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CORRECTION

I wrote:

The Switch started operations in November 2006. That's a young company for such rapid sales growth -- and profitability.


ACTUAL FACTS:

That's not totally correct. Here is the whole story:

In December 2006, three innovative companies – Rotatek Finland, Verteco and Youtility – joined forces to become The Switch.

As the newest player in the market, The Switch brings a fresh approach to the business. At the same time, it combines 25 years of expertise from three well-respected organizations.



MORE ABOUT THE SWITCH

I looked into the pre-Switch companies but found this industry analysis done in 2010 more interesting:

In December 2006, three innovative companies – Rotatek Finland, Verteco and Youtility – joined forces to become The Switch.

As the newest player in the market, The Switch brings a fresh approach to the business. At the same time, it combines 25 years of expertise from three well-respected organizations.

Another oft-claimed advantage is that, compared with DFIGs, PMGs with full-power converters offer easier compliance with stringent future grid codes. On the other hand, the iron (Fe) elements in the NdFeB magnet material makes these components prone to corrosion, which necessitates long-lasting magnet insulation and complete protection from harsh exterior environments. Also, operating temperatures inside the generator rotor must be limited to a maximum of 80°C in order to retain magnetic properties. Current manufacturing capacity for The Switch amounts to 1500 MW for generators and 3500 MW in converters, with a target to expand generator output volume to 6000 MW and converters to 7500 MW within two years. DongFang of China, among the world’s largest suppliers of power engineering equipment, currently manufactures most generators and power converters for The Switch’s global distribution.


http://www.renewableenergyworld.com/rea/news/print/article/2...

As noted before, The Switch is an interesting company and it appears that it has a unique quality in its desire to move rapidly. Let's hope that culture doesn't have a negative impact at AMSC.

W.D.
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