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) -- 06/02/14 -- 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 NPSâ„¢ 60 and NPSâ„¢
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
* 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
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:
Ciel R. Caldwell
Chief Financial Officer of Northern Power Systems,
( 1 857 209 3606)
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