Turbo Power Systems Share Discussion Threads

[jab118] 07/4/2011 13:52

Well how I see it court, is we hit a high every-time there's a new contract signed then the traders sell after, could be a recovery stock, my broker seems to think so, then a gain that's only his professional opinion..;-)

[court_out] 07/4/2011 11:53

With the new CEO to focus the minds and the "Strategic Direction" comments from the results RNS of 31 March 2011.

Is TPS a recovery stock for the "bottom draw" ???

We shall see.

[jab118] 07/4/2011 09:51

court

they're definitly winning some contracts of late, this could well be on the turn.

GL. ;-)

[court_out] 07/4/2011 08:31

good, keep them coming.

[fredd] 07/4/2011 07:12

Another one:

TIDMTPS

RNS Number : 4577E

Turbo Power Systems Inc

07 April 2011

Turbo Power Systems Inc

("Turbo Power Systems" or "TPS")

Bombardier Monorail Project - Sao Paulo

Turbo Power Systems is delighted to announce the award of a contract from Bombardier Transport for the design, development and supply of 380 off Auxiliary Power Unit Systems for theSao Paulo Expresso Tiradentes Monorail Project in Brazil to a value of US $13m.

A Letter of Intent has been issued and accepted. Full contractual documents will be issued following formal agreement of terms and conditions which are in the process of being finalised.

Delivery of prototype units will be in November 2011. Thereafter, delivery of production units will commence and be completed in 2013. It is anticipated that final assembly of production units will be equally shared between TPS in the UK and Vale Solucoes Em Energia S.A. ("VSE"), under licence, in Brazil. This production sharing arrangement is the first commercial collaboration between VSE and TPS under the Agency Agreement announced on 1 December 2010.

VSE is a related party for the purposes of the AIM Rules for Companies as the parent company of TAO Sustainable Power Systems Limited ("TAO"), which in turns holds 75.4% of the issued share capital of TPS.

The commercial terms of the shared final assembly arrangement between VSE and TPS have yet to be concluded. The conclusion of a final agreement with VSE will be subject to TPS' independent director, Ric Piper, after having consulted with finnCap Ltd, the Company's nominated adviser, considering that the terms of the transaction being entered into with VSE are fair and reasonable insofar as the Company's shareholders are concerned. The conclusion of this agreement will be notified to shareholders in due course.

For further information, please contact:

Turbo Power Systems Inc. Tel: [phone]
Jim Vickerman

[sunny sid] 04/4/2011 17:22

Wonder how the relationship with Lotus stands at present.

If viable, there could be interesting opportunities afoot here: [NB on FT.com, you may have to log-in temporarily to read]

Be lucky

Sid

[court_out] 31/3/2011 10:41

New CEO as well...


RNS Number : 9669D
Turbo Power Systems Inc
31 MARCH 2011


As announced in February 2011, Peter Brown will be appointed as Chief Executive Officer of the Company. He will take up the position in May 2011, succeeding Jim Vickerman who has held the Chief Executive position since October 2010 on an interim basis. Jim will revert to his prior role as a Non Executive Director.

Peter has 21 years of experience in the engineering and manufacturing industry with Vickers plc and latterly with Rolls Royce plc, where he is currently responsible for a global portfolio of products and services for the oil, gas and power generation markets. A Chartered Management Accountant, Peter has successfully managed significant growth in the business segments over which he had responsibility during his time at Vickers plc and Rolls Royce plc.

Under Peter's leadership of the Executive Team, the Board's challenge for 2011 is to achieve significant progress towards making Turbo Power Systems a profitable business, one capable of sustaining organic growth."

...

[court_out] 31/3/2011 10:38

Yes, i'm interested in the recovery prospects. Some copy from todays RNS.

Looking ahead, of course...


RNS Number : 9669D
Turbo Power Systems Inc
31 MARCH 2011
"TPS" RESULTS FOR THE YEAR AND QUARTER ENDED 31 DECEMBER 2010

New orders were won, with customer-funded development of both electrical machines and power electronics systems. Whilst turnover declined by 19% to GBP8.5 million, orders were up 10% to GBP8.4 million.


Strategic Direction

We are intent on remaining a technology led company, and have further strengthened the technical team with a number of key appointments to ensure we support relationships with science based corporations who have demanding applications for our technologies.

As such, the business continues to pursue applications for its leading technologies and to leverage its relationship with TAO UK and its parent VSE, which is headquartered in Brazil. Encouragingly we are already seeing an increasing number of system based enquiries, and we have a firm belief that the marketplace has now recognized the value of our technology and we anticipate new orders resulting from this.

Accordingly, the rapidly developing market place for advanced technologies in Brazil offers many exciting opportunities and in the coming year we expect to see tangible results from the Agency Agreement signed with VSE, which was announced in December 2010. Equally there are active opportunities on almost every continent and we are beginning to see clear signs that confidence is returning to our market places.

Operationally our emphasis upon developing Integrated Systems demands that our two sites at Gateshead and Heathrow will work more closely together, functioning as one engineering team. We also recognize that our customer base is increasingly keen to secure regional manufacture capability outside the UK. We are taking steps to seek to ensure that TPS is commercially and operationally capable of responding positively.


Current Operating Climate

The resilience of the transport market and the recovery in the industrial sector have significantly assisted TPS maintain a strong manufacturing output during 2010, and we anticipate this will be further supported during 2011 by the increased order book and the completion of delayed development programmes.

The industrial sector has recovered well with increased production volumes achieved in 2010 and good prospects for the remainder of this year for our laser power suppliers and motors/drives for other industrial applications.

Governments are continuing to invest in infrastructure projects and, indeed, see transport initiatives such as new rail programmes as a way of helping to sustain their industries whilst providing necessary public transportation and having a positive effect on the environment.

In the defence arena the Company has identified specialist pockets of growth potential in areas where TPS technology can be applied. We have been able to initiate contact with potential future partners and will continue to investigate this market further and hope to see increased activity during the coming years.

...

[jab118] 31/3/2011 09:48

court_out.

seems like the jury is still out as well, although, I believe this company is turning around slowly and will soon be racking it in with the good products they have on sell, also the trials of the defense department close to do ahead this year, one to watch or buy and wait, lots of encouraging points in today's statement, just needs a bit of ram-ping in the right places and this will be off, AIMO of-course...;-)

[court_out] 25/3/2011 19:37

New contract gets a mention...


From UK-Analyst.com: Friday 25th March 2011

Small Caps, AIM and PLUS

Turbo Power Systems (TPS) has received orders from Gebr. Becker Gmbh in Germany and S2M in France to a combined value of 1.7 million pounds for the supply of 500 Electrical Machines and Drives. Deliveries are planned to commence in the second half of 2011 and to complete in 2012. Shares in Turbo gained 0.125p to 1.05p.

[jab118] 25/3/2011 15:35

topinfo you have a few here i see ;-)

[barnetpeter] 25/3/2011 13:08

Tiny mkt cap for size of order. Perfectly placed for big rally.

[topinfo] 25/3/2011 13:02

DJ Turbo Power Systems Inc Contract Win

TIDMTPS

RNS Number : 6594D

Turbo Power Systems Inc

25 March 2011

25 March 2011

Turbo Power Systems Inc

("Turbo Power Systems" or "TPS" or "Company")

Contract Win

TPS is pleased to announce the receipt of orders from Gebr. Becker Gmbh in Germany and S2M in France to a combined value of GBP1.7M for the supply of 500 Electrical Machines and Drives.

Deliveries are planned to commence in the second half of 2011 and to complete in 2012. The products are for industrial lasers manufactured by Becker for a global market.

For further information, please contact:

Turbo Power Systems Inc. Tel: [phone]

Jim Vickerman, Interim CEO

FinnCap (NOMAD, broker and financial advisor) Tel: [phone]

Marc Young / Henrik Persson

Kreab Gavin Anderson (Financial PR) Tel: [phone]

Ken Cronin / Michael Turner

This information is provided by RNS

The company news service from the London Stock Exchange

[bones698] 24/3/2011 10:16

departure of cfo is never usually a good thing, very wary when that happens tbh.

[bobro35] 22/3/2011 23:52

Watch this space, things are happening!

[nigelc43] 21/1/2011 15:54

Hello Jab

Any idea whats causing the rise?

I have known this company for quite a while now, never got round to buying any.

Providing Planet x stays away, i might get a few.

[jab118] 21/1/2011 09:52

anyone watching this rise today ? ;-)

[jab118] 08/12/2010 15:10

Good volume buys and sells, based on the gains it's looking very encouraging,

Even more trades than this time yesterday ;-)

[scott84] 07/12/2010 15:25

But looks our friend has already sold as he's frantically pumping Mbw
but nothing to say on all of these rises :-))

[scott84] 07/12/2010 15:24

Decimal on the leaders board, you know the chasers will go for it Jab.

Volume is too small to think anything else.

[jab118] 07/12/2010 15:21

The jury is still out Jab.

Then what jury is buying in Scott ? ;-)

[jab118] 07/12/2010 13:37

I respect that comment Scott, and I'm fully aware of their history, I also have thoughts of the previous board, and also my opinion of their technology might have been invented and developed before it's time of need, however we now have demand due to the whole world changing course...;-)