Canada - AAER sells wind turbine to Hyundai Heavy Industries

AAER Inc., Canada’s only original equipment manufacturer of wind turbines of 1 megawatt (“MW”) and more, announced today that it has signed an agreement for the sale of a 1.65 MW wind turbine to Hyundai Heavy Industries Co., Ltd. (“HHI”).

“HHI recently licensed the 1.65MW wind turbine technology from AMSC Windtec and the acquisition of this A-1650 turbine will enable them to accelerate the development of their wind energy business. We are thrilled that a global industrial company of HHI’s stature has chosen AAER as a supplier as they enter the wind energy space,” said Dave Gagnon, President and CEO of AAER. “HHI is, among other things, the world’s largest shipbuilding company, and a major supplier of electric power supply system equipments.”

“This order for an A-1650 turbine provides further validation of our licensed technology but more importantly of the exceptional supply chain our Company built over the years as we are delivering our first units in the United States and starting large-scale commercial turbine production at our Bromont plant.” continued Mr. Gagnon.

The A-1650 turbine will be shipped as separate components and is scheduled for delivery in Korea during the second quarter of 2009. The contract excludes the blades and tower which will be sourced directly by HHI.

About AAER
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 competitive pricing to its customers. AAER uses a portfolio of proven European technologies to ensure the performance of its turbines in various wind conditions and terrains. Its stock is listed on the TSX Venture Exchange (TSX-V: AAE).

For more information please contact Trevor Sievert at ts@windfair.net