A little company with a great future, making hybrid motive power units for buses, etc.

They are in the process of getting more contracts.
This stock is going to the stars.

RNS Number:9585H
Traction Technology PLC
19 November 2007

Traction Technology Plc (AIM: TRAC)
Agreement with Optare to develop and market hybrid busesTraction Technology Plc ("Traction" or the "Company"), a designer and deliverer of environmentally friendly, low emission series diesel electric hybrid engine systems, announces that it has signed a Memorandum of Understanding with The Optare Group ("Optare"), one of the UK's leading bus and coach designers and manufacturers, to jointly develop a range of single deck series hybrid vehiclesfor the UK bus market. It is planned to produce the first prototype vehicle based upon an Optare Versa with Traction's super capacitor powerpack by Spring 2008.

Subject to the satisfaction of certain fuel economy and emissions targets,Optare has taken an option to build a minimum of 10 vehicles during 2008 forsale to various operators in the UK. Both parties are optimistic regarding the further sales opportunities for this new offering to the market.Traction's hybrid engine systems are already on trial with four separate bus companies in Merseyside, Suffolk, Sussex and with Epsom coaches on behalf of Transport for London.

Nick Brayshaw, Chairman of Traction, commented: "This agreement with Optare is a major step forward for Traction and now provides us with a direct route to market. We look forward to providing Optare with the proven technological advancements that we have made in our hybrid power and control systems in its operational environment."

Optare plays a leading role in UK bus design and manufacture and is one of themarket leaders for single deck vehicles in the UK bus industry. The business comprises of three divisions: Bus Manufacturing, Coach Sales and Unitec, its dedicated after-sales and parts division. Optare employ 550 people across all divisions and has an annual turnover of around 60m. For more information visit http://www.optare.com.

TOYA. SVS SECR' SELLING TRAC for 12p. should I buy.

Chairman of Traction Technology, Nick Brayshaw, commented:

'It is disappointing that the challenging market is developing at a slower rate than we had anticipated, including the delay in the Transport for London trials. We continue to believe that the Company has class leading technology and we are delighted with the development of the Generation 3 TRIBRID Power Pack which is currently on trial in the test facility, the trial is performing ahead of expectations. I would like to assure shareholders that we are working to address the situation and will investigate a range of options to maximize shareholder value.'

Shares in hybrid engine company Traction Technologies slumped by more than half after it said it will not meet a deadline to jointly develop a hybrid bus with vehicle manufacturer Optare.

"While Traction and Optare are actively working towards the development of the prototype, it is now expected that the vehicle will not be completed before the end of June 2008," Traction said.

"In light of the new timetable for the completion of the prototype vehicle, Traction now considers it unlikely that it will be requested to supply its hybrid power pack system to those 10 vehicles for Optare in 2008."
now 6p

3p today

What a disaster today!?

yes but the management know the value.rumour is they are putting together a 20p+ bid.dyor

Why would anybody pay 20p for something the liquidator will be obliged to sell for next to nothing?

20p lol

Good grief - what a disaster this has turned out to be. Glad I took my few pence profit pack in Nov. Just goes to show that with these AIM companies it probably is best to take a profit when poss rather than hold long term.

do not fear management know the real value.

So they very well may - but they'll be able to get it for a lot less than 20p from the liquidator!

holmes......yer kidding yourself on.....you really think people doing an MBO would pay 8 times what the compnay is worth om the stock market...dont think so.

as Toya says liquidation looks likely...shares will be suspended soon I would have thought

no danger treblewide.no big sellers since announcement.all tiddly sells .mm,s have walked this down any buyer will be 20p+

dont be a clown...no money left turnover of about 2k per annum and they cannot get theor prodcut to work......yeah it is a company I can see getting sold for nearly 30M....dont be so feckin stupid...you are going to loose all that remains of your money

product does work only a delayed order.idiot

yeah yeah whatever.....i am an idiot? not me how must be about 80% down on their holidng of this.....great stock picking.

goodbye

idiot

i can lend you a tenner if you are skint

holmes is a wind up merchant Treb that tips crap on purpose to get a reaction.

I think I know who he is so ignore him he'll get himself banned within a couple of weeks won't you captain holmes lol.



:-)