Gran Tierra Regulatory News (GTE)

26 Sep 2007 07:30

Gas Turbine Efficiency PLC26 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 andmanufacturer of advanced cleaning, performance monitoring and fluid and controlsystems for gas turbines, is pleased to announce that it has signed a three yearagreement 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 industrialgas turbine segment to four. Previous agreements were with Rolls Royce; SolarTurbines Inc., a Caterpillar company; and Siemens AB and the latest deal is afurther validation of the GTE technology and business model. Due to confidentiality reasons the Group is not at liberty to release furtherinformation at this stage. Steven Zwolinski, chief executive of GTE, said: "This agreement with one of theworld's largest and most admired industrial groups is a major achievement by GTEand a resounding endorsement of our technology and value proposition to turbinemanufacturers and operators worldwide." Enquiries: Gas Turbine Efficiency plcSteven Zwolinksi, CEO +44 207 977 0020 Libertas CapitalAamir Quraishi, Charles Goodfellow +44 20 7569 9650 Corfin CommunicationsNeil Thapar, Harry Chathli +44 20 7977 0020 About GTE Gas Turbine Efficiency plc, whose shares are traded on London Stock Exchange'sAIM market (Ticker: GTE), designs, manufactures and markets advanced integratedsolutions for environmental, process and asset optimisation of gas turbinesprimarily in the aerospace, industrial and oil & gas sectors. These solutionsinclude cleaning systems, performance monitoring, fluid and control sub-systemsthat improve turbine performance and availability, fuel efficiency and partslife, resulting in increased profits for our clients and a cleaner environment.The Group sells its products to blue chip customers worldwide from operationalcentres in Europe and the USA. This information is provided by RNS The company news service from the London Stock Exchange