{"success":true,"data":{"pressRelease":{"id":"160243","rtpr_id":"nGNE5lHy2B-20261005","ticker":"TRBG","exchange":"NASDAQ","all_tickers":["TRBG","TURB"],"title":"TurboGen Announces New Agreement with Leading Engineering and Manufacturing Company for Serial Development and Manufacturing of Its 20kW Systems for the Defense and Civilian Markets","author":"Globe Newswire","published_at":"2026-10-05T11:00:00.259Z","article_body":"Agreement with EU-based manufacturer expands TurboGen’s defense and civilian\nmarkets and features an initial five-year term with automatic renewals to\nsupport ongoing commercial production\n\nPETAH TIKVA, Israel, Oct. 05, 2026 (GLOBE NEWSWIRE) -- TurboGen Ltd.\n(NASDAQ:TRBG) (TASE:TURB) (“TurboGen” or the “Company”), a developer\nof combined heat and power systems based on multifuel microturbines, today\nannounces it has entered into a long-term agreement (“LTA”) with an\nengineering and manufacturing provider for the serial development and\nproduction of the Company’s proprietary 20kW systems. \n\n“This milestone collaboration marks the transition from prototype\ndevelopment to serial production with a tier-one, EU-based global design and\nmanufacturer. Upon completion of the development phase, we anticipate\nreadiness for commercialization of our compact 20kW systems.” stated Yaron\nGilboa, TurboGen’s Chief Executive Officer. “This LTA also aims to support\nproduct sales for defense as well as civilian projects and sales. This LTA\nfurther demonstrates TurboGen’s dedication toward rapid advancement into\nserial production and revenue generation.”\n\nThe initial period of the LTA will be five years, with automatic annual\nrenewals designed to support ongoing commercial production and demand.\n\nAbout TurboGen\n\nFounded in response to technologically address the threat of climate change\nand the lack of grid capacity, TurboGen Ltd. (NASDAQ:TRBG) (TASE:TURB)\ndevelops combined heat and power systems based on multifuel microturbines.\nThese microturbines are used for local electricity, energy, and heat\nproduction. To learn more, please visit: https://turbogenchp.com.\n\nForward Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe “safe harbor” provisions of the Private Securities Litigation Reform\nAct of 1995 and other Federal securities laws. Words such as “expects,”\n“anticipates,” “intends,” “plans,” “believes,” “seeks,”\n“estimates” and similar expressions or variations of such words are\nintended to identify forward-looking statements. For example, TurboGen is\nusing forward looking statements in this press release when it discusses: its\ntransition from prototype development to serial production; commercialization\nof its compact 20kW systems; and its dedication towards rapid advancement into\nserial production and revenue generation. Because such statements deal with\nfuture events and are based on TurboGen’s current expectations, they are\nsubject to various risks and uncertainties and actual results, performance or\nachievements of TurboGen could differ materially from those described in or\nimplied by the statements in this press release. The forward-looking\nstatements contained or implied in this press release are subject to other\nrisks and uncertainties, many of which are beyond the control of the Company,\nincluding those set forth in the Risk Factors section of the Company’s\nRegistration Statement on Form F-1 filed with the Securities and Exchange\nCommission (the “SEC”) on March 12, 2026, as amended, which is available\non the SEC’s website, www.sec.gov. The Company undertakes no obligation to\nupdate these statements for revisions or changes after the date of this\nrelease, except as required by law.\n\nIR and Communications Contact:\n\nIR@turbogenchp.com","article_body_html":"","raw_payload":{"data":{"id":"nGNE5lHy2B-20261005","title":"TurboGen Announces New Agreement with Leading Engineering and Manufacturing Company for Serial Development and Manufacturing of Its 20kW Systems for the Defense and Civilian Markets","author":"Globe Newswire","ticker":"TRBG","created":"2026-10-05T11:00:00.259Z","tickers":["TRBG","TURB"],"exchange":"NASDAQ","article_body":"Agreement with EU-based manufacturer expands TurboGen’s defense and civilian\nmarkets and features an initial five-year term with automatic renewals to\nsupport ongoing commercial production\n\nPETAH TIKVA, Israel, Oct. 05, 2026 (GLOBE NEWSWIRE) -- TurboGen Ltd.\n(NASDAQ:TRBG) (TASE:TURB) (“TurboGen” or the “Company”), a developer\nof combined heat and power systems based on multifuel microturbines, today\nannounces it has entered into a long-term agreement (“LTA”) with an\nengineering and manufacturing provider for the serial development and\nproduction of the Company’s proprietary 20kW systems. \n\n“This milestone collaboration marks the transition from prototype\ndevelopment to serial production with a tier-one, EU-based global design and\nmanufacturer. Upon completion of the development phase, we anticipate\nreadiness for commercialization of our compact 20kW systems.” stated Yaron\nGilboa, TurboGen’s Chief Executive Officer. “This LTA also aims to support\nproduct sales for defense as well as civilian projects and sales. This LTA\nfurther demonstrates TurboGen’s dedication toward rapid advancement into\nserial production and revenue generation.”\n\nThe initial period of the LTA will be five years, with automatic annual\nrenewals designed to support ongoing commercial production and demand.\n\nAbout TurboGen\n\nFounded in response to technologically address the threat of climate change\nand the lack of grid capacity, TurboGen Ltd. (NASDAQ:TRBG) (TASE:TURB)\ndevelops combined heat and power systems based on multifuel microturbines.\nThese microturbines are used for local electricity, energy, and heat\nproduction. To learn more, please visit: https://turbogenchp.com.\n\nForward Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe “safe harbor” provisions of the Private Securities Litigation Reform\nAct of 1995 and other Federal securities laws. Words such as “expects,”\n“anticipates,” “intends,” “plans,” “believes,” “seeks,”\n“estimates” and similar expressions or variations of such words are\nintended to identify forward-looking statements. For example, TurboGen is\nusing forward looking statements in this press release when it discusses: its\ntransition from prototype development to serial production; commercialization\nof its compact 20kW systems; and its dedication towards rapid advancement into\nserial production and revenue generation. Because such statements deal with\nfuture events and are based on TurboGen’s current expectations, they are\nsubject to various risks and uncertainties and actual results, performance or\nachievements of TurboGen could differ materially from those described in or\nimplied by the statements in this press release. The forward-looking\nstatements contained or implied in this press release are subject to other\nrisks and uncertainties, many of which are beyond the control of the Company,\nincluding those set forth in the Risk Factors section of the Company’s\nRegistration Statement on Form F-1 filed with the Securities and Exchange\nCommission (the “SEC”) on March 12, 2026, as amended, which is available\non the SEC’s website, www.sec.gov. The Company undertakes no obligation to\nupdate these statements for revisions or changes after the date of this\nrelease, except as required by law.\n\nIR and Communications Contact:\n\nIR@turbogenchp.com"},"type":"article","timestamp":"2026-10-05T11:00:00.56444429Z","server_sent_at_ms":1791198000564},"received_at":"2026-10-05T11:00:00.643Z","source_url":null},"analysis":{"id":"148808","press_release_id":"160243","analysis_json":{"industry":{"label":"Electrical Equipment","sector":"Industrials"},"redFlags":["manufacturing partner is unnamed, limiting verification of tier-one status","no revenue figures, order volumes, or deal value disclosed; commercialization still contingent on completing development phase"],"eventType":"partnership","narrative":"TurboGen signed a long-term agreement with an unnamed EU-based engineering and manufacturing company for serial development and production of its proprietary 20kW systems.\n\nThe agreement has an initial five-year term with automatic annual renewals and targets both defense and civilian markets.\n\nCEO Yaron Gilboa framed the deal as the transition from prototype development to serial production, supporting commercialization readiness and revenue generation.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Small-cap microturbine developer moves toward serial production via five-year EU manufacturing LTA -- watch for named partner and order volumes."},"keyFigures":{"customDimensions":{"lta_renewals":"automatic annual renewals","system_capacity":"20kW","lta_initial_term":"5 years"}},"quotedText":"This milestone collaboration marks the transition from prototype development to serial production with a tier-one, EU-based global design and manufacturer.","namedEntities":{"people":[{"name":"Yaron Gilboa","role":"CEO of TurboGen"}],"products":["20kW multifuel microturbine combined heat and power systems"],"companies":[{"name":"TurboGen Ltd.","ticker":"TRBG","relationship":"filer"},{"name":"Unnamed EU-based engineering and manufacturing provider","relationship":"manufacturing partner"}],"dollarAmounts":[]},"materialImpact":{"score":3,"reasoning":"Long-term agreement with a tier-one EU manufacturer for serial production of TurboGen's proprietary 20kW systems marks a prototype-to-commercialization transition, but no revenue figures, order volumes, or dollar values are disclosed and the partner is unnamed."},"tickerRelevance":{"others":[],"primary":"TRBG"},"globalImportance":18,"audienceRelevance":10,"eventTypeSecondary":["operations_update"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"early-commercialization partnership without disclosed financials","partnerDisclosed":false}},"event_type":"partnership","event_type_secondary":["operations_update"],"sentiment":"bullish","material_impact_score":3,"narrative":"TurboGen signed a long-term agreement with an unnamed EU-based engineering and manufacturing company for serial development and production of its proprietary 20kW systems.\n\nThe agreement has an initial five-year term with automatic annual renewals and targets both defense and civilian markets.\n\nCEO Yaron Gilboa framed the deal as the transition from prototype development to serial production, supporting commercialization readiness and revenue generation.","key_figures":{"customDimensions":{"lta_renewals":"automatic annual renewals","system_capacity":"20kW","lta_initial_term":"5 years"}},"named_entities":{"people":[{"name":"Yaron Gilboa","role":"CEO of TurboGen"}],"products":["20kW multifuel microturbine combined heat and power systems"],"companies":[{"name":"TurboGen Ltd.","ticker":"TRBG","relationship":"filer"},{"name":"Unnamed EU-based engineering and manufacturing provider","relationship":"manufacturing partner"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-05T11:00:05.585Z","global_importance":18,"audience_relevance":10,"importance_components":{"tickerTier":"micro-cap","eventGravity":"early-commercialization partnership without disclosed financials","partnerDisclosed":false}},"durationMs":4892,"modelName":"glm-5.3-flashx"}}