MONTREAL, Oct. 7 /CNW/ - AAER Inc. (TSX-V: AAE), Canada's only original equipment manufacturer of wind turbines of 1 megawatt ("MW") and more, announced today the opening of a corporate and sales office in Toronto in order to better serve the rapidly expanding wind energy market in Ontario. A senior member of AAER's management team, Daniel Charette, Vice-President of Sales & Business Development, will be based in this office, located at TD Canada Trust Tower.
"The Ontario Government's strong commitment to renewable energy, as evidenced by the Green Energy Act (GEA) and subsequent regulations including the Feed-in-tariff for onshore and offshore wind energy projects announced last week, will make the province North America's largest wind energy market in the near future," said Dave Gagnon, AAER's President and CEO. "Our company is uniquely positioned to participate in this exciting growth by offering project developers proven technology at a competitive cost and the highest level of domestic content as stipulated in the GEA."
About AAER Inc.
AAER is a wind turbine manufacturer located in Bromont, Quebec that manufactures and maintains high capacity 1 Megawatt or more wind turbines principally for the North American market. Its strategy is to progressively build its product's components to provide a high level of reliability and competitive pricing to its customers. AAER uses a portfolio of proven European technologies to ensure the performance of its turbines in various wind conditions and terrains. Its stock is listed on the TSX Venture Exchange (TSX-V: AAE). Additional information is available on the Company's website at www.aaer.ca.
This news release contains certain forward-looking statements or forward looking-information. These forward looking statements are subject to a variety of risks and uncertainties beyond the Corporation's ability to control or predict which could cause actual events or results to differ materially from those anticipated in such forward looking statements. Such risks and uncertainties are disclosed under the heading "Risk Factors" in the Corporation's Annual Information Form for the year ended December 31, 2008 and dated March 26, 2009. Further, forward-looking information is in addition based on various assumptions, including, without limitation, assumptions about: (i) general business and economic conditions; (ii) selection of the Corporation's client bids in different requests for proposals; (iii) the availability of financing on reasonable terms; (iv) the availability of key components for the assembly of wind turbines, (v) the costs of raw materials and parts; (vi) the Corporation's ability to attract and retain skilled staff; (vii) market competition; (viii) the technology offered by the Corporation's competitors; (ix) the Corporation's ability to meet contractual obligations and delivery dates; and * the Corporation's ongoing relations with employees and with clients. Should one or more of these risks and uncertainties materialize, or should the underlying assumption prove incorrect or different, actual results may vary materially from those described in the forward-looking statements. All forward looking statements speak only as of the date of this news release. Accordingly, readers should not place undue reliance on forward-looking statements.
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SOURCE AAER INC.
For further information: For further information: AAER Inc. Dave Gagnon, President, Telephone: (450) 534-5155, www.aaer.ca