emissions boiler manufacturer
Turbotec Products Plc ("Turbotec"), a leader in enhanced heat transfer
technology which was admitted to AIM last month, announces that its US
operating subsidiary, Turbotec Products Inc ("TPI") has won a new order for the
supply of heat transfer tubing to a major existing US customer.
TPI estimates that the order will be fulfilled over the next 18 to 24 months
with a total contract value of up to US$700,000. For commercial reasons the
customer is not disclosed.
The application of the tubing is for a new low emission boiler that the
customer has recently introduced . The low emissions are to restrict the
release of Nitrous Oxides into the atmosphere while also providing a higher
efficiency boiler.
The new boiler is aimed at the commercial marketplace and is designed to meet
new emission standards rolling out across the US. TPI designed a new grooved,
stainless steel tube working closely with the Customer's engineering staff
earlier this year, specifically with the new emissions boilers in mind.
This marks the second tube design that TPI has developed for this customer.
Sunil Raina, Managing Director, Turbotec, commented:
"This order demonstrates our competitive position in the marketplace. Our
customer, as a leading player in our target market, approached us to develop a
new type of tubing specifically designed for its product. I believe that
Turbotec Products Inc is the only company in the world capable of meeting a
challenge such as this when set against their demanding specification."
9 June 2006
Enquiries:
Turbotec Products Plc +1 860 683 2005
Sunil Raina, Managing Director
Dawnay Day Corporate Finance Ltd +44 (0) 207 509 4570
Rod Venables
Nexus Financial Ltd +44 (0) 20 7451 7050
Nicholas Nelson Nicholas.nelson@nexusgroup.co.uk
About Turbotec:
Turbotec floated on the AIM Market of the London Stock Exchange in May 2006 in
conjunction with a share placing. The issue price was 85p.
Turbotec is the holding company for Turbotec Products Inc ("TPI"), an
established, profitable, specialist engineering business based in Windsor,
Connecticut, USA
TPI's business is the design, manufacture and marketing of technologically
advanced heat exchangers and value added metal tubing, components and systems
for a range of industries including the heating, air conditioning and
refrigeration industries.
Through its proprietary manufacturing processes, TPI is able to convert mill
purchased metal tubing into special purpose spirally fluted (twisted), grooved
and coiled tubes and components that are sold to its customers for use in their
end products.
END
TURBOTEC PRODUCTS PLC