LOS
ANGELES, August 20, 2003 -- Magnetek Inc. (NYSE: MAG),
the world's leading manufacturer
of power conditioners for
commercial fuel cells, has
agreed to provide advanced
power conditioners for Clipper
Windpower Inc., Carpinteria,
CA. While specifics
of the agreement have not
been announced, both parties
agree this will be a mutually
beneficial relationship.
Magnetek's power conditioners
will transform the fluctuating
power produced by the wind
turbine generators into the
steady flow of alternating
current (ac) power required
to feed the utility grid.
Clipper Windpower designs
and manufactures utility-scale
wind turbine drivetrain systems
utilizing variable speed technology.
These D-GEN® Drivetrain
systems represent the latest
innovation from Clipper, whose
management and engineering
teams have been collectively
responsible for three generations
of turbine advancement since
1980.
The D-GEN® drivetrain
utilizes an innovative design
incorporating multiple generators
to reduce gearbox size and
stress. This patented design
is expected to revolutionize
power transfer and control
in large wind turbines.
During the past decade, Magnetek
has delivered power conditioners
up to 375 kilowatts for more
than 160 commercial fuel-cell
installations totaling nearly
32 megawatts, including the
world's two largest fuel cell
plants in Anchorage, Alaska
and Long Island, New York.
The Clipper Windpower program
is a key milestone in Magnetek's
alternative energy strategy,
which includes power-conditioning
products for solar photovoltaic
inverters, micro-turbine power
conditioning systems (PCS),
and energy storage system
PCS, as well as wind and fuel
cells power conversion systems.
Magnetek manufactures digital
power supplies and systems
used in a broad range of applications
requiring highly reliable,
precise, energy-efficient
power. It operates manufacturing
and research facilities in
North America, Europe and
Asia, employs approximately
1,470 people and reported
revenue of $188 million for
fiscal 2002, ended on June
30, 2002.
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This
news release contains forward-looking
statements within the meaning
of the Private Securities
Litigation Reform Act of 1995,
including statements regarding
the Company's expectations
regarding sales of and markets
for its products and services,
such as power conditioners
for alternative energy sources
such as wind turbines. These
forward-looking statements
are subject risks and uncertainties,
many of which cannot be predicted
or quantified and are beyond
the Company's control. Future
events and actual results
may differ materially from
those set forth in, contemplated
by, or underlying these forward-looking
statements.
