MONTREAL, Feb. 27 /CNW/ - AAER Inc. (TSX-V: AAE) ("AAER" or the
"Company"), Canada's only wind turbine manufacturer, today announced that it
has retained the services of Helmut W. Moll, P.Eng., a leading strategic
advisor in the wind industry, to assist the Company in developing additional
banking relationships and further expand its supply chain. Through this
relationship, AAER will have access to administrative and office
infrastructure in Bonn, Germany.
"Europe has been at the forefront of the renewable energy sector with the
development of leading technologies, the emergence of global manufacturers,
and the deployment and financing of its alternative energy infrastructure.
Accordingly, Europe plays an important role in our industry today and Mr.
Moll's extensive experience will enable AAER to further develop its
interactions with manufacturers and financial players. His access to a long
established network will be instrumental in delivering our business plan and
will bring us closer to our objective of becoming the premier North-American
wind turbine manufacturer," said Dave Gagnon, President and CEO of AAER.
Mr. Moll has over 35 years of experience in the energy industry. He was
most recently a board member of an independent German wind turbine
manufacturer and advisor to Harpen AG, the renewable power distribution
affiliate of the German conglomerate RWE Group. He also acted as an advisor to
the German Energy Supply Industry, helped establish the International Energy
IPP Group and held various management positions at energy companies around the
globe. Mr. Moll started his career at AEG Siemens AG as a Nuclear engineer in
Cologne and he holds an Engineering Diploma in Physics and Technology from the
Technical University of Aachen in Germany.
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 a
competitive pricing to its customers. AAER uses proven European technologies
to ensure the performance of its turbines in various wind conditions and
complex terrains. Its stock is listed on the TSX Venture Exchange (AAE).
Additional information is available on the Company's Website at www.aaer.ca.
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.
For further information:
For further information: AAER Inc., Dave Gagnon, President, Telephone:
(450) 534-5155, www.aaer.ca; The Equicom Group Inc., Danielle Ste-Marie,
Telephone: (514) 844-6064, firstname.lastname@example.org