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AAER announces temporary measures
3/17/2010 9:24 AM - Canada NewsWire
MONTREAL, Mar 17, 2010 (Canada NewsWire via COMTEX News Network) --
AAER Inc. (TSX-V: AAE), Canada's only original equipment manufacturer of wind turbines of 1 megawatt ("MW") and more, today announced the temporary layoff of 28 employees, mainly in operational and administrative positions, in order to preserve cash. The Corporation continues to service existing customers while proceeding with planning for the manufacture and erection of new wind turbines currently under contract.
<< About AAER Inc. --------------- >>
AAER is a wind turbine manufacturer located in Bromont, Quebec that manufactures and maintains high capacity 1 Megawatt or more wind turbines principally for the North American market. Its strategy is to progressively build its product's components to provide a high level of reliability and competitive pricing to its customers. AAER uses a portfolio of proven European technologies to ensure the performance of its turbines in various wind conditions and terrains. Its stock is listed on the TSX Venture Exchange (TSX-V: AAE). Additional information is available on the Company's website at www.aaer.ca.
Hey, this one needs a little cheering up.
IMO Why can't it go back to 2$ ... after the bad storm comes the sunshine
$2 and then higher.....this is a great long term play
Resistance looks to be at 1.50 now..a break of that point and we could see 2 $ :)
you think she's headed to 2?
yupp they dont do canucks around here....they should ;)
This thing has really been moving. Very interesting news out too
1.40 close.......weird that IHUB has not caught on
It has been a sweet ride
Glad I bought a boat load at 50 cents :)
1.20 should be the floor
52 week high today
Wind energy is the fastest growing energy sector and has recorded consistent growth of over 20% over the last ten years. Wind energy promises to be of great interest as it is highly environment friendly and uses a renewable resource. Most of the critical components of a wind turbine uses composites and the need for bigger size turbines means more composite usage per turbine. This report discusses the various aspects of the global wind energy market, installed capacity of wind turbines, key players and the future growth.
To make any investment, business or strategic decisions, you need timely and adequate information. This market report fulfills this core need. This report discusses market and technology aspects of wind energy market and is an indispensable reference guide for composite material suppliers, product manufacturers, researchers, distributors, investors and many more, who are dealing with the wind energy market. Some of the features of this market report are:
- Global and regional analysis. The market size and growth rates of the wind energy market
including North America, Europe, Asia and rest of the world.
- Wind energy market forecast until 2010.
- Composite materials consumption in the global wind energy market. Market break down by
resins, fibers and core materials.
- Composites consumption by region.
- Composites consumption by manufacturing process.
- Growth trends and forecast (2003-2010) for composites consumption.
- Potential of advanced composites in the global wind market.
- Worldwide market sizes of composite rotor blades, towers, and other turbine components.
- Cost, weight and other analysis for blades and towers.
- The most promising current and future manufacturing technologies for blades and other turbine
components.
- The top ten turbine manufacturers and their market shares and company profiles.
- List of turbine manufacturers, blade manufacturers, and more with complete contact addresses.
- Driving forces for rapid development in wind energy market.
- Research and technology trends in rotor blades, towers, and more.
- Future and new opportunities in the wind energy market.
Who Can Benefit From This Report :
This market report is highly valuable for engineers, managers, senior executives, investors, sales and marketing executives dealing with the wind energy market. It is a reference guide for planning your research activities, market and business development. This Information is all the market information you need to run your business effectively and confidently, while also freeing your staff from time-consuming, costly, data-gathering and dissemination. The multi-client market studies are used by small to multi-national companies and utilized for a variety of reasons: business development, strategic planning, business presentation, competitive analysis, personnel (sales and marketing staff) training, and budgeting.
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Nice close here.............big asset value ..........small market cap
AAER choses AMSC for wind turbine licence
2007-10-03 08:35 ET - News Release
Mr. Dave Gagnon reports
AMSC SELLS FIRST NORTH AMERICAN WIND TURBINE LICENSE TO CANADA'S AAER INC.
American Superconductor Corp., a leading energy technologies company, has signed two licensing contracts with AAER Inc. Under the terms of the contracts, AMSC's wholly owned Windtec subsidiary will license to AAER the design for its WT-2000sg, a proprietary two-megawatt wind turbine. The licences provide AAER with the right to manufacture, sell and commission the wind turbines in Canada, the United States, Mexico, France and the United Kingdom.
In addition to multimillion-dollar upfront licence fees, AMSC will receive royalties for every WT-2000sg wind turbine commissioned by AAER and will sell to AAER the electrical system components essential to the operation of the turbines.
"AMSC's unique design capabilities are an ideal fit for AAER -- the first wind turbine manufacturer in Canada," said Dave Gagnon, president and chief executive officer of AAER. "AMSC is enabling us to quickly enter rapidly growing markets with its unique two-megawatt turbine designs, which we believe will give us a competitive edge in these markets."
The Global Wind Energy Council reports that wind power capacity in North America grew 33 per cent in 2006 to 13,062 megawatts. Wind power in the United Kingdom and France, meanwhile, grew by 48 per cent and 107 per cent, respectively.
"We are very pleased with the momentum we have continued to build in the global wind energy market," said AMSC founder and chief executive officer Greg Yurek. "AAER is the fourth new customer for our wind turbine designs since we acquired Windtec in January, 2007. AAER also marks our first alliance with a North American wind turbine manufacturer. With AAER's expertise and the tremendous growth in wind energy taking place in North America and Europe, I believe this new business relationship will provide additional growth for both of our companies."
About American Superconductor
AMSC is a leading energy technologies company offering an array of solutions based on two proprietary technologies: programmable power electronic converters and high temperature superconductor (HTS) wires. The company's products, services and system-level solutions enable cleaner, more efficient and more reliable generation, delivery and use of electric power. AMSC is a leader in alternative energy, offering grid interconnection solutions as well as licensed wind energy designs and electrical systems. As the world's principal supplier of HTS wire, the company is enabling a new generation of compact, high-power electrical products, including power cables, grid-level surge protectors, Secure Super Grids, motors, generators, and advanced transportation and defence systems. AMSC also provides utility and industrial customers worldwide with voltage regulation systems that dramatically enhance power grid capacity, reliability and security, as well as industrial productivity. The company's technologies are protected by a broad and deep intellectual property portfolio consisting of hundreds of patents and licences worldwide. More information is available at the company's website.
We seek Safe Harbor.
GE Energy, SkyPower Sign Wind Turbine Agreement
in News Departments > FYI
by NAW Staff on Tuesday 02 October 2007
Through an agreement valued at approximately $400 million, GE Energy will provide SkyPower Corp., a Canadian wind developer and Lehman Brothers affiliate, with 200 wind turbines for projects across Canada and the U.S.
Slated for delivery in 2009, the 1.5 MW GE machines will have the capacity to produce a total of 300 MW of wind-generated electricity, GE says.
"The soaring interest in wind power has placed a tremendous demand on wind turbine suppliers worldwide," notes Kerry Adler, CEO of SkyPower. "This agreement with GE puts us in an excellent position to meet our project requirements over the next several years."
AAER arranges $5-million financing with SkyPower
2007-09-18 08:53 ET - News Release
Mr. Dave Gagnon reports
AAER INC. ANNOUNCES A PRIVATE PLACEMENT WITH SKYPOWER CORP., A LEHMAN BROTHERS AFFILIATE
SkyPower Corp., a Lehman Brothers affiliate, has agreed to acquire a 20.9-per-cent equity stake in AAER Inc. representing an investment of $5-million.
SkyPower has subscribed for 14,285,714 shares of the company at 35 cents per share and share purchase warrants for the purchase of an additional 14,285,714 common shares at an exercise price of 45 cents per share.
In connection with its investment, SkyPower has committed to bid AAER turbines in its different project bids for the current Hydro-Quebec 2,000-megawatt (MW) wind energy request for proposal. Closing of the $5-million subscription is subject to the approval of the TSX Venture Exchange.
"This partnership represents a major step in the company's development. The combination of SkyPower's entrepreneurial platform and fast-growing portfolio of large high-profile development projects, as well as their shareholders' global reach, gives the company an important competitive edge in the North American market. We are all excited about the new possibilities that arise from this collaboration," stated Dave Gagnon, AAER's chief
Over 1.00..........nice ride
News out..hmm but no volume...weirdd..
AAER Inc. announces a private placement with SkyPower Corp., a Lehman Brothers affiliate
Tuesday September 18, 8:19 am ET
NEW YORK, TORONTO, BROMONT, QC, Sept. 18 /CNW/ - AAER Inc. (TSX-V: AAE - News; "AAER" or the "Company"), Canada's only wind turbine manufacturer has announced today that SkyPower Corp., a Lehman Brothers affiliate, has agreed to acquire a 20.9% equity stake in the company representing an investment of $5,000,000.
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Skypower has subscribed for 14,285,714 shares of the company at $0.35 per share and share purchase warrants for the purchase of an additional 14,285,714 common shares at an exercise price of $0.45 per share.
In connection with its investment, SkyPower has committed to bid AAER turbines in its different project bids for the current Hydro-Quebec 2,000MW wind energy request for proposal. Closing of the $5,000,000 subscription is subject to the approval of the TSX Venture Exchange.
"This partnership represents a major step in the company's development. The combination of SkyPower's entrepreneurial platform and fast growing portfolio of large high profile development projects, as well as their shareholders' global reach, gives the Company an important competitive edge in the North American market. We are all excited about the new possibilities that arise from this collaboration." Stated Dave Gagnon, AAER's Chief Executive Officer.
"SkyPower's commitment to Quebec is further highlighted by our decision to acquire a stake in AAER. AAER has clearly demonstrated that it is focused on becoming Canada's local manufacturer of wind turbines with manufacturing and assembly based out of Quebec. As a result, hundreds of jobs will be created along with other significant economic benefits to Quebecers. It is abundantly clear that AAER's plans by far surpass any effort to date to make Quebec a hub of wind turbine manufacturing and a solid export base, which is an important part of the Quebec Government's vision for wind in Quebec. We are pleased to demonstrate our support for AAER and are making this investment to help further their objectives." Stated Kerry Adler, SkyPower's President & Chief Executive Officer.
About AAER
AAER is a wind turbine manufacturer located in Bromont, Quebec that manufactures and maintains high capacity 1 Megawatt or more wind turbines principally for the North American market. Its strategy is to progressively build its product's components to provide a high level of reliability and a competitive pricing to its customers. AAER uses proven European technologies to ensure the performance of its turbines in various wind conditions and complex terrains. Its stock is listed on the TSX Venture Exchange (AAE). Additional information is available on the Company's Website at www.aaer.ca.
i am still here on AAER but i think something is going to happen soon
still here, a bit of movement but nothing really special, i think that AAER hass something planned and its just taking some time to finish it's plans IMHO
up from here jontar
be patient
yeah it looks like it hit the valley and is ready to go up hill from here on in.
The stock must be getting ready to fly...............
Press Release Source: AAER Inc.
AAER Announces Grant of Stock Options
Friday June 22, 4:15 pm ET
MONTREAL, June 22 /CNW/ - AAER Inc. (TSX-V: AAE - News; "the Company" or "AAER"), today announced that, as of June 21, 2007, it has granted an aggregate of 850,000 stock options to members of its Board of Directors and management, pursuant to its stock option plan.
As part of their compensation for their participation to the Board of Directors, each Director will receive 50,000 options annually and an additional 20,000 options for each committee they are appointed to. The Chairman of the Board will also receive 100,000 options annually and 40,000 options for his participation in the various committees he is appointed to. Dave Gagnon, President and Chief Executive Officer, will receive 300,000 options annually.
Each option allows for the purchase of one common share exercisable at a price of $0.28 per share and expires on June 21, 2012.
About AAER Inc. (TSX-V: AAE - News)
AAER is a wind turbine manufacturer, located in Bromont, Quebec, and operating with a strategy of progressively building its product's components. The Company's mission is to manufacture and maintain high-capacity, 1 to 1, 5 Megawatt (MW) wind turbines in North America. AAER uses proven European technologies to ensure high performance of its turbines in various wind conditions and on complex terrain. Its stock is listed on the TSX Venture Exchange (AAE). Additional information is available on the Company's Website at www.aaer.ca.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information
AAER Inc., Dave Gagnon, President, Telephone: (450) 534-5155, www.aaer.ca
The Equicom Group Inc., Eric Bouchard, Telephone: (514) 844-7997, ebouchard@equicomgroup.com
--------------------------------------------------------------------------------
Source: AAER Inc.
accumulation :)
looks like a long term winner here no doubt
oui oui oui............
maybe we should start a French board..hmm
Nice article..wonder how many people can actually read it here on Ihub lol :)
MERIGNAC. -- L'entreprise québécoise AAER étudie la création d'une
unité d'assemblage de turbines en Gironde
Eoliennes : le vent porteur du Québec
: Bernard Broustet
C'est loin d'être une certitude, mais c'est un scénario qui commence à
mobiliser sérieusement les acteurs locaux : La société canadienne
AAER, spécialisée dans la fabrication d'éoliennes et dont les
dirigeants ont rencontré hier Alain Juppé, étudie un projet
d'implantation industrielle en Gironde.
AAER est une jeune entreprise québécoise cotée en Bourse, qui exploite
la licence d'un des meilleurs spécialistes allemands de l'éolienne.
Ayant décidé de prendre pied en Europe, c'est à Mérignac qu'elle vient
d'implanter, il y a quelques semaines, un bureau commercial qui ne
compte à ce jour que deux salariés.
Le soutien des Verts. Dave Gagnon, PDG d'AAER, a noué des relations
avec Jean-Yves Grandidier, patron de la société béglaise Valorem, qui
est un des principaux spécialistes français de la réalisation de parcs
d'éoliennes. Et la venue d'AAER a été chaudement encouragée par Gérard
Chausset, vice-président écologiste de la CUB, qui rêve de voir le
complexe aérospatial girondin se diversifier dans les énergies
renouvelables.
AAER pourrait ne pas se contenter de vendre en France des éoliennes
importées du Canada. Selon Jean-Yves Grandidier, qui est en train de
créer une coentreprise avec la société québecoise, celle-ci pourrait
aussi fabriquer son matériel en Europe. Si ce scénario se réalise, il
pourrait se concrétiser dans un premier temps par l'assemblage de
turbines destinées à convertir en énergie le mouvement des
gigantesques pales.
Il n'est pas encore certain qu'AAER passe à l'acte, ni qu'elle
choisisse la Gironde, mais le fait d'avoir ouvert son bureau
commercial à Mérignac témoigne de son intérêt pour la région. Et
Jean-Yves Grandidier s'emploie à convaincre Dave Gagnon des atouts
industriels de la métropole aquitaine.
Dans cette perspective, les dirigeants d'AAER ont participé, vendredi
à la CUB, à une réunion présidée par Gérard Chausset et à laquelle
assistaient notamment le chargé du développement économique André
Delpont, ainsi que des représentants du Port autonome et de l'agence
BRA, en charge de l'accueil des investisseurs.
70 emplois directs. Plusieurs communes comme Blanquefort, Bassens,
Mérignac, voire Pauillac, ont été évoquées pour accueillir une
activité industrielle dont AAER et Valorem souhaitent, pour des
raisons de délais, qu'elle soit implantée dans un bâtiment déjà
existant.
Selon Jean-Yves Grandidier, une décision pourrait être prise dès cet
été. Le montage des turbines pourrait contribuer à la création de 70
emplois directs et à beaucoup plus d'emplois indirects. Quant aux
pales, c'est une autre affaire, qui n'interviendrait que plus tard,
mais qui pourrait avoir aussi de grosses retombées. Le nouveau
ministre de l'Ecologie, qui a porté hier sur la place publique un
dossier jusque-là plutôt confidentiel, fera sans doute tout ce qui est
en son pouvoir pour le faire aboutir.
Communiqué de presse envoyé le 04 /06/07 par la mairie de Bordeaux
Pour information.
Alain Juppé, ministre d'Etat, ministre de l'écologie, du développement
et de l'aménagement durables, a reçu ce lundi 4 juin les dirigeants
d'un groupe canadien spécialisé dans le montage de nacelles et la
fabrication d'éoliennes.
Ce groupe, qui vient d'ouvrir un bureau à Mérignac, souhaite étendre
ses activités en Europe et en France. L'entretien a porté sur le
marché des éoliennes à haute capacité en Amérique du Nord et sur les
possibilités de développement.
Sud Ouest
Un bouquet d'éoliennes à Bordeaux-Nord. Le projet avance. Objectif :
assurer l'éclairage public de la ville
L'éclairage public dans le vent
: Isabelle Castéra
04/06/07
picks for the long haul
this is a 1 to 2 year hold and you could see multi dollars here
nice ;) another Monster pick from big D!!!
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