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July 23, 2008
Vancouver,
BC, Canada: Xantrex Technology in Negotiations for Sale of Company
Xantrex
Technology has announced that it is in exclusive negotiations
with respect to the sale of the Company.
No
assurance can be given that these negotiations will be successful
or, if an agreement is reached, that a transaction will be successfully
concluded. Xantrex will provide a further update upon completion
of the negotiations.
Xantrex
Technology Inc. is a leader in the development, manufacturing
and marketing of advanced power electronic products and systems
for the renewable, programmable, and mobile power markets.
The
company’s products convert and control raw electrical power from
any central, distributed, renewable, or backup power source into
high-quality power required by electronic and electrical equipment.
Headquartered in Vancouver, British Columbia, the company has
facilities in Arlington, Washington; Livermore and San Diego,
California; Elkhart, Indiana; Barcelona, Spain; and Reading, England.
Xantrex is listed on the Toronto Stock Exchange under the ticker
symbol "XTX".
Further details about: Xantrex
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