AAER signs a turbine supply agreement with Mont Louis Wind L.P. for delivery of 61 A-1650 wind turbines



    
    /NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR DISSEMINATION IN
    THE UNITED STATES/
    

    MONTREAL, May 9 /CNW/ - AAER Inc. (TSX-V: AAE), ("AAER" or the
"Company"), Canada's only original equipment manufacturer of wind turbines of
1 megawatt ("MW") and more, announced today that it has signed a conditional
turbine supply agreement (the "Agreement") for the delivery and commissioning
of 61 1.65 MW wind turbines to Mont Louis Wind L.P., represented by NPI Wind
Power GP II Inc. and Northland Power Wind GP II Inc. ("Northland Power"), for
its 100.65 MW wind farm project in Saint-Maxime-du-Mont-Louis, Quebec, Canada
(the "Mont Louis Project").
    "We are quite excited about the Agreement for the Mont Louis Project.
This project has a strategic value to AAER as it represents our lead order for
the A-1650" said Dave Gagnon, President and Chief Executive Officer of the
Company. "We are pleased to be working with a proven developer such as
Northland Power and we look forward to the beginning of the manufacturing
phase of this agreement."
    The Agreement includes provisions for supplying the Mont Louis Project
with 61 complete wind turbines with cold weather packages, a SCADA operating
system as well as testing and commissioning services. As is common practice
for agreements of this nature in the wind industry, the turbine supply
agreement is subject to a "notice to proceed", to be given by Mont Louis Wind
L.P. once a number of conditions precedent have been met to Northland Power's
satisfaction and once final permitting, approvals and financing have been
obtained by both parties. Under the Agreement, delivery of turbines would
occur during the third quarter of 2010 provided that a notice to proceed is
given in the summer of 2009. The Agreement also provides for operations and
maintenance services to be provided to Mont Louis Wind L.P. over a two-year
period.
    The A-1650 is an optimized version of AAER's existing 1.5 MW A-1500 wind
turbine, and its addition to the Company's product portfolio enables AAER to
offer a high degree of customization for each potential project, as well as
competitive pricing for a range of different project configurations.

    About AAER Inc.
    ---------------

    AAER is a wind turbine manufacturer located in Bromont, Quebec that
manufactures and maintains high capacity 1 MW 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 Corporation's website
at www.aaer.ca.

    Forward-Looking Statements
    --------------------------

    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.

    
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    

    %SEDAR: 00019641EF




For further information:

For further information: AAER Inc., Dave Gagnon, President, Telephone:
(450) 534-5155, www.aaer.ca; The Equicom Group Inc., Alice Dunning, Telephone:
(416) 783-4678, adunning@equicomgroup.com

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AAER INC.

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