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THERMO POWER ANNOUNCES YEAR-END RESULTS

 WALTHAM, Mass., Nov. 10 /PRNewswire/ -- Thermo Power Corporation (AMEX: THP) today reported that revenues for the 12 months ended Oct. 2, 1993, were $75,429,000, compared with $34,137,000 in 1992. Net income was $1,923,000, compared with $355,000 in 1992.
 Marshall J. Armstrong, chairman and chief executive officer of Thermo Power, said, "We are pleased to report record revenues for the year -- a result of the successful integration of our new FES industrial refrigeration business."
 Thermo Power Corporation manufactures, markets, and services natural gas engines for vehicular and stationary applications, marine engines, industrial refrigeration equipment, and natural gas-fueled commercial cooling and cogeneration systems. The company also conducts research and development on advanced systems for clean-coal combustion and other high-efficiency gas-fueled devices. Thermo Power is a public subsidiary of Thermo Electron Corporation (NYSE: TMO).
 Thermo Power Corporation Financial Highlights
 Three Months Ended Twelve Months Ended
 Oct. 2, Sept. 26, Oct. 2, Sept. 26,
 1993 1992 1993 1992
 Revenues $19,226,000 $9,613,000 $75,429,000 $34,137,000
 Income before
 provision for
 income taxes 1,105,000 385,000 3,128,000 599,000
 Net income 679,000 241,000 1,923,000 355,000
 Earnings per
 share .06 .03 .18 .04
 Weighted average
 shares 12,229,000 7,894,000 10,676,000 7,891,000
 -0- 11/10/93
 /CONTACT: John Hatsopoulos of Thermo Electron, 617-622-1111/
 (THP TMO)


CO: Thermo Power Corp.; Thermo Electron Corp. ST: Massachusetts IN: MAC OIL SU: ERN

DJ -- NE003 -- 2636 11/10/93 09:37 EST
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Publication:PR Newswire
Date:Nov 10, 1993
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