passing of a legend
Turbo Power Systems Inc
("TPS" or the "Company")
Colin Besant
It is with deep regret that the Company announces that Colin Besant, the founder of TPS and a non-executive director of the Company since 2007, passed away on 19 July 2014, aged 78.
Colin had been a Professor of Manufacturing Engineering at Imperial College since 1986 where he and his team developed patented axial flux technology for use in high speed generators. In 1993, Professor Besant transformed the achievements of Imperial College into a commercial reality through the establishment of TPS. TPS later expanded its technology base to include high performance electric motors and generators, drives and power electronics.
Colin's commitment and dedication to TPS was ever present serving as former Chairman and Chief Executive Officer of TPS and as a board member since 1994.
The Board will greatly miss Colin's engineering excellence and his enthusiasm, vision and wisdom.
His friends and colleagues at TPS extend their condolences to Colin's family.
For further information, please contact:
| Turbo Power Systems Carlos Neves, CEO Charles Rendell, CFO | Tel: +44 (0)191 482 9200 |
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| finnCap (NOMAD, broker and financial advisor) Ed Frisby, Henrik Persson | Tel: +44 (0)20 7220 0500 |
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| Kreab Gavin Anderson (financial public relations) Robert Speed | Tel: +44 (0)20 7074 1800 |