BROOKSHIRE, Texas–(BUSINESS WIRE)–Signal Power Group (“Signal Power” or “SPG”) announced today an expansion of its partnership with Honeywell to broaden the reach of Honeywell’s storied turboshaft turbine engine technology. The latest turboshaft technology, developed as part of Honeywell’s T55-714C program, expands the partnership to now include the energy service market. The advanced turboshaft technology has been exclusively licensed to Signal Power, which will continue to be the original equipment manufacturer, for use in distributed power generation, combined heat and power, pressure pumping, marine propulsion, and other energy and industrial applications. These new equipment packages will broaden SPG’s product offering and offer greater versatility to customers. The strategic relationship between Honeywell and Signal Power continues to be supported with investment funds managed by Morgan Stanley Energy Partners, part of Morgan Stanley Investment Management, which remains the majority shareholder in SPG.
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