TPG.L Regulatory News (TPG)

2 Jan 2007 07:01

Corac Group Plc02 January 2007 For Immediate Release 2 January 2007 CORAC GROUP PLC INDUSTRIAL AIR COMPRESSOR ORDER Corac Group plc ('Corac'), the intellectual property and licensing companyspecialising in compressor technology, is pleased to announce that, followingthe supply in September of the first 150 kW turbo boosting compressor forLoebersdorfer Maschinenfabrik AG ('LMF'), the Company has been awarded afollow-on order for four more units to provide turbo boosting to the LMF highpressure machines at both 50 kW and 150 kW sizes. Dr Bernhard Muller, Managing Director of LMF, said: "Having the advanced technology of Corac's turbo machinery will assist LMF inproviding cost-effective solutions and leading edge technology to ourcustomers." Professor Gerry Musgrave, Executive Chairman of Corac, said: "This order underlines the industry's acceptance of our technology and is apromising beginning for our relationship with LMF, whose presence will ensure aroute to market for our machines worldwide." For further information: Corac Group plc 01895 813463Prof. Gerry Musgrave, Executive ChairmanCorac Group plc 01895 813463Tom Ivings, Finance DirectorBuchanan Communications 020 7466 5000Richard Darby, Suzanne Brocks, Ben Willey NOTES TO EDITORSCorac is an intellectual property, engineering and licensing group which holdsmany patents. It focuses on high speed electrical direct drive turbo machinerybased on its unique expertise in gas bearings. Corac has created an innovative'no oil' turbo compressor together with a unique gas seal, and is part of ajoint industry programme for the downhole gas extraction industry.Further information on Corac is available on the internet at www.corac.co.uk This information is provided by RNS The company news service from the London Stock Exchange