A-Power Energy announces upgrade of Fuhrlander Wind Turbine Technology and comments on its business outlook for 2008 and 2009

BVI company A-Power Energy Generation Systems, Ltd., providing distributed power generation systems in China, announced on September 10 that Fuhrlander wind turbine has upgraded its largest wind turbine from 2.5 MW to 2.7 MW, and secured that Fuhrlander AG will supply all of the components needed to produce the first ten units of the 2.7MW units in time. The production will be started in October of this year, as was agreed before.

The 2.7MW wind turbine will supersede the license agreement for Fuhrlander’s 2.5MW wind turbine technology that A-Power entered into in 2007, and the upgrade will enable A-Power to produce wind turbines with an output of 2.7MW. All the components will be delivered to A-Power’s recently completed wind turbine production facility in Shenyang, China.

A-Power’s Chairman and CEO Mr. Jinxiang Lu informed investors on the progress the BVI company has made on the 2.7MW wind turbine production for 2008, working closely with Fuhrlander AG. By his words, Fuhrlander will provide intensive training for A-Power technicians at both Fuhrlander’s facility in Germany and A-Power’s facility in China.

The BVI company published comments on its business outlook for 2008 and 2009. Concerning distributed power generation (DG), A-Power has been actively engaged in international DG projects since the beginning of 2008. Besides the $150 million dollar contract that A-Power signed with its Thai customer in April 2008, in August the company announced signing of a MOU for a $300 million agreement to build a power generation system in Thailand. Now, A-Power is negotiating the last details of the future contract which is expected to be signed within the next 2 months.

Because A-Power has signed international contracts for countries with different climates, seasonal DG revenue curve is expected to rise, and the BVI company expects to achieve record third quarter revenue, and even larger revenue in the fourth quarter of 2008.

A-Power also plans to complete the second wind turbine production facility in Inner Mongolia in the mid-2009, and expects to be running the Shenyang and Inner Mongolia facilities at full capacity in 2010, with a total output of 1.8GW having an estimated sales revenue of over $2 billion dollars.

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