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562.50    42.50 (8.17%)
Bid:
525.00
Ask:
600.00
Spread: 75.00 (14.286%)
Market Cap: £198.90m
GTE Live PriceLast checked at - London Stock Exchange

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4 Dec 2006 07:01

Gas Turbine Efficiency PLC04 December 2006 4 December 2006 Gas Turbine Efficiency plc GTE receives $5m contract from Pratt & Whitney Gas Turbine Efficiency plc ("GTE" or "the Company"), a leading supplier ofadvanced high pressure gas turbine cleaning systems for the aviation and powergeneration industries, announces that it has received a $5m contract from Pratt& Whitney, a United Technologies company. The contract is for the supply of GTE equipment for Pratt & Whitney's enginewash services under an exclusive business collaboration agreement between GTEand Pratt & Whitney. The equipment will be delivered over the next seven months. Steven Zwolinski, CEO of Gas Turbine Efficiency plc, said: "We are delighted toreceive this order as Pratt & Whitney expands its on-wing engine wash servicesbusiness to deliver compelling cost efficiency and environmental benefits toaircraft operators worldwide." Enquiries: Gas Turbine Efficiency plcSteven Zwolinski, CEO +46 8 546 10 528 Libertas CapitalAamir Quraishi, Charles Goodfellow +44 (0)20 7569 9650 Corfin CommunicationsNeil Thapar, Harry Chathli +44 (0)20 7929 8989 About GTE GTE, whose shares are trading on London Stock Exchange's Alternative InvestmentMarket, develops, assembles and markets cleaning systems, as well as otherassociated equipment, for the internal cleaning of gas turbine compressors. TheCompany sells its products globally to international blue chip customers in theaviation and industrial sectors and to date its products have been used on over1,000 gas turbines across 34 countries in Europe, the Middle East, Asia and theAmericas. Its operational centres are located in Stockholm, Sweden and Houston,Texas, USA. This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
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