Magnetek Aurora Solar Inverters Pass VDE Compliance Tests.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Magnetek, Inc. (NYSE NYSESee: New York Stock Exchange :MAG) today announced that its new, state-of-the-art Aurora(TM) photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. (PV) inverters have successfully passed compliance tests for VDEW VDEW Verband der Elektrizitätswirtschaft (German Electricity Association) VdEW Verband der Ernährungswirtschaft eV. and VDE (1) (Video Display Editor) A WordStar and WordPerfect-compatible shareware word processor written by Eric Meyer. (2) (Verband Deutscher Elektrotechniker) The German counterpart of the U.S. Underwriters Lab. 0126 (Germany) and DK5950 (Italy) requirements, qualifying Aurora inverters for connectivity to the utility power grid in Germany, the world's second largest solar power market, and Italy, a promising market with rebate programs due to be launched in the near future. According to the Company, it has already booked approximately EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1 million ($1.3 million) in orders for the new Aurora inverters in Germany alone, and VDE compliance (the European equivalent of UL) essentially opens up most of the European market to the new product line, which officially went on sale in Germany and Italy late last month. Aurora was UL-1741 listed for grid-connection in the U.S. and tested for compliance with CEC (Central Electronic Complex) The set of hardware that defines a mainframe, which includes the CPU(s), memory, channels, controllers and power supplies included in the box. Some CECs, such as IBM's Multiprise 2000 and 3000, include data storage devices as well. (California) and NYCERTA (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) safety standards last October. Connectivity to the utility grid enables Aurora inverters to feed power from solar panels directly into the grid, thus reducing or even reversing energy flow -- making kilowatt-hour meters run backward. Designed for residential as well as commercial applications, Aurora inverters change the direct current (Dc) produced by solar panels into utility-grade alternating current (Ac). The Aurora line includes six basic models: two indoor models, two outdoor transformerless models optimized for the European market, and two outdoor models equipped with high-efficiency isolation transformers for the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market. All Aurora models offer unmatched energy-harvesting capability under varying light and weather conditions, as well as very high power conversion efficiency, compact size, light weight, easy installation, and reliability based on robust system design, according to the Company. A key advantage that Aurora brings to market is its exceptional reliability, based on Magnetek's extensive experience in designing and building digital power products for applications such as telecom equipment and computer servers wherein reliability is paramount. Aurora's other advantages include its unique capability to optimize, by means of proprietary circuitry and software algorithms, the amount of usable electricity harvested from solar panels under all ambient light conditions. Indoor models achieve up to 96% efficiency, and transformer-isolated outdoor models offer up to 94% efficiency. Higher power models feature a dual-source circuit input that allows two PV arrays to be connected to two independent Maximum Power Point Tracking (MPPT MPPT Maximum Power Point Tracking (space power regulator topology) ) circuits, affording outstanding design flexibility for all PV installations. Weighing less than 15.4 lbs., Aurora indoor models are uncommonly compact and offer the highest power density of any inverter (1) A logic gate that converts the input to the opposite state for output. If the input is true, the output is false, and vice versa. An inverter performs the Boolean logic NOT operation. (2) A circuit that converts DC current into AC current. Contrast with rectifier. on the market today. With IP21 (NEMA NEMA National Electrical Manufacturers Association NEMA National Emergency Management Agency NEMA National Emergency Management Association NEMA Nottingham East Midlands Airport (UK) 2) enclosure protection and conformal coating on the power boards, they are equally well suited for installation in the basement or under the roof, and support a graphical LCD display on the front panel. Transformer-isolated Aurora outdoor models are easy to install, and feature IP65 (NEMA 4X) enclosures, robust waterproof construction, LCD display, RS-485 port for computer control and integral power line modems. These modems provide the best communications available on the market, allowing monitoring of up to 63 units working in parallel without extra wiring and uninterrupted data-flow to an external graphical LCD controller. Onboard data loggers come standard on all units. Options include dial-up and GSM modems for remote control. Magnetek 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. The site address is http://www.alternative-energies.com. Magnetek, Inc. manufactures digital power products and systems used in distributed power generation, industrial automation, 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 $243 million for its 2004 fiscal year, which ended on June 30, 2004. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, including statements about the Company's expectations regarding sales of and markets for its products 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. |
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