Woodward Signs Multi-Year Agreement With Nordex to Supply Wind Power Converters
July 26 2010 - 7:30AM
Marketwired
Woodward Governor Company (NASDAQ: WGOV) today announced that it
signed a multi-year agreement with Nordex SE, Germany that will
substantially increase Woodward's deliveries of wind power
converters to Nordex.
As a result of this agreement, Woodward will become a key
supplier for Nordex's 2.5 MW wind turbines built for the European
and North American markets. Nordex is a global supplier of megawatt
wind turbines.
"Woodward is proud to be chosen for this opportunity to
significantly expand its relationship with Nordex globally and to
support Nordex's growth in North America," said Gerhard Lauffer,
President, Electrical Power Systems.
Woodward will manufacture the CONCYCLE® power converters for
Nordex at its facilities in Kempen, Germany, and Fort Collins,
Colo., USA.
Power converters are a critical component for delivering stable,
high-quality power to the grid by controlling the voltage and power
from the wind turbine generator, so voltage and frequency are
constant and independent of the variable rotation speed of the wind
turbine.
About Woodward
Woodward is an independent designer, manufacturer, and service
provider of energy control and optimization solutions used in
global infrastructure equipment. We serve the aerospace and
defense, power generation and distribution, and transportation
markets. Our systems and components optimize the performance of
commercial aircraft; military aircraft, ground vehicles and other
equipment; gas and steam turbines; wind turbines; reciprocating
engines; and electrical power systems. The company's innovative
fluid energy, combustion control, electrical energy, and motion
control systems help customers offer cleaner, more reliable and
more cost-effective equipment. Our customers include leading
original equipment manufacturers and end users of their products.
Woodward is headquartered in Fort Collins, Colo., USA. Visit our
website at www.woodward.com.
About Nordex SE
Nordex is a global supplier of megawatt wind turbines. Nordex
benefits in particular from the global trend towards large-scale
wind turbines. The product range includes one of the largest series
wind power systems in the world (N80/N90/N100, 2,500 kW) with more
1,300 of these turbines having been installed to date.
Overall, Nordex has installed more than 4,000 turbines with a
capacity in excess of 6,000 MW around the world. With exports
accounting for over 95 percent of its business, Nordex also has a
strong position in international high-growth regions. The company
has offices and subsidiaries in 19 countries. In total, Nordex
employs more than 2,400 people worldwide.
The statements in this release concerning the company's future
sales, earnings, business performance, prospects, and the economy
in general reflect current expectations and are forward-looking
statements that involve risks and uncertainties. These
forward-looking statements include but are not limited to our
expectation that with the agreement with Nordex, Woodward will
substantially increase its deliveries of wind power converters to
Nordex, Woodward will become the key supplier for Nordex's 2.5 MW
wind turbines built for the European and North American markets,
and our belief that the agreement will significantly expand
Woodward's relationship with Nordex globally and to support
Nordex's growth in North America. Actual results could differ
materially from projections or any other forward-looking statement
and we have no obligation to update our forward-looking statements.
Factors that could affect performance and could cause actual
results to differ materially from projections and forward-looking
statements are described in Woodward's Form 10-K filed for the year
ended September 30, 2009 and any subsequently filed Quarterly
Report Form 10-Q.
CONTACT: Rose Briani-Burden Business Communications
815-639-6282
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