Turbotec Products - Payment Claim Response

RNS Number:8477H

Turbotec Products PLC

15 November 2007

Press Release 15 November 2007

Turbotec Products Plc

('Turbotec' or the 'Company')

Turbotec response to Thermodynetics, Inc. ('Thermodynetics') payment claim

The Company has become aware of the following statement in an announcement of 8

November by Thermodynetics, a majority shareholder in the Company, in relation

to Thermodynetics' President and CEO, Robert A Lerman:

'Mr Lerman informed shareholders that due to an ongoing controversy since June

with the Turbotec board of directors that could not be resolved through

negotiations, Thermodynetics had not been paid the dividend it was due and

determined that it would be filing suit in London against Turbotec to collect

the sums due. He expressed deep regret that Thermodynetics is forced to resort

to the use of the courts.'

The Company believes that Mr Lerman's statements, and the Thermodynetics

announcement, are inaccurate and potentially misleading, and notified

Thermodynetics of this before the statement was released. Negotiations to

resolve the relevant dispute were at an advanced stage before the 8 November and

Turbotec directors do not believe any additional payment was, or is due to

Thermodynectics. Furthermore, the Company has not received notice of any claim

to date, and in the event that a claim is received, the Company will vigorously

defend it.

For further information please contact:

Turbotec Products Plc

Sunil Raina, Managing Director Tel: +1 (860) 683 2005

SRaina@turbotecproducts.com

Media enquiries:

Abchurch Communications

Charlie Jack/ Emma Johnson Tel: +44 (0) 207 398 7784

emma.johnson@abchurch-group.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCEAXFSFEDXFFE