euro adhoc: REpower Systems AG
other
REpower Systems AG and enXco Inc sign
an agreement to supply turbines to the US market
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
30.06.2006
- 56 MM92 turbines scheduled to be delivered in 2007 - Largest single order for REpower to date - Patent Licence agreement concluded between REpower and GE
Hamburg/Escondido, 30 June 2006. REpower Systems AG (WKN 617703) will soon enter the US market. 56 MM92 turbines are to be supplied to enXco Inc., the US subsidiary of EDF Energies Nouvelles in 2007. An option for a further 19 turbines of the same type was also arranged. REpower is able to enter the US market through a cross-licence agreement concluded with its competitor GE with regard to the use of several patents.
enXco is to install the wind turbines on the West Coast of the United States. The REpower development centre in Rendsburg (Schleswig-Holstein, Germany) has created a technical solution for a 60 Hz version of the MM92 that corresponds to the requirements of the American electricity network.
The turbines will be produced exclusively at the REpower production site in Husum and will be prepared for shipping from there - either from Brunsbüttel or Hamburg. As this is purely a supply transaction, the shift of risk and responsibility with regard to the goods has been arranged free ship alongside ship (FAS). The towers for all the turbines will be manufactured in the US.
end of announcement euro adhoc 30.06.2006 09:41:59
Further inquiry note:
Thomas Schnorrenberg
Investor Relations Manager
Telefon: +49(0)40-53930-723
E-Mail: t.schnorrenberg@repower.de
Branche: Alternative energy
ISIN: DE0006177033
WKN: 617703
Index: Prime All Share, CDAX, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade