Canada - Xantrex announces US $12 million wind converter order from Clipper Windpower for 2006

Order valued at $10 million over two years

Xantrex Technology Inc. (TSX:XTX) has received an order for wind converters valued at $12M from Clipper Windpower Technology Inc. of Carpinteria, CA for delivery in 2006. This order exceeds the framework agreement announced on September 15, 2005 for approximately $10 million over two years. These Xantrex converters will be used in Clipper's new 2.5 megawatt Liberty wind turbine. "This order is indicative of the firming of our business prospects," said James Dehlsen, Chairman and Chief Executive Officer of Clipper. "We believe this relationship has already created significant opportunities for both companies," said Xantrex Chairman Mossadiq Umedaly. "This order positions Xantrex as a provider of key enabling technology for the wind industry."

Xantrex worked with Clipper to create a high performance 2.5 MW converter using a new technology platform which consists of four 625 kilowatt modules. This is the largest capacity wind converter that Xantrex has produced. It converts variable power from the wind turbine's generators into high-quality AC power for the utility grid, and it meets challenging new guidelines established this year by the Federal Energy Regulatory Commission for grid-fault ride-through capability.

The Xantrex converters will be incorporated into the Clipper Liberty turbine, which Clipper believes is the most technologically advanced wind machine for commercial power generation. "The design and performance of Xantrex's wind converter makes it a perfect match for the advanced technological specifications of the Liberty turbine" said Dehlsen. "With the reliability and high efficiency of this converter, we expect to have a long-term relationship with Xantrex." The Xantrex converters were tested for many months at the National Renewable Energy Laboratory in Golden, Colorado, as well as in the field with the prototype Liberty turbine in Medicine Bow, Wyoming.

Clipper plans to install the first Xantrex converters late this year, and deploy the first Liberty turbines that include the Xantrex converters at a new wind farm in Minnesota. Xantrex designs and manufactures custom multi-megawatt wind converters for a number of different wind turbine manufacturers worldwide.

About Clipper
Clipper, which completed an initial public offering on the London's AIM exchange in September 2005, has a business strategy that includes both the manufacture of wind turbines and the development of wind farms that use these turbines. James Dehlsen and his son Brent Dehlsen founded Clipper in 2000. James Dehlsen was a Xantrex wind converter customer in the 1990s as chairman of Zond Systems, a predecessor to GE Wind Energy.

About Xantrex
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 distributed, mobile and programmable power markets. The company's products convert raw electrical power from any central, distributed, 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, California; Elkhart, Indiana; Barcelona, Spain; and Beijing, China. Xantrex is publicly listed on the Toronto Stock Exchange under the ticker symbol "XTX".

Note that this news release contains 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, please contact Donna Clark

Phone: 604-422-2601 Email: donna.clark@xantrex.com
Web: www.xantrex.com
Online Editorial, www.windfair.net
Edited by Trevor Sievert, Online Editorial Journalist
Canada, wind energy, wind turbine, wind farm, renewable energy, wind power, rotorblade, offshore onshore

Thematically suitable Windfair.net members in the business directory

  • Newlist_logo.windfair-us
  • Newlist_kaeufer_logo
  • Newlist_logo.drakawind

more results

Keyword Search

© smart dolphin Gmbh 1999 - 2023 | Legal Notice | Windfair Editors | Privacy Policy | The Windfair Pocket Wind 2020