Electronic Products & Technology

Xantrex Receives $25 Million Contract


Electronics CEL

VANCOUVER – Xantrex Technology Inc. announced today that it has received a purchase order valued at $25 million from a leading North American wind turbine manufacturer to supply multi-megawatt power converters. Xantrex expects to ship most of the wind converters in 2008 beginning in the second quarter. In the first quarter of 2008, we expect to ship $3 million of the remaining wind converters from the $12 million May 2007 purchase order. "Wind products are an integral part of our Renewable Power portfolio," said Mossadiq S. Umedaly, Xantrex Chairman, "and the fast-growing North American wind market is clearly a strategic target. We are pleased with the increased size of the order for our wind business in 2008." www.xantrex.com


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