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Turbotec Products(TRBO)

Sector:

Industrial Engineering

Market Cap

£10.31m

Change Today

0.000p

Share Price

80.50p

Re Agreement

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

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