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Turbo Power Systems Inc T.TPS



TSX:TPS - Post by User

Comment by fullhouse101on Jul 30, 2009 3:21pm
272 Views
Post# 16179662

RE: Weird

RE: Weird

Patience will pay.

Paul Summers, CEO, said:

"Good progress continues to be made with further reductions in development spend and increased production compared to Q4 08. We have managed our cash balances through a difficult time in the business cycle and believe that our cash position will strengthen during the year as production volumes increase on our major programmes.

"The majority of our markets are still proving to be resilient to the current economic turmoil, despite some slow down experienced in the industrial sector. Order intake has been strong since the beginning of the year bringing our total order book to in excess of Pounds Sterling 25 million."

Infrastructure spending is helping to drive TPS

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