GTE launch business unit
Gas Turbine Efficiency PLC
29 January 2008
29 January 2008
Gas Turbine Efficiency plc
('GTE' or 'the Group')
GTE announces commercial launch of Advanced Fuel & Combustion business
Gas Turbine Efficiency plc, a leading provider of advanced systems to enhance
performance of aviation and industrial turbines, is pleased to announce the
commercial launch of its Advanced Fuel & Combustion business.
This business segment has been established organically over the last quarter
through the recruitment of a team of world-class industry experts. This team has
been involved in both GTE and leading Original Equipment Manufacturer (OEM)
product development that has produced over two dozen granted patents and
applications.
The business represents the third leg of the Group's strategy to broaden its
products and services portfolio in the $10 billion global turbine aftermarket.
This business unit provides a range of highly specialised services including
consulting, design, root cause analysis and manufacturing. GTE is currently
working in this capacity with several leading OEMs, which is expected to
generate material revenues from 2008.
Demand for advanced fuel and combustion solutions is expected to grow strongly
over the long term as turbine operators are driven to fuel flexible combustors
that will operate on conventional fuels and on a wider variety of fuels such as
liquefied natural gas, clean coal, and bio-fuel blends to reduce costs and
carbon emissions. In addition, many industries want to decrease the flaring of
gas due to tighter environmental controls, the rising cost of carbon allocations
and the value of surplus gas.
Senior members of this business unit's leadership team include:
John Battaglioli, Advanced Fuel and Combustion Solutions
• 27 years, computational fluid dynamics design
• 17 years, GE Energy - combustion advanced technologies, nuclear,
research
• 10 years, owner of gas turbine consulting firm working with many OEMs
• Developed a number of patented combustion components
Bill Barras, Combustion Repairs
• 32 years, Dow Chemical - Dynegy
• Director - Dynegy parts and technical services
• Manager - Dynegy gas turbine fleet maintenance
• Founder and chairman - Siemens 501F user group
• Site manager - EPRI research program
• Co-founder and President - EXOR
Robert Bland, Chief Technologist - Combustion Architecture
• PhD University of Sheffield - 20 years computational fluid experience
• Siemens - Fellow Engineer, 9ppm combustor program
• GE Energy - Technical Leader, 12 and 24K CI combustor program
• 25 gas turbine patents
Andrew Hamer, Chief Technologist - Fluid Mechanics Modeling
• 19 years, gas turbine aero-thermal computational simulation and design
• GE combustion engineer; test engineer; design engineer
• 10 years, owner of gas turbine consulting firm working with many OEMs
John Barnes, Chief Technologist - Solid Mechanics Modeling
• 21 years, gas turbine mechanical computational simulation and design
• GE Energy - lead mechanical analysis engineer on GE DLN development
• GE Research Center - aircraft engine and power generation design
• Developed number of patented combustion components
Steven Zwolinski, CEO of GTE, said; 'The commercial launch of GTE's fuel and
combustion services business is a key part of our growth strategy. We now have
the capability and technology and management leadership to support complete
solutions for the industry on a flexible and fast-response basis. As a result,
GTE is well-positioned to benefit from growing demand for advanced solutions
that are not only environmentally friendly, but also deliver value to turbine
operators.'
Enquiries:
Gas Turbine Efficiency plc
Steven Zwolinski, CEO +46 8 546 10 528
Libertas Capital
Aamir Quraishi, Matthew Hindhaugh +44 20 7569 9650
Corfin Communications
Neil Thapar, Harry Chathli +44 20 7977 0020
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.
This information is provided by RNS
The company news service from the London Stock Exchange