Trading Update

Gas Turbine Efficiency PLC 02 July 2007 2 July 2007 Gas Turbine Efficiency plc Trading Update Gas Turbine Efficiency plc ('GTE' or 'the Group'), a leading designer and manufacturer of advanced cleaning, performance monitoring and fluid and control systems for gas turbines, is pleased to provide the following trading update: Trading at GTE's key market segments has continued to be strong since the Group's previous guidance provided on 16 April 2007. During this timeframe, fundamentals critical to the Group's long-term growth have strengthened significantly. In the aviation segment, excellent progress has been made on next generation product design and in executing the $5m order received in December 2006 from its exclusive aviation industry partner, Pratt & Whitney, in support of its global service network. In the industrial segment including power generation and oil & gas, GTE's products continued to deliver solid results on machine output, efficiency and environmental emissions. Discussions with several major OEMs to sign long term commercial contracts have progressed well and in some cases been expanded to include several new product lines. The Group also further expanded its intellectual property position through innovation. Patent docket submissions were up over 200%, reflecting GTE's continued focus on long term R&D efforts. Over half the dockets filed were outside of GTE's traditional technology space. In keeping with the strategy of building a strong intellectual property portfolio, a patent defense lawsuit was launched by the Group against a former employee during the first half of 2007. Since the acquisition of Control Center, LLC in March 2007 and Ares Technology, LLC in June, the combined GTE Group has significantly expanded its scope of products and services. Acquisition integration efforts have exceeded management expectations with faster time-to-market development of new products and a higher level of order intake than planned earlier in the year. Overall, the Group's year to date revenues plus 2007 order backlog has strengthened further and is currently in excess of $13.5m compared with $10m reported earlier. As a result, the Group expects to deliver strong revenue growth in the first half of 2007 and is on track to achieve full year revenues in line with market expectations. Enquiries: Gas Turbine Efficiency plc Steven Zwolinski, CEO +46 8 546 10 528 Libertas Capital Aamir Quraishi, Charles Goodfellow + 44 20 7569 9650 Corfin Communications Neil Thapar, Harry Chathli +44 20 7929 8989 About GTE Gas Turbine Efficiency plc, whose shares are traded on London Stock Exchange's AIM market (Ticker: GTE), designs, manufactures and markets advanced integrated solutions for environmental, process and asset optimisation of gas turbines primarily in the aerospace, industrial and oil & gas sectors. These solutions include cleaning systems, performance monitoring, fluid and control sub-systems that improve turbine performance and availability, fuel efficiency and parts life, resulting in increased profits for our clients and a cleaner environment. The Group sells its products to blue chip customers worldwide from operational centres in Europe and the USA. Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's current expectations, estimates and projections about its industry, its beliefs and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond the Company's control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. These factors include, amongst others; technology risks, including dependence on core technology; fluctuations in results; dependence on new product development; rapid technological and market change; reliance on sales by others; management of growth; dependence on key personnel; rapid expansion; financial risk management; and future growth subject to risks. GTE cautions shareholders not to place undue reliance on these forward-looking statements, which reflect the view of GTE only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. GTE will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority. This information is provided by RNS The company news service from the London Stock Exchange
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