4.10.2007: Meldung: AAER Inc.: licensing agreements with American Superconductor
Wednesday October 3, 8:00 am ET
MONTREAL, Oct. 3 - AAER Inc. a Canadian wind turbine manufacturer today announced it has signed licensing contracts with American Superconductor Corporation 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."
About AAER Inc., (TSX-V: AAE - News)
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.
About American Superconductor (NASDAQ: AMSC - News)
AMSC is a leading energy technologies company offering an array of solutions based on two proprietary technologies: programmable power electronic converters and high temperature superconductor (HTS) wires. The company"s products, services and system-level solutions enable cleaner, more efficient and more reliable generation, delivery and use of electric power. AMSC is a leader in alternative energy, offering grid interconnection solutions as well as licensed wind energy designs and electrical systems. As the world"s principal supplier of HTS wire, the company is enabling a new generation of compact, high-power electrical products, including power cables, grid-level surge protectors, Secure Super Grids(TM), motors, generators, and advanced transportation and defense systems. AMSC also provides utility and industrial customers worldwide with voltage regulation systems that dramatically enhance power grid capacity, reliability and security, as well as industrial productivity. The company"s technologies are protected by a broad and deep intellectual property portfolio consisting of hundreds of patents and licenses worldwide. More information is available at www.amsc.com.
For further information
AAER Inc., Dave Gagnon, President, Telephone: (450) 534-5155, www.aaer.ca
The Equicom Group Inc., Eric Bouchard, Telephone: (514) 844-7997, email@example.com
Source: AAER Inc.