Xantrex Signs Three-Year Supply Agreement for Wind Converters

Energy Resource, May 14, 2007

ENERGY RESOURCE-14 May 2007-Xantrex Signs Three-Year Supply Agreement for Wind Converters(C)2007 JeraOne - http://www.jeraone.com

Xantrex Technology Inc. today said it has signed a three-year supply agreement with a leading North American wind turbine manufacturer and has received an initial purchase order valued at $12 million for multi-megawatt power converters.

This initial order under the agreement is to be delivered within 2007.

"This long term contract verifies that Xantrex has proven itself as an excellent supply partner to the wind industry. The associated business will provide stable growth for our wind converter business for the next three years starting in the second half of 2007," said Xantrex CEO John Wallace.

Xantrex wind converters convert and control variable power from wind turbine generators into AC power for the utility grid.

"This contract and purchase order builds on our substantial wind business from 2006 and secures our long term participation in the growth of wind power which is part of our renewable power business and our primary growth market," added Mossadiq S. Umedaly, Xantrex's chairman.

Xantrex is headquartered in Vancouver, British Columbia, with facilities in Arlington, Washington; Livermore and San Diego, California; Elkhart, Indiana; Barcelona, Spain; and Reading, England. For more information, visit www.xantrex.com.

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