Northern Power Systems' Technology Powers New 3.3MW Wind Turbine
June 02 2014 - 9:00AM
Marketwired
Northern Power Systems' Technology Powers New 3.3MW Wind Turbine
Strategic Partnership With WEG to Develop Utility Scale Platform
for South American Market
BARRE, VT--(Marketwired -
June 02, 2014) - Northern Power Systems Corp. (TSX: NPS), a next-generation renewable energy
technology provider, is developing along with its Brazilian partner
WEG (IBOVESPA: WEGE3) a new 3.3MW wind turbine. WEG is one of the
world's largest manufacturers of electrical equipment.
This new development effort will further complement WEG and
Northern Power Systems' existing portfolio of utility class wind
turbines currently led by a 2MW-class on-shore turbine offering.
The 3.3MW turbine development is part of an agreement between WEG
and Tractebel Energia (IBOVESPA: TBLE3), a company of GDF Suez
Group, under the Brazilian National Electrical Energy Agency
(ANEEL) research and development program. WEG has a deep
understanding of the unique needs of the Brazilian market, and,
together with Northern Power, is designing the first turbine
specifically designed and optimized to meet those market
requirements. WEG plans to produce the new 3.3MW wind turbine in
the southern Brazilian state of Santa Catarina and is expecting to
leverage this turbine to provide clean, reliable power first in the
growing South American wind market, and later expanding with
Northern Power for global deployment.
"When our relationship began with WEG in 2013, we knew they had
tremendous capabilities to supply wind power to the South American
market. This additional platform will provide WEG a full portfolio
of options for onshore wind," said Troy Patton, Chief Executive
Officer of Northern Power Systems. "We are excited to be working
with WEG to develop this important technology for their rapidly
growing pipeline of customer demand."
"Northern Power has proven to be a strong technology partner for
WEG as we expand our business in the growing wind energy generation
market in Brazil," said Joao Paulo Gualberto da Silva, WEG Wind
Turbines Director. "We are expecting this technology to be an asset
for our global expansion in the wind space, and look forward to
partnering with Northern Power on global opportunities."
About Northern Power Systems
Northern Power Systems designs, manufactures, and sells wind
turbines, and provides engineering development services and
technology licenses for energy applications, into the global
marketplace from its US headquarters and European offices.
* Northern Power Systems has almost 40 years' experience in
technologies and products generating renewable energy.
* Northern Power Systems currently manufactures the NPS™ 60 and
NPS™ 100 turbines. With over 5 million run time hours across its
global fleet, Northern Power wind turbines provide customers with
clean, cost effective, reliable renewable energy.
* Patented next generation permanent magnet/direct drive (PM/DD)
technology uses fewer moving parts, delivers higher energy capture,
and provides increased reliability due to reduced maintenance and
downtime.
* Northern Power Systems offers comprehensive in-house
development services, including systems level engineering, advanced
drivetrains, power electronics, PM machine design, and remote
monitoring systems to the energy industry.
* Some of the world's largest manufacturers license the
company's next generation technology and IP for their utility and
distributed wind products and markets.
To learn more about Northern Power Systems, please visit
www.northernpower.com.
Notice regarding forward-looking statements:
This release includes forward-looking statements regarding
Northern Power Systems Corp. and its business, which may include,
but is not limited to, development of new product offerings,
customer acceptance of new products, expansion into new markets,
and execution of the company's growth strategy. Often, but not
always, forward-looking statements can be identified by the use of
words such as "plans", "is expected", "expects", "scheduled",
"intends", "contemplates", "anticipates", "believes", "proposes" or
variations (including negative variations) of such words and
phrases, or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved.
Such statements are based on the current expectations of the
management of Northern Power Systems Corp. The forward-looking
events and circumstances discussed in this release may not occur by
certain specified dates or at all and could differ materially as a
result of known and unknown risk factors and uncertainties
affecting the company, including risks regarding the wind power
industry, performance and acceptance of the company's products,
economic factors, competition, the equity markets generally and
many other factors beyond the control of Northern Power Systems
Corp. Although Northern Power Systems Corp. has attempted to
identify important factors that could cause actual actions, events
or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results to differ from those anticipated,
estimated or intended. No forward-looking statement can be
guaranteed. Except as required by applicable securities laws,
forward-looking statements speak only as of the date on which they
are made and Northern Power Systems Corp. undertakes no obligation
to publicly update or revise any forward-looking statement, whether
as a result of new information, future events, or
otherwise.
The following files are available for download:
Contact informationCiel R. CaldwellChief Financial Officer of
Northern Power Systems,( 1 857 209
3606)ir@northernpower.com
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