VANCOUVER, Jan. 15 /CNW/ - Xantrex Technology Inc. (TSX:XTX) announced
today that it has received a purchase order valued at $25 million from a
leading North American wind turbine manufacturer to supply multi-megawatt
power converters. Xantrex expects to ship most of the wind converters in 2008
beginning in the second quarter. In the first quarter of 2008, we expect to
ship $3 million of the remaining wind converters from the $12 million May 2007
"Wind products are an integral part of our Renewable Power portfolio,"
said Mossadiq S. Umedaly, Xantrex Chairman, "and the fast-growing North
American wind market is clearly a strategic target. We are pleased with the
increased size of the order for our wind business in 2008."
Xantrex wind converters efficiently and reliably convert and control
variable power from wind turbine generators into high-quality AC power for the
Xantrex CEO John Wallace commented, "This significant increase in the
size of the purchase order demonstrates that Xantrex has proven itself as an
excellent supply partner for wind converters. We are looking forward to
continuing our relationship at the new higher level."
Wind energy is one of the fastest growing renewable energy sources around
the world. In the U.S. for 2007, industry observers expect installed wind
energy capacity to have risen by 30%. Compared with fossil fuels, wind energy
offers a superior emissions profile, including mitigation of global warming,
attractive life-cycle costs, and secure sourcing.
Xantrex Technology Inc. (www.xantrex.com) is a world leader in the
development, manufacturing and marketing of advanced power electronic products
and systems for the renewable, programmable, mobile, and portable power
markets. The company's products convert and control raw electrical power from
any central, distributed, renewable, or backup power source into high-quality
power required by electronic and electrical equipment. Headquartered in
Vancouver, British Columbia, the company has facilities in Arlington,
Washington; Livermore and San Diego, California; Elkhart, Indiana; Barcelona,
Spain; and Reading, England. Xantrex is listed on the Toronto Stock Exchange
under the ticker symbol "XTX".
Note that this news release may contain forward-looking statements
related to Xantrex Technology Inc. Such statements reflect the current views
of Xantrex with respect to future events and are subject to risks and
uncertainties that could cause actual results to differ materially from those
contemplated in these forward-looking statements.
For further information:
For further information: Donna Clark, (604) 422-2601,