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Turbotec Products (TRBO)


Wednesday 13 July, 2011

Turbotec Products

Update on Legal Dispute in UK Courts

RNS Number : 3445K
Turbotec Products PLC
13 July 2011



Press Release

 13 July 2011



Turbotec Products Plc

("Turbotec" or "the Company")


Update on Legal Dispute in UK Courts


Turbotec Products Plc (TRBO.L), the designer and manufacturer of high performance, high quality heat exchangers and Tru-Twist® heat transfer tubing, today announces that  following the favourable ruling in the London High Court in the legal action taken by its then majority shareholder, Thermodynetics, Inc and interim cost award, the balance has now been determined.  Thermodynetics, Inc has agreed to pay Turbotec an additional sum of £210,000 ($336,000), giving a total of £560,000 including the interim payment.


Turbotec is due to receive the additional funds in full by 4pm on 18 July 2011.


- Ends -


For further information please contact:


Turbotec Products Plc

Robert Lowe, Non Executive Chairman

[email protected]


Sunil Raina, Managing Director

[email protected]


Robert Lieberman, Finance Director

[email protected]

+44 (0) 79 1714 8930



Tel: +1 (860) 731-4200


Seymour Pierce Limited

Guy Peters, Corporate Finance

Paul Jewell, Corporate Broking


Tel: +44 (0) 20 7107 8000



Media enquiries:

Abchurch Communications

Sarah Hollins / Simone Elviss / Oliver Hibberd

[email protected]

     Tel: +44 (0)20 7398 7728


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