Turbo Power Systems Share Discussion Threads

[cliveas] 17/12/2014 08:05

So still fully supported by parent company

The directors of TPS (the "Directors") have reviewed the sales pipeline and the Company enters the new financial year with optimism. Accordingly, the extension to the Existing Debt has been sought in order to support the Company's increased forecast working capital requirements in meeting increasing customer demand.

Furthermore, the Directors intend to increase relevant research and development activities in the new year in a disciplined fashion, consistent with the Board's strategy of maintaining a considered approach to costs.

Sounds like there is quite a lot in the pipeline and upping the R&D budget all bodes well!

Expect further news re contracts in New Year and profitable in 4th qtr!

GL & ATB

[cliveas] 17/12/2014 07:56

RNS

Amended Loan Agreement

TPS, the innovative electrical machines and electronic systems provider, announces an extension to its existing loan agreement with TAO Sustainable Power Solutions (UK) Limited ("Tao") (the "Existing Debt").

The directors of TPS (the "Directors") have reviewed the sales pipeline and the Company enters the new financial year with optimism. Accordingly, the extension to the Existing Debt has been sought in order to support the Company's increased forecast working capital requirements in meeting increasing customer demand.

Furthermore, the Directors intend to increase relevant research and development activities in the new year in a disciplined fashion, consistent with the Board's strategy of maintaining a considered approach to costs.

Extension Loan

TPS' wholly owned UK subsidiary, Turbo Power Systems Limited ("TPSL"), has today entered into an agreement to extend the Existing Debt provided by Tao to TPSL by a total of £0.59 million (the "Extension Loan"), bringing the total value of the TPSL's borrowings from Tao to £10.48 million. The Extension Loan will be drawn down by 31 December 2014. Neither TPS nor TPSL have any borrowings other than those from Tao.

The Extension Loan represents an amendment to the agreement in respect of the Existing Debt and accordingly, the terms of the Extension Loan mirror those of the Existing Debt notably that it will be repayable on 1 April 2016, carries an annual interest rate of 6.0%, payable quarterly in arrears and be secured on the assets of TPSL.

Related Party Transaction

Tao holds 89.4% of the issued share capital of the Company, and is therefore a related party for the purposes of the AIM Rules for Companies ("AIM Rules"). Accordingly, the entry into the agreement with Tao as set out above constitutes a related party transaction for the purpose of the AIM Rules.

The Company's independent director consider, having consulted with finnCap Ltd, the Company's nominated adviser, that the terms of the transaction set out above are fair and reasonable insofar as the Company's shareholders are concerned.

[cliveas] 19/11/2014 11:52

breakeven this quarter profit next quarter imho!

[le mass du pap] 19/11/2014 10:05

It will rise in time. The results are very good and show the company is going in the right direction. In fact if you extrapolate the figures then it should be profitable in the next quarter or two. The mm's are just trying to stop the traders pumping and dumping as we saw the other day. If you too think the company is going in the right direction then it shouldn't matter what the spread is because 0.45p on the offer is still a bargain. Could be at the start of an uptrend here. Aimho, dyor, etc...

[le mass du pap] 19/11/2014 07:56

Very positive results

[jon12345] 18/11/2014 14:41

another board confirmed results will be this week so happy days

[jon12345] 18/11/2014 14:17

cheers lmdp look forward to tomorrow.

btw why wasn't this rns'd? huge news potentially................

Calnetix License Technology for Oil & Gas Industry-related Products -

CERRITOS, Calif., Oct. 27, 2014 /PRNewswire/ -- Calnetix Technologies, a world leader in high-speed permanent magnet motor generators, power electronics and magnetic bearings for a variety of applications and industries, announced today an intellectual property license agreement with UK-based Turbo Power Systems (TPS).

The agreement grants Calnetix a license to use TPS Megawatt class electric motor technology, power electronics and control software for oil and gas applications throughout the world, including the right to create new designs, products and processes derived from the licensed technology.

"While similar to our own technology, TPS's high-speed machines and power electronics offer some unique benefits for applications in oil and gas" said Calnetix's Chief Technology Officer Patrick McMullen. "Engaging in this licensing agreement will accelerate our development and production times to bring a range of state-of-the-art products to the oil and gas industry."

TPS designs and manufactures high-performance electric motors, generators, drives and power electronics for original equipment manufacturers, system integrators and end-users in industrial, energy, transportation and defense industries. The technology licensed to Calnetix has been utilized in a wide array of industrial applications.

[le mass du pap] 18/11/2014 14:07

Scroll down to the bottom here jon. Next earnings announcement 11/19/2014(US date style).

In other words tomorrow!!

[cliveas] 17/11/2014 20:16

Agree a big fat crossrail order would do just fine!

[le mass du pap] 17/11/2014 08:27

Where are these 3rd quarter results? Must be something going on to delay them, lets hope it's the mega deal. Aimho, dyor, etc..

[cliveas] 14/11/2014 07:52

Hoping for some more details re licence agreement although they did state it was confidential. note Calnetix is a world leader!
October 27, 2014

Calnetix Licenses Technology for Oil & Gas Industry-related Products

Cerritos, California – October 27, 2014 – Calnetix Technologies, a world leader in high-speed permanent magnet motor generators, power electronics and magnetic bearings for a variety of applications and industries, announced today an intellectual property license agreement with UK-based Turbo Power Systems (TPS).

The agreement grants Calnetix a license to use TPS Megawatt class electric motor technology, power electronics and control software for oil and gas applications throughout the world, including the right to create new designs, products and processes derived from the licensed technology.

“While similar to our own technology, TPS’s high-speed machines and power electronics offer some unique benefits for applications in oil and gas” said Calnetix’s Chief Technology Officer Patrick McMullen. “Engaging in this licensing agreement will accelerate our development and production times to bring a range of state-of-the-art products to the oil and gas industry.”

TPS designs and manufactures high-performance electric motors, generators, drives and power electronics for original equipment manufacturers, system integrators and end-users in industrial, energy, transportation and defense industries. The technology licensed to Calnetix has been utilized in a wide array of industrial applications.

About Calnetix Technologies

Calnetix Technologies, LLC (“CalnetixR21;), headquartered in Cerritos, California, is focused on Innovation That Drives Industries™. The company specializes in high-performance, high-speed motor generators and best-in-class advanced magnetic bearings and control systems. Calnetix’s patented, underlying technologies, which have been in use since the company’s inception in 1998, have made Calnetix a world leader in the design and production of high-speed machines. The company’s overall technology portfolio and system integration capabilities have led to development and production contracts with industry leaders and the start of many successful subsidiaries that focus on unique niche markets. For more information, please visit www.calnetix.com.

[cliveas] 14/11/2014 07:38

Looks like Monday it is then!

wouldn't want to be out of this over the weekend LOL!

[jon12345] 13/11/2014 10:54

or another massive spike. expect this to get really exciting this afternoon

[cliveas] 13/11/2014 10:24

Start of an uptrend?

[le mass du pap] 13/11/2014 10:21

Nice break...


free stock charts from uk.advfn.com

[le mass du pap] 13/11/2014 10:00

Something's cooking!

[cliveas] 13/11/2014 09:54

Ask now at 0.4 on two small buys.

Now expect update monday

Licencing agreement could be worth millions or am I way out here?!

Uk power network contract will open the door to the whole national grid

only 11% in freefloat

ATB GL

[cliveas] 13/11/2014 07:45

Quarterly update

Still awaited.

Think there is going to be lots of good news on all fronts and maybe waiting to include some new contract.

ATB

[le mass du pap] 12/11/2014 08:47

Where are these 3rd quarter results? Are they being held back for some news?

[le mass du pap] 04/11/2014 11:50

All these piddly little sells, 8k is £24 worth, minus the fee and it's hardly worth it, same with the 7k. Sick of all this 'confidentiality' regarding deals, we're shareholders ffs so we should know. Because 93% of shares are in company hands they don't really pander to us little lot.