Woodward Governor Inks Multi-year Agreement With Nordex For Supply Of Wind Turbines

Woodward would manufacture the CONCYCLE power converters for Nordex at its facilities in Kempen, Germany, and Fort Collins, Colorado, USA.

As a result of the agreement, Woodward would become a key supplier for Nordex’s 2.5 MW wind turbines built for the European and North American wind farm markets. Nordex is a global supplier of megawatt wind turbines.

Woodward Governor Company (NASDAQ: WGOV) today announced that it signed a multi-year agreement with Nordex SE, Germany that will substantially increase Woodward’s deliveries of wind power converters to Nordex.

As a result of this agreement, Woodward will become a key supplier for Nordex’s 2.5 MW wind turbines built for the European and North American markets. Nordex is a global supplier of megawatt wind turbines.

"Woodward is proud to be chosen for this opportunity to significantly expand its relationship with Nordex globally and to support Nordex’s growth in North America," said Gerhard Lauffer, President, Electrical Power Systems.

Woodward will manufacture the CONCYCLE® power converters for Nordex at its facilities in Kempen, Germany, and Fort Collins, Colo., USA.

Power converters are a critical component for delivering stable, high-quality power to the grid by controlling the voltage and power from the wind turbine generator, so voltage and frequency are constant and independent of the variable rotation speed of the wind turbine.

Woodward is an independent designer, manufacturer, and service provider of energy control and optimization solutions used in global infrastructure equipment. We serve the aerospace and defense, power generation and distribution, and transportation markets. Our systems and components optimize the performance of commercial aircraft; military aircraft, ground vehicles and other equipment; gas and steam turbines; wind turbines; reciprocating engines; and electrical power systems.

The company’s innovative fluid energy, combustion control, electrical energy, and motion control systems help customers offer cleaner, more reliable and more cost-effective equipment. Our customers include leading original equipment manufacturers and end users of their products. Woodward is headquartered in Fort Collins, Colo., USA.

Nordex is a global supplier of megawatt wind turbines. Nordex benefits in particular from the global trend towards large-scale wind turbines. The product range includes one of the largest series wind power systems in the world (N80/N90/N100, 2,500 kW) with more 1,300 of these wind turbines having been installed to date.

Overall, Nordex has installed more than 4,000 wind turbines with a capacity in excess of 6,000 MW around the world. With exports accounting for over 95 percent of its business, Nordex also has a strong position in international high-growth regions. The company has offices and subsidiaries in 19 countries. In total, Nordex employs more than 2,400 people worldwide.

www.nordex-online.com/en

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