T42 Iot Track. Regulatory News (TRAC)

31 May 2007 07:01

Traction Technology PLC31 May 2007 31 May 2007 TIDM: TRAC TRACTION TECHNOLOGY PLC ("Traction" or "the Company") Pre-Close Operational Update Traction Technology Plc, a designer and deliverer of environmentally friendly,low emission Series Diesel Electric Hybrid engine systems, aimed initially atthe public transport sector, announces an operational update prior to the closeof its financial year to 31st May 2007. Nick Brayshaw, Chairman of Traction Technology Plc, stated: "The Company continues to work closely with a number of bus operators in thefurther development and testing of its series hybrid engine systems. Currentlyour engine systems are on trial with three separate bus companies in Merseyside,Suffolk, and with Transport for London Operator Epsom Coaches. A fourth trialwith Arriva SC in the Sussex area is scheduled to commence shortly. "Results from the Merseyside and Ipswich trials are expected within the next fewweeks and the Company will make further announcements in due course. Tractionis particularly proud that the Epsom trial bus's reliability enabled it recentlyto achieve a mileage equivalent to a journey around the world. "The Company successfully listed on AIM in December 2006, at which time itraised £843,000, and the Company retains sufficient resources to continuecurrent levels of operation for the coming year. "The Board remains confident in the Company's technology and firmly believesthat growing recognition of the environmental benefits that hybrid vehicles candeliver, together with the success of its technology in independent trials,leaves the Company well positioned for the future." Ends Enquiries: Traction Technology plc Beaumont Cornish Limited Parkgreen CommunicationsNick Brayshaw, Chairman Roland Cornish Brendan McNamara / Lucy Lake+44 (0) 1403 791392 +44 (0) 20 7628 3396 +44 (0) 20 7851 7480www.ttplc.co.uk Mob: +44 (0) 7742 545 601 This information is provided by RNS The company news service from the London Stock Exchange