Northern Power Systems Names Doug Prince Chief Financial Officer
Barre, VT (Vocus) November 1, 2010
Northern Power Systems, Inc. (http://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 Power™ 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: http://www.northernpower.com.
Contact:
John J. Ciempa
Marketing Communications Specialist
Northern Power Systems
802-461-2922
jciempa(at)northernpower(dot)com
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