Northern Power Systems, Inc. (www.northernpower.com), a next-generation
wind turbine technology company and leading manufacturer of permanent
magnet direct-drive wind turbines, today announced that is has named
Doug Prince as its new Chief Financial Officer.
Mr. Prince has over 30 years of financial and operational leadership
experience with global high tech, industrial and life sciences businesses.
Prior to joining Northern Power Systems, he served as the Chief Financial
Officer for MDS Inc., a $1.2 billion publicly traded global life sciences
company located in Toronto, Canada. Mr. Prince has also held senior
leadership roles at PerkinElmer, GE Capital, Aeroquip-Vickers and
AlliedSignal, and spent the first 15 years of his career with General
Electric.
"We are thrilled to have Doug join our team as Chief Financial Officer. He
brings a wealth of financial, operational and public company experience to
Northern Power Systems," said John Danner, President & CEO of Northern Power
Systems.
"The rapid growth of the global wind turbine industry represents a
tremendous opportunity for Northern Power Systems," said Mr. Prince. "I look
forward to working with the team to deliver shareholder value as we build a
world-class wind turbine company."
About Northern Power Systems
Northern Power Systems has over 30 years of experience in developing
advanced, innovative wind turbines. The company's next generation wind
turbine technology is based on a vastly simplified architecture that
utilizes a unique combination of a permanent magnet generator and
direct-drive design. This revolutionary new approach delivers higher energy
capture, eliminates drive-train noise, and significantly reduces maintenance
and downtime costs. The company currently manufactures the Northern PowerT
100 turbine, designed specifically for community wind applications such as
schools/universities, businesses, commercial farms, and municipalities.
Later this year, the company plans to launch a 2.2MW turbine into the
utility-scale marketplace for wind farm applications. Northern Power Systems
is a fully integrated company that designs, manufactures, and sells wind
turbines into the global marketplace from its headquarters in Vermont, USA,
with offices in Massachusetts and Michigan, USA and Zurich, Switzerland.
For more information about Northern Power Systems, please visit:
www.northernpower.com.
