Xantrex Receives Industry Accolade

September 16, 2004 [] Xantrex Technology, known in the renewable energy field for their solar PV grid-tie inverters, was selected by Frost & Sullivan as the recipient of the 2004 Growth Strategy Leadership Award in the category of World Power Inverter Market. The awards are given each year to companies that demonstrate an exceptional growth strategy within their industries. Xantrex was singled out for its significant global growth during harsh economic conditions in the Power Inverter industry. In its Award analysis, Frost & Sullivan highlighted the company’s expertise with identifying high growth potential markets and its diverse product line development as primary growth strategies. Over the last few years, the company has successfully re-branded several popular brands of power electronics under the Xantrex brand name. Xantrex revenues have increased from US$10 million in 1998 to US$136 million in 2003, representing a compound annual growth rate of 69 percent.