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Building-Integrated 4.8 Kilowatt System Technology Demonstrator Installed on the Adventure Aquarium in Camden, New Jersey
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September 13 2007
MONROVIA, Calif., September 13, 2007 - AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, announces the first technology demonstration of its building-integrated Architectural Wind system and new AVX400 wind turbine. The wind-turbine system is installed on the Adventure Aquarium in Camden, New Jersey. The project's stakeholders are the Delaware River Port Authority (DRPA), a bi-state agency of Pennsylvania and New Jersey; the Camden County Board of Freeholders; the State of New Jersey, which owns the building, and Steiner & Associates, the aquarium's operators.
A small, modular wind-turbine system, AV's Architectural Wind provides an attractive, clean-energy-generating technology for use in both urban and suburban environments. It is designed for quick, easy installation onto new or existing concrete tilts-up or pre-cast buildings, with little or no structural impact. The Camden system is fastened directly to the aquarium's parapet, and comprises 12 individual AVX400 wind turbines (400 watts each) for a total of 4.8 kilowatts peak power. Installed in February, the system began generating electricity after becoming interconnected to the utility grid in April of 2007. To enhance the educational aspect of the system, AV also installed an interactive kiosk facing the aquarium's rainforest waterfall, to tie in with its environmental theme.
Commented Joe Edwards, Vice President & General Manager of AV's Energy Technology Center "The project provides a fun, educational experience for school children and the general public, making them more aware of the benefits of renewable energy. We thank the DRPA, Camden County, the State of New Jersey, and Steiner & Associates for their support and their commitment to the environment by being a leader in the adoption of this unique, new technology."
Edwards added that AV is pursuing additional Architectural Wind projects in New Jersey and seeking innovative partners committed to sustainability. He noted that New Jersey offers substantial rebates and other incentives and that the projects would also promote economic development by generating increased revenue for local service providers selected for system integration, engineering and operational support.
AV is a pioneer in advanced energy system technologies. Since 1977, it has maintained a continuous presence in wind power technology, conducting more than 250 sponsored projects and investing in, developing, owning and managing wind farms. AV's new building-integrated Architectural Wind is a small, modular wind-turbine system that provides an attractive clean-energy generating technology for use in both urban and suburban environments.
# # # A small, modular wind-turbine system, AV's Architectural Wind provides an attractive, clean-energy-generating technology for use in both urban and suburban environments. It is designed for quick, easy installation onto new or existing concrete tilts-up or pre-cast buildings, with little or no structural impact. The Camden system is fastened directly to the aquarium's parapet, and comprises 12 individual AVX400 wind turbines (400 watts each) for a total of 4.8 kilowatts peak power. Installed in February, the system began generating electricity after becoming interconnected to the utility grid in April of 2007. To enhance the educational aspect of the system, AV also installed an interactive kiosk facing the aquarium's rainforest waterfall, to tie in with its environmental theme.
Commented Joe Edwards, Vice President & General Manager of AV's Energy Technology Center "The project provides a fun, educational experience for school children and the general public, making them more aware of the benefits of renewable energy. We thank the DRPA, Camden County, the State of New Jersey, and Steiner & Associates for their support and their commitment to the environment by being a leader in the adoption of this unique, new technology."
Edwards added that AV is pursuing additional Architectural Wind projects in New Jersey and seeking innovative partners committed to sustainability. He noted that New Jersey offers substantial rebates and other incentives and that the projects would also promote economic development by generating increased revenue for local service providers selected for system integration, engineering and operational support.
AV is a pioneer in advanced energy system technologies. Since 1977, it has maintained a continuous presence in wind power technology, conducting more than 250 sponsored projects and investing in, developing, owning and managing wind farms. AV's new building-integrated Architectural Wind is a small, modular wind-turbine system that provides an attractive clean-energy generating technology for use in both urban and suburban environments.
About AeroVironment, Inc. (AV)
AeroVironment is a technology solutions provider that designs, develops, produces and supports an advanced portfolio of Unmanned Aircraft Systems (UAS) and electric transportation solutions. Agencies of the U.S. Department of Defense and allied military services use the company’s electric-powered, hand-launched unmanned aircraft systems extensively to provide situational awareness to tactical operating units through real-time, airborne reconnaissance, surveillance and communication. Multiple government agencies have helped to fund the development and demonstration of Global Observer, a hybrid-electric, stratospheric UAS designed to provide affordable, persistent reconnaissance and communication over any location on the globe. Switchblade is a loitering munition designed to provide a rapid, lethal, pinpoint precision strike capability with minimal collateral damage. AeroVironment’s electric transportation solutions include a comprehensive suite of electric vehicle (EV) charging systems, installation and data services for consumers, automakers, utilities and government agencies, power cycling and test systems for EV developers and industrial electric vehicle charging systems for commercial fleets.
Safe Harbor Statement
Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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