AAER signs licensing agreements with American Superconductor for 2 MW wind turbine technology

AAER Inc, a Canadian wind turbine manufacturer today announced it has signed licensing contracts with American Superconductor Corporation (NASDAQ: AMSC) allowing AAER to manufacture AMSC-designed wind turbines for wind farms in Canada, the United-States, Mexico, France and the United Kingdom.

Under the terms of the contracts, AMSC's wholly owned Windtec(TM) subsidiary will license to AAER the design for its WT-2000sg, a proprietary 2 megawatt ("MW") wind turbine. In addition to upfront license fees, AAER will pay AMSC royalties for every WT-2000sg wind energy system commissioned and will purchase from AMSC the electrical system components essential to the operation of the turbines.

"AMSC's unique design capabilities are an ideal fit for our clients,"
said Dave Gagnon, President and Chief Executive Officer of AAER. "The new A-2000 Wind Turbine's special features will enable continuous power generation as well as provide better interconnectivity with electrical grids. We believe these features will increase the attractiveness of our technology in a rapidly growing market."

"We are very pleased with the momentum we have continued to build in the global wind energy market," said AMSC Founder and Chief Executive Officer Greg Yurek. "AAER marks our first alliance with a North American wind turbine manufacturer. With AAER's expertise and the tremendous growth in wind energy taking place in North America and Europe, I believe this new business relationship will provide additional growth for both of our companies."