WHITEHORSE, CANADA--(Marketwire - Jul 3, 2012) -
3 July 2012 Turbo Power Systems Inc. ("TPS" or the "Company") Board Changes TPS, the innovative electrical machines and electronic systems provider, announces that Mr James Pessoa, Chairman of the Board of Directors of the Company ("Board"), has resigned from his role with immediate effect, after having resigned from his position with Vale Solucoes emEnergia, the parent company of TAO Sustainable Power Solutions (UK) Limited, the Company's majority shareholder. Rodrigo Braga, currently a non-executive director of the Company, has agreed to act as Chairman of the Board on an interim basis. The Board intends to appoint a replacement director and further announcements will be made in due course. For further information, please contact: Turbo Power Systems Inc. Tel: +44 (0)20 8564 4460 Carlos Neves FinnCap Tel: +44 (0)20 7220 0500 Marc Young/ Henrik Persson Kreab Gavin Anderson (PR) Tel: +44 (0)20 7074 1800 Robert Speed/Georgia Lewis This information is provided by RNS The company news service from the London Stock Exchange END
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