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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Gas Turbine Efficiency to Showcase Innovative Solutions at Western Turbine Users Conference in San Diego

GTE will present technical information and proven solutions to gas turbine operators attending the conference

ORLANDO, Florida — Gas Turbine Efficiency plc (AIM: GTE), a leader in energy and aviation products and services, will be attending the upcoming Western Turbine Users, Inc. (WTUI) conference to exchange technical, operations and maintenance information.

GTE plans to showcase its line of compressor cleaning systems and fuel conditioning solutions at the WTUI conference, interacting with attendees to improve the reliability and financial viability of LM Series gas turbines in use by gas turbine operators worldwide.

GTE’s innovative online and offline water wash systems use a patented process that increases plant availability and fuel efficiency. This system has been proven on over 800 gas turbines across the globe with more than 20 million operating hours and can reduce water consumption by up to 65 percent, and gain 3 percent in performance recovery, 1 percent in heat rate and 2 percent availability improvements.

The company’s Fuel Conditioning Systems assist gas turbine operators in eliminating entrained liquids and contaminants, which can cause premature parts failure or increased maintenance. By removing liquids from gas, GTE can help gas turbine operators increase outage intervals and decrease maintenance.

The conference will be celebrating its 20th anniversary since Western Turbine Users, Inc. created the forum as a place for gas turbine operators to exchange information involving LM2500, LM5000, LM6000 and LMS100 aeroderivative gas turbine engines.

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; and fluid and control auxiliaries.

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
media@gtefficiency.com
Phone: 407.304.5236

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Gas Turbine Efficiency Compressor Wash Systems Increase Power Generation Output

GTE’s innovative clean technology recovered 2 megawatts of lost performance in client’s power plant

ORLANDO, Florida — Gas Turbine Efficiency plc (AIM: GTE), a leader in energy and aviation products and services, is using its cleantech water wash systems to keep Energy Industry clients’ gas turbines in optimal operating condition, helping these power generation companies increase their energy output, reduce emissions and improve heat rate.

A recent case study from GTE shows how one of the largest energy retailers in North America successfully installed an online compressor wash system on two GE MS7001EA gas turbines at their Texas plant. With this enhancement, the energy producer increased output and can avoid unscheduled downtime to clean the compressor that would otherwise be required to bring the gas turbine back to its output potential.

“Internal and external contaminants can cause gas turbine’s compressor blades and vanes to foul, which in turn can lead to surging, blade corrosion,  and significant efficiency loss,” said Robert Burke, Manager Applications Engineer at GTE. “By installing GTE’s compressor wash system, our client recovered lost productivity and effectively paid for the system in the first 3.2 months of operation.

The attached published data has quantified the benefits of installing the GTE water wash system and reports recovering lost power of up to two Megawatts in this power generator a sizeable improvement when compared to its gas turbine operation before installing the system. From an environmental perspective, this installation also recorded a NOx reduction of 1958.4 lbs per year and 1468.8 lbs per MW-Hr of CO.

By installing a GTE online compressor wash system, a power plant has the potential to extend the time between offline washes through the peak season with much less performance loss—a solution that offers gas turbine operators cost savings without compromising efficiency.

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; and fluid and control auxiliaries.

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 Communications
Gas Turbine Efficiency
media@gtefficiency.com
Phone: 407.304.5236

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Gas Turbine Efficiency to Attend Power-Gen International 2009 to Present New Energy Products and Services

GTE will showcase an expanded technology platform and energy efficient products

ORLANDO, Florida — Gas Turbine Efficiency plc (AIM: GTE), a leader in energy and aviation products and services, will be exhibiting at Power-Gen International 2009, the world’s largest Energy Industry convention. GTE will present innovative new products and services geared for gas turbine operators seeking options to increase efficiency and productivity.

GTE booth display at Power-Gen International 2009 in Las Vegas

Power-Gen International’s conference and expo will be held on December 8-10, 2009 in Las Vegas, NV, and will host over 18,000 attendees interested in learning about the latest technology, equipment and services in diverse aspects of the Energy Industry. The show will feature insightful discussions, educational conference sessions and networking exchanges with the power sector’s leading companies.

“GTE is committed to lead in power generation and continue the development of cleantech solutions for the Energy Industry,” said Steven Zwolinski, Chief Executive Officer at GTE. “Power-Gen International allows us to connect directly with the decision-makers who procure our services for their gas turbine operations.”

Top executives will be on hand to discuss the benefits of GTE’s products and services portfolio. CEO Steven Zwolinski and Chief Technology Officer Thomas Wagner will be present to discuss the latest innovations from GTE including Combustion System Upgrades, DLN and DLE Automated Turning, Compressor Cleaning, Power Augmentation, Fuel Conditioning, Emission Reduction, Modifications and Upgrades, and Outage Management options.

One of the GTE featured forward-thinking solutions includes ECOMAX(TM), an automated tuning system. ECOMAX(TM) provides a fully customizable solution for gas turbine operators to achieve customer-determined operational objectives such as increased power, emissions optimization and life extension of expensive turbine hardware. Another new offering is the Turbine Services group which provides technical expertise, engineering and manpower services to gas turbine power plants requiring critical maintenance, inspections and upgrades, and quick-response to customer forced outages.

Gas Turbine Efficiency will be available to discuss these and all of its offerings at their booth in the front row of the Power-Gen International’s exhibition hall, booth C3/600.

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; and fluid and control auxiliaries.

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 Communications
Gas Turbine Efficiency
media@gtefficiency.com
Phone: 407.304.5236

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Gas Turbine Efficiency Launches Initiative to Enhance Communication with Clients, Investors, Employees and the Community

GTE is increasing its public relations efforts to create awareness for its relevance in the market using open communication links and the latest web technology

(ORLANDO, FL) — October 23, 1009 — Gas Turbine Efficiency, plc (AIM: GTE), a leader in energy and aviation products and services, has organized and launched a new public relations effort to communicate relevant facts and insights to its clients and investors as well as industry and market influencers. GTE’s expanded corporate communication efforts will increase awareness for its energy services and aviation business, while improving relations with investors, employees, suppliers, customers and the media.

“There is much opportunity in deploying an integrated marketing communications platform to share information about GTE”, says Marcus Turner, Chief Marketing Officer at GTE. “With so many new developments in the company, this is the right time to make use of the tools and the effort to spread the message across multiple audiences worldwide”.

Gas Turbine Efficiency has launched an initiative to enhance its communication with clients, investors, employees and the community.

Consistent communication will be enabled through scheduled press releases, a GTE blog, and other forms of social media and public relations efforts as part of a sustained initiative with the support of Dream Factory Productions, an integrated marketing communications agency in Orlando.

“Social media is here to stay and only companies that choose to integrate it into their marketing strategies will succeed”, says Andres Goyanes, Chief Marketing Officer at Dream Factory Productions who is also a past president of the American Marketing Association of Central Florida. “It is the natural evolution of online marketing, branding and direct response for global companies like GTE”.

“We have been working with GTE for several years on their advertising and marketing efforts. GTE has taken the appropriate time to invest in the technology, brand and infrastructure so that an effort such as this will be relevant and valuable for the stakeholders”, says Paulo Cigagna CEO at Dream Factory Productions. “Their timing is excellent in the evolution of their company”

GTE’s products make power generation greener and more profitable by designing and delivering forward thinking cleantech solutions that improve efficiency and productivity for its energy services and aviation clients. The company recently launched its Turbine Services business group to further increase its foothold in the power generation industry.

GTE will be exhibiting at Power Gen 2009, the largest energy industry convention in North America, on December 8-10, 2009 in Las Vegas, NV.

About GTE

Gas Turbine Efficiency designs, manufactures and supplies proprietary cleantech energy saving and performance enhancing solutions to the power generation, oil & 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; and fluid and control auxiliaries.

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

About Dream Factory Productions

Dream Factory Productions, Inc. is a full-service marketing, advertising and production company located at Universal Studios in Orlando, Florida. Dream Factory Productions offers both traditional and cutting edge agency solutions for global-minded companies in the United States and more than a dozen countries worldwide.

For more information about Dream Factory Productions, please visit http://www.DreamFactoryProductions.com.

For more information:

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

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