AAER signs memorandum of understanding with TransCanada for the potential supply of wind turbines



    MONTREAL, Sept. 24 /CNW/ - AAER Inc. (TSX-V: AAE) ("AAER" or the
"Company") a Quebec based Canadian wind turbine manufacturer today announces
that it has signed an agreement with TransCanada Energy Ltd. for the potential
supply of wind turbines for Hydro Quebec Distribution's 2,000 MW wind request
for proposal ("RFP"). Under the agreement, AAER has offered wind turbines for
an undisclosed number of TransCanada's wind projects in the province. The
terms of the agreement are confidential.
    TransCanada is the majority partner in Cartier Wind Energy Inc., which
won 6 projects totaling 740 MW in the previous wind RFP held by Hydro Quebec
Distribution in 2004.
    "Having our technology selected by one of North America's leading energy
companies is a great achievement", declared Dave Gagnon, President and CEO of
AAER. "TransCanada is an experienced developer and operator of wind farms and
is a significant independent power producer in the province of Quebec. We are
excited by the prospects of supplying them with our locally built and
assembled wind turbines."

    About AAER Inc., (TSX-V: AAE)
    -----------------------------
    AAER is a wind turbine manufacturer, located in Bromont, Quebec, and
operating with a strategy of progressively building its product's components.
The Company's mission is to manufacture and maintain high-capacity wind
turbines of 1 MW and more in North America. AAER uses proven European
technologies to ensure high performance of its turbines in various wind
conditions and on complex terrain. Its stock is listed on the TSX Venture
Exchange (AAE). Additional information is available on the Company's Website
at www.aaer.ca.

    About TransCanada (NYSE and TSX: TRP)
    -------------------------------------
    With more than 50 years experience, TransCanada is a leader in the
responsible development and reliable operation of North American energy
infrastructure including natural gas pipelines, power generation, gas storage
facilities, and projects related to oil pipelines and LNG facilities.
TransCanada's network of wholly owned pipelines extends more than 59,000
kilometres (36,500 miles), tapping into virtually all major gas supply basins
in North America. TransCanada is one of the continent's largest providers of
gas storage and related services with approximately 360 billion cubic feet of
storage capacity. A growing independent power producer, TransCanada owns, or
has interests in, approximately 7,700 megawatts of power generation in Canada
and the United States. TransCanada's common shares trade on the Toronto and
New York stock exchanges under the symbol TRP.

    Forward-Looking Statements
    --------------------------
    This news release contains certain forward-looking statements. These
statements relate to future events or AAER's future economic performance and
reflect the current assumptions and expectations of management. Certain
unknown factors may affect the events, economic performance and results of
operations described herein. AAER undertakes no obligation, and does not
intend to, update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as may be
required under applicable law.

    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.: Eric Bouchard, Telephone:
(514) 844-7997, ebouchard@equicomgroup.com

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