Proactiveinvestors Australia Gas Turbine Efficiency Proactiveinvestors Australia Gas Turbine Efficiency RSS feed en Sat, 15 Aug 2020 05:39:39 +1000 Genera CMS (Proactiveinvestors) (Proactiveinvestors) Gas Turbine Efficiency passes More milestones Wed, 24 Oct 2007 23:00:00 +1000 Gas Turbine Efficiency diversification – industrial revenues up 600%
After establishing the business in the aviation sector with Pratt & Whitney, GTE is now seeing success in the industrial arena. This is shown by growth in the first half of 2007. Revenues from the industry are expected to increase over 600% to $5.7m (H1 2006: $0.8m).

GTE achieved by extending its business model to four OEM areas in parallel. The Group also expanded its portfolio of offerings with the acquisition of Control Center, LLC and ARES Technology this year

Steven Zwolinski, CEO of GTE, said: "The benefits of GTE's long term strategy for the industrial segment of the business has resulted in tremendous progress in the first half of 2007 positioning the business for long term growth. The integration of Control Center, LLC 2007 and Ares Technology, LLC has exceeded expectations, significantly enhancing the Group's capabilities."

GTE's shares rose 3.0p (5.6%) to 56.50p on the day.]]>
Mon, 16 Jul 2007 04:01:00 +1000
Gas Turbine Efficiency signs five year agreement with subsidiary of Caterpillar
The agreement will see GTE develop, manufacture and supply gas turbine cleaning systems for the internal cleaning of Solar's entire range of turbines.

Steven Zwolinski, CEO added: "We are delighted to be working closely with Solar to develop value solutions that contribute to fuel efficiency and emissions reductions for end customers".

Shares in GTE jumped 16.5% to 60p.
Mon, 12 Mar 2007 07:41:00 +1100
Gas Turbine Efficiency is trying capitalise on higher fuel costs Tue, 09 May 2006 23:00:00 +1000