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Bid:
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Spread: 80.00 (15.385%)
Market Cap: £198.02m
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GTE opens office in Abu Dhabi

29 Nov 2007 07:01

Gas Turbine Efficiency PLC29 November 2007 29 November 2007 GTE opens office in Abu Dhabi Gas Turbine Efficiency plc ("GTE" or "the Group"), a leading manufacturer ofadvanced systems to clean, monitor and enhance the performance of aviation andindustrial turbines, is pleased to announce that it has received approval toopen a branch office in Abu Dhabi. The new office follows the appointment in October 2006 of Nama DevelopmentEnterprises (Nama) as its exclusive distributor for United Arab Emirates. Nama,a major UAE business services company, is owned by His Excellency Sheikh NayanBin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research.The move is part of GTE's expansion strategy to focus on key growth marketsworldwide including the Middle East, which is experiencing a long term increasein demand for industrial turbines due to strong infrastructure and industrialsector investment. Steven Zwolinski, CEO of Gas Turbine Efficiency plc, said: "We are delighted toreceive approval for a branch office in Abu Dhabi. This is an extension of ourongoing relationship with Nama and strengthens our marketing and customerservice capability in a region showing strong growth for our products andservices." Enquiries: Gas Turbine Efficiency plcSteven Zwolinski, CEO +46 8 546 10 528 Libertas CapitalAamir Quraishi, Jacob Sayer +44 20 7569 9650 Corfin CommunicationsNeil Thapar, Harry Chathli +44 20 7977 0020 About GTE Gas Turbine Efficiency plc is a leading manufacturer and services provider ofintegrated solutions for enhancing the performance of gas turbines usedprimarily in the aviation, power generation, oil & gas and chemical industries.The focus is on improved performance and availability, fuel efficiency, lowercarbon emissions, restoration of optimal design and parts life extension,resulting in increased profits for our clients and a cleaner environment. TheGroup's product and services portfolio includes advanced wash systems,performance monitoring, combustion design and repair, fluid and control systems.The Group sells its products to blue-chip customers worldwide from operationalcentres in Europe and the USA. GTE's shares are traded on the London StockExchange's AIM under the ticker 'GTE'. This information is provided by RNS The company news service from the London Stock Exchange
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