Marketing Agreements
13 Novembro 2003 - 5:01AM
UK Regulatory
RNS Number:0134S
Turbo Genset Inc.
13 November 2003
TURBO GENSET INC ANNOUNCES TWO FURTHER CHANNEL PARTNERS
Turbo Genset Inc. ("Turbo Genset"), the innovative power generation and power
conditioning equipment provider, is pleased to announce two further channel
partners to market its products in Australasia and the Indian subcontinent.
Turbo Genset has signed a memorandum of understanding with TATA International
Limited to cover the development of innovative distributed generation products
and solutions for India, Sri Lanka, Bangladesh and Sub-Saharan Africa.
In phase one, the market development in India, Sri Lanka and Bangladesh will be
based on the import of the TGC range of products from the UK. In phase two,
after the volumes have been sufficiently raised, the progressive transfer of
subsystems for manufacture in India will be considered.
TATA International operates as the international business gateway for all the
TATA operating companies, and has an extensive global network.
The Company is also announcing today that it has signed a similar Memorandum of
Understanding with the Tyree Group. The Tyree Group is a privately owned and
operated business that has emerged as one of Australia's leading manufacturers
and distributors of electrical products and services. It has manufacturing and
distribution resources strategically located across Australia, New Zealand and
the broader Asia Pacific Region.
These two agreements now bring the number of channel partners to four and
includes Cupola Limited, a Middle Eastern industrial group, which intends to
market Turbo Genset products throughout the region and the Kadoorie family which
have agreed to assist the Company in the marketing of its products in China and
the Far East.
Commenting on these agreements, Colin Besant, Chairman, said:
"I am delighted to announce the agreements with TATA and Tyree, which together
with the other agreements we have signed this year gives us a very powerful
global marketing presence. The quality and size of our partners indicates the
substantial interest in our products and their absolute determination to help
solve some of the power requirement issues in these regions."
For further information, please contact:
Turbo Genset
Colin Besant, Chairman and Chief Executive Tel:+44 (0)20 8564 4460
Fraser Searle, Chief Financial Officer
Richard Kapuscinski, Business Development Tel: +1 (905) 690 1722
Gavin Anderson (PR)
Neil Bennett/Ken Cronin Tel:+44 (0)20 7554 1400
Seton Services (IR)
Toni Vallen Tel:+44 (0)20 7727 3073
Company Website: www.turbogenset.com
NOTES TO EDITORS
About Turbo Genset
Turbo Genset develops innovative products for power generation and power
conditioning. The Group was established in 1993 as a spin-off from Imperial
College, London and was floated on the London stock exchange in July 2000 and
soon after obtained a secondary listing in Toronto.
In July 2001, the Group acquired Intelligent Power Systems Limited (I-Power)
specialising in power electronics.
About Power Electronics
Power electronics products take a range of power inputs and condition them to
achieve outputs of precisely defined characteristics for applications such as
industrial lasers, Ultra Violet sterilization systems and railway power
electronics systems.
Forward Looking statements
This news release contains forward-looking statements. Forward-looking
statements include statements concerning plans, objectives, goals, strategies,
future events, or performance, and underlying assumptions and other statements
that are other than statement of historical fact. These statements are subject
to uncertainties and risks including, but not limited to, the ability to meet
ongoing capital needs, product and service demand and acceptance, changes in
technology, economic conditions, the impact of competition, the need to protect
proprietary rights to technology, government regulation, and other risks defined
in this document and in statements filed from time to time with the applicable
securities regulatory authorities.
This information is provided by RNS
The company news service from the London Stock Exchange
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