"The aerospace industry relies on specialized technology and the dependability of their suppliers," said Mossadiq S. Umedaly, Xantrex Chairman. "This agreement reflects the continued confidence that the aerospace industry has in Xantrex Programmable Power products and customer service."

"Our customers want a reliable power partner who understands not only their applications but their business as well," said John Wallace, Xantrex CEO. "Our goal is to provide customers with complete solutions rather than just power sources."

Xantrex supports its customers by offering comprehensive power solutions to meet their needs. Programmable Power's specialized Engineered Solutions Group (ESG) provides customized solutions for individual applications. The ESG supports all market segments with modified catalog products, power subsystems, and complete power solutions.

About Xantrex

Xantrex Technology Inc. (www.xantrex.com) is a world 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. Xantrex is headquartered in Vancouver, Canada, with facilities in Arlington, Livermore, San Diego, and Elkhart, United States; Barcelona, Spain; Reading, England; Berlin, Germany; and a joint venture in Shanghai, China. Xantrex is listed on the Toronto Stock Exchange under the ticker symbol "XTX".

Note that this news release contains forward-looking statements related to Xantrex Technology Inc. Such statements reflect the current views of Xantrex with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in these forward-looking statements. Xantrex and Smart choice for power are trademarks of Xantrex International, registered in the United States and other countries.

Contacts:
Xantrex Technology Inc.
Investor Relations
(604) 422-2601
Email: investor.relations@xantrex.com
Website: www.xantrex.com

SOURCE: Xantrex Technology Inc.

mailto:investor.relations@xantrex.com
http://www.xantrex.com

Mark Forest 202-225-3111

DELAHUNT SPONSORS LANDMARK RENEWABLE ENERGY INITITIATIVES

"Feed-in-Tariff" and International Renewable Energy Agency Will Boost US as Leader in Clean Energy

WASHINGTON, DC - Four House members today filed legislation that would provide much-needed investment security in the renewable-energy sector. U.S. Reps. Jay Inslee (D-Wash.), Bill Delahunt (D-Mass.), Jim McDermott (D-Wash.) and Mike Honda (D-Calif.) introduced the Renewable Energy Jobs and Security Act, which would provide guaranteed renewable-energy payments to small and mid-sized clean-energy suppliers up to 20 MW in size, which is the amount of power produced by about 10 wind turbines.

Modeled after a successful German policy called a feed-in tariff, the measure has three main components designed to provide long-term investment security: guaranteed interconnection to the grid; long-term, fixed-rate contracts with electric utilities; and, a rate-recovery program through a regional cost-sharing commission to minimize the impact on consumers. Beyond creating secure investment opportunities for small, distributed-scale renewable electricity generators many of whom do not benefit from existing tax incentives; it also would help utilities in states like Washington meet renewable energy purchase obligations.

"It is time for the United States to take a leadership role in the new 'clean energy' economy," Delahunt said. By giving our own consumers access to proven financial incentives and boosting demand for clean energy technology we can position the United States to become a world leader in this emerging sector of the global economy that has the potential to create thousands of new 'green-collar' jobs here at home."

"The cost of inaction on global warming extends well beyond the serious ecologic and human-health impacts that already are taking a toll on our environment," Inslee said this morning during a hearing in the House Energy and Commerce Subcommittee on Energy and Air Quality. "There also is an opportunity cost if we fail to help America's brightest entrepreneurs quench the public demand for clean-energy technologies here in the U.S.

He continued: "With hundreds of billions of dollars in capital slated for investment in the clean-energy sector in coming decades, we'd be fools if we didn't ensure American manufacturers would be on the receiving end of this rapidly growing market."

The feed-in tariff enacted in Germany in 2003 has helped the European nation achieve 55 percent of the world's installed solar capacity, provide 14 percent of its electricity supply from renewable sources and create at least 140,000 jobs. Similar policies also have been adopted by France, Spain and over 40 other countries, provinces and states.

In the United States, measures that would enact such a system already have been proposed or considered in over a dozen states. Enacting a federal renewable-energy payments policy would streamline what could become a patchwork regulatory structure and an unstable investment climate for the U.S. domestic renewable energy market. It also would complement incentives for renewable-energy deployment, such as existing federal-tax credits as well as proposed plans to cap carbon emissions and set federal renewable-electricity requirements, among others.

Under the Renewable Energy Jobs and Security Act, the Federal Energy Regulation Commission would set technology-specific prices that utilities would pay renewable-energy suppliers with up to 20 MW of capacity. Prices would be reduced incrementally every two years over a two-decade span, with the goal of reaching or approaching market rate.

The legislation has been endorsed by over 80 non-governmental organizations, renewable-energy companies and clean-energy investors. It is expected to be referred to the House Energy and Commerce Committee. A companion measure has not yet been introduced in the Senate.

In addition, Delahunt recently joined with Congressman Ed Markey (D-MA) and Congressman Lamar Smith (R-TX) in calling for the creation of the International Renewable Energy Agency (IRENA), to promote the widespread adoption of renewable energy technology around the world.

IRENA's mission would primarily be threefold. It will provide support to governments in establishing policies and programs that promote renewable energy and energy efficiency. It will assist countries in conducting studies that analyze the potential of renewable energy and various sources of such energy, thereby facilitating the transfer of knowledge gained from successful renewable energy programs in countries like Germany. Finally, IRENA would work closely with financing institutions to develop and support innovative financing mechanisms to promote renewable energy and energy efficiency.

-30-

Find below a letter of support for the legislation:

STATEMENT OF SUPPORT FOR FEDERAL FEED-IN TARIFF LEGISLATION

We applaud Congressman Inslee for guiding the United States toward a national clean energy policy that would help America develop a world-class renewable energy market, strengthen our domestic economy, increase electric grid stability and reduce our dependence on costly peak energy sources.

Under his policy proposal, self-sufficient Americans who want to generate their own electricity from renewable and clean energy sources are guaranteed interconnection to the grid, plus a long-term contract for a utility to purchase their electricity at a premium rate. The electricity and interconnection costs of the program are covered through a built-in surcharge that provides market stability while distributing costs equitably to all electric utility customers.

With a proven track record in over 40 countries, states and provinces worldwide, this guaranteed funding mechanism ensures that renewable energy capital is a sound long-term investment for individuals and businesses. Furthermore, renewable energy payments ensure that renewable energy investors are rewarded, not just for the capital that they purchase, but for the electricity that they produce, which sends a market signal for the generation of more clean power at the lowest possible cost.

Signed,

ARIZONA

Stephen M. Brittle, President

Don't Waste Arizona, Inc.

Phoenix, AZ

Larry Bell, President

North East Arizona Energy Services Company

Concho, AZ

CALIFORNIA

Rochelle Becker, Exec. Director

Alliance for Nuclear Responsibility

San Luis Obispo, CA

Robert McConnell, PhD; Director of Government Affairs & Contracts

Amonix, Inc.

Torrance, CA

Jenny Sherman

BioTour

Marin, CA

Francis U. Macy, Co-Director

Center for Safe Energy

Berkeley, CA

James J. Provenzano, President

Clean Air Now

Los Angeles, CA

Tam Hunt, Energy Program Director/Attorney

Community Environmental Council

Santa Barbara, CA

Aimee Barnes, Manager - US Regulatory Affairs

EcoSecurities

Claremont, CA

Karen Morgan, President

Envision Solar International, Inc.

La Jolla, CA

Kevin Danaher, Co-Founder

Global Exchange

San Francisco, CA

Jennifer O. Viereck, Director

HOME: Healing Ourselves & Mother Earth

Tecopa CA

Tom Kelly, Director

KyotoUSA

Berkeley, CA

Michael T. Nelson, CTO

Michael T. Nelson, Inc.

Redwood City, CA

Philip Tymon, Administrative Director

Occidental Arts and Ecology Center

Occidental, CA

Michael Welch

Redwood Alliance

Arcata, CA

Stuart Magruder, AIA, LEED

Studio Nova A Architects, Inc.

Los Angeles, CA

John Wallace, CEO

Xantrex Technology Inc.

Livermore, CA

Roy Schwartz

Solar Power Partners

Mill Valley, CA

Gary D. Conley, CEO

SolFocus, Inc.

Mountain View, CA

COLORADO

Daniel Ziskin, PhD; President

Jews Of The Earth

Denver, CO

CONNECTICUT

Joel N. Gordes, President

Environmental Energy Solutions

West Hartford, CT

DISTRICT OF COLUMBIA

Bill Holmberg

Biomass Coordinating Council

Washington, DC

Fernando Ausin

BioTour

Washington, DC

Erik Jansson, President

Department of the Planet Earth

Washington, DC

Carol Werner, Executive Director

Fred Beck

Energy Environmental Study Institute

Washington, DC

Jeffrey J. Burke, Executive Director

National Pollution Prevention Roundtable

Washington, DC

FLORIDA

Peter DeNapoli

Manager, Eastern Region

SolarWorld

Boca Raton, FL

John Burges, Managing Director

Think Energy Partners LLC

Sarasota, FL

Roger Messenger, PhD, PE

Vice President,

VB Engineering

Boca Raton, FL

GEORGIA

Gary Elliott, President

International Applied Engineering, inc.

Marietta, GA

Glenn Carroll, Coordinator

Nuclear Watch South

Atlanta, GA

INDIANA

John Blair, President

Valley Watch, Inc.

Evansville, IN

IOWA

Mia Kenyon Brown

Iowa Renewable Energy Association

Muscatine, IA

KENTUCKY

Andy McDonald

ASPI

Kentucky Solar Partnership

Kentucky Solar Energy Society

MAINE

W. Donald Hudson, Jr.; President

The Chewonki Foundation

Wiscasset, ME

MARYLAND

Tom Z. Collina, Executive Director

2020 Vision

Silver Spring, MD

Jeff Barnett, CEO

Blue Square Energy

North East, MD

Albert Nunez

Capital Sun Group

Cabin John, MD

Arjun Makhijani, Ph.D., President

Institute for Energy and Environmental Research

Takoma Park, MD

Peter Lowenthal

Maryland-DC-Virginia Solar Energy Industries Association

Bethesda, MD

Michael Mariotte, Executive Director

Nuclear Information & Resource Service

Takoma Park, MD

Erik Jansson, President

Potomac River Association

Valley Lee, MD

Rajat Sen, President

SENTECH, Inc.

Bethesda, MD

Neville Williams, Chairman

Standard Solar, Inc.

Gaithersburg, MD

Ken Bossong, Executive Director

SUN DAY Campaign

Takoma Park, MD

John W. Spears, CEM, LEED A.P.; President

Sustainable Design Group Inc.

Gaithersburg, MD

Donald Keesing, Coordinator

Voices Opposed To Environmental Racism/VOTER

Takoma Park, MD

Freyr Sverrisson

Partner, Sunna Energy Partners

Derwood, MD 20855

MASSACHUSETTS

Alan Palm

BioTour

Marion, MA

Ethan Burke

BioTour

Berklee, MA

Sandra Gavutis, Executive Director

C-10 Research & Education Foundation

Newburyport, MA

Debbie Katz

Citizens Awareness Network

Shelburne, MA

Howard Berke, Chairman

Konarka Technologies Inc.

Lowell, MA

Lois Barber

Executive Director

EarthAction

Amherst, MA

Wilson Rickerson, President

Rickerson Energy Strategies, LLC

Jamaica Plain, MA

MICHIGAN

Patti Glaza, Executive Director & CEO

Clean Technology and Sustainable Industries Organization

Royal Oak, MI

Representative Kathleen Law

Michigan House District 23

Lansing, MI

MINNESOTA

George Crocker, Executive Director

North American Water Office

Lake Elmo, MN

Bruce A. Drew, Steering Committee

Prairie Island Coalition

Minneapolis, MN

Lisa Daniels, Executive Director

Windustry

Minneapolis, MN

NEVADA

Greg Hanson, President/CEO

Aqua Sun International

Minden, NV

Judy Treichel, Executive Director

Nevada Nuclear Waste Task Force

Las Vegas, NV

NEW HAMPSHIRE

Caroline Snyder Ph.D., President

Citizens for Sludge-Free Land

North Sandwich, NH

NEW JERSEY

Lyle K. Rawlings, P.E.; Chief Executive Officer

Advanced Solar Products, Inc.

Ringoes, NJ

Daniel Poore, CEO & President

Noveda Technologies

Branchburg, NJ

John L. Cusack, Executive Director

New Jersey Higher Education Partnership for Sustainability

Newark, NJ

NEW YORK

Gary P. Hoffman, Owner

Applied Thermodynamics

Middlesex, NY

Sylvester Johnson, Ph.D.

federalcarbontax.org

Brooktondale, NY

Gary Birke

Motorworks Clean Vehicles, Inc.

New York Area Dealer for:

Miles Automotive Electric Vehicles

Amityville, NY

Christine Donovan, Executive Vice President

New York Solar Energy Industries Association

Endicott, NY

PENNSYLVANIA

David Hughes, Executive Director

Citizen Power

Pittsburgh, PA

PUERTO RICO

Alex Casasnovas, Environmental, Health and Safety Specialist, REM, Ch Eng

Energy Alliance - Puerto Rico Manufacturing Association

Guaynabo, PR

TEXAS

Geoffrey Castro

Citizens League for Environmental Action Now

Houston, TX

UTAH

Adina Hamik

School Next Door

Salt Lake City, UT

Steven Keyser

Snowberry Ridge Zero Emission Residential Development

Salt Lake City, UT

VERMONT

Andrew Perchlik

Renewable Energy Vermont

Montpelier, VT

Bob Walker

Sustainable Energy Resource Group

Thetford Center, VT

Debra Stoleroff

Vermont Yankee Decommissioning Alliance

Montpelier, VT

VIRGINIA

Michael Keeler, CEO

Ecologic Leasing Solutions

Great Falls, VA

Milton Copulos, President

National Defense Council Foundation

Alexandria, VA

Scott Sklar, President

The Stella Group, Ltd.

Arlington, VA

WASHINGTON

Denis Hayes, President & CEO

Bullitt Foundation

Seattle, WA

Susan Petty, President

AltaRock Energy, Inc.

Seattle, WA

Peter Brehm, VP

Infinia Corporation

Kennewick, WA

Terry K. Phelan, Owner/Architect

Living Shelter Design Architects, PLLC

Issaquah, WA

WISCONSIN

Steve Dvorak, P.E.; President

GHD, Inc.

Chilton, WI

Michael J. Vickerman, Executive Director

RENEW Wisconsin

Madison, WI

INTERNATIONAL

Hermann Scheer, MP

Member, German Parliament

Chairman, World Council for Renewable Energy,

President, World Renewable Energy Parliamentary Network

Berlin, Germany

Hans-Josef Fell, MdB

Member, German Parliament

Vice President, Eurosolar

Berlin, Germany

Stefan Schurig

Climate and Energy Director

World Future Council

INDIVIDUALS

Janet L. Sawin, Ph.D.

Derwood, MD

Vicki Eckels

Fort Lauderdale, FL

Denver-area dates include:

-- Friday, Aug. 1 & Saturday, Aug. 2: NREL at Golden, 9:00 am to 5:00 pm

-- Thursday, Aug. 7: Boulder Staples, 9:00 am to 5:00 pm

-- Sunday, Aug. 24: Green Frontiers Fest at Sculpture Park, 9:00 am to 5:00 pm

-- Sunday, Aug. 24 & Monday, Aug. 28: New Energy Station at Sculpture Park, 9:00 am to 5:00 pm.

-- Wednesday, Aug. 27: Coors Field "SEIA Sunfest" Concert (invitation-only)

SunEdison, North America's largest solar energy services provider, is the lead sponsor of the tour with four leading solar industry companies: Evergreen Solar, Inc., a manufacturer of solar power panels; United Solar Ovonic, LLC, a manufacturer of thin-film solar laminates; SMA America, Inc., a manufacturer of solar inverters; and Xantrex Technology, Inc., a manufacturer of advanced power electronic products, including solar inverters.

With rising and volatile energy costs and increasing environmental concerns, community leaders, citizens and energy companies are searching for more information about solar and renewable energy. The City Tour for Solar will educate city leaders and managers on how to turn a public demand for renewable energy into reality with clean, predictably priced solar electrical power. The tour will include practical information on how to plan, implement and verify the value of municipal and utility solar programs.

"The reality is that solar is complex," said Thomas (Tom) Rainwater, CEO of SunEdison. "There are key concepts like 'interconnection standards,' 'net-metering' and others that national, state and local officials need to understand in order to make the right decisions about solar for their communities. We are simply bringing the knowledge to them as an industry, so cities can deploy cost-effective solar energy when and where it makes sense to them. We commend our industry partners Evergreen Solar, United Solar Ovonic, SMA America and Xantrex for making this city tour a reality."

Solar energy provides new 'green' jobs, addressing climate change issues and ensuring a secure, local independent power supply. Seven jobs are created for every megawatt (MW) of solar energy installed.

Tour Schedule

The Solar City Tour will begin Friday, August 1, at the National Renewable Energy Laboratory (NREL) in Golden, Colo., and will visit 50 cities in the Western United States. The tour will conclude on November 14, in Sacramento, Calif. For updated information on the tour please visit: http://www.CityTourforSolar.com

About SunEdison

SunEdison LLC is North America's largest solar energy services provider and operates across a global marketplace. SunEdison provides solar-generated energy at or below current retail utility rates to a broad and diverse client base of commercial, municipal and utility customers. For more information about SunEdison, please visit http://www.sunedison.com.

About Evergreen Solar

Evergreen Solar, Inc. develops, manufactures and markets String Ribbon(TM) solar power products using its proprietary, low-cost wafer technology. The company's patented wafer manufacturing technology uses significantly less polysilicon than conventional processes. Evergreen Solar's products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the company, please visit www.evergreensolar.com.

About United Solar Ovonic

United Solar Ovonic LLC, a subsidiary of Energy Conversion Devices, Inc. (NASDAQ:ENER), manufactures and sells thin-film solar laminates that convert sunlight to energy using proprietary technology. Distributed globally under the UNI-SOLAR(R) brand, the company's products are ideally suited for cost-effective solar roofing solutions because they are lightweight, durable, flexible, can be integrated directly with building materials, and generate more energy in real-world conditions. http://www.uni-solar.com

About SMA America

SMA America, Inc. is a proud part of the worldwide SMA family of companies, with divisions in nine countries on four continents, boasting over 2,000 employees, and continuous double-digit growth. SMA America supports installers and small businesses in the solar industry through marketing and training assistance. Since 2000, SMA America has shown unfaltering commitment to the continued development and implementation of leading-edge products, including some of the most efficient solar inverters available nationwide. http://www.sma-america.com

About Xantrex

Xantrex Technology Inc. is a world 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. Xantrex is headquartered in Vancouver, Canada, with facilities in Arlington, Livermore, San Diego, and Elkhart, United States; Barcelona, Spain; Reading, England; Berlin, Germany; and a joint venture in Shanghai, China. Xantrex is listed on the Toronto Stock Exchange under the ticker symbol "XTX". http://www.xantrex.com

SOURCE: SunEdison

Gallagher Group Communications
Kimberly Hathaway, 415-989-2900 or 415-994-1097 (mobile)
kimberly@gg-comm.com

Majority of the Company's shares are held by general public. However, the share of general public, in total issued shares, has increased from 46.9%, through IPO, to 53.1% by the end of 2007, while the rest of the shares are held by several local, regional and international players. Out of which, Dar Chemicals is the largest shareholder with the share of 15.9% in total issued capital of 141.4mn shares.

The Company has a combined capacity to produce 455,000 tons of PDH, by using Naphtha as a feedstock and 450,000 tons of PP by using the home made propylene as a feed stock. Moreover, the manufacturing facility of the Company comprises of two plants one is use to produce propane dehydrogenation (PDH) from the cracking of Naphtha and other is to produce PP through the utilization of PDH in an effective manner. It is worth mentioning that all propylene production of the Company is used to produce PP. Furthermore, the manufacturing facility of Propylene is equipped with CATOFIN PDH technology, which is widely adopted alternative technology to produce propylene. While, the Company has installed NOVOLEN PP process technology to produce polypropylene.

The basic feedstock for the Company propane is obtained from the cracking of Naphtha. In pursuant to the allocation letter of Saudi Aramco, the Company has now allocated to get 23mn barrels per day of propane feedstock at the price which is 30% lower than the international market price. This gives it a competitive edge over international players. The Company is also using gas as a feedstock and has got approval to get 15 million cubic feet per day (mmcfd) of gas. The Company is enjoying the benefit of getting feedstock gas at subsidize rate of US$0.75 per million British thermal units (mmbtu). Moreover, gas prices have now become a major challenge on international level to manage their margins. Since average gas prices has been surged to US$6.3 per mmbtu in 2007 from US$ 4.6 per mmbtu in 2003 after making all time high of US$7.3 per mmbtu in 2005. Based on our expectations, the revenue from the manufacturing facilities of the Company will start from 2Q2008, and will lead to the annual sales revenues of SR2.3bn in 2008. While, the net profit of the Company is expected to surge to SR463.3mn (translating in to EPS of SR3.3) as compared to SR2.2mn (EPS of SR0.015) in 2007 and depicts net profit margin for the Company at 19.9% in 2008. Moreover, the company is expected to post ROA of 17.5% and ROE of 28.1% in 2008.

Profitability & ROA Profitability & ROE Source: Company Reports, Global Research The bottom-line of the Company, in 2009, is expected to increase to SR592.5mn (translating into EPS of SR4.2), which is mainly due to the full year impact of the production from complex. However, an expected decline in the average prices of polypropylene, in 2010 & 2011, will lead to a slight decline in profitability of the Company, which will lead to a decline in prospective ROA & ROE in corresponding years.

APPC - Investment IndicatorsPrice as on 14th July 2008 Shares in issue Market Cap (SR mn) 52-Week High/Low55.5 SR 141.4 mn 7,846 60.25 / 21.25Year Revenues (SR Mn) Net Profit(SR Mn) EPS(SR) BVPS(SR) ROE(%) P/E(x) P/BV(x)2010E 3,023 579.2 4.10 15.8 25.9% 13.5 5.62009E 3,085 592.5 4.19 13.8 30.5% 13.2 5.62008 E 2,332 463.3 3.28 11.7 28.1% 16.9 5.62007 A - 2.2 0.02 10.0 0.2% n/a 4.8Source: Annual Reports and Global Research Historical P/E & P/BV multiples pertain to respective year-end prices, while those for future years are based on closing prices on the Tadawul as of 14th July 2008 (C) 2008 Al Bawaba (www.albawaba.com)