BROMONT, QC, Feb. 9 /CNW Telbec/ - Dave Gagnon, president and CEO of AAER
Inc. ("AAER" or "the Company"), this morning officially opened the production
plant in Bromont at a ceremony attended by regional elected officials as well
as many customers, partners and employees. Canada's only original equipment
manufacturer of wind turbines of 1 or more megawatts ("MW") also took the
opportunity to unveil the second wind turbine it manufactured for the city of
Portsmouth, Rhode Island, which will be shipped out today to the site where it
will be installed.
"Today, we are achieving a milestone in our growth and reaping the
rewards of eight years of perseverance and nearly $35 million in investments
in Quebec. First and foremost, we have realized our aspirations to contribute
to the transfer of European technology to Quebec, use local components in the
manufacture of our turbines, sign partnership agreements with suppliers that
will grow with us and play an active role in Quebec's economic growth,
especially in the regions," said Mr. Gagnon.
This past January, AAER delivered the first wind turbine produced at its
facility in Bromont to the US Marine Corps logistics base in Barstow,
California. The Company expects to pick up the pace throughout 2009 as it
consolidates its international reputation with the delivery of additional wind
turbines to American, Canadian and European customers.
"More than ever, with our state-of-the-art facilities, we can rightly
claim to be the sole Canadian manufacturer of wind turbines of 1 or more
megawatts. Local expertise is still young, but we are contributing to
stimulating and developing it, and to raising awareness of it both at home and
around the world. We intend to continue growing and to tackle the challenges
that come our way with confidence and enthusiasm," Mr. Gagnon concluded.
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
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 Company's website at
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.
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For further information:
For further information: Dave Gagnon, president and CEO, AAER Inc.,
(450) 534-5155, www.aaer.ca; Roch Landriault, NATIONAL Public Relations, (514)
843-2345, Cell: (514) 249-4537, email@example.com