EXHIBIT 99.1
Contact: Robert A. Lerman
860-683-2005
NEWS RELEASE OTCBB: TDYT
October 13, 2006
THERMODYNETICS NAMED ONE OF CONNECTICUT'S FASTEST GROWING TECHNOLOGY COMPANIES
IN DELOITTE'S TECHNOLOGY FAST 50 PROGRAM
ATTRIBUTES ENERGY-SAVING TECHNOLOGY FOR ITS 120 PERCENT REVENUE GROWTH
WINDSOR, CT - October 13, 2006 - Thermodynetics, Inc. (TDYT: OTCBB)
Thermodynetics has been named to Deloitte's prestigious Technology Fast 50
Program for the Connecticut Region, a ranking of the 50 fastest growing
technology companies in the area by Deloitte & Touche USA LLP, one of the
nation's leading professional service organizations. Rankings are based on the
percentage revenue growth over five years from 2001-2005.
Thermodynetics' President and CEO Robert A. Lerman credits the company's 120
percent revenue growth from 2001-2005 to the acceptance of the company's
subsidiary Turbotec Products' product line that supplies enhanced heat transfer
technology to a variety of industries. Lerman said "with the increasing emphasis
on energy-saving techniques and technology, Thermodynetics is poised for
substantial future growth."
To qualify for the Connecticut Technology Fast 50, companies must have had
operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be
headquartered in Connecticut, and be a company that owns proprietary technology
or proprietary intellectual property that contributes to a significant portion
of the Company's operating revenues, or devotes a significant portion of
revenues to the research and development of technology. Using other companies'
technology or intellectual property in a unique way does not qualify.
"Deloitte's Connecticut Technology Fast 50 companies have shown the strength,
vision and tenacity to succeed in today's very competitive technology
environment," said Alex Discepolo, Director Lead Tax Services, Deloitte Tax LLP,
Connecticut. "We applaud the success of Thermodynetics and acknowledge it as one
of the few companies in this region to accomplish such a fast growth rate over
the past five years."
Winners of the 16 regional Technology Fast 50 programs in the United States and
Canada are eligible to be entered into the Deloitte's Technology Fast 500
program, which ranks North America's top 500 fastest growing technology, media,
telecommunications and life science companies. For more information on the
Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit
WWW.FAST500.COM.
ABOUT THERMODYNETICS
Through its subsidiary Turbotec Products, Plc, Thermodynetics is a manufacturer
of high performance, high quality heat exchangers, fabricated metal components
and flexible connector products for heat
transfer, transportation, and plumbing applications. The company markets its
tubing products to the space conditioning, refrigeration, automotive,
biomedical, plumbing, appliance, water heating and aerospace industries.
Turbotec is quoted on AIM (a market operated by the London Stock Exchange) under
the symbol TRBO. Thermodynetics also owns a nominal interest in a private
Belgian company that is engaged in the nutraceutical industry that provides
natural, bioactive chemical compounds that have health promoting, disease
preventing or medical properties.
FORWARD LOOKING STATEMENTS
This report contains certain forward-looking statements regarding the Company's
business prospects and results of operations that are subject to certain risks
and uncertainties posed by many factors and events that could cause their actual
business, prospects and results of operations to differ materially from those
that may be anticipated by such forward-looking statements. Factors that may
affect such forward-looking statements include, without limitation: the ability
to successfully and timely develop and finance new projects, the impact of
competition on revenues, changes in unit prices, and supply and demand for the
product lines in the markets served.
When used, words such as "believes," "anticipates," "expects," "continue",
"may", "plan", "predict", "should", "will", "intends" and similar expressions
are intended to identify forward-looking statements, but are not the exclusive
means of identifying forward-looking statements. Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak only as of
the date of this report. The Company undertakes no obligation to revise any
forward-looking statements in order to reflect events or circumstances that may
subsequently arise. Readers are urged to carefully review and consider the
various disclosures made in this report, news releases, and other reports filed
with the Securities and Exchange Commission that attempt to advise interested
parties of the risks and factors that may affect their respective business