Member Info for Cliveas

coming very soon and volume picking up! Ask now out at .45. MM don't have many! GL

Ask now at 0.4 on two small buys. Now expect update monday Licencing agreement could be worth millions or am I way out here?! Uk power network contract will open the door to the whole national grid only 11% in freefloat ATB GL

Still awaited. Think there is going to be lots of good news on all fronts and maybe waiting to include some new contract. ATB

Thanks for info. Which e mail did you use for contact?

Quarterley update tomorrow I expect. Hope for more details on Uk power contract.Licensing agreement.Petrobas discussions and crossrail among others. Nice to see L2 firm up a little after no movement despite buys. GL.

Any idea what this might be worth to the company? Sorry been away and not had time to research.

and back up on a £488 buy! You can see what will happen when we get some real buying pressure here!

dropped on a £178 sell LOl Gotta love the MM!

Agree small drip drip sells whilst we await news update due at latest beginning of november. Mm dropped the bid on a few hundred quids worth! 89% of shares not in free float Fully supported by parent company New contract UK power networks to be a gamechanger here when rolled out to national grid. Expect crossrail order from Bombardier at any time. (72% of orders to go to uk companies.65 trains to be commissioned). Also due an update re contract talks with Petrobas in Brazil. So far off the radar it is unreal.This will change and sooner rather than later I feel. AIMHO and patience as always required GL

I am surprised at the lack of interest here and this is way off the radar.Company has recently focused on cost cutting to head towards profitability but that all changed on 5/8 (see RNS) with a contract with UK power networks which has the potential to roll out to the full national grid.They have now started to recruit again (good sign contract is large) and are still doing good work with Bombardier and I expect a large crossrail order at some stage. The company is fully supported by Brazilian parent company and only 11% of shares are in freefloat. I am quietly excited at the prospects here with next update due end oct early Nov with new contract news at anytime. DYOR and GL aimho of course.

On very minimal buying pressure! looking forward to quarterly update especially new contract and market with UK Power networks. also expect some more contract wins from Bombardier and don't forget crossrail. All looking good for the second half of the year! (IMHO)

Are currently at 0.42 and above. Looking forward to a great second half year!

How big is this new contract? Re Recruitment! “I think the number will grow significantly as we bring new lines into production. The business is getting new contracts and moving forward in line with our strategy. The new markets we are entering are part of the way forward and that’s a good news story for us.”

Last year, as part of a review of the business, the firm also closed its manufacturing base in London and moved that operation to Gateshead, essentially making the North East its headquarters. The move led to some redundancies, accounting for the firm’s 23% reduction in headcount to 126, compared to the 163 employed by the firm in the first half of 2013. However, relocating the manufacturing division in the North East led to 15 North East people taking on roles in the Gateshead facility. Mr Rendell said: “This is one of the exciting things about these contracts. We are looking for new engineers in the area, and this area has the skills base for that. We moved manufacturing from London so we can build on Gateshead and we are looking to recruit still. “I think the number will grow significantly as we bring new lines into production. The business is getting new contracts and moving forward in line with our strategy. The new markets we are entering are part of the way forward and that’s a good news story for us.”

Now you don't start recruiting after months of serious cost cutting unless the contract is big enough to warrant it! Charles Rendell, chief finance officer for Turbo Power Systems, said: “We’re very pleased to have secured contracts with the UK Power Network - it’s very good news in that it takes us into a whole new market. “We can’t talk about how much the contract is worth for commercial reasons but it is significant. If you look to the future, where energy distribution is going, it’s renewables.” There are another five electricity boards across the country which will be queueing up for this device in the near future imho!

New jobs to follow contract wins at Turbo Power Systems Today, 10:30 AM Innovative electronics manufacturer Turbo Power Systems is powering ahead with plans to swell its ranks after securing contracts in new renewable energy markets. Market Talk's insight: Innovative electronics manufacturer Turbo Power Systems is powering ahead with plans to swell its ranks after securing contracts in new renewable energy markets. The Gateshead-based firm designs and manufactures motors, generators and electronics for a range of sectors, including transport, defence and industrial, as well as emerging renewables customers. In a stock exchange announcement to shareholders the firm announced new contract wins with UK Power Networks, a firm which had already enlisted Turbo Power Systems to supply a ground-breaking new design of electrical energy controller. The controller is to be used for trials on the electricity distribution networks in the London and Brighton areas, and represents the company’s first contract in the low carbon initiatives market. The company has now announced a further order from UKPN for the prototype units to be used in the trails, as well as a $3.4m order from Bombardier for auxiliary power units – deals which will now see jobs created at the Gateshead headquarters. Charles Rendell, chief finance officer for Turbo Power Systems, said: “We’re very pleased to have secured contracts with the UK Power Network - it’s very good news in that it takes us into a whole new market. “We can’t talk about how much the contract is worth for commercial reasons but it is significant. If you look to the future, where energy distribution is going, it’s renewables.” David Hancill, the firm’s chief operating officer, said: “The partnership with UKPN is one we very much hope to continue. The group we are contracted with is running the South East power network but there are, I believe, another five similar countries based around the country. “We aren’t in discussions with them yet, but we will be hot on their heels once we have this product ready.” The stock exchange announcement included financial results for the first two quarters of 2014, as well as a comparison between the first half of 2013 and 2014. Revenues decreased 18% to £7.46m in the first half of this year, compared to last year’s £9.07m, and operating losses widened before other operating income by 42%, to £2.04m. However, work has picked up over the course 2014 on the back of new contract wins, resulting in sales growing by 26% in the second quarter to £4.16m, compared to £3.30m in Q1. Gross profit also grew by 70% to £0.82m in the period and the operating loss was narrowed to £0.71m. Last year, as part of a review of the business, the firm also closed its manufacturing base in London and moved that operation to Gateshead, essentiall

Turbo Power Systems Inc saw its shares rise Tuesday after it reported a narrowed quarter-on-quarter loss on the back of higher revenue and lower costs, and 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 London and Brighton areas. The company reported a net loss of GBP0.9 million for the three months to end-June, narrower than the GBP1.4 million loss it reported in the first quarter to end-March. Revenue rose to GBP4.2 million, from GBP3.3 million, while total expenses fell 16% to GBP1.5 million as it cut research and development spending as it focused on key technologies. Order intake was GBP3.3 million, a touch down on the GBP3.8 million of orders if booked in the first quarter. "We are pleased that revenue in the second quarter grew by 26% over the first quarter, with order intake in line with the first quarter, as certain expected orders were delayed into the second half of 2014. We were able to continue to focus on our cost reduction programme, reducing our total expenses by 16% quarter-upon-quarter and during the first half as a whole, significantly improved the level of cash outflows from operations and reduced the amount of new external financing drawn from our major shareholder," Chief Executive Carlos Neves said. He added that the company remained confident for the remainder of the year. The power technology company reported a pretax loss of GBP2.3 million for the first half of the year, wider than the GBP1.1 million loss it reported in the year earlier period, as lower expenses were offset by a drop in revenue and higher finance costs. First half revenue declined to GBP7.5 million, from GBP9.1 million, mainly due to a decline in development revenue the company blamed on project timings as it seeks to develop its pipeline of development projects. The company's reduced reliance on funding from its major shareholder was a major boost, as it remains critically dependent on loans from TAO Sustainable Power Solutions (UK) Ltd. It got a GBP0.4 million extension to its current loan on May 13, and had a GBP10.8 million balance outstanding on the loan at the end of June, repayable on April 1, 2016. Its cash outflow from operations in the first half was GBP2.0 million, down from GBP3.5 million in the year-earlier period. The production unit manufacturing award comes after it was awarded the design contract for the technology earlier in the year. "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. The company didn't provide any financial details about the contract.

But L2 firming on very little volume. When people catch on to what the company can tap into re low carbon contracts this should move significantly imho!

Power Electronics Devices (PEDs) have been used in other industries, such as the rail industry, for a number of years connected to three phase loads and generators but never connected directly to electricity distribution networks. PEDs have the potential to release and utilise spare network capacity (previously restricted by network boundaries) by connecting networks together by means of a 'soft open point' (SOP). The PED, connected across the SOP, monitors load, identifies network constraints and enables the flow of power to customers that previously could only have been supplied using expensive traditional network reinforcement. The project is trialling three types of PED connected to 36 trial sites in London and Brighton, across radial and interconnected networks. The trials will explore the following; Suitability of PEDs to release capacity and defer network reinforcement PED control algorithms required for autonomous control Connection of PEDs to network control systems Modelling of PEDs in planning tools to demonstrate power flow Cost Benefit Analysis of using PEDs against traditional network reinforcement methods. By trialling PEDs across these types of network we can demonstrate the potential savings of adopting these devices 50 cities throughout the UK with population densities higher than that of Brighton.

The project will evaluate the relative benefits that the various functions of power electronics can provide including: Acting as ‘soft open points’ (SOPs) between distribution substations for capacity sharing and which, like a tap, can be fully open, fully closed, or at a setting between these limits Controlling voltage on LV networks Controlling fault levels.