BARRE, Vt., Feb. 16, 2017 /CNW/ -- Northern Power
Systems Corp. (TSX: NPS), a next generation renewable energy
technology company, today announced that Mr. Kevin Kopczynski has been appointed to the
company's Board of Directors, replacing Marcus Baker, President of the Baker Companies,
Inc.
Mr. Kopczynski is Senior Director of Research and Development at
First Solar. Mr. Kopczynski previously served from 2013 to
2016 as President and CEO of Enki Technology, a solar materials
company. He successfully guided Enki from the early development
stage to the revenue generation stage and as part of that growth,
established key customer partnerships in the US and China.
This growth culminated with Enki's acquisition by First Solar.
Mr. Kopczynski's extensive background includes having been a
Partner at RockPort Capital Partners, where he led a number of
venture investments in the power generation, oil & gas and
agriculture technology markets, including investments in Northern
Power Systems. Mr. Kopczynski also serves on the Board of
Directors for Ascension Industries a long-standing fabrication
machining and assembly business.
"Kevin's extensive experience in the global power generation
markets and renewables, as well as his history with Northern Power
Systems, will be a great asset to our Board of Directors," stated
Ciel Caldwell, president and chief
operating officer of Northern Power Systems. "As we continue our
strategic direction of focusing on integrated distributed energy
solutions including Battery Energy Storage and Hybrid Systems,
Kevin will bring us direct perspective on Solar trends within these
solutions."
"Our goal has been to add strength to Northern Power System's
Board of directors in the form of relevant industry and
manufacturing experience," added Bill
Leimkuhler, chairman of the board of Northern Power Systems.
"I'm confident that Kevin is going to make an important and
positive impact on our company."
"I thank Marc for his eight years of service on our Board of
Directors and Executive Committee of the Board. His
contributions have been immeasurable in the form of strategic
advice in advancing Northern Power's business," reflected
Ciel Caldwell, president and chief
operating officer of Northern Power Systems. "Marc's service will
truly be missed."
About Northern Power Systems
Northern Power Systems designs, manufactures, and sells wind
turbines and power technology products, and provides engineering
development services and technology licenses for energy
applications, into the global marketplace from its US headquarters
and European offices.
- Northern Power Systems has over 40 years' experience in
technologies and products generating renewable energy.
- Northern Power's FlexPhase™ power converter platform uses
patented architecture and advanced controls technology for advanced
grid support and generation applications.
- Northern Power Systems provides turn-key solutions for
microgrid and remote 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.
- Northern Power Systems currently manufactures the NPS™ 60 and
NPS™ 100 turbines. With over 12 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.
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, and execution
of the company's growth strategy. 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 July 25, 2016,
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.
For more information, contact:
Eric Larson
Chief Accounting Officer
802-661-4673
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SOURCE Northern Power Systems Corp.