November 14, 2005

Xantrex receives $12M order to supply converters for U.S. wind farm

VANCOUVER, BC-Xantrex Technology, a Vancouver-based designer and manufacturer of multi-megawatt wind converters, will supply a California company, Clipper Windpower Technology, with wind converters to be used in Clipper's new 2.5-megawatt (MW) Liberty wind turbine. At $12 million, the order surpasses the initial value specified in a framework purchase agreement signed by the two companies in September; it called for deliveries worth approximately $10 million over two years. Xantrex worked with Clipper to create a high-performance 2.5 MW converter using a new technology platform made up of four 625-kilowatt modules. The largest-capacity unit produced to date by Xantrex, it converts variable power from the wind turbine's generators into high-quality AC power for the utility grid. Clipper plans to install the first Xantrex converters late this year, and deploy the first Liberty turbines incorporating the Xantrex converters during 2006 at a new wind farm in Minnesota. In other activities, Xantrex has named John Wallace, a former senior executive at the Ford Motor Company, as its new CEO. He has been serving as interim CEO since August 2005 and has been a Xantrex director since 2003. Before retiring from Ford in 2002, he had spent over a decade helping develop the company's line of alternative fuel vehicles. His final post was executive director of Ford's Think Group, where he was responsible for the development of hybrid electric, fuel cell electric and battery electric vehicles. Since 2002, Wallace has provided management, business and technology consulting services to firms in the alternative energy and power electronics industries.

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