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Company News:
Xantrex Technology Inc. Announces Director Retirement
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VANCOUVER, BC, May 11, 2007 — Xantrex Technology Inc. (TSX:XTX) announced today that Messrs. Lionel Dodd and Fares Boulos have determined that they will not stand for re-election at the Company’s upcoming annual general meeting. Mr. Mossadiq S. Umedaly, Chairman of Xantrex, said, "The Board would like to thank Messrs. Dodd and Boulos for their past service to the Company." Mr. Dodd’s decision is due to personal commitments. Mr. Boulos’ decision is due to philosophical differences with the Board.
As a result of these decisions, the Board of Directors has fixed the size of the Board at 6 directors effective May 16, 2007.
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, mobile, and portable 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. Headquartered in Vancouver, British Columbia, the company has facilities in Arlington, Washington; Livermore and San Diego, California; Elkhart, Indiana; Barcelona, Spain; and Reading, England. Xantrex is listed on the Toronto Stock Exchange under the symbol "XTX".
For further information, please contact: Donna Clark 604-422-2601 donna.clark@xantrex.com
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