Gas Turbine Efficiency PLC
26 September 2007
26 September 2007
GTE signs three year agreement with one of the world's leading OEMs
Gas Turbine Efficiency plc ('GTE' or 'the Group'), a leading designer and
manufacturer of advanced cleaning, performance monitoring and fluid and control
systems for gas turbines, is pleased to announce that it has signed a three year
agreement with one of the world's leading Original Equipment Manufacturers
(OEMs) to supply advanced wash systems for aero-derivative industrial turbines.
The deal takes the total number of agreements signed by GTE in the industrial
gas turbine segment to four. Previous agreements were with Rolls Royce; Solar
Turbines Inc., a Caterpillar company; and Siemens AB and the latest deal is a
further validation of the GTE technology and business model.
Due to confidentiality reasons the Group is not at liberty to release further
information at this stage.
Steven Zwolinski, chief executive of GTE, said: 'This agreement with one of the
world's largest and most admired industrial groups is a major achievement by GTE
and a resounding endorsement of our technology and value proposition to turbine
manufacturers and operators worldwide.'
Enquiries:
Gas Turbine Efficiency plc
Steven Zwolinksi, CEO +44 207 977 0020
Libertas Capital
Aamir Quraishi, Charles Goodfellow +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
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