Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTPG.L Regulatory News (TPG)

  • There is currently no data for TPG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

DTI Grant and First Shipment

19 Sep 2006 07:01

Corac Group Plc19 September 2006 For Immediate Release 19 September 2006 CORAC GROUP PLC £900,000 Competitive DTI Grant and First Shipment of 150 kW Turbo Compressor Corac Group plc ('Corac' or the 'Company') is pleased to announce that it hasbeen awarded two competitive DTI grants for its patented power electronicssystem. The grants are for research into increasing the temperature in whichCorac's electrical switching devices are able to operate for downhole gasapplications. Currently, these switching devices operate in temperatures of upto 105 degrees centigrade. This research work should enable the devices tooperate in environments of up to 110 degrees centigrade and in the longer term,to withstand much higher temperatures. The grant, which will contribute £900,000towards the Company's costs will cover a three year period. Corac will be working with Dynex and the Universities of Sheffield, Newcastleand Nottingham to achieve this important goal. When successful, this project isexpected to not only satisfy a wider range of downhole gas compressorapplications, but could also be applicable to a number of other high temperaturemotor control opportunities. In addition to the above grant, Corac is pleased to report that its first 150 kWturbo boosting compressor has been built and fully evaluated by LeobersdorferMaschinenfabrik AG of Austria. The unit has been accepted by the customer forshipping with a second machine to be built and shipped in the near future. Professor Gerry Musgrave, Executive Chairman said: "These activities illustrate the significant progress that the Company ismaking. We have industry acceptance of our technology, the commencement ofshipments for commercial operations and the acceptance of leading edge researchinto the power electronics field." For further information: Professor Gerry Musgrave, Executive ChairmanThomas Ivings, Finance DirectorCorac Group plc 01895 813463 Richard Darby, Suzanne Brocks, Ben WilleyBuchanan Communications 020 7466 5000 Notes to editors Corac is an intellectual property, engineering and licensing group, focussing onhigh speed electrical direct drive turbo machinery based on its unique expertisein gas bearings for which it holds several patents. Corac has created aninnovative 'no oil' turbo compressor together with a unique gas seal, and ispart of a joint 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
Date   Source Headline
19th Aug 20218:24 amRNSForm 8.5 (EPT/NON-RI)
19th Aug 20217:00 amRNSForm 8 (DD) - TP Group plc
18th Aug 20214:14 pmPRNForm 8.3 - TP Group Plc
18th Aug 202110:16 amRNSForm 8.5 (EPT/NON-RI)
18th Aug 20219:11 amRNSForm 8 (DD) - TP Group plc
17th Aug 20219:26 amRNSForm 8 (DD) - TP Group plc
17th Aug 20219:20 amRNSForm 8.5 (EPT/NON-RI)
17th Aug 20217:00 amRNSStatement on Rejection of Indicative Proposal
17th Aug 20217:00 amRNSForm 8 (DD) - TP Group plc
16th Aug 202112:48 pmPRNForm 8.3 - TP Group Plc
16th Aug 20218:32 amRNSForm 8.5 (EPT/NON-RI)
16th Aug 20217:52 amRNSStatement regarding TP Group plc
13th Aug 20213:58 pmRNSForm 8.3 - TP Group plc
13th Aug 202110:58 amRNSForm 8 (OPD) - Science Group plc
13th Aug 202110:58 amRNSForm 8 (OPD) - TP Group plc
13th Aug 20218:39 amRNSForm 8.5 (EPT/NON-RI)
12th Aug 202110:21 amRNSForm 8.3 - TP Group PLC
12th Aug 20219:30 amRNSForm 8.3 - TP Group plc
12th Aug 20219:05 amRNSForm 8.5 (EPT/NON-RI)
11th Aug 20213:13 pmRNSForm 8.3 - TP Group Plc
11th Aug 202112:06 pmGNWForm 8.3 - [TP Group plc - 10 08 2021 - Opening Declaration] - (HHL)
11th Aug 202112:03 pmGNWForm 8.3 - [TP Group plc - 10 08 2021 - Opening Declaration] - (CGWL)
11th Aug 202111:05 amRNSForm 8.3 - TP Group plc
11th Aug 202110:00 amRNSForm 8.5 (EPT/NON-RI)
11th Aug 20217:00 amRNSNotice of Results
10th Aug 20214:18 pmRNSHolding(s) in Company
10th Aug 202112:42 pmGNWForm 8.3 - Octopus Investments - TP Group plc
10th Aug 20219:15 amRNSStatement regarding TP Group plc
10th Aug 20218:10 amRNSResponse to Speculation
10th Aug 20217:00 amRNSHolding(s) in Company
6th Aug 20217:00 amRNSFurther re. appointment of Chief Executive Officer
28th Jul 202111:53 amRNSResult of General Meeting
26th Jul 20212:30 pmRNSPDMR Dealings
26th Jul 20217:00 amRNSAppointment of CEO and Maritime Sale Update
6th Jul 20211:17 pmRNSAppointment of Interim Chief Executive Officer
30th Jun 202112:10 pmRNSResult of AGM
30th Jun 20219:00 amRNSDirectorate Change
23rd Jun 20212:21 pmRNSPosting of Report and Accounts and Notice of GM
16th Jun 202111:05 amRNSNotice of AGM
15th Jun 20219:05 amRNSSecond Price Monitoring Extn
15th Jun 20219:00 amRNSPrice Monitoring Extension
15th Jun 20217:00 amRNSFull Year Results
4th Jun 202110:30 amRNSNotice of Results
10th May 20217:00 amRNSMOD contract award
8th Apr 20217:00 amRNSCollaboration agreement with Collins Aerospace
19th Mar 202111:11 amRNSHolding(s) in Company
16th Feb 20217:00 amRNSHydrogen system contract
26th Jan 20217:00 amRNSTrading Update
13th Jan 20217:00 amRNSPossible disposal of Maritime Engineering business
29th Oct 20201:08 pmRNSSale of TPG Engineering Ltd.

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.