TIDMTPS

RNS Number : 4381Z

Turbo Power Systems Inc

26 May 2016

Turbo Power Systems Inc. ("TPS" or the "Company")

Result of AGM

The Company announces that, at its Annual General Meeting held today, all resolutions were duly passed.

For further information, please contact:

 
 Turbo Power Systems                            Tel: +44 (0)191 482 9200 
            Carlos Neves, Chief Executive 
             Officer 
             Charles Rendell, Chief Financial 
             Officer 
 Kreab (financial public relations)             Tel: +44 (0)20 7074 1800 
           Robert Speed 
 finnCap (NOMAD, broker and                     Tel: +44 (0)20 7220 0500 
  financial advisor) 
           Ed Frisby, Emily Watts

Notes to Editors

About Turbo Power Systems

Company Website: www.turbopowersystems.com

Company Twitter: https://twitter.com/turbopowersys

Turbo Power Systems Inc. (AIM: TPS.L) is a leading UK based designer and manufacturer of innovative power solutions. TPS's products are all based on its core technologies of high speed motors and generators and power electronics which are sold into a number of market sectors including transport, industrial, energy and defence sectors. The Company's products provide high performance while improving efficiency and reducing process energy consumption compared to existing technologies.

Turbo Power System's existing customers include blue chip companies such as Bombardier Transportation, Daikin Applied and Eaton Aerospace. Tao Sustainable Power Solutions (UK) Ltd ("TAO UK"), which is a wholly owned subsidiary of Vale S.A., Brazil's largest mining company, owns 89.4% of the issued share capital of the Company.

Forward looking statements

This press 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 on-going 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.

Notice of no auditor review of interim financial statements

Under Canadian National Instrument 51-102, Part 4, subsection 4.3(3(a), if an auditor has not performed a review of the interim financial statements, they must be accompanied by a notice indicating that the financial statements have not been reviewed by an auditor.

The accompanying un-audited interim financial statements of the Company have been prepared by and are the responsibility of the Company's management.

The Company's independent auditor has not performed a review of these financial statements in accordance with standards established by the Canadian Institute of Chartered Accountants for a review of interim financial statements by an entity's auditor.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

May 26, 2016 09:39 ET (13:39 GMT)

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