Gran Tierra Regulatory News (GTE)

17 Oct 2007 07:01

Gas Turbine Efficiency PLC17 October 2007 17 October 2007 GTE and Siemens Power Generation sign exclusive supply agreement Gas Turbine Efficiency (GTE) and Siemens Power Generation have signed a 3-yearexclusive supply agreement under which GTE will supply, integrate, test, trainand install Combustion Dynamics Monitoring Systems (CDMS). Siemens will exclusively market, under its own name, the systems worldwide onits combustion turbine fleets. Under the agreement, each party will retain itsintellectual property delivered to each other prior to signing the agreement. The CDMS system integrates a variety of sensors, hardware and controls to createa much more effective solution on a variety of gas turbine operating issues,including: •fuel variability & fuel quality •emissions optimisation •combustion tuning and fuel efficiency •parts life extension and system protection Steve Zwolinski, CEO of GTE, said: "GTE continues to expand its products andservices portfolio with a common strategy of optimising turbine performance tolower fuel costs, equipment downtime, system reliability and the minimisation ofgreenhouse gas emissions." GTE delivers technologically advanced integrated solutions for environmental,process and asset optimisation. The focus is on improved performance andavailability, fuel efficiency, restoration of optimal design and parts lifeextension, resulting in increased profits for our clients and a cleanerenvironment. The Group's product and services portfolio includes advanced washsystems, performance monitoring and fluid and control systems for gas turbines. The Power Generation Group (PG), a unit of Siemens AG, is one of the premierentities in the international power generation sector. In fiscal 2006 (whichended September 30), Siemens PG posted sales amounting to more than EUR10billion and received new orders totaling EUR12.5 billion. Group profit amountedto EUR782 million. On September 30 2006, PG had a work force of approximately36,400 worldwide. Further information at: www.siemens.com/powergeneration. Enquiries: Gas Turbine Efficiency plcSteven Zwolinski, CEO +46 8 546 10 528 Libertas CapitalAamir Quraishi, Charles Goodfellow +44 20 7569 9650 Corfin CommunicationsNeil Thapar, Harry Chathli +44 20 7977 0020 This information is provided by RNS The company news service from the London Stock Exchange