AAER Delivers First of Two Turbines to Windland Inc.

    MONTREAL, June 5 /CNW/ - AAER Inc. (TSX-V : AAE) ("AAER" or the
"Corporation"), Canada's only original equipment manufacturer of wind turbines
of 1 megawatt ("MW") and more, announced today that it has shipped the first
of two 1.5 MW wind turbines to Windland Inc. ("Windland") for their wind farm
project in Tehachapi, California. The agreement to supply Windland with two
1.5 MW wind turbines was announced in April 2008.
    "Since the commissioning of our Bromont, Quebec manufacturing facility in
the fourth quarter of 2008, we continue to deliver our production plan and we
are proud to have shipped the third turbine that was produced from our
facility," said Dave Gagnon, President and CEO of AAER. "We expect to deliver
the remaining turbine to Windland during the second quarter of 2009, and we
look forward to continuing to enhance our international profile as we fulfill
our customer orders in the U.S., Canada, and Europe.
    In addition to the turbine sales agreement, worth approximately US$4.2
million plus shipping cost, AAER also entered into an extended warranty,
maintenance and service agreement with Windland for a period of five years.
The A-1500 turbine is a multi-purpose turbine that can be adapted to various
locations and wind conditions and has one of the lowest weights to kW ratios
in the industry.

    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.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    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, MBA, CFA,
Telephone: (416) 815-0700 ext. 255, adunning@equicomgroup.com

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890