Turbo Genset Inc.
17 July 2001
For immediate release: 17 July 2001
TURBO GENSET and GENERAL ELECTRIC COMPANY
ENTER INTO PHASE II OF THE HYBRID TURBO
Turbo Genset Inc ('Turbo Genset') and General Electric Company ('GE') announce
that Phase I of the development program to demonstrate a hybrid turbocharger
for internal combustion engines has been completed and that the parties have
signed an agreement to proceed with Phase II under which prototype commercial
scale components are to be built and evaluated.
Pursuant to this development program, Turbo Genset will contribute its
patented high-speed motor/generator and control electronics design and GE
through its Corporate Research and Development Centre and its GE
Transportation Systems business operations will provide validation of the
Colin Besant, Chairman of Turbo stated:
'With the successful demonstration of performance of the technology
demonstrator, we are pleased to continue our relationship with GE. '
- ENDS -
For further information, please contact:
Turbo Genset Inc.
Colin Besant, Chairman and Chief Executive, Tel: +44 (0)20 8570 2946
Fraser Searle, Chief Financial Officer,
Mike Ristic, Director, Turbo Genset Co. Ltd
Hassan Mansir, Director, Turbo Genset Co. Ltd
Richard Kapuscinki, Turbo Genset North America Tel: (416) 369-9790
The Wriglesworth Consultancy (PR)
Michelle James Tel: +44 (0)20 7620 2228
Mobile: +44 (0) 7958 451 446
NOTES TO EDITORS
Turbo Genset Inc. states that, through its wholly owned subsidiary, The Turbo
Genset Co. Ltd, based in London, UK, has initiated commercialisation of the
technology it has developed in relation to high-speed permanent-magnet machine
systems for power generation, transportation and industrial applications. With
its low weight and small size, the machine systems' applications include
mobile power generation, distributed power, standby power and hybrid
turbochargers for medium to large diesel engines for trucks and locomotives.
The shares of Turbo Genset Inc. are listed on the London Stock Exchange
(www.londonstockexchange.com under the symbol TGN) and the Toronto Stock
Exchange (www.tse.com under the symbol TGN).