Aurora Photovoltaic Inverter Line Debuts at Intersolar Trade Show
LOS ANGELES--June 24, 2004--Magnetek, Inc. (NYSE:MAG) today announced that its line of Aurora photovoltaic (PV) inverters will be formally unveiled at the Intersolar 2004 trade show in Freiburg, Germany, on June 24-26, 2004. The Aurora PV inverter changes direct current (DC) produced by solar panels into utility-grade alternating current (AC). Connectivity to the utility grid enables the new Aurora PV inverter to feed power into the grid as well as to power local loads.
Magnetek's alternative energy business manager, Mark Haug, expects early market acceptance of the new Aurora inverter by photovoltaic system builders, their distributors, and solar system integrators in Europe, North America and internationally. According to Mr. Haug, the Aurora inverter represents the most advanced technology available in the PV industry, featuring the capability to maximize, by means of proprietary circuitry and software algorithms, the amount of useable (AC) electricity harvested from solar panels under all ambient light conditions.
The Aurora line includes six basic models: two indoor and two outdoor transformerless models, and two outdoor models equipped with high-efficiency isolation transformers. All Aurora models offer unmatched energy harvesting capability -- especially under varying weather conditions -- inherently high power conversion efficiency, compact size and lightweight, ease of installation, and reliability stemming from robust system design. The complete Aurora product line will be available by year-end, including accessories.
"With Aurora we are meeting the fundamental needs of the expanding PV market worldwide: a quality inverter designed and built to last as long as the PV plant itself, and packed with state-of-the-art technology," states Sauro Macerini, lead engineer of the Aurora design team. Adds director of marketing Raffaele Salutari, "Aurora is really the heart of our alternative energy strategy. We believe it will be the inverter of choice in the PV market worldwide, and we intend to stay abreast of the fast-moving PV wave with future Aurora line expansions."
Magnetek will officially introduce the new Aurora PV inverter to the North American market at the Solar 2004 trade show in Portland, Ore. on July 11-13, 2004. Concurrently, the Company has launched a new website featuring Aurora and other advanced products for the alternative energy market, such as power interfaces for wind turbines and fuel cells, at http://www.alternative-energies.com/.
Magnetek, Inc. manufactures digital power products and systems used in distributed power generation, industrial controls, medical electronics, semiconductor processing, consumer products, transportation, communications, information technology and other applications requiring highly reliable, precise, energy-efficient power. The Company operates manufacturing and research facilities worldwide and reported total revenue of $202 million for its 2003 fiscal year, which ended on June 30, 2003. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's expectations regarding sales of and markets for its products and services, including power conditioners for alternative energy sources such as photovoltaic, wind and fuel cell power generators. These forward-looking statements are subject to a number of risks and uncertainties, many of which cannot be predicted or quantified by the Company and are beyond the Company's control. Future events and actual results may differ materially from those set forth in, contemplated by, or underlying these forward-looking statements.
CONTACT: Magnetek, Inc. Robert Murray, 310-689-1610 firstname.lastname@example.org
KEYWORD: OREGON CALIFORNIA GERMANY INTERNATIONAL EUROPE INDUSTRY KEYWORD: TELECOMMUNICATIONS HARDWARE ENERGY PRODUCT TRADESHOW SOURCE: Magnetek, Inc.
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