Woodward Signs Multi-Year Agreement With REpower to Supply Wind Power Converters
11 Novembre 2010 - 5:30PM
Marketwired
Woodward Governor Company (NASDAQ: WGOV) today announced that it
signed a multi-year agreement with REpower Systems AG, Germany that
will substantially increase deliveries of Woodward wind power
converters to REpower. As a result of this agreement, Woodward will
extend its key supplier relationship to cover REpower's full wind
turbine portfolio, including onshore and offshore turbines.
"This agreement significantly strengthens our relationship with
REpower, especially in Europe and the US," said Gerhard Lauffer,
President, Electrical Power Systems. "As the wind turbine market
recovers from the past year, we anticipate solid growth for the
market and our power converter business."
Woodward will manufacture the CONCYCLE® power converters for
REpower at its facilities in Kempen, Germany; Krakow, Poland; and
Fort Collins, CO, US. 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 that
voltage and frequency are constant and independent of the variable
rotation speed of the wind turbine.
"Woodward is a key supplier for REpower and we are pleased with
this extension to our relationship," said Jeroen Kossen, Senior
Vice President Global Sourcing of REpower Systems AG.
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, CO, US. Visit our
website at www.woodward.com.
About REpower Systems AG
REpower Systems AG is one of the leading manufacturers of
onshore and offshore wind turbines. The international mechanical
engineering company develops, produces and markets wind turbines
with rated outputs of 1.8 MW to 6.15 MW and rotor diameters of 82
meters to 126 meters for almost any location. The company also
offers a comprehensive portfolio of service and maintenance
packages. The profitable and reliable systems are designed at the
REpower TechCenter in Osterrönfeld and manufactured at its plants
in Husum (North Friesland), Trampe (Brandenburg) and Bremerhaven as
well as Portugal and China.
With more than 2,200 employees worldwide, the company, which has
been listed since March 2002 and is headquartered in Hamburg, can
make use of the experience gained from the manufacture and
installation of around 3,000 wind turbines around the world.
REpower is represented by distribution partners, subsidiaries and
participations in European markets such as France, Belgium, the UK,
Italy, Portugal, Sweden, Poland and Spain as well as on a global
level in the US, Japan, China, Australia and Canada.
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 REpower, Woodward will
substantially increase its deliveries of wind power converters to
REpower, Woodward will extend its key supplier relationship,
covering REpower's wind turbine portfolio, including onshore and
offshore turbines, Woodward will strengthen its relationship with
REpower, particularly in Europe and the US, and Woodward will
manufacture the CONCYCLE® power converters for REpower at its
facilities in Kempen, Germany; Krakow, Poland; and Fort Collins,
CO, US; our expectation that the wind turbine market will recover
from the past year; and our anticipation of solid growth for the
market and our power converter business as the anticipated recovery
of the wind turbine market occurs. 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 Report on Form
10-K or Form 10-Q.
CONTACT: Rose Briani-Burden Business Communications
815-639-6282
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