Woodward To Supply Fuel System and Controls for Miniturbine; Expands Energy Control Technologies for Distributed Power Generation Market.Business Editors ROCKFORD, Ill.--(BUSINESS WIRE)--Nov. 13, 2000 Woodward Governor Company The Woodward Governor Company is the world's oldest and largest independent designer, manufacturer, and service provider of energy control solutions for aircraft engines, industrial engines and turbines, power generation and mobile industrial equipment. (Nasdaq: WGOV) announced today that its Industrial Controls business group signed an agreement with DTE Energy DTE Energy Co. (NYSE: DTE) is a Detroit, Michigan-based utility incorporated in 1995 involved in the development and management of energy-related businesses and services nationwide. Technologies to supply the fuel system for the ENT-4000 mini gas turbine. The miniturbine is targeted for distributed power generation applications for small to medium commercial and industrial customers and micro-grids serving both residential and commercial development projects. This agreement is founded upon the Letter of Intent for development of the fuel system. The project team, led by DTE Energy Technologies in Farmington Hills Far·ming·ton Hills A city of southeast Michigan, an industrial suburb of Detroit. Population: 81,400. , Mich. is incorporating a Pratt & Whitney Canada ST-5 engine and Turbo Genset Co. Ltd. generator/power electronics. Woodward will be integrating a fuel system that includes a patented metering valve and control system for accurate flow control at a very low cost compared to conventional turbine control systems. Industrial Controls Vice President Tom Gendron said, "We are very excited to be working with DTE (Data Terminating Equipment) A communications device that is the source or destination of signals on a network. It is typically a terminal or computer. Contrast with DCE.  DTE - Data Terminal Equipment , a leader in distributed power generation. This system will provide excellent performance to reduce emissions and improve efficiency at mini/microturbine cost requirements. Our energy control systems strategy covers many types of power equipment, including microturbines and fuel cells." Woodward's small industrial engines product line encompasses engine management systems and components for high-speed reciprocating engines and gas turbines, primarily less than 300 hp (224 kW). Woodward's Microturbine and Fuel Cell Team has been focused on applying these technologies on new distributed power products. John Emery, fuel cell and microturbine controls product manager at Woodward, said, "By combining the strength and experience of Woodward's proven controls with our high-volume components, we can provide fuel cell and microturbine manufacturers unmatched performance at an economical cost." Murray Davis, vice president of DTE Energy Technologies, said, "We are pleased to have Woodward on the ENT-4000 team. They bring a wealth of experience and knowledge on industrial turbine controls and fuel delivery systems that strengthen our team." The first development engine is scheduled to run in early 2001 with production starting in 2002. About DTE Energy Technologies DTE Energy Technologies is a diversified high-technology company offering a broad range of products and services to solve the energy-related challenges of commercial, residential and industrial customers. Among these are energy systems that provide both on-site power and stand-by generation. The company is an unregulated subsidiary of DTE Energy Co. (NYSE NYSE See: New York Stock Exchange : DTE), a diversified energy company involved in the development and management of energy-related businesses and services across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . DTE's major operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. is Detroit Edison Detroit Edison, founded in 1903, is an investor-owned electric utility which serves most of Southeast Michigan. Its parent company, DTE Energy (NYSE: DTE), provides energy services to a variety of clients beyond Detroit Edison's service area. which supplies power to over 2 million customers in Michigan. About Woodward Industrial Controls, a Woodward business based in Fort Collins, Colorado The City of Fort Collins, a home rule municipality situated on the Cache la Poudre River along the Colorado Front Range, is the county seat and most populous city in Larimer County, Colorado. , is a world leader in turbine and engine controls. The business provides innovative controls and fuel delivery systems that are used by engine and turbine manufacturers worldwide to make their products cleaner and more efficient. Headquartered in Rockford, Illinois Rockford is a mid-sized city located on both banks of the Rock River in far northern Illinois. Rockford is often referred to as "The Forest City" and is the county seat of Winnebago County, Illinois, USA. As reported in the 2000 U.S. and serving global markets from locations worldwide, Woodward designs, manufactures, and services energy control systems and components for aircraft and industrial engines and turbines. The company's products and services are used in the aerospace, power generation, oil and gas processing, and transportation markets, which includes rail, marine and many light and heavy industrial applications. Woodward has approximately 3,300 employees. Visit our Web site at www.woodward.com. The statements in this release concerning the company's future billings, business performance, and prospects reflect current expectations and are forward-looking statements that involve risks and uncertainties. Actual results could differ materially from projections or any other forward-looking statement. Factors which could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward's Annual Report and Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended September 30, 1999, and Form 10-Q Form 10-Q See 10-Q. for the quarterly period ended June 30, 2000. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion