Gas Turbine Efficiency Appoints Harry Zike as Chief Financial Officer

GTE welcomes energy industry veteran to its leadership team to support the company’s global growth plan

ORLANDO, Florida ―Gas Turbine Efficiency plc (“GTE” or “the Company”), a leading provider of proprietary cleantech systems for enhancing the performance of aviation and industrial gas turbines, is pleased to announce the appointment of Mr. Harry W. Zike as its new Chief Financial Officer and Executive Director, effective immediately.

GTE Appoints Harry Zike as Chief Financial Officer

Mr. Zike is an experienced Chief Financial Officer who has spent his career in a variety of senior international roles within the energy and technology sector.  Most recently, Zike was Chief Financial Officer of Energy Conversion Devices (ECD), a publicly traded NASDAQ alternative energy company. Prior to that, Mr. Zike spent 18 years with Siemens in Europe and the USA where he held a number of executive financial positions, including Chief Financial Officer in Siemens Energy and Automotive Divisions in the USA.  Prior to that, Mr. Zike was with Price Waterhouse.

“We are delighted to have attracted someone of Harry’s caliber to the GTE leadership team,” said John Grant, Chairman of GTE. “He brings a wealth of relevant power generation sector knowledge, as well as the financial leadership experience and skills required to support GTE’s global growth plan.”

“I look forward to joining GTE’s Executive Team during this important phase of company growth,” said Mr. Zike. “In making the decision to join GTE, I was encouraged by the potential of the company and the commitment of my fellow team members.”

Zike holds a Bachelor of Science degree in Accounting from the University of Scranton and is a Certified Public Accountant (CPA) and Certified Management Accountant (CMA).  He is also a Director of Babcock Power, Inc., a private energy company.

About GTE

Gas Turbine Efficiency designs, manufactures and supplies proprietary cleantech energy saving and performance enhancing solutions to the power generation, oil and gas, and aviation industries. The company’s extensive portfolio of patented cleantech solutions save fuel, reduce emissions, increase availability, and extend turbine and parts life. The Group also provides solutions for burning a wider variety and quality of fuels such as liquefied natural gas, clean coal and alternative fuel blends. Products and services developed by our world-class technology team include compressor cleaning and power augmentation systems; fuels management systems; combustion design, repair, upgrade and monitoring; fluid and control auxiliaries; and outage management services.

For more information about Gas Turbine Efficiency plc and its products and services, please visit http://www.gtefficiency.com.

For more information:

Megan Thomas
Director of Marketing and Communications
Gas Turbine Efficiency
Email: media@gtefficiency.com
Phone: 407.304.5236

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Gas Turbine Efficiency Corporate Update for Q1 2010

ORLANDO, Florida – Gas Turbine Efficiency plc (AIM:GTE), a leading provider of advanced systems to enhance the performance of industrial and aviation turbines , is pleased to report revenue for Q1 2010 of $9.8m, up 32% over Q1 2009 ($7.4m), within the range indicated on 24 March 2010.

These results reflect a strong performance in Energy Services Aftermarket, up 273% at $4.2m, and Aviation, up 85% at $1.6m. In general, the energy market is showing signs of recovery; GTE’s commercial activity is up across all sectors, with customers purchasing services and products which help them to increase operational efficiency and conserve cash.

GTE has appointed Richard Carter-Ferris as interim Chief Financial Officer, pending the appointment of a permanent replacement for Kevin Dotts.  Prior to joining GTE in January as Group Financial Controller, Richard was Finance Director for National Express East Coast. He also previously spent ten years at General Electric, where he was Global Controller of the GE Plastics Division.  The search for a permanent CFO has reached an advanced stage and the company will make an announcement in due course.

The company also announces that it is currently in advanced discussions with a number of strategic investors and that it has decided to delay publication of its full year 2009 results until discussions have been concluded. The results, which were to be announced on 23^rd April 2010, are expected to be in line with the board’s expectations.

About GTE

Gas Turbine Efficiency designs, manufactures and supplies proprietary cleantech energy saving and performance enhancing solutions to the power generation, oil and gas, and aviation industries. The company’s extensive portfolio of patented cleantech solutions save fuel, reduce emissions, increase availability, and extend turbine and parts life. The Group also provides solutions for burning a wider variety and quality of fuels such as liquefied natural gas, clean coal, and alternative fuel blends. Products and services developed by our world-class technology team include: compressor cleaning and power augmentation systems; fuels management systems; combustion design, repair, upgrade and monitoring; fluid and control auxiliaries; and outage management services.

GTE has been featured in several prominent power generation publications and conferences generating interest and additional proposals for new sales. In February 2010, GTE was featured at the 501F Gas Turbine Users Group Annual Conference in Orlando, Fl. There, Louisiana based power producer Cleco Evangeline presented a case study on GTE’s compressor water wash systems as an optimal solution for operational improvements. The data presented demonstrated an average percent power benefit of 1.18% and average increase in energy efficiency of 0.42%, which translate to a rapid return on investment.

A case study on the compressor water wash system is available for download from GTE’s website at http://www.gtefficiency.com/case_studies.asp.

For more information about Gas Turbine Efficiency plc and its products and services, please visit http://www.gtefficiency.com.

For further information, please contact:

Gas Turbine Efficiency plc

Steven Zwolinski, Chief Executive Officer    +46 8546 10 528

Megan Thomas, Director of Marketing and Communications    +1 407 304 5236

media@gtefficiency.com

Matrix Corporate Capital LLP

Louis Castro / Nick Ellis    +44 20 3206 7365

Financial Dynamics

Jon Simmons / Susanne Yule    +44 20 7269 7291

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Gas Turbine Efficiency Experiences Improving Energy Aftermarket and Strengthening Demand For Core Products

Gas Turbine Efficiency plc (AIM: GTE), a leader in energy and aviation products and services, is reporting an increase in expected revenue for the first quarter of 2010, an improvement supported by several operating units. GTE revenue for Q1 2010 is expected to be in the range of $9.5-10.0M—up 20-25% over a strong Q1 2009 ($7.4M). This performance is supported by order increases in the company’s Energy Services and Aviation products.

Performance improvements have recently been validated and published by leading customers, demonstrating a return on their investment in as little as four months. Compressor water wash systems are a major product line in the GTE portfolio of patented solutions for both power generation and aviation turbines—and have experienced increased recognition, acceptance and sales in these industries.

Four major original equipment manufacturers (OEMs) of gas turbines had previously approved and signed agreements for further development and sales of GTE’s patented technology for use on their engines. Most recently, compressor cleaning system installations have been finalized and more operators have implemented the solution.

Several products are expected to be up over 100% compared to Q1 2009 ($1.1M) for GTE’s Combustion services, reflecting its newly launched aftermarket solutions and rapidly growing acceptance by end customers in the Energy market. Furthermore, since the addition of the Turbine Services platform in July 2009, customer acceptance has been very high, as demonstrated by the recent announcement of a three-year agreement with Entegra Power Group.

GTE is reporting an increase in expected revenue for the first quarter of 2010, an improvement supported by several operating units.

Aviation products have also enjoyed success with a recently announced $1.6M order from Pratt & Whitney, which demonstrates strengthening demand for this service, supported by energy efficiency and life cycle cost benefits and expectations to see further benefit from higher fuel prices.

“We are pleased to report generally stronger market conditions across several aftermarket sectors,” said Steven Zwolinski, Chief Executive Officer at GTE. “We are now in a much stronger position with our core product lines, with validated performance data in compressor cleaning as well as rapidly expanding customer acceptance of recently launched combustion products and turbine services platforms. “

The Q1 2010 expected revenue increase is on top of the strong first half 2009 performance reported in September. Overall, 2009 was a very challenging global energy market, in which GTE had top line growth in line with market expectations.

As the energy industry continues to conserve cash and investment spend and adjusts to demand profiles, GTE views continues to see 2010 as challenging. That said, GTE is better positioned to grow in such an environment with newly launched product and service offerings targeted at the more ‘recession resistant’ energy aftermarket segment.

GTE has been featured in several prominent power generation publications and conferences generating interest and additional proposals for new sales. Notably, in February 2010, GTE was featured at the 501F Gas Turbine Users Group Annual Conference in Orlando, FL, where Louisiana-based power producer Cleco Evangeline presented a case study on GTE’s compressor water wash systems as an optimal solution for operational improvements. The data presented offered an average percent power benefit of 1.18 percent and motivating an average increase in energy efficiency of 0.42 percent which translates to rapid return on investment.

A case study on the compressor water wash system is available for download from GTE’s website at http://www.gtefficiency.com/case_studies.asp.

“Long term economic and environmental factors appear to be strengthening across all sectors as customers place more value on fuel efficiency, asset output/performance and life cycle costs,” Zwolinski added. “GTE continues to invest in the solutions that customers require. These short term results are an early validation of that strategy.”

Full year 2009 results are expected to be announced on April 23, 2010 and will be available on the company’s website at http://www.gtefficiency.com.

About GTE

Gas Turbine Efficiency designs, manufactures and supplies proprietary cleantech energy saving and performance enhancing solutions to the power generation, oil and gas, and aviation industries. The company’s extensive portfolio of patented cleantech solutions save fuel, reduce emissions, increase availability, and extend turbine and parts life. The Group also provides solutions for burning a wider variety and quality of fuels such as liquefied natural gas, clean coal, and alternative fuel blends. Products and services developed by our world-class technology team include compressor cleaning and power augmentation systems; fuels management systems; combustion design, repair, upgrade and monitoring; fluid and control auxiliaries; and outage management services.

For more information about Gas Turbine Efficiency plc and its products and services, please visit http://www.gtefficiency.com.

For further information, please contact:

Gas Turbine Efficiency plc
Steven Zwolinski, Chief Executive Officer +46 8546 10 528
Megan Thomas, Director of Marketing and Communications +1 407 304 5236
media@gtefficiency.com

Matrix Corporate Capital LLP
Nick Ellis +44 3206 7365

Financial Dynamics
Jon Simmons +44 20 7269 7291
Susanne Yule

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