Xantrex announces share purchase through a normal course issuer bid
(Download PDF version)

VANCOUVER, BC, August 18, 2005 — Xantrex Technology Inc. (TSX:XTX) announced today that its Board of Directors has authorized a normal course issuer bid. A Notice of Intention has been filed with, and accepted by, the Toronto Stock Exchange ("TSX").

Under its normal course issuer bid commencing on Monday, August 22, 2005, share purchases may be made during the 12 months ending August 21, 2006 aggregating the lesser of $10 million in cost or 10 percent of its public float, or until Xantrex announces termination of the bid. As of August 17, 2005, Xantrex had 29,942,598 common shares issued and outstanding of which approximately 22,100,042 were estimated under applicable rules to be in the public float. Xantrex will pay prevailing market prices at the time of purchase for the shares. Purchases will be made in the open market through the facilities of the TSX in accordance with applicable rules and policies. All shares purchased will be cancelled.

"Xantrex’s main focus is on improving the execution of our growth strategy and our financial performance," said Mossadiq S. Umedaly, Xantrex’s Chairman. "In addition, the share purchase using a portion of our capital, is consistent with our objective of creating value for our shareholders."

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 distributed, mobile and programmable power markets. The company’s products convert raw electrical power from any central, distributed, or backup power source into high-quality power required by electronic and electrical equipment.

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.

For further information, please contact Donna Clark
Phone: 604-422-2601 Email: donna.clark@xantrex.com
Web: www.xantrex.com

	Corporate Profile
	Fast Facts
	Management
	Markets
	Quality Assurance
	Privacy Policy
	Contacts & Addresses

EXECUTIVE MANAGEMENT

	President and Chief Executive Officer
	Chief Financial Officer
	Vice President, Operations
	Vice President, Engineering
	Vice President, Marketing and International Development
	Vice President, EMEAS Commercial Renewable Energies Business

NEWS ROOM

Company News
Awards

CAREERS

Our Careers