• Clipper has concluded its first wind turbine sales agreements for deliveries through 2011, with 1,079 MW in firm turbine sale commitments, approximately 2,500 MW in contingent orders, and joint development / contingent sale agreements for over 2,000 MW of early stage projects which would deploy Clipper turbines.

• Commenced production in 2006, with the manufacturing completion of Clipper's first eight Liberty® 2.5 MW wind turbines. Series production as of 26 March 2007 is at 28 turbines, including the eight produced in 2006.

• Increased floor space to over 215,000 square feet at Clipper's Cedar Rapids assembly plant, increasing the plant's capacity to over 400 wind turbines per year.

• Initiated turnkey construction of the 40-turbine Endeavor project in Iowa, scheduled for completion in summer 2007.

• Strengthened Clipper's intellectual property portfolio by obtaining several key new patents.

• Maintained in excess of 6,000 MW net ownership share of diversified wind resource portfolio after considering joint project development and asset sale agreements, including over 1,800 MW in wind project potential added in 2006.

• Raised $85.0 million in a successful share placing to finance the turnkey construction of the Endeavor project and future strategic initiatives.