BARRE, Vt., Aug. 2, 2016 /PRNewswire/ -- Northern Power
Systems Corp. (TSX: NPS) today announced the appointment of
Ciel R. Caldwell to the Company's
Board of Directors. Ms. Caldwell currently serves as the
Company's Senior Vice President for Operations and Finance, a role
to which she was promoted in May 2016. Ms. Caldwell
previously held the position of Chief Financial Officer for the
Company from February 2013 to
May 2016, and Vice President and
Corporate Controller from February
2011 to February 2013. Prior to Northern Power, Ms.
Caldwell served in senior financial leadership positions at
Cimpress N.V. (f/k/a Vistaprint), 3Com Corporation, and Level 3
Communications Inc., and began her career at
PricewaterhouseCoopers. Ms. Caldwell holds a B.S. in
Accounting from Babson College.
About Northern Power Systems
Northern Power Systems
designs, manufactures, and sells wind turbines and power technology
products, and provides engineering development services for energy
applications, into the global marketplace from its US headquarters
and European offices.
- Northern Power Systems and its predecessors have over 40 years'
experience in technologies and products generating renewable
energy.
- Northern Power Systems currently manufactures the NPS™ 60 and
NPS™ 100 turbines. With over 11 million run time hours across its
global fleet, Northern Power wind turbines provide customers with
clean, cost effective, reliable renewable energy.
- Patented next generation permanent magnet direct drive (PMDD)
technology uses fewer moving parts, delivers higher energy capture,
and provides increased reliability due to reduced maintenance and
downtime.
- Northern Power Systems' FlexPhase™ power converter platform
uses patented converter architecture and advanced controls
technology for advanced grid support and generation
applications.
- Northern Power Systems offers comprehensive in‐house
development services, including systems level engineering, advanced
drivetrains, power electronics, PM machine design, and remote
monitoring systems to the energy industry.
To learn more about Northern Power Systems, please visit
www.northernpower.com.
Notice regarding forward-looking statements:
This release includes forward-looking statements regarding
Northern Power Systems and its business, which may include, but is
not limited to, product and financial performance, regulatory
developments, supplier performance, anticipated opportunity and
trends for growth in our customer base and our overall business,
our market opportunity, expansion into new markets, execution of
the company's growth strategy and timeline for filing the
Annual Filings. Often, but not always, forward-looking statements
can be identified by the use of words such as "plans", "is
expected", "expects", "scheduled", "intends",
"contemplates", "anticipates", "believes", "proposes" or variations
(including negative variations) of such words and phrases, or state
that certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved. Such statements
are based on the current expectations of the management of Northern
Power Systems. The forward-looking events and circumstances
discussed in this release may not occur by certain specified dates
or at all and could differ materially as a result of known and
unknown risk factors and uncertainties affecting the company,
including risks regarding the wind power industry; production,
performance and acceptance of the company's products; our
sales cycle; our ability to convert backlog into revenue;
performance by the company's suppliers; our ability to
maintain successful relationships with our partners and to enter
into new partner relationships; our performance internationally;
currency fluctuations; economic factors; competition; the equity
markets generally; and the other risks detailed in Northern Power
Systems' risk factors discussed in filings with the U.S.
Securities and Exchange Commission (the "SEC"), including but not
limited to Northern Power Systems' Annual Report on Form
10-K filed on March 31, 2015, as well
as other documents that may be filed by Northern Power Systems from
time to time with the SEC. Although Northern Power Systems has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results to differ from those
anticipated, estimated or intended. No forward-looking statement
can be guaranteed. Except as required by applicable securities
laws, forward-looking statements speak only as of the date on which
they are made and Northern Power Systems undertakes no obligation
to publicly update or revise any forward-looking statement, whether
as a result of new information, future events, or
otherwise.
Eric Larson
VP, Corporate Finance and Administration
+1-802-661-4673
ir@northernpower.com
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SOURCE Northern Power Systems Corp.
