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New NPS 60-24 Empowers Wind Energy in Italy

Northern Power Systems Launches New Wind Turbine for Italian Market

BARRE, VT--(Marketwired - July 16, 2014) - Northern Power Systems (www.northernpower.com) (TSX: NPS), a next-generation renewable energy technology company, has launched a new 60 kilowatt (kW) permanent magnet/direct drive wind turbine, the NPS 60-24.

The unit has been specifically engineered for the Italian and other low wind regime markets and can generate up to 15% more energy than the outgoing NPS 60-23. The blade and rotor have been redesigned to maximize annual energy production (AEP), the new nacelle is 30% smaller, and an improved tower configuration provides further operating efficiencies.

The NPS 60-24 is currently exclusively available in Italy. It has been designed to meet local market requirements and government regulations to optimize revenue generating capabilities for owners.

Locally based service teams will help ensure reliability as these new turbines are added to Northern Power Systems' global fleet of 100kW and 60kW turbines.

The fleet has surpassed 5 million run time hours with over 99% grid-connected median availability and zero incidents since its initial product introduction in 2008.

Reinout Oussoren, Northern Power Systems' VP of Global Sales, said, "In 2013, the NPS 60-23 surpassed all previous sales records with triple digit orders coming from the Italian market. Northern Power Systems currently has the largest fleet of 60kW wind turbines in Italy and plans to further expand its market leading position. The NPS 60-24 is designed to meet specific new needs and customer expectations in the Italian market, while increasing the company's addressable market and providing further opportunities for growth."

Notice on forward-looking statements:

This press release includes forward-looking statements regarding Northern Power Systems and its business, which may include, but are not limited to, statements with respect to continuing expansion in the markets in which Northern Power Systems sells its products, production capacity at Northern Power Systems' facility, growth in the number of units distributed, the strengthening of strategic partnerships, continued growth and other factors. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements are based on the current expectations of the management of Northern Power Systems, and are based on assumptions and subject to risks and uncertainties (including the risk factors listed below). Although management of Northern Power Systems believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this release may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the company, including risks regarding customer acceptance of new products, the wind power industry, failure to obtain regulatory approvals, risks associated with product malfunctions, risks relating to production of Northern Power Systems' products, market conditions, economic factors, the equity markets generally and risks associated with growth and competition. Although Northern Power Systems has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable laws, forward-looking statements speak only as of the date on which they are made and Northern Power Systems undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

About Northern Power Systems

Northern Power Systems designs, manufactures, and sells wind turbines, and provides engineering development services and technology licenses for the global energy marketplace from its US headquarters and European offices.

  • Northern Power Systems has almost 40 years' experience in technologies and products generating renewable energy.
  • Northern Power Systems currently manufactures the NPS™ 60 and NPS™ 100 turbines. With over 5 million run time hours across its global fleet, Northern Power wind turbines provide customers with clean, cost effective, reliable renewable energy.
  • Patented next generation permanent magnet/direct drive (PM/DD) technology uses fewer moving parts, delivers higher energy capture, and provides increased reliability due to reduced maintenance and downtime.
  • Northern Power Systems offers comprehensive in-house development services, including systems level engineering, advanced drivetrains, power electronics, PM machine design, and remote monitoring systems to the energy industry.
  • Some of the world's largest manufacturers license NPS next generation technology and intellectual property for their utility and distributed wind products and markets.

To learn more about Northern Power Systems, please visit www.northernpower.com.

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