Xantrex announces US $1 million portable powerpack order from major US home improvement retailer31 August 2006
VANCOUVER, Aug. 28 - Xantrex Technology Inc. (TSX:XTX) has received an order for portable powerpacks valued at $1 million from a major US home improvement retailer for delivery by the end of September 2006 in time for the Christmas shopping season. This order represents the first major order for Xantrex powerpacks to this new US customer. "Our portable power products continue to attract new customers," said Mossadiq Umedaly, Chairman of Xantrex. "We are happy to see this growth in the US home improvement channel." Pioneered by Xantrex over five years ago, XPower Powerpacks use Xantrex's advanced power electronics technology to convert direct current from an integrated battery into household quality electricity. "Our simplest and most affordable emergency power systems, XPower Powerpacks integrate a rechargeable battery and an inverter in a portable package," said John Wallace, CEO of Xantrex. "Xantrex powerpacks range between 100 to 1500 watts of power - enough to run most consumer electronics or electrical appliances. Some powerpacks can also be used to jumpstart vehicles and many models have a built-in air compressor to inflate tires. They can be recharged using household AC power or a DC plug in a car, truck or solar panel." Xantrex has introduced more than 30 new portable power products to the market in the past two years. About Xantrex Xantrex Technology Inc. (http://www.xantrex.com) is a world leader in the development, manufacturing and marketing of advanced power electronic products and systems for the renewable, portable, mobile, and programmable 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, California; Elkhart, Indiana; Barcelona, Spain; and Reading, England. Xantrex is publicly listed on the Toronto Stock Exchange under the ticker symbol "XTX". Note that this news release contains forward-looking statements related to Xantrex Technology Inc. Such statements reflect the current views of Xantrex with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in these forward-looking statements. CONTACT: please contact Donna Clark, Phone: (604) 422-2601, Email: donna.clark@xantrex.com, Web: http://www.xantrex.com
Source: prnewswire
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