17.04.08

17.4.2008: Meldung: AAER USA Subsidiary Signs Supply Agreement

AAER Inc. (TSX-V: AAE - News; "AAER" or the "Company"), Canada"s only original equipment manufacturer of wind turbines of 1 megawatt ("MW") and more, announced today that Wind-Smart LLC, a subsidiary of AAER USA, has signed an agreement for the delivery of its first 1.5 MW wind turbine in the U.S. to the Town of Portsmouth, Rhode Island. The A-1500 is scheduled for delivery at the end of the fourth quarter of 2008 and the contract, valued at approximately US$3.0 million, includes construction and commissioning fees. An additional 10 year service and maintenance agreement has been signed with the buyer.

"This is an important strategic sale for AAER as it marks our entry in the U.S., one of the world"s fastest growing markets, and confirms the demand for utility size wind turbines by smaller community projects, a growing and underserved market in our industry," said Dave Gagnon, President and CEO of AAER. "For years, municipalities like the Town of Portsmouth have been looking for ways to reduce their electricity expense and generate added revenues. In the context of global supply shortages of utility size turbines, finding suppliers for these smaller projects has been a challenge. Our proximity to the United-States market makes us an ideal partner for these types of projects as we can quickly build, deliver and easily provide long-term maintenance services."

About AAER Inc.

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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.

Forward-Looking Statements

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This news release contains certain forward-looking statements. These statements relate to future events or AAER"s future economic performance and reflect the current assumptions and expectations of management. Certain unknown factors may affect the events, economic performance and results of operations described herein. AAER undertakes no obligation, and does not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable law.

Source: AAER Inc.
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