WGOV Woodward Governor Company (MM)

FORT COLLINS, CO, Nov. 1 /CNW/ -- Eaton to Supply Components for Hydro-Quebec Project  FORT COLLINS, CO, Nov. 1 /CNW Telbec/ - Woodward Governor Company (Nasdaq: WGOV) today announced that the company signed a five-year agreement with Eaton Corporation to supply components and assemblies to be integrated into Woodward's CONCYCLE® converters for REpower wind turbines. The converters will support five projects in the Canadian province of Quebec under the previously announced Hydro-Quebec Distribution wind power project with REpower. The power converters will be manufactured at Woodward's Colorado plant and will also include local content manufactured in New Richmond, Gaspésie region of Canada by Eaton. Woodward will build up to 477 wind power converters for REpower Systems. The converters, to be delivered from 2010 to 2015, will be installed at the Hydro-Quebec wind power project in the Gaspésie area of Quebec, Canada, and will supply up to 954 MW of electrical power. This will provide a great opportunity for the region to employ local workers with the skills to support the high-technology wind power project demands. Woodward's experience with REpower in similar projects around the world will provide both a solid wind power solution for the Quebec project as well as capital investment to the region. It will also provide employment opportunity and wind power technology training for the people in the area. Woodward has supplied CONCYCLE® converters for REpower wind turbines for more than ten years. The converters control the voltage and power from the wind turbines for constant voltage and frequency that are independent of the variable rotation speed coming from the wind turbine. The converter ensures the consumer delivery of high-quality delivery of power to the grid. About Woodward Woodward is an independent designer, manufacturer, and service provider of energy control and optimization solutions used in global infrastructure equipment. We serve the aerospace and defense, power generation and distribution, and transportation markets. Our systems and components optimize the performance of commercial aircraft; military aircraft, ground vehicles and other equipment; gas and steam turbines; wind turbines; reciprocating engines; and electrical power systems. The company's innovative fluid energy, combustion control, electrical energy, and motion control systems help customers offer cleaner, more reliable and more cost-effective equipment. Our customers include leading original equipment manufacturers and end users of their products. Woodward is headquartered in Fort Collins, Colo., USA. Visit our website at www.woodward.com. About Eaton Corporation Eaton Corporation is a diversified power management company with 2009 sales of $11.9 billion. Eaton is a global technology leader in electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulic and pneumatic systems for commercial and military use; and truck and automotive drive train and power train systems for performance, fuel economy and safety. Eaton has approximately 70,000 employees and sells products to customers in more than 150 countries. For more information, visit www.eaton.com. About REpower Systems AG REpower Systems AG, a Suzlon group company, is one of the leading manufacturers of onshore and offshore wind turbines. The international mechanical engineering company develops, produces and markets wind turbines with rated outputs of 1.8 MW to 6.15 MW and rotor diameters of 82 meters to 126 meters for almost any location. The company also offers a comprehensive portfolio of service and maintenance packages. The profitable and reliable systems are designed at the REpower TechCenter in Osterrönfeld and manufactured at its plants in Husum (North Friesland), Trampe (Brandenburg) and Bremerhaven as well as Portugal and China. With more than 2,200 employees worldwide, the company, which has been listed since March 2002 and is headquartered in Hamburg, can make use of the experience gained from the manufacture and installation of around 3,000 wind turbines around the world. REpower is represented by distribution partners, subsidiaries and participations in European markets such as France, Belgium, the UK, Italy, Portugal, Sweden, Poland and Spain as well as on a global level in the USA, Japan, China, Australia and Canada. The statements in this release concerning the company's future sales, earnings, business performance, prospects, and the economy in general reflect current expectations and are forward-looking statements that involve risks and uncertainties. These forward looking statements include but are not limited to the Company's expectation that the power converters will be manufactured at Woodward's Colorado plant and that they will also include local content manufactured in New Richmond, Gaspésie region of Canada by Eaton; the Company's expectation that it will build up to 477 wind power converters for REpower Systems; the Company's anticipation that the converters, which will have up to 954 MW electrical power, to be delivered from 2010 to 2015, will be installed at the Hydro-Quebec wind power project in the Gaspésie area of Quebec, Canada; the Company's belief that the agreement with Eaton will provide a great opportunity for the region to employ local workers with the skills to support the high-technology wind power project demands; Woodward's expectation that its experience with REpower in similar projects around the world will provide both a solid wind power solution for the Quebec project as well as capital investment to the region; and Woodward's expectation that it will also provide employment opportunity and wind power technology training for the people in the area. Actual results could differ materially from projections or any other forward-looking statement and we have no obligation to update our forward-looking statements. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward's Annual Report and Form 10-K for the year ended September 30, 2009 and any subsequently filed Form 10-Q. To view this news release in HTML formatting, please use the following URL: http://www.cnw.ca/en/releases/archive/November2010/01/c7737.html pRose Briani-Burdenbr/ Business Communicationsbr/ 815-639-6282/p

Copyright