China's CSR-ZELRI Orders 100 Sets of Wind Turbine Core Electrical Components from AMSC
CSR-ZELRI Accelerates Production of 1.65 Megawatt Wind Turbines
American Superconductor Corporation (NASDAQ: AMSC), a leading energy technologies company, today announced that it has received a multi-million-dollar order for 100 sets of its wind turbine core electrical components from China's CSR Zhuzhou Electric Locomotive Research Institute Co., Ltd ("CSR-ZELRI"). The company will use the components in 1.65 megawatt (MW) wind turbines designed by AMSC's wholly owned AMSC Windtec® subsidiary. Under the terms of the contract, AMSC expects to ship all of the core electrical components by the end of calendar 2009 to support CSR-ZELRI's increased production of wind turbines.
reeWave Technologies in Boulder, Colorado continues to buck the trends and conventional practices popular today. How? FreeWave presented every employee with a bonus on January 16, 2009. The company has paid this bonus every six months since the first one was paid in July 1995. Payments are based on company profitability and individual performance.