A-Power Signs License Agreement with W2E Technologies

A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) ("A-Power"), a leading provider of distributed power generation ("DG") systems in China and a fast-growing manufacturer of wind turbines, today announced it has signed a technology license agreement with W2E Technologies GmbH ("W2E Technologies") to manufacture, operate, service and sell T8x 2.0 MW wind turbines.

Under the license agreement, W2E Technologies granted A-Power an exclusive right to manufacture, operate, service and sell T8x 2.0 MW wind turbines in China and the United States starting in January 2010. In addition, A-Power has obtained non-exclusive rights to market T8x products outside of China and the United States. No other details of the agreement were disclosed.

A-Power Energy Generation Systems Ltd. ("A-Power"), through its China- based operating subsidiaries, is the largest provider of distributed power generation systems in China, focusing on energy-efficient and environmentally friendly projects of 25 MW to 400 MW.

In 2008, A-Power entered the wind energy market and has built China’s largest wind turbine manufacturing facility, located in Shenyang, Liaoning Province, with a total annual production capacity of 1,125 MW.

In March 2009, A-Power entered into an agreement to establish a Joint Venture partnership with GE Drivetrain Technologies to produce wind turbine gearboxes in Shenyang. In addition to the establishment of strategic relationships with world’s leading wind power design and engineering companies, A-Power has formed joint research programs with Tsinghua University and the China Academy of Sciences to develop and commercialize other renewable energy technologies. 

http://www.apowerenergy.com .

W2E (Wind to Energy) Technologies was established in 2003 by six specialists in the wind energy industry. The company abstained from establishing its own production line and instead focused on the development and certification of wind turbines and bringing them to a stage ready for production. <

The wind turbines developed by W2E are manufactured and distributed by Fuhrländer AG. W2E Technologies is headquartered in Rostock, Germany with offices in the United States, which is in charge of the North American market. 

http://www.wind-to-energy.de .