Xantrex Receives Large Order For Wind Converters

Xantrex Technology Inc. (XTX.TO) has signed a three-year supply agreement with an undisclosed North American wind turbine manufacturer for its wind converters. The manufacturer placed an initial order worth $12 million.

“This contract and purchase order builds on our substantial wind business from 2006 and secures our long-term participation in the growth of wind power, which is part of our renewable power business and our primary growth market,” says Mossadiq Umedaly, Xantrex’s chair.