France - AAER signs agreement for delivery of first next-generation 2 MW wind turbine

Canada’s only original equipment manufacturer of wind turbines of one MW and more, announced today that it has signed an agreement with AAER SAS and Valorem SAS for the delivery of a first 2 MW wind turbine, scheduled for the end of 2008. The A-2000 wind turbine will be commissioned on the Criel Énergies SARL site in the municipality of Criel sur mer, France, one of the French wind energy producer’s current sites.

The A-2000 represents a significant technological advance. Its torque control system is optimized through a variable-speed automatic transmission, allowing the wind turbine to operate at maximum efficiency in different wind conditions. This unique technology also makes it possible for the A-2000 wind turbine to seamlessly adapt to various types of electrical grids, including those typically deployed in North America.

“This agreement is of great strategic value to AAER and represents an important milestone in our growth. Besides marking our entry into the European market, it enables us to quickly provide for a technological showcase for our most powerful wind turbine,” said Dave Gagnon, President and Chief Executive Officer of the Company. “The opportunity for our European and North American customers to have access to an operational turbine will greatly facilitate and accelerate the sales cycle, as well as the various associated steps, such as project financing and access to different specialized financial products.”

AAER SAS, 67% owned by AAER and 33% by Valorem, is responsible for distributing the A-2000 model in France. AAER SAS benefits from the expertise in logistics, erection and commissioning of Valrea SAS, a wholly-owned subsidiary of Valorem.

About Valorem SAS:
Valorem SAS has been active in France since 1994, notably in the area of renewable energy studies and in the development of wind farms. More specifically, Valorem has developed its skills in the wind industry through capacity studies or engineering mandates for the interconnection of wind facilities to grids. Valorem has developed and constructed on its behalf or for third parties, seven wind projects for a total of approximately 70 MW and is currently undertaking the development of about one hundred wind projects throughout France. Additional information is available on Valorem’s Website at www.valorem-eolien.com.

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.