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Turbo Power Systems Inc.

11:49 AM EST - Turbo Power Systems Inc. : announced results for 2011. Full-year revenue was up 69% to 14.4 million pounds. Full-year loss before interest, tax, depreciation, amortization and stock compensation increased to 5.10 million pounds, compared to 4.14 million pounds in 2010, after a 48% increase in headcount and 23% increase in R&D. Turbo Power Systems Inc. shares T.TPS are trading unchanged at $0.01.