Wisconsin Wind Works Member Magnetek sees over $8 Million of orders for its E-Force® inverters for variable speed turbine generators. The orders represent a new market for Magnetek and have come in over the past five weeks, to be delivered April 2011 and July 2011.
Wisconsin Wind Works supports Magnetek’s recent successes in the wind industry and forwards their progress update on to all Wisconsin Wind Works members.
Read the full press release, as well as information on Magnetek, Inc., below.
Menomonee Falls, Wis. –January 10, 2011–Magnetek, Inc. (NYSE: MAG) today announced that it has received production orders over the past five weeks for its E-Force® power inverters valued at over $8 million. Magnetek's modular utility-scale power inverters regulate and transform DC power generated by renewable sources into utility-grade AC power, which is distributed to the power transmission grid. The orders received include inverters for wind turbines as well as an initial production order valued at nearly $1 million for inverters to be used in the operation of variable speed turbine generators for combined heat and power (CHP), a new market for the Company. The orders are currently scheduled for delivery between April 2011 and July 2011.
“We are pleased to receive these additional inverter orders. The use of our E-Force inverters in CHP turbine power generation is an exciting new application for our products and furthers our goal to become a major provider of utility-scale power inverters for renewable energy applications,” said Ed Butte, Magnetek’s Director of Renewable Energy. “We continue to actively quote applications beyond wind and see this order as a solid sign that the benefits of variable speed technology are being recognized in other markets.”
About Magnetek, Inc.
Magnetek, Inc. is a leading provider of digital power and motion control systems used in energy delivery, overhead material handling, and elevator applications. In addition to power conditioning products for renewable energy applications, the Company is North America’s largest supplier of digital drive systems for industrial cranes, hoists, and monorails. Magnetek provides Energy Engineered® drives, radio remote controls, motors, and braking and collision avoidance subsystems to North America’s foremost overhead material handling crane builders. Magnetek is also the world’s largest independent builder of highly integrated digital motion control systems for high-rise, high-speed elevators and is a leading independent supplier of digital motion control systems for underground coal mining applications. Magnetek is headquartered in Menomonee Falls, Wis., in the greater Milwaukee area and operates manufacturing facilities in Pittsburgh, Pa., and Canonsburg, Pa., as well as Menomonee Falls.
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