Turbo Power Systems Inc

Type: Company
Name: Turbo Power Systems Inc
First reported Aug 06 2014 - Updated Aug 06 2014 - 1 reports

TPS loss deepens but new contract landed

Turbo Power Systems doubled its pretax loss to £2.3m, for the six months to June 30, from a year-earlier loss of £1.1m.Revenue at the Gateshead-based electronics manufacturer was down to £7.5m, from £9.1m.Chief executive Carlos Neves said: "We are pleased ... [Published Business Quarter Magazine - Aug 06 2014]
First reported Aug 05 2014 - Updated Aug 05 2014 - 3 reports

FTSE mixed as Wall St drags on China worries

StockMarketWire.com - A grim start to Wall St took the shine off the FTSE's limited early gains, helping unimpressed investors see the mid-cap index into negative territory and the blue-chip erase most of midday gains. At the close, the FTSE 100 was up ... [Published Stock Market Wire - Aug 05 2014]
Entities: FTSE, PMI, Wall Street
First reported Aug 05 2014 - Updated Aug 05 2014 - 1 reports

TURBO POWER SYSTEMS : Gets Manufacturing Deal From UK Power Networks

LONDON ( Alliance News ) - Turbo Power Systems Inc Tuesday said it had won a deal with UK Power Networks to manufacture production units for its new design of electrical energy controllers that will be tested on electricity distribution networks in the ... [Published 4 Traders - Aug 05 2014]
First reported Aug 05 2014 - Updated Aug 05 2014 - 1 reports

Market movers: S&U, WANdisco, Rose Petroleum, African Minerals, Meggitt

Risk aversion is rife in the market and that typically spells bad news for junior stocks. However, there were a handful of stocks still garnering plenty of interest in the small cap space. S&U ( LON:SUS ) was among the early winners, up 5% to 1,780p. ... [Published Proactiveinvestors United Kingdom RSS feed - Aug 05 2014]
First reported Aug 05 2014 - Updated Aug 05 2014 - 1 reports

Turbo Power Systems widens H1 pretax loss

Turbo Power Systems posted an H1 pretax loss of £2.3m, from a year-earlier loss of £1.1m. Revenue was £7.5m, from £9.1m."We are pleased that revenue in Q2 grew by 26% over Q1, with order intake in line with Q1, as certain expected orders were delayed ... [Published MoneyAM - Aug 05 2014]

Quotes

Neves added: "The award of the manufacturing contract is part of TPS's drive to become the reference standard in this market. The company has already demonstrated this leadership with the award of the design phase and we are pleased that UK Power Networks acknowledges TPS's manufacturing excellence as well."
...3% stake investment by engineering minnow 600 Group (SIXH:AIM). The deal, struck at 5p a share, represented a 111% premium to yesterday "s 2.37p ProPhotonix closing price."
" Turbo Power Systems' new design of electrical energy controller optimises the use of existing network capacity to accommodate increased loadings for renewable energy generation, whilst additionally supporting the addition of new homes and offices within the capacity of installed networks" Chief Executive Carlos Neves said in a statement

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TPS loss deepens but new contract landed [Published Business Quarter Magazine - Aug 06 2014]
FTSE mixed as Wall St drags on China worries [Published Stock Market Wire - Aug 05 2014]
FTSE up as Sky, Standard Life shine [Published MoneyAM - Aug 05 2014]
TURBO POWER SYSTEMS : Gets Manufacturing Deal F... [Published 4 Traders - Aug 05 2014]
Market movers: S&U, WANdisco, Rose Petroleum, A... [Published Proactiveinvestors United Kingdom RSS feed - Aug 05 2014]
FTSE rises as Standard Life, Solid State feature [Published Stock Market Wire - Aug 05 2014]
Turbo Power Systems widens H1 pretax loss [Published MoneyAM - Aug 05 2014]
Turbo Power Systems Amended Loan Agreement [Published TrustNet - Nov 28 2013]
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