VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 03/18/08 -- Xantrex Technology Inc. (TSX: XTX) announced today it has received a US$2.4 million purchase order for grid-tie commercial solar inverters from a leading North American solar systems integrator. The order is for a combination of the Xantrex GT100 (100 kW) and GT250 (250 kW) three phase solar inverters which will be installed at several commercial facilities. The shipments will take place over the first and second quarter of 2008.
The new Xantrex GT100 and GT250 commercial grid-tie solar inverters were introduced to the market in the second half of 2007 and set industry standards for performance, features, and reliability. These inverters efficiently convert direct current (DC) power from solar panels into high-quality alternating current (AC) electricity for delivery to the grid.
"We are pleased with the size of this order for our new three phase solar inverters from one of our leading customers," said Mossadiq S. Umedaly, Xantrex Chairman. "We regard it as an expression of their continued confidence in Xantrex's inverter products and service, and an opportunity for us to supply our leading grid-tie solar inverters into the growing renewable energy market."
Xantrex grid-tie inverters have become the inverters of choice for a growing number of solar system installers and their customers, offering a solution with excellent value, performance, reliability, ease of installation, and high power density.
Xantrex CEO John Wallace stated, "We are committed to growing our leading North American share of the solar market by supplying our customers with the most efficient, reliable, and cost effective inverters in the solar industry."
About Xantrex
Xantrex Technology Inc. (www.xantrex.com) is a world leader in the development, manufacturing and marketing of advanced power electronic products and systems for the renewable, programmable, and mobile power markets. The company's products convert and control raw electrical power from any central, distributed, renewable, or backup power source into high-quality power required by electronic and electrical equipment. Headquartered in Vancouver, British Columbia, the company has facilities in Arlington, Washington; Livermore and San Diego, California; Elkhart, Indiana; Barcelona, Spain; and Reading, England. Xantrex is listed on the Toronto Stock Exchange under the ticker symbol "XTX".
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