David W. Cornhill Joins Northern Power Systems' Board
BARRE, VT -- (Marketwired) -- 05/12/14 -- Northern Power Systems
Corp. (TSX: NPS), a next generation renewable energy technology
provider, announced today the appointment of Mr. David W. Cornhill to
the company's board of directors.
"David has extraordinary energy sector and business expertise and I
am delighted to have him join our board of directors," stated Troy
Patton, president and chief executive officer Northern Power Systems.
Cornhill is a founding member, chairman and chief executive officer
of AltaGas Ltd., a Canadian-based company that invests in and
operates infrastructure to provide clean and affordable energy to
customers in North America. AltaGas has a portfolio that includes
more than $7 billion in assets across Gas, Power and Utilities
business platforms. AltaGas has successfully met customer needs in a
diverse energy landscape for more than 20 years. Prior to AltaGas,
Mr. Cornhill served in various roles, including chief operating
officer and president, at Alberta and Southern Gas Co.
Mr. Patton continued, "David brings an incisive view of the power and
energy markets to Northern Power Systems during an exciting phase of
growth for the company. We are also looking forward to leveraging
David's wealth of operating experience from running a successful
large and rapidly growing energy infrastructure business."
"I am honored to join the board of directors of Northern Power
Systems," stated David Cornhill. "I am looking forward to working
with this exceptional team as it pursues the numerous opportunities
in front of it, and I am excited to contribute my experience and
leadership in shaping the strategic expansion of the business."
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, 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.
Northern Power Systems designs, manufactures, and sells wind
turbines, and provides engineering development services and
technology licenses for the global energy 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 NPSâ„¢ 60 and NPSâ„¢ 100
turbines. With over 3.5 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 NPS next generation
technology and intellectual property for their utility and distributed
wind products and markets.
To learn more about Northern Power Systems, please visit
The following files are available for download:
Ciel R. Caldwell
Chief Financial Officer
Northern Power Systems
(+1 857 209 3606)
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