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CLIPPER WINDPOWER NAMES NEW CFO
Charles Williams to be nominated to Clipper’s Board of Directors
CARPINTERIA, CALIFORNIA – March 31, 2006 – Clipper Windpower (AIM: CWP) today announced that Charles Williams has joined the company as Chief Financial Officer. Mr. Williams will also be nominated to the Board of Directors at the Annual General Meeting of Shareholders scheduled for May 31, 2006.
With over 20 years of international financial management experience, Mr. Williams’ career spans areas of the U.S., Asia and Europe. From 1999- 2004 Mr. Williams served as Senior Vice President and Chief Financial Officer of Sithe Asia Holdings Limited, a pan-Asian independent power producer based in Hong Kong. Prior, Mr. Williams held a number of key international treasury and controllership positions based in the U.S. and London at two Fortune 500 drug manufacturers, Pharmacia & Upjohn, Inc. and The Upjohn Company.
Recently awarded a Master of Science degree in Environmental Technology from Imperial College London, Mr. Williams holds Master of Business Administration in Finance and Bachelor of Business Administration in Accountancy degrees from Western Michigan University. Mr. Williams is licensed as a Certified Public Accountant.
About Clipper Windpower
Clipper Windpower, www.clipperwind.com, is a rapidly growing wind energy technology, turbine manufacturing, and wind project development company. With offices in California, Colorado, Maryland, Mexico and the U.K., and ISO9001:2000 QMS Certified manufacturing and assembly facilities located in Cedar Rapids, Iowa, the company designs advanced wind turbines, manufactures its 2.5-MW Liberty® wind turbine and actively develops wind power generating projects in the Americas and Europe. In September 2005, Clipper completed a successful IPO on the London Stock Exchange's Alternative Investment Market (AIM). Clipper's ticker symbol is CWP.
The ordinary shares of Clipper Windpower are traded on the Alternative Investment Market of the London Stock Exchange and are not registered under the U.S. Securities Act of 1933, as amended. Such shares may not be offered or sold to residents of the United States or to persons acting on their behalf, or to other persons who are "United States Persons" within the meaning of Regulation S as promulgated under the Securities Act of 1933, unless such shares have been registered under the Securities Act or there is an available exemption from registration.
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For more information contact:
Mary McCann-Gates
Director, Global Communications
Clipper Windpower Inc.
6305 Carpinteria Avenue, Suite 300
Carpinteria, CA 93013
(main) 805.690.3275
(direct) 805.576.1323
(fax) 805.899.1115
(mobile) 661.301.0400
mgates@clipperwind.com
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