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Old Mon, 04-14-2008, 08:21 AM   #1 (permalink)
ActionCapitalGp
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Arrow AAER Creates US Subsidiary And Acquires Wind-Smart LLC

MONTREAL, April 14 /CNW/ - AAER Inc. (TSX-V: AAE) ("AAER" or the "Company"), Canada's only original equipment manufacturer of wind turbines of 1 megawatt ("MW") and more, announced today that it has created AAER USA Inc. (AAER USA), a wholly-owned subsidiary incorporated under Delaware laws. Concurrently to its incorporation, AAER USA acquired 100% of Wind-Smart LLC, a Rhode Island consulting company dedicated to the development of community wind projects.

"Wind-Smart has a portfolio of small community wind projects under development, including the potential construction and commissioning of a 1.5 MW wind turbine for the Town of Portsmouth, Rhode Island, that fit well into our overall marketing strategy," said Dave Gagnon, President and CEO of AAER. "This acquisition enables AAER to be in an excellent position to serve customers such as municipalities, schools and hospitals that have local projects underway with attractive financing conditions."

The acquisition which represents less than 1% of the assets of the Company will be paid by the working capital of the Company.

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 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 AAER - Énergie éolienne - Accueil.

For further information: AAER Inc., Dave Gagnon, President, Telephone: (450) 534-5155, www.aaer.ca; The Equicom Group Inc., Danielle Ste-Marie,
Telephone: (514) 844-6064, dste-marie@equicomgroup.com
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